Leggett & Platt
415 hedge funds and large institutions have $3.4B invested in Leggett & Platt in 2014 Q3 according to their latest regulatory filings, with 37 funds opening new positions, 143 increasing their positions, 161 reducing their positions, and 28 closing their positions.
32% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 28
1% more funds holding
Funds holding: 409 → 415 (+6)
3% less capital invested
Capital invested by funds: $3.51B → $3.4B (-$111M)
2.62% less ownership
Funds ownership: 73.68% → 71.07% (-2.6%)
11% less repeat investments, than reductions
Existing positions increased: 143 | Existing positions reduced: 161
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
32% less call options, than puts
Call options by funds: $3.62M | Put options by funds: $5.29M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$13.4M |
| 2 |
M&T Bank
Buffalo,
New York
|
+$10.2M |
| 3 |
AIA
Avalon Investment & Advisory
Houston,
Texas
|
+$9.44M |
| 4 |
T
Thomaspartners
Boston,
Massachusetts
|
+$6.61M |
| 5 |
AAM
Aberdeen Asset Management
Aberdeen,
United Kingdom
|
+$6.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$43.7M |
| 2 |
Neuberger Berman Group
New York
|
-$39.5M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
-$38.1M |
| 4 |
HCM
Hamlin Capital Management
New York
|
-$19.6M |
| 5 |
ARC
Absolute Return Capital
Boston,
Massachusetts
|
-$16.2M |
LEG Hedge Fund Activity: Q3 2014 in Review
415 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Leggett & Platt (LEG) for Q3 2014, worth a combined $3.4B — down 3.2% from $3.51B a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new LEG positions and 28 closed out — a net gain of 9 holders — while 143 added to existing stakes and 161 trimmed.
The largest buyer was Deutsche Bank, adding an estimated $13.4M. The largest seller was Norges Bank, cutting an estimated $43.7M.
- 415 institutional investors held Leggett & Platt (LEG) as of Q3 2014, up from 409 in Q2 2014.
- Funds reported $3.4B of Leggett & Platt stock for Q3 2014, down 3.2% quarter-over-quarter.
- 37 funds opened new Leggett & Platt positions in Q3 2014 and 28 closed out, a net change of +9 holders.
- The largest Leggett & Platt buyer in Q3 2014 was Deutsche Bank, an estimated $13.4M added.
- The largest Leggett & Platt seller in Q3 2014 was Norges Bank, an estimated $43.7M sold.
Based on aggregated 13F filings for Q3 2014.