Leggett & Platt
470 hedge funds and large institutions have $4.49B invested in Leggett & Platt in 2018 Q1 according to their latest regulatory filings, with 47 funds opening new positions, 181 increasing their positions, 152 reducing their positions, and 63 closing their positions.
19% more repeat investments, than reductions
Existing positions increased: 181 | Existing positions reduced: 152
2.79% more ownership
Funds ownership: 74.01% → 76.8% (+2.8%)
4% less capital invested
Capital invested by funds: $4.66B → $4.49B (-$165M)
5% less funds holding
Funds holding: 497 → 470 (-27)
25% less first-time investments, than exits
New positions opened: 47 | Existing positions closed: 63
57% less call options, than puts
Call options by funds: $5.85M | Put options by funds: $13.5M
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EIP
Epoch Investment Partners
New York
|
+$137M |
| 2 |
Bank of New York Mellon
New York
|
+$79.8M |
| 3 |
H
Hexavest
Montreal,
Quebec, Canada
|
+$42.8M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
+$31.1M |
| 5 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
+$30.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$67.4M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$42.7M |
| 3 |
Millennium Management
New York
|
-$29M |
| 4 |
Morgan Stanley
New York
|
-$28.1M |
| 5 |
Renaissance Technologies
New York
|
-$20.8M |
LEG Hedge Fund Activity: Q1 2018 in Review
470 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Leggett & Platt (LEG) for Q1 2018, worth a combined $4.49B — down 3.6% from $4.66B a quarter earlier.
Sellers outnumbered buyers: 63 funds closed out of LEG and 47 opened new positions — a net loss of 16 holders — while 152 trimmed existing stakes and 181 added.
The largest buyer was Epoch Investment Partners, opening a new position worth an estimated $137M. The largest seller was Franklin Resources, cutting an estimated $67.4M.
- 470 institutional investors held Leggett & Platt (LEG) as of Q1 2018, down from 497 in Q4 2017.
- Funds reported $4.49B of Leggett & Platt stock for Q1 2018, down 3.6% quarter-over-quarter.
- 47 funds opened new Leggett & Platt positions in Q1 2018 and 63 closed out, a net change of -16 holders.
- The largest Leggett & Platt buyer in Q1 2018 was Epoch Investment Partners, an estimated $137M added.
- The largest Leggett & Platt seller in Q1 2018 was Franklin Resources, an estimated $67.4M sold.
Based on aggregated 13F filings for Q1 2018.