Legacy Housing
LEGH
47 hedge funds and large institutions have $36.9M invested in Legacy Housing in 2020 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 22 increasing their positions, 14 reducing their positions, and 7 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 14
0.66% less ownership
Funds ownership: 17.38% → 16.72% (-0.66%)
6% less funds holding
Funds holding: 50 → 47 (-3)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
48% less capital invested
Capital invested by funds: $71.5M → $36.9M (-$34.6M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RR
Robotti Robert
|
+$1.87M |
| 2 |
VC
Voss Capital
Houston,
Texas
|
+$1.34M |
| 3 |
RCG
Rock Creek Group
Washington,
District of Columbia
|
+$553K |
| 4 |
PC
PA Capital
Richmond,
Virginia
|
+$426K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$383K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Russell Investments Group
London,
United Kingdom
|
-$3.6M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
-$1.73M |
| 3 |
MPAM
Monarch Partners Asset Management
Boston,
Massachusetts
|
-$1.15M |
| 4 |
EI
EAM Investors
Solana Beach,
California
|
-$739K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$737K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GC
51
Gratia Capital
Los Angeles,
California
| – | -$418K | -25,149 | Closed |
|
|
N
52
Nuveen
Charlotte,
North Carolina
| – | -$199K | -11,965 | Closed |
|
53
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$12K | -724 | Closed |
|
LEGH Hedge Fund Activity: Q1 2020 in Review
47 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Legacy Housing (LEGH) for Q1 2020, worth a combined $36.9M — down 48% from $71.5M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of LEGH and 5 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 22 added.
The largest buyer was Robotti Robert, adding an estimated $1.87M. The largest seller was Russell Investments Group, cutting an estimated $3.6M.
- 47 institutional investors held Legacy Housing (LEGH) as of Q1 2020, down from 50 in Q4 2019.
- Funds reported $36.9M of Legacy Housing stock for Q1 2020, down 48% quarter-over-quarter.
- 5 funds opened new Legacy Housing positions in Q1 2020 and 7 closed out, a net change of -2 holders.
- The largest Legacy Housing buyer in Q1 2020 was Robotti Robert, an estimated $1.87M added.
- The largest Legacy Housing seller in Q1 2020 was Russell Investments Group, an estimated $3.6M sold.
Based on aggregated 13F filings for Q1 2020.