LGI Homes
LGIH
190 hedge funds and large institutions have $950M invested in LGI Homes in 2018 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 67 increasing their positions, 68 reducing their positions, and 40 closing their positions.
10% more call options, than puts
Call options by funds: $10.3M | Put options by funds: $9.34M
1% less repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 68
1.19% less ownership
Funds ownership: 89.66% → 88.46% (-1.2%)
8% less funds holding
Funds holding: 207 → 190 (-17)
14% less capital invested
Capital invested by funds: $1.1B → $950M (-$149M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
40% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 40
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$34.8M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$31.8M |
| 3 |
EIP
Epoch Investment Partners
New York
|
+$12.2M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
+$8.03M |
| 5 |
NPIC
Neumeier Poma Investment Counsel
Carmel,
California
|
+$7.74M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$34.1M |
| 2 |
HAI
Hennessy Advisors Inc
Novato,
California
|
-$28.4M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$9.84M |
| 4 |
RI
Redwood Investments
Boston,
Massachusetts
|
-$9.34M |
| 5 |
Robeco Institutional Asset Management
Rotterdam,
Netherlands
|
-$9.05M |
LGIH Hedge Fund Activity: Q3 2018 in Review
190 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in LGI Homes (LGIH) for Q3 2018, worth a combined $950M — down 14% from $1.1B a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of LGIH and 24 opened new positions — a net loss of 16 holders — while 68 trimmed existing stakes and 67 added.
The largest buyer was Frontier Capital Management, adding an estimated $34.8M. The largest seller was Macquarie Group, cutting an estimated $34.1M.
- 190 institutional investors held LGI Homes (LGIH) as of Q3 2018, down from 207 in Q2 2018.
- Funds reported $950M of LGI Homes stock for Q3 2018, down 14% quarter-over-quarter.
- 24 funds opened new LGI Homes positions in Q3 2018 and 40 closed out, a net change of -16 holders.
- The largest LGI Homes buyer in Q3 2018 was Frontier Capital Management, an estimated $34.8M added.
- The largest LGI Homes seller in Q3 2018 was Macquarie Group, an estimated $34.1M sold.
Based on aggregated 13F filings for Q3 2018.