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LGI Homes

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.

New
Increased
Maintained
Reduced
Closed

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: 207190 (-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: 32 (-1)

40% less first-time investments, than exits

New positions opened: 24 | Existing positions closed: 40

Holders
190
Holders Change
-17
Holders Change %
-8.21%
% of All Funds
4.34%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.05%
New
24
Increased
67
Reduced
68
Closed
40
Calls
$10.3M
Puts
$9.34M
Net Calls
+$924K
Net Calls Change
+$7.21M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$135M +$6.59M +119,807 +4%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$80.2M +$31.8M +577,909 +52%
GGHC
3
Gilder Gagnon Howe & Co
New York
$77.4M -$3.59M -65,289 -4%
EIP
4
Epoch Investment Partners
New York
$70.1M +$12.2M +221,250 +18%
FCM
5
Frontier Capital Management
Massachusetts
$59M +$34.8M +633,714 +104%
WA
6
Wasatch Advisors
Utah
$55.3M +$1.64M +29,822 +3%
Vanguard Group
7
Vanguard Group
Pennsylvania
$51.4M -$26.8K -488 -0%
State Street
8
State Street
Massachusetts
$33.4M -$1.42M -25,919 -4%
CGM
9
Capital Growth Management
Massachusetts
$22.3M
NPIC
10
Neumeier Poma Investment Counsel
California
$16.9M +$7.74M +140,870 +65%
DCCA
11
D.C. Capital Advisors
New York
$14.2M
SCP
12
Steamboat Capital Partners
New York
$12.9M +$592K +10,763 +4%
Bank of New York Mellon
13
Bank of New York Mellon
New York
$11.5M -$1.31M -23,866 -9%
Northern Trust
14
Northern Trust
Illinois
$11.5M +$407K +7,404 +3%
State of New Jersey Common Pension Fund D
15
State of New Jersey Common Pension Fund D
New Jersey
$11.1M
Morgan Stanley
16
Morgan Stanley
New York
$10.8M +$2.28M +41,482 +22%
Geode Capital Management
17
Geode Capital Management
Massachusetts
$9.21M +$640K +11,649 +6%
Lord, Abbett & Co
18
Lord, Abbett & Co
New Jersey
$9.05M -$9.84M -178,942 -48%
GLA
19
Great Lakes Advisors
Illinois
$8.2M -$888K -16,153 -9%
Prudential Financial
20
Prudential Financial
New Jersey
$8.18M +$4.94M +89,902 +109%
KCM
21
Kennedy Capital Management
Missouri
$7.76M -$182K -3,312 -2%
Principal Financial Group
22
Principal Financial Group
Iowa
$7.72M +$500K +9,090 +6%
Deutsche Bank
23
Deutsche Bank
Germany
$6.99M -$1.67M -30,400 -17%
LSV Asset Management
24
LSV Asset Management
Illinois
$6.97M
Russell Investments Group
25
Russell Investments Group
United Kingdom
$6.93M +$8.03M +146,128 New

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.