Legg Mason, Inc.
LM
LM was delisted on the 31st of July, 2020.
339 hedge funds and large institutions have $5.81B invested in Legg Mason, Inc. in 2013 Q3 according to their latest regulatory filings, with 34 funds opening new positions, 101 increasing their positions, 142 reducing their positions, and 37 closing their positions.
67% more capital invested
Capital invested by funds: $3.48B → $5.81B (+$2.33B)
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
8% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 37
1% less funds holding
Funds holding: 344 → 339 (-5)
29% less repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 142
39% less call options, than puts
Call options by funds: $19.5M | Put options by funds: $32M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Loomis, Sayles & Company
Boston,
Massachusetts
|
+$41.8M |
| 2 |
Pzena Investment Management
New York
|
+$38.1M |
| 3 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$19.3M |
| 4 |
JP Morgan Chase
New York
|
+$15.9M |
| 5 |
PP
Prospector Partners
Guilford,
Connecticut
|
+$14.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Greenlight Capital
New York
|
-$23.8M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$22.1M |
| 3 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
-$18.9M |
| 4 |
MAMU
Marathon Asset Management (UK)
London,
United Kingdom
|
-$17.5M |
| 5 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$16.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
376
Axa
Paris,
France
| – | -$3K | -90 | Closed |
|
|
BPBT
377
Boston Private Bank & Trust
Boston,
Massachusetts
| – | -$1K | -32 | Closed |
|
LM Hedge Fund Activity: Q3 2013 in Review
339 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Legg Mason, Inc. (LM) for Q3 2013, worth a combined $5.81B — up 67% from $3.48B a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of LM and 34 opened new positions — a net loss of 3 holders — while 142 trimmed existing stakes and 101 added.
The largest buyer was Loomis, Sayles & Company, adding an estimated $41.8M. The largest seller was Greenlight Capital, cutting an estimated $23.8M.
- 339 institutional investors held Legg Mason, Inc. (LM) as of Q3 2013, down from 344 in Q2 2013.
- Funds reported $5.81B of Legg Mason, Inc. stock for Q3 2013, up 67% quarter-over-quarter.
- 34 funds opened new Legg Mason, Inc. positions in Q3 2013 and 37 closed out, a net change of -3 holders.
- The largest Legg Mason, Inc. buyer in Q3 2013 was Loomis, Sayles & Company, an estimated $41.8M added.
- The largest Legg Mason, Inc. seller in Q3 2013 was Greenlight Capital, an estimated $23.8M sold.
Based on aggregated 13F filings for Q3 2013.