Legg Mason, Inc.
LM
LM was delisted on the 31st of July, 2020.
325 hedge funds and large institutions have $2.42B invested in Legg Mason, Inc. in 2016 Q2 according to their latest regulatory filings, with 36 funds opening new positions, 102 increasing their positions, 131 reducing their positions, and 64 closing their positions.
9% less funds holding
Funds holding: 356 → 325 (-31)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
22% less repeat investments, than reductions
Existing positions increased: 102 | Existing positions reduced: 131
25% less capital invested
Capital invested by funds: $3.24B → $2.42B (-$817M)
44% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 64
53% less call options, than puts
Call options by funds: $6.82M | Put options by funds: $14.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$32.7M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$29.9M |
| 3 |
JCM
Junto Capital Management
New York
|
+$21.1M |
| 4 |
Citigroup
New York
|
+$17.5M |
| 5 |
Renaissance Technologies
New York
|
+$16.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TFM
Trian Fund Management
New York
|
-$383M |
| 2 |
JP Morgan Chase
New York
|
-$27.6M |
| 3 |
Royal London Asset Management
United Kingdom
|
-$26.6M |
| 4 |
State Street
Boston,
Massachusetts
|
-$24.3M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$23.6M |
LM Hedge Fund Activity: Q2 2016 in Review
325 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Legg Mason, Inc. (LM) for Q2 2016, worth a combined $2.42B — down 25% from $3.24B a quarter earlier.
Sellers outnumbered buyers: 64 funds closed out of LM and 36 opened new positions — a net loss of 28 holders — while 131 trimmed existing stakes and 102 added.
The largest buyer was Bank of America, adding an estimated $32.7M. The largest seller was Trian Fund Management, exiting entirely with an estimated $383M sold.
- 325 institutional investors held Legg Mason, Inc. (LM) as of Q2 2016, down from 356 in Q1 2016.
- Funds reported $2.42B of Legg Mason, Inc. stock for Q2 2016, down 25% quarter-over-quarter.
- 36 funds opened new Legg Mason, Inc. positions in Q2 2016 and 64 closed out, a net change of -28 holders.
- The largest Legg Mason, Inc. buyer in Q2 2016 was Bank of America, an estimated $32.7M added.
- The largest Legg Mason, Inc. seller in Q2 2016 was Trian Fund Management, an estimated $383M sold.
Based on aggregated 13F filings for Q2 2016.