Legg Mason, Inc.
LM
LM was delisted on the 31st of July, 2020.
337 hedge funds and large institutions have $2.29B invested in Legg Mason, Inc. in 2018 Q3 according to their latest regulatory filings, with 40 funds opening new positions, 136 increasing their positions, 98 reducing their positions, and 69 closing their positions.
39% more repeat investments, than reductions
Existing positions increased: 136 | Existing positions reduced: 98
9% less funds holding
Funds holding: 370 → 337 (-33)
13% less capital invested
Capital invested by funds: $2.62B → $2.29B (-$334M)
38% less funds holding in top 10
Funds holding in top 10: 8 → 5 (-3)
42% less first-time investments, than exits
New positions opened: 40 | Existing positions closed: 69
80% less call options, than puts
Call options by funds: $7.09M | Put options by funds: $34.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clarkston Capital Partners
Rochester,
Michigan
|
+$24.1M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$19.4M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$13M |
| 4 |
Renaissance Technologies
New York
|
+$12.3M |
| 5 |
BlackRock
New York
|
+$11.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$97.4M |
| 2 |
ACL
Azora Capital LP
Miami,
Florida
|
-$33.2M |
| 3 |
DGHMC
Dalton, Greiner, Hartman, Maher & Co
New York
|
-$21.5M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$17.9M |
| 5 |
O
OppenheimerFunds
New York
|
-$10.5M |
LM Hedge Fund Activity: Q3 2018 in Review
337 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Legg Mason, Inc. (LM) for Q3 2018, worth a combined $2.29B — down 13% from $2.62B a quarter earlier.
Sellers outnumbered buyers: 69 funds closed out of LM and 40 opened new positions — a net loss of 29 holders — while 98 trimmed existing stakes and 136 added.
The largest buyer was Clarkston Capital Partners, adding an estimated $24.1M. The largest seller was Fidelity Investments, cutting an estimated $97.4M.
- 337 institutional investors held Legg Mason, Inc. (LM) as of Q3 2018, down from 370 in Q2 2018.
- Funds reported $2.29B of Legg Mason, Inc. stock for Q3 2018, down 13% quarter-over-quarter.
- 40 funds opened new Legg Mason, Inc. positions in Q3 2018 and 69 closed out, a net change of -29 holders.
- The largest Legg Mason, Inc. buyer in Q3 2018 was Clarkston Capital Partners, an estimated $24.1M added.
- The largest Legg Mason, Inc. seller in Q3 2018 was Fidelity Investments, an estimated $97.4M sold.
Based on aggregated 13F filings for Q3 2018.