Legg Mason, Inc.
LM
LM was delisted on the 31st of July, 2020.
303 hedge funds and large institutions have $4.86B invested in Legg Mason, Inc. in 2020 Q2 according to their latest regulatory filings, with 42 funds opening new positions, 111 increasing their positions, 103 reducing their positions, and 56 closing their positions.
35% more funds holding in top 10
Funds holding in top 10: 17 → 23 (+6)
10% more capital invested
Capital invested by funds: $4.4B → $4.86B (+$457M)
8% more repeat investments, than reductions
Existing positions increased: 111 | Existing positions reduced: 103
5% less funds holding
Funds holding: 320 → 303 (-17)
25% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 56
32% less call options, than puts
Call options by funds: $6.54M | Put options by funds: $9.62M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$174M |
| 2 |
Barclays
London,
United Kingdom
|
+$130M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$99.5M |
| 4 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$96.2M |
| 5 |
PCM
Pentwater Capital Management
Naples,
Florida
|
+$67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TFM
Trian Fund Management
New York
|
-$190M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
-$113M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$84.9M |
| 4 |
Neuberger Berman Group
New York
|
-$46M |
| 5 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$35.4M |
LM Hedge Fund Activity: Q2 2020 in Review
303 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Legg Mason, Inc. (LM) for Q2 2020, worth a combined $4.86B — up 10% from $4.4B a quarter earlier.
Sellers outnumbered buyers: 56 funds closed out of LM and 42 opened new positions — a net loss of 14 holders — while 103 trimmed existing stakes and 111 added.
The largest buyer was Renaissance Technologies, adding an estimated $174M. The largest seller was Trian Fund Management, exiting entirely with an estimated $190M sold.
- 303 institutional investors held Legg Mason, Inc. (LM) as of Q2 2020, down from 320 in Q1 2020.
- Funds reported $4.86B of Legg Mason, Inc. stock for Q2 2020, up 10% quarter-over-quarter.
- 42 funds opened new Legg Mason, Inc. positions in Q2 2020 and 56 closed out, a net change of -14 holders.
- The largest Legg Mason, Inc. buyer in Q2 2020 was Renaissance Technologies, an estimated $174M added.
- The largest Legg Mason, Inc. seller in Q2 2020 was Trian Fund Management, an estimated $190M sold.
Based on aggregated 13F filings for Q2 2020.