Legg Mason, Inc.
LM
LM was delisted on the 31st of July, 2020.
370 hedge funds and large institutions have $2.62B invested in Legg Mason, Inc. in 2018 Q2 according to their latest regulatory filings, with 56 funds opening new positions, 120 increasing their positions, 130 reducing their positions, and 42 closing their positions.
33% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 42
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
3% more funds holding
Funds holding: 359 → 370 (+11)
8% less repeat investments, than reductions
Existing positions increased: 120 | Existing positions reduced: 130
17% less capital invested
Capital invested by funds: $3.15B → $2.62B (-$534M)
46% less call options, than puts
Call options by funds: $7.97M | Put options by funds: $14.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACL
Azora Capital LP
Miami,
Florida
|
+$36.3M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$25.6M |
| 3 |
CCP
Clarkston Capital Partners
Rochester,
Michigan
|
+$15.7M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$15.3M |
| 5 |
AU
Algebris (UK)
London,
United Kingdom
|
+$15.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$33.6M |
| 2 |
Goldman Sachs
New York
|
-$26.4M |
| 3 |
TCIM
TIAA CREF Investment Management
New York
|
-$17M |
| 4 |
IAM
Impax Asset Management
Portsmouth,
New Hampshire
|
-$16.7M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$16.5M |
LM Hedge Fund Activity: Q2 2018 in Review
370 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Legg Mason, Inc. (LM) for Q2 2018, worth a combined $2.62B — down 17% from $3.15B a quarter earlier.
Buyers outnumbered sellers: 56 funds opened new LM positions and 42 closed out — a net gain of 14 holders — while 120 added to existing stakes and 130 trimmed.
The largest buyer was Azora Capital LP, opening a new position worth an estimated $36.3M. The largest seller was Fidelity Investments, cutting an estimated $33.6M.
- 370 institutional investors held Legg Mason, Inc. (LM) as of Q2 2018, up from 359 in Q1 2018.
- Funds reported $2.62B of Legg Mason, Inc. stock for Q2 2018, down 17% quarter-over-quarter.
- 56 funds opened new Legg Mason, Inc. positions in Q2 2018 and 42 closed out, a net change of +14 holders.
- The largest Legg Mason, Inc. buyer in Q2 2018 was Azora Capital LP, an estimated $36.3M added.
- The largest Legg Mason, Inc. seller in Q2 2018 was Fidelity Investments, an estimated $33.6M sold.
Based on aggregated 13F filings for Q2 2018.