Legg Mason, Inc.
LM
LM was delisted on the 31st of July, 2020.
329 hedge funds and large institutions have $2.9B invested in Legg Mason, Inc. in 2019 Q3 according to their latest regulatory filings, with 41 funds opening new positions, 86 increasing their positions, 143 reducing their positions, and 38 closing their positions.
8% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 38
1% more funds holding
Funds holding: 326 → 329 (+3)
0% more funds holding in top 10
Funds holding in top 10: 9 → 9 (0)
1% less capital invested
Capital invested by funds: $2.94B → $2.9B (-$39.7M)
40% less repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 143
47% less call options, than puts
Call options by funds: $20.5M | Put options by funds: $38.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Nuveen
Charlotte,
North Carolina
|
+$23.4M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$15.1M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$14.9M |
| 4 |
Prudential Financial
Newark,
New Jersey
|
+$10.7M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$7.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State of New Jersey Common Pension Fund D
Trenton,
New Jersey
|
-$30.9M |
| 2 |
BlackRock
New York
|
-$12.7M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$11.2M |
| 4 |
Renaissance Technologies
New York
|
-$10.1M |
| 5 |
Goldman Sachs
New York
|
-$7.34M |
LM Hedge Fund Activity: Q3 2019 in Review
329 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Legg Mason, Inc. (LM) for Q3 2019, worth a combined $2.9B — down 1.3% from $2.94B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new LM positions and 38 closed out — a net gain of 3 holders — while 86 added to existing stakes and 143 trimmed.
The largest buyer was Nuveen, adding an estimated $23.4M. The largest seller was State of New Jersey Common Pension Fund D, cutting an estimated $30.9M.
- 329 institutional investors held Legg Mason, Inc. (LM) as of Q3 2019, up from 326 in Q2 2019.
- Funds reported $2.9B of Legg Mason, Inc. stock for Q3 2019, down 1.3% quarter-over-quarter.
- 41 funds opened new Legg Mason, Inc. positions in Q3 2019 and 38 closed out, a net change of +3 holders.
- The largest Legg Mason, Inc. buyer in Q3 2019 was Nuveen, an estimated $23.4M added.
- The largest Legg Mason, Inc. seller in Q3 2019 was State of New Jersey Common Pension Fund D, an estimated $30.9M sold.
Based on aggregated 13F filings for Q3 2019.