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LM

Legg Mason, Inc.
LM

Delisted

LM was delisted on the 31st of July, 2020.

320 hedge funds and large institutions have $4.4B invested in Legg Mason, Inc. in 2020 Q1 according to their latest regulatory filings, with 82 funds opening new positions, 66 increasing their positions, 117 reducing their positions, and 105 closing their positions.

New
Increased
Maintained
Reduced
Closed

143% more funds holding in top 10

Funds holding in top 10: 717 (+10)

63% more capital invested

Capital invested by funds: $2.7B → $4.4B (+$1.7B)

8% less funds holding

Funds holding: 347320 (-27)

22% less first-time investments, than exits

New positions opened: 82 | Existing positions closed: 105

44% less repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 117

84% less call options, than puts

Call options by funds: $1.86M | Put options by funds: $11.3M

Holders
320
Holders Change
-27
Holders Change %
-7.78%
% of All Funds
7.05%
Holding in Top 10
17
Holding in Top 10 Change
+10
Holding in Top 10 Change %
+142.86%
% of All Funds
0.37%
New
82
Increased
66
Reduced
117
Closed
105
Calls
$1.86M
Puts
$11.3M
Net Calls
-$9.43M
Net Calls Change
-$12.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$402M +$17.5M +401,940 +5%
BlackRock
2
BlackRock
New York
$366M -$35.1M -804,018 -10%
TFM
3
Trian Fund Management
New York
$190M
UOC
4
UBS O'Connor
Illinois
$182M +$163M +3,731,226 New
Dimensional Fund Advisors
5
Dimensional Fund Advisors
Texas
$179M -$2.5M -57,383 -2%
Goldman Sachs
6
Goldman Sachs
New York
$147M +$100M +2,296,091 +320%
HI
7
HBK Investments
Texas
$147M +$131M +3,000,100 New
CS
8
Credit Suisse
Switzerland
$141M +$113M +2,588,280 +892%
Renaissance Technologies
9
Renaissance Technologies
New York
$121M +$55.1M +1,262,951 +104%
LSV Asset Management
10
LSV Asset Management
Illinois
$118M -$38.9M -891,837 -27%
State Street
11
State Street
Massachusetts
$104M -$2.67M -61,274 -3%
Citigroup
12
Citigroup
New York
$97.6M +$81.8M +1,875,210 +1,537%
PCM
13
Pentwater Capital Management
Florida
$95.2M +$85.1M +1,949,800 New
CC
14
Carlson Capital
Texas
$95.1M +$84.9M +1,946,330 New
WCMNY
15
Westchester Capital Management (New York)
New York
$81.4M +$72.7M +1,666,645 New
Bank of Nova Scotia
16
Bank of Nova Scotia
Ontario, Canada
$77.2M +$65.2M +1,494,731 +1,734%
WIC
17
Water Island Capital
New York
$73.5M +$65.6M +1,504,000 New
AAM
18
Alpine Associates Management
Florida
$73M +$65.2M +1,495,150 New
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
19
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$66.6M +$59.2M +1,357,057 +21,888%
Bank of New York Mellon
20
Bank of New York Mellon
New York
$58.6M -$1.25M -28,536 -2%
TAL
21
TIG Advisors LLC
New York
$54.8M +$49M +1,122,428 New
BNP Paribas Financial Markets
22
BNP Paribas Financial Markets
France
$54M +$47.1M +1,078,973 +4,148%
Norges Bank
23
Norges Bank
Norway
$51.2M
SCC
24
Spring Creek Capital
Kansas
$49.3M +$44.1M +1,010,000 New
Macquarie Group
25
Macquarie Group
Australia
$47M -$23M -527,569 -35%

LM Hedge Fund Activity: Q1 2020 in Review

320 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Legg Mason, Inc. (LM) for Q1 2020, worth a combined $4.4B — up 63% from $2.7B a quarter earlier.

Sellers outnumbered buyers: 105 funds closed out of LM and 82 opened new positions — a net loss of 23 holders — while 117 trimmed existing stakes and 66 added.

The largest buyer was UBS O'Connor, opening a new position worth an estimated $163M. The largest seller was Clarkston Capital Partners, exiting entirely with an estimated $168M sold.

  • 320 institutional investors held Legg Mason, Inc. (LM) as of Q1 2020, down from 347 in Q4 2019.
  • Funds reported $4.4B of Legg Mason, Inc. stock for Q1 2020, up 63% quarter-over-quarter.
  • 82 funds opened new Legg Mason, Inc. positions in Q1 2020 and 105 closed out, a net change of -23 holders.
  • The largest Legg Mason, Inc. buyer in Q1 2020 was UBS O'Connor, an estimated $163M added.
  • The largest Legg Mason, Inc. seller in Q1 2020 was Clarkston Capital Partners, an estimated $168M sold.

Based on aggregated 13F filings for Q1 2020.