Light & Wonder
LNW was delisted on the 12th of November, 2025.
210 hedge funds and large institutions have $5.54B invested in Light & Wonder in 2023 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 56 increasing their positions, 95 reducing their positions, and 26 closing their positions.
406% more call options, than puts
Call options by funds: $24.3M | Put options by funds: $4.82M
8% more capital invested
Capital invested by funds: $5.15B → $5.54B (+$388M)
8% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 26
1% more funds holding
Funds holding: 208 → 210 (+2)
0% more funds holding in top 10
Funds holding in top 10: 10 → 10 (0)
6.01% less ownership
Funds ownership: 94.38% → 88.38% (-6%)
41% less repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 95
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
+$62.9M |
| 2 |
Millennium Management
New York
|
+$28.7M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$14.7M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$11.8M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$10.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIA
Caledonia Investments (Australia)
Sydney NSW,
Australia
|
-$248M |
| 2 |
WU
Washington University
St Louis,
Missouri
|
-$78.6M |
| 3 |
IG
ING Group
Amsterdam,
Netherlands
|
-$59.3M |
| 4 |
BlackRock
New York
|
-$23.5M |
| 5 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$21.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ACM
226
Aquatic Capital Management
Chicago,
Illinois
| – | -$114K | -1,900 | Closed |
|
|
KI
227
Kapitalo Investimentos
Sao Paulo,
Brazil
| – | -$111K | -1,844 | Closed |
|
|
TWA
228
TCI Wealth Advisors
Tucson,
Arizona
| – | -$12K | -200 | Closed |
|
|
STCOSD
229
Sageworth Trust Company of South Dakota
Sioux Falls,
South Dakota
| – | -$8.47K | -141 | Closed |
|
|
BAM
230
Belpointe Asset Management
Reno,
Nevada
| – | -$4.8K | -80 | Closed |
|
|
ST
231
Sageworth Trust
Lancaster,
Pennsylvania
| – | -$3.84K | -64 | Closed |
|
232
Fisher Asset Management
Camas,
Washington
| – | -$2.1K | -35 | Closed |
|
233
Fuller & Thaler Asset Management
San Mateo,
California
| – | -$1.02K | -17 | Closed |
|
|
2L
234
25 LLC
St. Louis,
Missouri
| – | -$474 | -8 | Closed |
|
|
ASN
235
Advisory Services Network
Atlanta,
Georgia
| – | -$300 | -5 | Closed |
|
|
BTI
236
Blue Trust Inc
Alpharetta,
Georgia
| – | +$248 | +4 | New |
|
LNW Hedge Fund Activity: Q2 2023 in Review
210 of the 6,371 institutional investors tracked by Wall St. Rank reported a position in Light & Wonder (LNW) for Q2 2023, worth a combined $5.54B — up 7.5% from $5.15B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new LNW positions and 26 closed out — a net gain of 2 holders — while 56 added to existing stakes and 95 trimmed.
The largest buyer was Nomura Holdings, adding an estimated $62.9M. The largest seller was Caledonia Investments (Australia), cutting an estimated $248M.
- 210 institutional investors held Light & Wonder (LNW) as of Q2 2023, up from 208 in Q1 2023.
- Funds reported $5.54B of Light & Wonder stock for Q2 2023, up 7.5% quarter-over-quarter.
- 28 funds opened new Light & Wonder positions in Q2 2023 and 26 closed out, a net change of +2 holders.
- The largest Light & Wonder buyer in Q2 2023 was Nomura Holdings, an estimated $62.9M added.
- The largest Light & Wonder seller in Q2 2023 was Caledonia Investments (Australia), an estimated $248M sold.
Based on aggregated 13F filings for Q2 2023.