Light & Wonder
LNW was delisted on the 12th of November, 2025.
211 hedge funds and large institutions have $5.21B invested in Light & Wonder in 2023 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 69 increasing their positions, 83 reducing their positions, and 26 closing their positions.
66% more call options, than puts
Call options by funds: $40.5M | Put options by funds: $24.4M
8% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 26
0% more funds holding
Funds holding: 210 → 211 (+1)
6% less capital invested
Capital invested by funds: $5.54B → $5.21B (-$322M)
8.36% less ownership
Funds ownership: 88.38% → 80.02% (-8.4%)
10% less funds holding in top 10
Funds holding in top 10: 10 → 9 (-1)
17% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 83
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Natixis
Paris,
France
|
+$67.8M |
| 2 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$25.3M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$17.7M |
| 4 |
Charles Schwab
San Francisco,
California
|
+$16.8M |
| 5 |
Capital Research Global Investors
Los Angeles,
California
|
+$13.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIA
Caledonia Investments (Australia)
Sydney NSW,
Australia
|
-$163M |
| 2 |
Goldman Sachs
New York
|
-$111M |
| 3 |
Nomura Holdings
Tokyo,
Japan
|
-$69M |
| 4 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$51.3M |
| 5 |
TOTUOP
Trustees of The University of Pennsylvania
Philaldelphia,
Pennsylvania
|
-$49.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LCM
226
Laurion Capital Management
New York
| – | -$444K | -6,451 | Closed |
|
|
YIH
227
Y-Intercept (HK)
Hong Kong
| – | -$397K | -5,771 | Closed |
|
|
BC
228
Bridgefront Capital
Austin,
Texas
| – | -$396K | -5,752 | Closed |
|
|
WG
229
Winton Group
London,
United Kingdom
| – | -$248K | -3,603 | Closed |
|
|
CC
230
Corton Capital
Carrying Place,
Ontario, Canada
| – | -$217K | -3,162 | Closed |
|
231
Simplex Trading
Chicago,
Illinois
| – | -$215K | -2,958 | Closed |
|
232
Walleye Trading
New York
| – | -$170K | -2,339 | Closed |
|
|
PCM
233
Penserra Capital Management
Orinda,
California
| – | -$27K | -400 | Closed |
|
|
NICM
234
Neo Ivy Capital Management
New York
| – | -$22K | -327 | Closed |
|
|
MAM
235
Meeder Asset Management
Dublin,
Ohio
| – | -$16K | -233 | Closed |
|
|
NC
236
NewSquare Capital
Newtown Square,
Pennsylvania
| – | -$688 | -10 | Closed |
|
LNW Hedge Fund Activity: Q3 2023 in Review
211 of the 6,303 institutional investors tracked by Wall St. Rank reported a position in Light & Wonder (LNW) for Q3 2023, worth a combined $5.21B — down 5.8% from $5.54B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new LNW positions and 26 closed out — a net gain of 2 holders — while 69 added to existing stakes and 83 trimmed.
The largest buyer was Natixis, adding an estimated $67.8M. The largest seller was Caledonia Investments (Australia), cutting an estimated $163M.
- 211 institutional investors held Light & Wonder (LNW) as of Q3 2023, up from 210 in Q2 2023.
- Funds reported $5.21B of Light & Wonder stock for Q3 2023, down 5.8% quarter-over-quarter.
- 28 funds opened new Light & Wonder positions in Q3 2023 and 26 closed out, a net change of +2 holders.
- The largest Light & Wonder buyer in Q3 2023 was Natixis, an estimated $67.8M added.
- The largest Light & Wonder seller in Q3 2023 was Caledonia Investments (Australia), an estimated $163M sold.
Based on aggregated 13F filings for Q3 2023.