Light & Wonder
LNW was delisted on the 12th of November, 2025.
282 hedge funds and large institutions have $5.33B invested in Light & Wonder in 2025 Q2 according to their latest regulatory filings, with 49 funds opening new positions, 89 increasing their positions, 117 reducing their positions, and 47 closing their positions.
40% more call options, than puts
Call options by funds: $35M | Put options by funds: $25.1M
29% more funds holding in top 10
Funds holding in top 10: 7 → 9 (+2)
4% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 47
4% more capital invested
Capital invested by funds: $5.14B → $5.33B (+$192M)
0% more funds holding
Funds holding: 281 → 282 (+1)
4.6% less ownership
Funds ownership: 70.24% → 65.63% (-4.6%)
24% less repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 117
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CPIH
Consolidated Press International Holdings
Sydney,
Australia
|
+$195M |
| 2 |
TAA
Turiya Advisors Asia
Hong Kong
|
+$44.4M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$43.6M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$27.9M |
| 5 |
Capital International Investors
Los Angeles,
California
|
+$17.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$178M |
| 2 |
CIA
Caledonia Investments (Australia)
Sydney NSW,
Australia
|
-$161M |
| 3 |
Ninety One (UK)
London,
United Kingdom
|
-$102M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$54M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$48.9M |
LNW Hedge Fund Activity: Q2 2025 in Review
282 of the 7,602 institutional investors tracked by Wall St. Rank reported a position in Light & Wonder (LNW) for Q2 2025, worth a combined $5.33B — up 3.7% from $5.14B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new LNW positions and 47 closed out — a net gain of 2 holders — while 89 added to existing stakes and 117 trimmed.
The largest buyer was Consolidated Press International Holdings, opening a new position worth an estimated $195M. The largest seller was Morgan Stanley, cutting an estimated $178M.
- 282 institutional investors held Light & Wonder (LNW) as of Q2 2025, up from 281 in Q1 2025.
- Funds reported $5.33B of Light & Wonder stock for Q2 2025, up 3.7% quarter-over-quarter.
- 49 funds opened new Light & Wonder positions in Q2 2025 and 47 closed out, a net change of +2 holders.
- The largest Light & Wonder buyer in Q2 2025 was Consolidated Press International Holdings, an estimated $195M added.
- The largest Light & Wonder seller in Q2 2025 was Morgan Stanley, an estimated $178M sold.
Based on aggregated 13F filings for Q2 2025.