Light & Wonder
LNW was delisted on the 12th of November, 2025.
288 hedge funds and large institutions have $4.84B invested in Light & Wonder in 2025 Q3 according to their latest regulatory filings, with 57 funds opening new positions, 87 increasing their positions, 104 reducing their positions, and 51 closing their positions.
15% more call options, than puts
Call options by funds: $16.6M | Put options by funds: $14.4M
12% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 51
2.93% more ownership
Funds ownership: 65.63% → 68.56% (+2.9%)
2% more funds holding
Funds holding: 282 → 288 (+6)
0% more funds holding in top 10
Funds holding in top 10: 9 → 9 (0)
9% less capital invested
Capital invested by funds: $5.33B → $4.84B (-$488M)
16% less repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 104
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIA
Caledonia Investments (Australia)
Sydney NSW,
Australia
|
+$111M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$87.3M |
| 3 |
ECM
Engine Capital Management
New York
|
+$66.6M |
| 4 |
CPIH
Consolidated Press International Holdings
Sydney,
Australia
|
+$57.8M |
| 5 |
Capital Research Global Investors
Los Angeles,
California
|
+$55.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCP
Fine Capital Partners
New York
|
-$58.2M |
| 2 |
SHCM
Stone House Capital Management
Bay Harbor Islands,
Florida
|
-$46.4M |
| 3 |
IG
ING Group
Amsterdam,
Netherlands
|
-$45.4M |
| 4 |
D.E. Shaw & Co
New York
|
-$45.3M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$43.3M |
LNW Hedge Fund Activity: Q3 2025 in Review
288 of the 7,629 institutional investors tracked by Wall St. Rank reported a position in Light & Wonder (LNW) for Q3 2025, worth a combined $4.84B — down 9.2% from $5.33B a quarter earlier.
Buyers outnumbered sellers: 57 funds opened new LNW positions and 51 closed out — a net gain of 6 holders — while 87 added to existing stakes and 104 trimmed.
The largest buyer was Caledonia Investments (Australia), adding an estimated $111M. The largest seller was Fine Capital Partners, cutting an estimated $58.2M.
- 288 institutional investors held Light & Wonder (LNW) as of Q3 2025, up from 282 in Q2 2025.
- Funds reported $4.84B of Light & Wonder stock for Q3 2025, down 9.2% quarter-over-quarter.
- 57 funds opened new Light & Wonder positions in Q3 2025 and 51 closed out, a net change of +6 holders.
- The largest Light & Wonder buyer in Q3 2025 was Caledonia Investments (Australia), an estimated $111M added.
- The largest Light & Wonder seller in Q3 2025 was Fine Capital Partners, an estimated $58.2M sold.
Based on aggregated 13F filings for Q3 2025.