Light & Wonder
LNW was delisted on the 12th of November, 2025.
202 hedge funds and large institutions have $3.22B invested in Light & Wonder in 2021 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 67 increasing their positions, 74 reducing their positions, and 29 closing their positions.
440% more call options, than puts
Call options by funds: $145M | Put options by funds: $26.8M
13% more funds holding in top 10
Funds holding in top 10: 8 → 9 (+1)
3% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 29
0.41% less ownership
Funds ownership: 88.19% → 87.77% (-0.41%)
0% less funds holding
Funds holding: 203 → 202 (-1)
9% less repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 74
7% less capital invested
Capital invested by funds: $3.48B → $3.22B (-$257M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
+$49.6M |
| 2 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$35.8M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$27.8M |
| 4 |
RA
Royce & Associates
New York
|
+$17.5M |
| 5 |
BlackRock
New York
|
+$17.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$66.7M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$32.3M |
| 3 |
Parallax Volatility Advisers
San Francisco,
California
|
-$28.1M |
| 4 |
Neuberger Berman Group
New York
|
-$23.2M |
| 5 |
Two Sigma Investments
New York
|
-$16.7M |
LNW Hedge Fund Activity: Q1 2021 in Review
202 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in Light & Wonder (LNW) for Q1 2021, worth a combined $3.22B — down 7.4% from $3.48B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new LNW positions and 29 closed out — a net gain of 1 holder — while 67 added to existing stakes and 74 trimmed.
The largest buyer was Nantahala Capital Management, adding an estimated $49.6M. The largest seller was Susquehanna International Group, cutting an estimated $66.7M.
- 202 institutional investors held Light & Wonder (LNW) as of Q1 2021, down from 203 in Q4 2020.
- Funds reported $3.22B of Light & Wonder stock for Q1 2021, down 7.4% quarter-over-quarter.
- 30 funds opened new Light & Wonder positions in Q1 2021 and 29 closed out, a net change of +1 holder.
- The largest Light & Wonder buyer in Q1 2021 was Nantahala Capital Management, an estimated $49.6M added.
- The largest Light & Wonder seller in Q1 2021 was Susquehanna International Group, an estimated $66.7M sold.
Based on aggregated 13F filings for Q1 2021.