Light & Wonder
LNW was delisted on the 12th of November, 2025.
233 hedge funds and large institutions have $7.61B invested in Light & Wonder in 2021 Q3 according to their latest regulatory filings, with 43 funds opening new positions, 96 increasing their positions, 70 reducing their positions, and 20 closing their positions.
449% more call options, than puts
Call options by funds: $203M | Put options by funds: $37M
115% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 20
37% more repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 70
18% more capital invested
Capital invested by funds: $6.47B → $7.61B (+$1.14B)
10% more funds holding
Funds holding: 211 → 233 (+22)
10% more funds holding in top 10
Funds holding in top 10: 10 → 11 (+1)
7.97% more ownership
Funds ownership: 87.21% → 95.19% (+8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SHCM
Stone House Capital Management
Bay Harbor Islands,
Florida
|
+$190M |
| 2 |
N
Natixis
Paris,
France
|
+$163M |
| 3 |
BlackRock
New York
|
+$105M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$59.1M |
| 5 |
IG
ING Group
Amsterdam,
Netherlands
|
+$50.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
-$143M |
| 2 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
-$89.9M |
| 3 |
HSBC Holdings
London,
United Kingdom
|
-$49.9M |
| 4 |
Morgan Stanley
New York
|
-$32.6M |
| 5 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
-$23.4M |
LNW Hedge Fund Activity: Q3 2021 in Review
233 of the 5,713 institutional investors tracked by Wall St. Rank reported a position in Light & Wonder (LNW) for Q3 2021, worth a combined $7.61B — up 18% from $6.47B a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new LNW positions and 20 closed out — a net gain of 23 holders — while 96 added to existing stakes and 70 trimmed.
The largest buyer was Stone House Capital Management, opening a new position worth an estimated $190M. The largest seller was Public Sector Pension Investment Board (PSP Investments), exiting entirely with an estimated $143M sold.
- 233 institutional investors held Light & Wonder (LNW) as of Q3 2021, up from 211 in Q2 2021.
- Funds reported $7.61B of Light & Wonder stock for Q3 2021, up 18% quarter-over-quarter.
- 43 funds opened new Light & Wonder positions in Q3 2021 and 20 closed out, a net change of +23 holders.
- The largest Light & Wonder buyer in Q3 2021 was Stone House Capital Management, an estimated $190M added.
- The largest Light & Wonder seller in Q3 2021 was Public Sector Pension Investment Board (PSP Investments), an estimated $143M sold.
Based on aggregated 13F filings for Q3 2021.