Light & Wonder
LNW was delisted on the 12th of November, 2025.
184 hedge funds and large institutions have $1.25B invested in Light & Wonder in 2019 Q1 according to their latest regulatory filings, with 35 funds opening new positions, 66 increasing their positions, 61 reducing their positions, and 21 closing their positions.
441% more call options, than puts
Call options by funds: $254M | Put options by funds: $46.9M
67% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 21
10% more capital invested
Capital invested by funds: $1.13B → $1.25B (+$116M)
6% more funds holding
Funds holding: 173 → 184 (+11)
8% more repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 61
2.79% less ownership
Funds ownership: 69.06% → 66.27% (-2.8%)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JCAM
Jericho Capital Asset Management
New York
|
+$49.4M |
| 2 |
Millennium Management
New York
|
+$12.3M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$8.52M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$7.14M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$5.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EAM
EastBay Asset Management
New York
|
-$39.6M |
| 2 |
ICM
Indaba Capital Management
San Francisco,
California
|
-$22.9M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$21.6M |
| 4 |
SHCM
Stone House Capital Management
Bay Harbor Islands,
Florida
|
-$18.9M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$12.6M |
LNW Hedge Fund Activity: Q1 2019 in Review
184 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Light & Wonder (LNW) for Q1 2019, worth a combined $1.25B — up 10% from $1.13B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new LNW positions and 21 closed out — a net gain of 14 holders — while 66 added to existing stakes and 61 trimmed.
The largest buyer was Jericho Capital Asset Management, opening a new position worth an estimated $49.4M. The largest seller was EastBay Asset Management, cutting an estimated $39.6M.
- 184 institutional investors held Light & Wonder (LNW) as of Q1 2019, up from 173 in Q4 2018.
- Funds reported $1.25B of Light & Wonder stock for Q1 2019, up 10% quarter-over-quarter.
- 35 funds opened new Light & Wonder positions in Q1 2019 and 21 closed out, a net change of +14 holders.
- The largest Light & Wonder buyer in Q1 2019 was Jericho Capital Asset Management, an estimated $49.4M added.
- The largest Light & Wonder seller in Q1 2019 was EastBay Asset Management, an estimated $39.6M sold.
Based on aggregated 13F filings for Q1 2019.