Light & Wonder
LNW was delisted on the 12th of November, 2025.
260 hedge funds and large institutions have $5.18B invested in Light & Wonder in 2024 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 64 increasing their positions, 129 reducing their positions, and 54 closing their positions.
156% more call options, than puts
Call options by funds: $40.8M | Put options by funds: $15.9M
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
2.38% less ownership
Funds ownership: 70.29% → 67.92% (-2.4%)
8% less capital invested
Capital invested by funds: $5.66B → $5.18B (-$480M)
9% less funds holding
Funds holding: 287 → 260 (-27)
43% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 54
50% less repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 129
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PWAM
Park West Asset Management
San Francisco,
California
|
+$50.2M |
| 2 |
UBS Group
Zurich,
Switzerland
|
+$39.5M |
| 3 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$17.4M |
| 4 |
ECM
Engine Capital Management
New York
|
+$15.1M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$14.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$55M |
| 2 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
-$39.4M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$39.3M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$31.4M |
| 5 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$25.3M |
LNW Hedge Fund Activity: Q4 2024 in Review
260 of the 7,597 institutional investors tracked by Wall St. Rank reported a position in Light & Wonder (LNW) for Q4 2024, worth a combined $5.18B — down 8.5% from $5.66B a quarter earlier.
Sellers outnumbered buyers: 54 funds closed out of LNW and 31 opened new positions — a net loss of 23 holders — while 129 trimmed existing stakes and 64 added.
The largest buyer was Park West Asset Management, opening a new position worth an estimated $50.2M. The largest seller was Capital Research Global Investors, cutting an estimated $55M.
- 260 institutional investors held Light & Wonder (LNW) as of Q4 2024, down from 287 in Q3 2024.
- Funds reported $5.18B of Light & Wonder stock for Q4 2024, down 8.5% quarter-over-quarter.
- 31 funds opened new Light & Wonder positions in Q4 2024 and 54 closed out, a net change of -23 holders.
- The largest Light & Wonder buyer in Q4 2024 was Park West Asset Management, an estimated $50.2M added.
- The largest Light & Wonder seller in Q4 2024 was Capital Research Global Investors, an estimated $55M sold.
Based on aggregated 13F filings for Q4 2024.