Light & Wonder
LNW was delisted on the 12th of November, 2025.
281 hedge funds and large institutions have $5.14B invested in Light & Wonder in 2025 Q1 according to their latest regulatory filings, with 64 funds opening new positions, 94 increasing their positions, 94 reducing their positions, and 42 closing their positions.
52% more first-time investments, than exits
New positions opened: 64 | Existing positions closed: 42
51% more call options, than puts
Call options by funds: $33.4M | Put options by funds: $22.1M
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
8% more funds holding
Funds holding: 260 → 281 (+21)
2.32% more ownership
Funds ownership: 67.92% → 70.24% (+2.3%)
0% more repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 94
1% less capital invested
Capital invested by funds: $5.18B → $5.14B (-$40.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bessemer Group
Woodbridge,
New Jersey
|
+$115M |
| 2 |
Ninety One (UK)
London,
United Kingdom
|
+$40.9M |
| 3 |
ClearBridge Investments
New York
|
+$39.4M |
| 4 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$36.5M |
| 5 |
BPIA
Broad Peak Investment Advisers
Singapore
|
+$23.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$46.5M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$42M |
| 3 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$40.9M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$39.6M |
| 5 |
HMC
Harvard Management Company
Boston,
Massachusetts
|
-$36.9M |
LNW Hedge Fund Activity: Q1 2025 in Review
281 of the 7,463 institutional investors tracked by Wall St. Rank reported a position in Light & Wonder (LNW) for Q1 2025, worth a combined $5.14B — down 0.78% from $5.18B a quarter earlier.
Buyers outnumbered sellers: 64 funds opened new LNW positions and 42 closed out — a net gain of 22 holders — while 94 added to existing stakes and 94 trimmed.
The largest buyer was Bessemer Group, adding an estimated $115M. The largest seller was Arrowstreet Capital, cutting an estimated $46.5M.
- 281 institutional investors held Light & Wonder (LNW) as of Q1 2025, up from 260 in Q4 2024.
- Funds reported $5.14B of Light & Wonder stock for Q1 2025, down 0.78% quarter-over-quarter.
- 64 funds opened new Light & Wonder positions in Q1 2025 and 42 closed out, a net change of +22 holders.
- The largest Light & Wonder buyer in Q1 2025 was Bessemer Group, an estimated $115M added.
- The largest Light & Wonder seller in Q1 2025 was Arrowstreet Capital, an estimated $46.5M sold.
Based on aggregated 13F filings for Q1 2025.