Light & Wonder
LNW was delisted on the 12th of November, 2025.
164 hedge funds and large institutions have $550M invested in Light & Wonder in 2020 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 54 increasing their positions, 63 reducing their positions, and 46 closing their positions.
463% more call options, than puts
Call options by funds: $71.1M | Put options by funds: $12.6M
1.82% less ownership
Funds ownership: 62.26% → 60.44% (-1.8%)
14% less repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 63
15% less funds holding
Funds holding: 192 → 164 (-28)
52% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 46
65% less capital invested
Capital invested by funds: $1.55B → $550M (-$1B)
71% less funds holding in top 10
Funds holding in top 10: 7 → 2 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$54.9M |
| 2 |
Goldman Sachs
New York
|
+$46.3M |
| 3 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$8.17M |
| 4 |
Russell Investments Group
London,
United Kingdom
|
+$7.1M |
| 5 |
PP
PDT Partners
New York
|
+$4.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Greenlight Capital
New York
|
-$30.2M |
| 2 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$15.9M |
| 3 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$13.4M |
| 4 |
Two Sigma Investments
New York
|
-$12M |
| 5 |
SHCM
Stone House Capital Management
Bay Harbor Islands,
Florida
|
-$10M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LPWM
201
Lake Point Wealth Management
Rockwall,
Texas
| – | -$5K | -200 | Closed |
|
202
US Bancorp
Minneapolis,
Minnesota
| – | -$2.7K | -132 | -96% |
|
|
GAM
203
Gemmer Asset Management
Walnut Creek,
California
| – | -$3K | -126 | Closed |
|
|
HGWM
204
Harvest Group Wealth Management
Waltham,
Massachusetts
| – | -$1K | -46 | Closed |
|
|
EI
205
Ellevest Inc
New York
| – | +$286 | +14 | New |
|
206
AssetMark Inc
Concord,
California
| – | +$430 | +21 | New |
|
|
QCG
207
Quadrant Capital Group
Cincinnati,
Ohio
| – | +$920 | +45 | +563% |
|
LNW Hedge Fund Activity: Q1 2020 in Review
164 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Light & Wonder (LNW) for Q1 2020, worth a combined $550M — down 65% from $1.55B a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of LNW and 22 opened new positions — a net loss of 24 holders — while 63 trimmed existing stakes and 54 added.
The largest buyer was Morgan Stanley, adding an estimated $54.9M. The largest seller was Greenlight Capital, exiting entirely with an estimated $30.2M sold.
- 164 institutional investors held Light & Wonder (LNW) as of Q1 2020, down from 192 in Q4 2019.
- Funds reported $550M of Light & Wonder stock for Q1 2020, down 65% quarter-over-quarter.
- 22 funds opened new Light & Wonder positions in Q1 2020 and 46 closed out, a net change of -24 holders.
- The largest Light & Wonder buyer in Q1 2020 was Morgan Stanley, an estimated $54.9M added.
- The largest Light & Wonder seller in Q1 2020 was Greenlight Capital, an estimated $30.2M sold.
Based on aggregated 13F filings for Q1 2020.