Light & Wonder
LNW was delisted on the 12th of November, 2025.
137 hedge funds and large institutions have $595M invested in Light & Wonder in 2015 Q4 according to their latest regulatory filings, with 25 funds opening new positions, 48 increasing their positions, 43 reducing their positions, and 29 closing their positions.
647% more call options, than puts
Call options by funds: $186M | Put options by funds: $24.9M
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
12% more repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 43
2.71% more ownership
Funds ownership: 73.93% → 76.64% (+2.7%)
4% less funds holding
Funds holding: 143 → 137 (-6)
11% less capital invested
Capital invested by funds: $669M → $595M (-$73.9M)
14% less first-time investments, than exits
New positions opened: 25 | Existing positions closed: 29
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$9.66M |
| 2 |
PRCM
Pine River Capital Management
Minnetonka,
Minnesota
|
+$6.04M |
| 3 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$3.95M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$3.85M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$3.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Brigade Capital Management
New York
|
-$13.7M |
| 2 |
HCM
Highline Capital Management
New York
|
-$9.74M |
| 3 |
HT
HAP Trading
New York
|
-$9.42M |
| 4 |
KKRC
Kohlberg Kravis Roberts & Co
New York
|
-$7.94M |
| 5 |
GC
Greenlight Capital
New York
|
-$5.61M |
LNW Hedge Fund Activity: Q4 2015 in Review
137 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Light & Wonder (LNW) for Q4 2015, worth a combined $595M — down 11% from $669M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of LNW and 25 opened new positions — a net loss of 4 holders — while 43 trimmed existing stakes and 48 added.
The largest buyer was PAR Capital Management, adding an estimated $9.66M. The largest seller was Brigade Capital Management, exiting entirely with an estimated $13.7M sold.
- 137 institutional investors held Light & Wonder (LNW) as of Q4 2015, down from 143 in Q3 2015.
- Funds reported $595M of Light & Wonder stock for Q4 2015, down 11% quarter-over-quarter.
- 25 funds opened new Light & Wonder positions in Q4 2015 and 29 closed out, a net change of -4 holders.
- The largest Light & Wonder buyer in Q4 2015 was PAR Capital Management, an estimated $9.66M added.
- The largest Light & Wonder seller in Q4 2015 was Brigade Capital Management, an estimated $13.7M sold.
Based on aggregated 13F filings for Q4 2015.