Light & Wonder
LNW was delisted on the 12th of November, 2025.
173 hedge funds and large institutions have $1.13B invested in Light & Wonder in 2018 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 70 increasing their positions, 54 reducing their positions, and 41 closing their positions.
738% more call options, than puts
Call options by funds: $341M | Put options by funds: $40.7M
30% more repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 54
2.34% more ownership
Funds ownership: 66.72% → 69.06% (+2.3%)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
6% less funds holding
Funds holding: 184 → 173 (-11)
24% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 41
27% less capital invested
Capital invested by funds: $1.55B → $1.13B (-$417M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCP
Fine Capital Partners
New York
|
+$41.9M |
| 2 |
ICM
Indaba Capital Management
San Francisco,
California
|
+$25.9M |
| 3 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
+$16.9M |
| 4 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
+$16.3M |
| 5 |
Nomura Holdings
Tokyo,
Japan
|
+$11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$23.2M |
| 2 |
AC
Armistice Capital
New York
|
-$22.9M |
| 3 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$21.4M |
| 4 |
YCM
Yost Capital Management
Houston,
Texas
|
-$13.7M |
| 5 |
EAM
EastBay Asset Management
New York
|
-$10.7M |
LNW Hedge Fund Activity: Q4 2018 in Review
173 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Light & Wonder (LNW) for Q4 2018, worth a combined $1.13B — down 27% from $1.55B a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of LNW and 31 opened new positions — a net loss of 10 holders — while 54 trimmed existing stakes and 70 added.
The largest buyer was Fine Capital Partners, adding an estimated $41.9M. The largest seller was Fidelity Investments, cutting an estimated $23.2M.
- 173 institutional investors held Light & Wonder (LNW) as of Q4 2018, down from 184 in Q3 2018.
- Funds reported $1.13B of Light & Wonder stock for Q4 2018, down 27% quarter-over-quarter.
- 31 funds opened new Light & Wonder positions in Q4 2018 and 41 closed out, a net change of -10 holders.
- The largest Light & Wonder buyer in Q4 2018 was Fine Capital Partners, an estimated $41.9M added.
- The largest Light & Wonder seller in Q4 2018 was Fidelity Investments, an estimated $23.2M sold.
Based on aggregated 13F filings for Q4 2018.