Light & Wonder
LNW was delisted on the 12th of November, 2025.
171 hedge funds and large institutions have $881M invested in Light & Wonder in 2020 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 62 increasing their positions, 51 reducing their positions, and 26 closing their positions.
583% more call options, than puts
Call options by funds: $121M | Put options by funds: $17.8M
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
60% more capital invested
Capital invested by funds: $550M → $881M (+$331M)
31% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 26
22% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 51
5% more funds holding
Funds holding: 163 → 171 (+8)
0.1% less ownership
Funds ownership: 60.43% → 60.33% (-0.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$20.3M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$17.2M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$9.14M |
| 4 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$8.36M |
| 5 |
Neuberger Berman Group
New York
|
+$7.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$34.7M |
| 2 |
Goldman Sachs
New York
|
-$31.4M |
| 3 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
-$11.6M |
| 4 |
JP Morgan Chase
New York
|
-$2.97M |
| 5 |
BCM
Bluefin Capital Management
New York
|
-$2.37M |
LNW Hedge Fund Activity: Q2 2020 in Review
171 of the 4,889 institutional investors tracked by Wall St. Rank reported a position in Light & Wonder (LNW) for Q2 2020, worth a combined $881M — up 60% from $550M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new LNW positions and 26 closed out — a net gain of 8 holders — while 62 added to existing stakes and 51 trimmed.
The largest buyer was Millennium Management, adding an estimated $20.3M. The largest seller was Morgan Stanley, cutting an estimated $34.7M.
- 171 institutional investors held Light & Wonder (LNW) as of Q2 2020, up from 163 in Q1 2020.
- Funds reported $881M of Light & Wonder stock for Q2 2020, up 60% quarter-over-quarter.
- 34 funds opened new Light & Wonder positions in Q2 2020 and 26 closed out, a net change of +8 holders.
- The largest Light & Wonder buyer in Q2 2020 was Millennium Management, an estimated $20.3M added.
- The largest Light & Wonder seller in Q2 2020 was Morgan Stanley, an estimated $34.7M sold.
Based on aggregated 13F filings for Q2 2020.