Light & Wonder
LNW was delisted on the 12th of November, 2025.
264 hedge funds and large institutions have $7.42B invested in Light & Wonder in 2024 Q1 according to their latest regulatory filings, with 43 funds opening new positions, 87 increasing their positions, 101 reducing their positions, and 37 closing their positions.
73% more call options, than puts
Call options by funds: $38.8M | Put options by funds: $22.5M
25% more capital invested
Capital invested by funds: $5.95B → $7.42B (+$1.47B)
16% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 37
1% more funds holding
Funds holding: 261 → 264 (+3)
0.47% more ownership
Funds ownership: 80.53% → 81% (+0.47%)
14% less repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 101
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$138M |
| 2 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$36.1M |
| 3 |
Ninety One (UK)
London,
United Kingdom
|
+$36.1M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$35.1M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$29.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HMC
Harvard Management Company
Boston,
Massachusetts
|
-$77.2M |
| 2 |
CIA
Caledonia Investments (Australia)
Sydney NSW,
Australia
|
-$72.8M |
| 3 |
N
Natixis
Paris,
France
|
-$34.6M |
| 4 |
FCP
Fine Capital Partners
New York
|
-$28.3M |
| 5 |
Nomura Holdings
Tokyo,
Japan
|
-$23.2M |
LNW Hedge Fund Activity: Q1 2024 in Review
264 of the 6,961 institutional investors tracked by Wall St. Rank reported a position in Light & Wonder (LNW) for Q1 2024, worth a combined $7.42B — up 25% from $5.95B a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new LNW positions and 37 closed out — a net gain of 6 holders — while 87 added to existing stakes and 101 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $138M. The largest seller was Harvard Management Company, cutting an estimated $77.2M.
- 264 institutional investors held Light & Wonder (LNW) as of Q1 2024, up from 261 in Q4 2023.
- Funds reported $7.42B of Light & Wonder stock for Q1 2024, up 25% quarter-over-quarter.
- 43 funds opened new Light & Wonder positions in Q1 2024 and 37 closed out, a net change of +6 holders.
- The largest Light & Wonder buyer in Q1 2024 was Goldman Sachs, an estimated $138M added.
- The largest Light & Wonder seller in Q1 2024 was Harvard Management Company, an estimated $77.2M sold.
Based on aggregated 13F filings for Q1 2024.