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LNW

Light & Wonder

Delisted

LNW was delisted on the 12th of November, 2025.

281 hedge funds and large institutions have $5.14B invested in Light & Wonder in 2025 Q1 according to their latest regulatory filings, with 64 funds opening new positions, 94 increasing their positions, 94 reducing their positions, and 42 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more first-time investments, than exits

New positions opened: 64 | Existing positions closed: 42

51% more call options, than puts

Call options by funds: $33.4M | Put options by funds: $22.1M

17% more funds holding in top 10

Funds holding in top 10: 67 (+1)

8% more funds holding

Funds holding: 260281 (+21)

2.32% more ownership

Funds ownership: 67.92%70.24% (+2.3%)

0% more repeat investments, than reductions

Existing positions increased: 94 | Existing positions reduced: 94

1% less capital invested

Capital invested by funds: $5.18B → $5.14B (-$40.5M)

Holders
281
Holders Change
+21
Holders Change %
+8.08%
% of All Funds
3.77%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.09%
New
64
Increased
94
Reduced
94
Closed
42
Calls
$33.4M
Puts
$22.1M
Net Calls
+$11.3M
Net Calls Change
-$13.6M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$725M +$3.79M +39,395 +0.5%
Vanguard Group
2
Vanguard Group
Pennsylvania
$708M -$30.9M -320,906 -4%
FCP
3
Fine Capital Partners
New York
$675M +$6.89M +71,589 +0.9%
State Street
4
State Street
Massachusetts
$237M +$485K +5,040 +0.2%
CIA
5
Caledonia Investments (Australia)
Australia
$224M -$14M -145,448 -5%
Morgan Stanley
6
Morgan Stanley
New York
$200M -$7.62M -79,113 -3%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$145M +$8.59M +89,228 +6%
BAM
8
Burgundy Asset Management
Ontario, Canada
$136M +$9.83M +102,051 +7%
Bessemer Group
9
Bessemer Group
New Jersey
$136M +$115M +1,199,213 +322%
Capital Research Global Investors
10
Capital Research Global Investors
California
$117M -$24.6M -255,404 -16%
Ninety One (UK)
11
Ninety One (UK)
United Kingdom
$102M +$40.9M +425,202 +57%
Norges Bank
12
Norges Bank
Norway
$91.9M
HMC
13
Harvard Management Company
Massachusetts
$91.7M -$36.9M -382,805 -27%
Fidelity Investments
14
Fidelity Investments
Massachusetts
$88.1M -$39.6M -411,395 -29%
T. Rowe Price Associates
15
T. Rowe Price Associates
Maryland
$78.1M +$334K +3,472 +0.4%
SHCM
16
Stone House Capital Management
Florida
$77.9M -$28.9M -300,000 -25%
UBS Group
17
UBS Group
Switzerland
$66.2M +$9.07M +94,145 +14%
Charles Schwab
18
Charles Schwab
California
$63.6M +$726K +7,544 +1%
Dimensional Fund Advisors
19
Dimensional Fund Advisors
Texas
$62.9M +$100K +1,039 +0.1%
Northern Trust
20
Northern Trust
Illinois
$61.5M -$1.65M -17,163 -2%
ClearBridge Investments
21
ClearBridge Investments
New York
$60.4M +$39.4M +409,146 +142%
Deutsche Bank
22
Deutsche Bank
Germany
$51.7M -$28M -290,461 -33%
Bank of New York Mellon
23
Bank of New York Mellon
New York
$50.5M -$1.43M -14,869 -2%
IG
24
ING Group
Netherlands
$50.5M +$1.05M +10,926 +2%
D.E. Shaw & Co
25
D.E. Shaw & Co
New York
$34.3M +$919K +9,547 +2%

LNW Hedge Fund Activity: Q1 2025 in Review

281 of the 7,463 institutional investors tracked by Wall St. Rank reported a position in Light & Wonder (LNW) for Q1 2025, worth a combined $5.14B — down 0.78% from $5.18B a quarter earlier.

Buyers outnumbered sellers: 64 funds opened new LNW positions and 42 closed out — a net gain of 22 holders — while 94 added to existing stakes and 94 trimmed.

The largest buyer was Bessemer Group, adding an estimated $115M. The largest seller was Arrowstreet Capital, cutting an estimated $46.5M.

  • 281 institutional investors held Light & Wonder (LNW) as of Q1 2025, up from 260 in Q4 2024.
  • Funds reported $5.14B of Light & Wonder stock for Q1 2025, down 0.78% quarter-over-quarter.
  • 64 funds opened new Light & Wonder positions in Q1 2025 and 42 closed out, a net change of +22 holders.
  • The largest Light & Wonder buyer in Q1 2025 was Bessemer Group, an estimated $115M added.
  • The largest Light & Wonder seller in Q1 2025 was Arrowstreet Capital, an estimated $46.5M sold.

Based on aggregated 13F filings for Q1 2025.