Local Bounti
LOCL
25 hedge funds and large institutions have $2.65M invested in Local Bounti in 2023 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 4 increasing their positions, 9 reducing their positions, and 9 closing their positions.
2.25% less ownership
Funds ownership: 15.41% → 13.16% (-2.3%)
19% less funds holding
Funds holding: 31 → 25 (-6)
22% less capital invested
Capital invested by funds: $3.4M → $2.65M (-$750K)
56% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 9
67% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
+$691K |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
+$20.5K |
| 3 |
SDWIA
Schwarz Dygos Wheeler Investment Advisors
Minneapolis,
Minnesota
|
+$6.46K |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$2.73K |
| 5 |
GRP
Global Retirement Partners
San Rafael,
California
|
+$1.45K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BNP Paribas Asset Management
Paris,
France
|
-$804K |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$213K |
| 3 |
Goldman Sachs
New York
|
-$66.8K |
| 4 |
YIH
Y-Intercept (HK)
Hong Kong
|
-$62.7K |
| 5 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$37.3K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
YIH
26
Y-Intercept (HK)
Hong Kong
| – | -$62.7K | -23,037 | Closed |
|
|
CSS
27
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$37.3K | -13,720 | Closed |
|
28
Point72 Asset Management
Stamford,
Connecticut
| – | -$4.23K | -1,557 | Closed |
|
29
RhumbLine Advisers
Boston,
Massachusetts
| – | -$3.75K | -1,380 | Closed |
|
|
TRCT
30
Tower Research Capital (TRC)
New York
| – | -$1.34K | -494 | Closed |
|
31
New York State Common Retirement Fund
Albany,
New York
| – | -$114 | -42 | Closed |
|
32
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$3 | -1 | Closed |
|
LOCL Hedge Fund Activity: Q3 2023 in Review
25 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Local Bounti (LOCL) for Q3 2023, worth a combined $2.65M — down 22% from $3.4M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of LOCL and 3 opened new positions — a net loss of 6 holders — while 9 trimmed existing stakes and 4 added.
The largest buyer was Cresset Asset Management, opening a new position worth an estimated $691K. The largest seller was BNP Paribas Asset Management, cutting an estimated $804K.
- 25 institutional investors held Local Bounti (LOCL) as of Q3 2023, down from 31 in Q2 2023.
- Funds reported $2.65M of Local Bounti stock for Q3 2023, down 22% quarter-over-quarter.
- 3 funds opened new Local Bounti positions in Q3 2023 and 9 closed out, a net change of -6 holders.
- The largest Local Bounti buyer in Q3 2023 was Cresset Asset Management, an estimated $691K added.
- The largest Local Bounti seller in Q3 2023 was BNP Paribas Asset Management, an estimated $804K sold.
Based on aggregated 13F filings for Q3 2023.