Local Bounti
LOCL
31 hedge funds and large institutions have $3.4M invested in Local Bounti in 2023 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 5 increasing their positions, 17 reducing their positions, and 28 closing their positions.
13.84% more ownership
Funds ownership: 1.57% → 15.41% (+14%)
45% less funds holding
Funds holding: 56 → 31 (-25)
71% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 17
80% less capital invested
Capital invested by funds: $16.9M → $3.4M (-$13.4M)
86% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$216K |
| 2 |
Goldman Sachs
New York
|
+$132K |
| 3 |
YIH
Y-Intercept (HK)
Hong Kong
|
+$131K |
| 4 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$78.1K |
| 5 |
BNP Paribas Asset Management
Paris,
France
|
+$55.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$1.34M |
| 2 |
State Street
Boston,
Massachusetts
|
-$452K |
| 3 |
Northern Trust
Chicago,
Illinois
|
-$395K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$209K |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
-$146K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AB
51
Amalgamated Bank
New York
| – | -$4.49K | -788 | -100% |
|
52
T. Rowe Price Associates
Baltimore,
Maryland
| – | -$9K | -774 | Closed |
|
53
Creative Planning
Overland Park,
Kansas
| – | -$7.97K | -769 | Closed |
|
54
Stifel Financial
St. Louis,
Missouri
| – | -$7.97K | -769 | Closed |
|
55
Legal & General Group
London,
United Kingdom
| – | -$6.29K | -607 | Closed |
|
|
BAM
56
Belpointe Asset Management
Reno,
Nevada
| – | -$1.2K | -115 | Closed |
|
|
AIP
57
Ameritas Investment Partners
Lincoln,
Nebraska
| – | -$1.12K | -108 | Closed |
|
|
TWA
58
TCI Wealth Advisors
Tucson,
Arizona
| – | -$160 | -15 | Closed |
|
LOCL Hedge Fund Activity: Q2 2023 in Review
31 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Local Bounti (LOCL) for Q2 2023, worth a combined $3.4M — down 80% from $16.9M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of LOCL and 4 opened new positions — a net loss of 24 holders — while 17 trimmed existing stakes and 5 added.
The largest buyer was Millennium Management, opening a new position worth an estimated $216K. The largest seller was BlackRock, cutting an estimated $1.34M.
- 31 institutional investors held Local Bounti (LOCL) as of Q2 2023, down from 56 in Q1 2023.
- Funds reported $3.4M of Local Bounti stock for Q2 2023, down 80% quarter-over-quarter.
- 4 funds opened new Local Bounti positions in Q2 2023 and 28 closed out, a net change of -24 holders.
- The largest Local Bounti buyer in Q2 2023 was Millennium Management, an estimated $216K added.
- The largest Local Bounti seller in Q2 2023 was BlackRock, an estimated $1.34M sold.
Based on aggregated 13F filings for Q2 2023.