La-Z-Boy
188 hedge funds and large institutions have $1.13B invested in La-Z-Boy in 2017 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 69 increasing their positions, 68 reducing their positions, and 42 closing their positions.
1% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 68
2.53% less ownership
Funds ownership: 89.97% → 87.44% (-2.5%)
12% less funds holding
Funds holding: 214 → 188 (-26)
20% less capital invested
Capital invested by funds: $1.41B → $1.13B (-$278M)
42% less call options, than puts
Call options by funds: $1.11M | Put options by funds: $1.91M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
55% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 42
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Boston Partners
Boston,
Massachusetts
|
+$8.67M |
| 2 |
NI
Numeric Investors
Boston,
Massachusetts
|
+$8.33M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$6.89M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$6.37M |
| 5 |
SAM
Silvercrest Asset Management
New York
|
+$5.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$15.5M |
| 2 |
Two Sigma Investments
New York
|
-$12.9M |
| 3 |
TA
Teachers Advisors
New York
|
-$12.3M |
| 4 |
Millennium Management
New York
|
-$11.5M |
| 5 |
JP Morgan Chase
New York
|
-$8.33M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIM
226
Acrospire Investment Management
Chicago,
Illinois
| – | -$42K | -1,279 | Closed |
|
|
PMFA
227
Plante Moran Financial Advisors
Southfield,
Michigan
| – | -$13K | -400 | Closed |
|
228
Group One Trading
Chicago,
Illinois
| – | -$12K | -368 | Closed |
|
|
MPWT
229
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| – | -$6.01K | -185 | Closed |
|
|
BTIS
230
BB&T Investment Services
Charlotte,
North Carolina
| – | -$2K | -56 | Closed |
|
LZB Hedge Fund Activity: Q3 2017 in Review
188 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in La-Z-Boy (LZB) for Q3 2017, worth a combined $1.13B — down 20% from $1.41B a quarter earlier.
Sellers outnumbered buyers: 42 funds closed out of LZB and 19 opened new positions — a net loss of 23 holders — while 68 trimmed existing stakes and 69 added.
The largest buyer was Boston Partners, adding an estimated $8.67M. The largest seller was Franklin Resources, cutting an estimated $15.5M.
- 188 institutional investors held La-Z-Boy (LZB) as of Q3 2017, down from 214 in Q2 2017.
- Funds reported $1.13B of La-Z-Boy stock for Q3 2017, down 20% quarter-over-quarter.
- 19 funds opened new La-Z-Boy positions in Q3 2017 and 42 closed out, a net change of -23 holders.
- The largest La-Z-Boy buyer in Q3 2017 was Boston Partners, an estimated $8.67M added.
- The largest La-Z-Boy seller in Q3 2017 was Franklin Resources, an estimated $15.5M sold.
Based on aggregated 13F filings for Q3 2017.