La-Z-Boy
LZB
164 hedge funds and large institutions have $1.19B invested in La-Z-Boy in 2014 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 42 increasing their positions, 71 reducing their positions, and 24 closing their positions.
38% more capital invested
Capital invested by funds: $865M → $1.19B (+$328M)
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
17% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 24
2.64% more ownership
Funds ownership: 83.29% → 85.93% (+2.6%)
1% more funds holding
Funds holding: 163 → 164 (+1)
29% less call options, than puts
Call options by funds: $768K | Put options by funds: $1.08M
41% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 71
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$39.4M |
| 2 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
+$18.8M |
| 3 |
FMA
Fiduciary Management Associates
Chicago,
Illinois
|
+$14.4M |
| 4 |
RIA
Regal Investment Advisors
Kentwood,
Michigan
|
+$12.8M |
| 5 |
IAM
Impala Asset Management
Palm Beach,
Florida
|
+$12.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$13M |
| 2 |
Renaissance Technologies
New York
|
-$8.91M |
| 3 |
PCMI
Paradigm Capital Management Inc
Albany,
New York
|
-$8.03M |
| 4 |
RA
Royce & Associates
New York
|
-$4.94M |
| 5 |
GAM
Gotham Asset Management
New York
|
-$4.76M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CAM
176
ClariVest Asset Management
San Diego,
California
| – | -$255K | -12,900 | Closed |
|
|
PC
177
Passport Capital
San Francisco,
California
| – | -$250K | -12,644 | Closed |
|
|
LCM
178
Landscape Capital Management
Englewood,
New Jersey
| – | -$226K | -11,400 | Closed |
|
|
PCP
179
Perimeter Capital Partners
Atlanta,
Georgia
| – | -$198K | -10,014 | Closed |
|
|
PG
180
PEAK6 Group
Chicago,
Illinois
| – | -$190K | -9,610 | Closed |
|
|
PCM
181
Prelude Capital Management
New York
| – | -$129K | -6,500 | Closed |
|
182
BNP Paribas Financial Markets
Paris,
France
| – | -$71.6K | -3,617 | Closed |
|
|
TRCT
183
Tower Research Capital (TRC)
New York
| – | -$57K | -2,874 | Closed |
|
184
Group One Trading
Chicago,
Illinois
| – | -$37.8K | -1,600 | Closed |
|
|
NFG
185
Next Financial Group
Houston,
Texas
| – | -$10K | -500 | Closed |
|
|
KT
186
Kanaly Trust
Houston,
Texas
| – | -$3K | -144 | Closed |
|
|
PTC
187
Private Trust Company
Cleveland,
Ohio
| – | -$2K | -83 | Closed |
|
188
Envestnet Asset Management
Chicago,
Illinois
| – | +$142 | +6 | New |
|
LZB Hedge Fund Activity: Q4 2014 in Review
164 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in La-Z-Boy (LZB) for Q4 2014, worth a combined $1.19B — up 38% from $865M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new LZB positions and 24 closed out — a net gain of 4 holders — while 42 added to existing stakes and 71 trimmed.
The largest buyer was Victory Capital Management, adding an estimated $39.4M. The largest seller was Polar Asset Management Partners, cutting an estimated $13M.
- 164 institutional investors held La-Z-Boy (LZB) as of Q4 2014, up from 163 in Q3 2014.
- Funds reported $1.19B of La-Z-Boy stock for Q4 2014, up 38% quarter-over-quarter.
- 28 funds opened new La-Z-Boy positions in Q4 2014 and 24 closed out, a net change of +4 holders.
- The largest La-Z-Boy buyer in Q4 2014 was Victory Capital Management, an estimated $39.4M added.
- The largest La-Z-Boy seller in Q4 2014 was Polar Asset Management Partners, an estimated $13M sold.
Based on aggregated 13F filings for Q4 2014.