Who owns LB (LB)
Which tracked institutional funds hold LB, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See LB company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on LB is one-sided between 2025-Q4 and 2026-Q1: 88 added or opened and 17 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
LB’s largest tracked holder by dollar value, FIRST MANHATTAN CO. LLC., sizes it at 1.9% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.8pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in LB divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 186 tracked filers holding LB, 136 increased or opened the position and 58 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in LB between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 19
- VANGUARD PORTFOLIO MANAGEMENT LLC$86M
- ASHFORD CAPITAL MANAGEMENT INC$17M
- Aquatic Capital Management LLC$4M
- Aventail Capital Group, LP$3M
- GSA CAPITAL PARTNERS LLP$2M
- HRT FINANCIAL LP$2M
Full exits 7
- VANGUARD GROUP INC$41M
- ADAGE CAPITAL PARTNERS GP, L.L.C.$5M
- Jefferies Financial Group Inc.$3M
- Yaupon Capital Management LP$3M
- HITE Hedge Asset Management LLC$2M
- TWO SIGMA ADVISERS, LP$970K
Largest adds
- FIRST MANHATTAN CO. LLC.$149M
- HORIZON KINETICS ASSET MANAGEMENT LLC$114M
- FMR LLC$50M
- TWO SIGMA INVESTMENTS, LP$36M
- MARSHALL WACE, LLP$32M
- UBS Group AG$30M
Largest trims
- MORGAN STANLEY$138M
- Annex Advisory Services, LLC$12M
- GOLDMAN SACHS GROUP INC$9M
- MILLENNIUM MANAGEMENT LLC$6M
- Cinctive Capital Management LP$6M
- Amundi$2M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| FIRST MANHATTAN CO. LLC. added | 7,057,228 | $487M | 23.3% | 2026-Q1 |
| HORIZON KINETICS ASSET MANAGEMENT LLC added | 5,657,134 | $391M | 18.7% | 2026-Q1 |
| MORGAN STANLEY trimmed | 1,475,827 | $102M | 4.9% | 2026-Q1 |
| FMR LLC added | 1,308,596 | $90M | 4.3% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 1,239,898 | $86M | 4.1% | 2026-Q1 |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC added | 887,466 | $61M | 2.9% | 2026-Q1 |
| UBS Group AG added | 633,169 | $44M | 2.1% | 2026-Q1 |
| Hood River Capital Management LLC added | 621,075 | $43M | 2.1% | 2026-Q1 |
| SCHWARTZ INVESTMENT COUNSEL INC | 592,891 | $41M | 2.0% | 2026-Q1 |
| MARSHALL WACE, LLP added | 562,062 | $39M | 1.9% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 545,477 | $38M | 1.8% | 2026-Q1 |
| DF DENT & CO INC added | 497,807 | $34M | 1.6% | 2026-Q1 |
| CORTLAND ASSOCIATES INC/MO trimmed | 398,708 | $28M | 1.3% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 363,112 | $25M | 1.2% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS added | 274,559 | $19M | 0.9% | 2026-Q1 |
| MAD RIVER INVESTORS added | 266,385 | $18M | 0.9% | 2026-Q1 |
| ASHFORD CAPITAL MANAGEMENT INC new | 248,540 | $17M | 0.8% | 2026-Q1 |
| One Charles Private Wealth Services, LLC trimmed | 235,765 | $16M | 0.8% | 2026-Q1 |
| Summit Street Capital Management, LLC | 227,258 | $16M | 0.8% | 2026-Q1 |
| Moors & Cabot, Inc. added | 223,994 | $15M | 0.7% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 214,698 | $15M | 0.7% | 2026-Q1 |
| EagleClaw Capital Managment, LLC added | 208,955 | $14M | 0.7% | 2026-Q1 |
| CITADEL ADVISORS LLC trimmed | 204,233 | $14M | 0.7% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN added | 188,255 | $13M | 0.6% | 2026-Q1 |
| HighTower Advisors, LLC added | 156,909 | $11M | 0.5% | 2026-Q1 |
| SEI INVESTMENTS CO added | 134,720 | $9M | 0.4% | 2026-Q1 |
| Amundi trimmed | 102,085 | $7M | 0.3% | 2026-Q1 |
| TOCQUEVILLE ASSET MANAGEMENT L.P. trimmed | 100,950 | $7M | 0.3% | 2026-Q1 |
| Ghisallo Capital Management LLC added | 100,000 | $7M | 0.3% | 2026-Q1 |
| SEVEN GRAND MANAGERS, LLC | 100,000 | $7M | 0.3% | 2026-Q1 |
| SPROTT INC. added | 98,604 | $7M | 0.3% | 2026-Q1 |
| MSRH, LLC trimmed | 93,756 | $6M | 0.3% | 2026-Q1 |
| CRAWFORD INVESTMENT COUNSEL INC added | 93,497 | $6M | 0.3% | 2026-Q1 |
| Advisory Services Network, LLC added | 90,871 | $6M | 0.3% | 2026-Q1 |
| BlackRock, Inc. added | 87,006 | $6M | 0.3% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 77,666 | $5M | 0.3% | 2026-Q1 |
| one8zero8, LLC added | 77,653 | $5M | 0.3% | 2026-Q1 |
| PROMETHIUM ADVISORS,LLC trimmed | 67,238 | $5M | 0.2% | 2026-Q1 |
| KINGSWOOD WEALTH ADVISORS, LLC added | 65,732 | $5M | 0.2% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 64,933 | $4M | 0.2% | 2026-Q1 |
| Aquatic Capital Management LLC added | 59,785 | $4M | 0.2% | 2026-Q1 |
| VIKING FUND MANAGEMENT LLC trimmed | 56,000 | $4M | 0.2% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 55,181 | $4M | 0.2% | 2026-Q1 |
| Swiss National Bank added | 55,000 | $4M | 0.2% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 44,985 | $3M | 0.1% | 2026-Q1 |
| Aventail Capital Group, LP new | 41,208 | $3M | 0.1% | 2026-Q1 |
| TUDOR INVESTMENT CORP ET AL added | 40,392 | $3M | 0.1% | 2026-Q1 |
| Atlas Wealth Partners, LLC added | 38,030 | $3M | 0.1% | 2026-Q1 |
| OneDigital Investment Advisors LLC added | 35,439 | $2M | 0.1% | 2026-Q1 |
| BARCLAYS PLC added | 30,857 | $2M | 0.1% | 2026-Q1 |
| STATE STREET CORP added | 30,528 | $2M | 0.1% | 2026-Q1 |
| Ipswich Investment Management Co., Inc. added | 30,379 | $2M | 0.1% | 2026-Q1 |
| GSA CAPITAL PARTNERS LLP new | 29,942 | $2M | 0.1% | 2026-Q1 |
| Annex Advisory Services, LLC trimmed | 29,910 | $2M | 0.1% | 2026-Q1 |
| HRT FINANCIAL LP added | 28,478 | $2M | 0.1% | 2026-Q1 |
| Trexquant Investment LP new | 27,924 | $2M | 0.1% | 2026-Q1 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 27,601 | $2M | 0.1% | 2026-Q1 |
| &PARTNERS added | 26,789 | $2M | 0.1% | 2026-Q1 |
| Rockefeller Capital Management L.P. trimmed | 25,995 | $2M | 0.1% | 2026-Q1 |
| Key Client Fiduciary Advisors, LLC trimmed | 25,760 | $2M | 0.1% | 2026-Q1 |
| Point72 Asset Management, L.P. trimmed | 25,265 | $2M | 0.1% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 24,973 | $2M | 0.1% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 23,780 | $2M | 0.1% | 2026-Q1 |
| Massar Capital Management, LP new | 23,162 | $2M | 0.1% | 2026-Q1 |
| BALYASNY ASSET MANAGEMENT L.P. trimmed | 22,892 | $2M | 0.1% | 2026-Q1 |
| Steward Partners Investment Advisory, LLC added | 22,232 | $2M | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 20,618 | $1M | 0.1% | 2026-Q1 |
| Essex Financial Services, Inc. added | 20,343 | $1M | 0.1% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 20,273 | $1M | 0.1% | 2026-Q1 |
| Janney Montgomery Scott LLC trimmed | 19,932 | $1M | 0.1% | 2026-Q1 |
| ExodusPoint Capital Management, LP new | 19,603 | $1M | 0.1% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 18,865 | $1M | 0.1% | 2026-Q1 |
| T. Rowe Price Investment Management, Inc. added | 1,196,138 | $81M | 3.9% | 2025-Q2 stale |
| VANGUARD GROUP INC trimmed | 843,676 | $41M | 2.0% | 2025-Q4 stale |
| Burkehill Global Management, LP | 249,875 | $18M | 0.9% | 2025-Q1 stale |
| Driehaus Capital Management LLC added | 231,580 | $16M | 0.7% | 2025-Q2 stale |
| GILDER GAGNON HOWE & CO LLC trimmed | 185,078 | $13M | 0.6% | 2025-Q1 stale |
| Monashee Investment Management LLC | 124,937 | $9M | 0.4% | 2025-Q1 stale |
| Blackstone Inc. added | 125,000 | $8M | 0.4% | 2025-Q2 stale |
| Bridgewater Associates, LP added | 89,418 | $6M | 0.3% | 2025-Q2 stale |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 80,096 | $6M | 0.3% | 2025-Q1 stale |
| ADAGE CAPITAL PARTNERS GP, L.L.C. trimmed | 100,000 | $5M | 0.2% | 2025-Q4 stale |
| Global IMC LLC trimmed | 64,333 | $5M | 0.2% | 2025-Q1 stale |
| OFI INVEST ASSET MANAGEMENT trimmed | 53,800 | $4M | 0.2% | 2025-Q1 stale |
| Informed Momentum Co LLC trimmed | 46,733 | $3M | 0.2% | 2025-Q1 stale |
| Cubist Systematic Strategies, LLC added | 59,733 | $3M | 0.2% | 2025-Q3 stale |
| PDT Partners, LLC added | 44,689 | $3M | 0.1% | 2025-Q2 stale |
| Jefferies Financial Group Inc. new | 58,477 | $3M | 0.1% | 2025-Q4 stale |
| L & S Advisors Inc trimmed | 41,485 | $3M | 0.1% | 2025-Q2 stale |
| Gunderson Capital Management Inc. new | 40,494 | $3M | 0.1% | 2025-Q2 stale |
| TD Asset Management Inc | 40,252 | $3M | 0.1% | 2025-Q2 stale |
| FIL Ltd trimmed | 37,171 | $3M | 0.1% | 2025-Q1 stale |
| Jump Financial, LLC added | 48,162 | $3M | 0.1% | 2025-Q3 stale |
| Yaupon Capital Management LP added | 51,258 | $3M | 0.1% | 2025-Q4 stale |
| Interval Partners, LP new | 46,766 | $2M | 0.1% | 2025-Q3 stale |
| HITE Hedge Asset Management LLC added | 47,105 | $2M | 0.1% | 2025-Q4 stale |
| BOOTHBAY FUND MANAGEMENT, LLC new | 30,597 | $2M | 0.1% | 2025-Q2 stale |
| Lombard Odier Asset Management (USA) Corp trimmed | 22,148 | $1M | 0.1% | 2025-Q2 stale |
| Walleye Capital LLC added | 20,629 | $1M | 0.1% | 2025-Q2 stale |
| FIRST TRUST ADVISORS LP trimmed | 24,681 | $1M | 0.1% | 2025-Q3 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.