Who owns 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-Q2 13F filings (latest filed 2026-09-22). 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
71 tracked funds added or opened LB while 27 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
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 1.4% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.4pp 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 2026-Q1 and 2026-Q2, across 185 tracked filers holding LB, 104 increased or opened the position and 89 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
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 2026-Q1 and 2026-Q2 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 13
- Daiwa Securities Group Inc.$7M
- TD Asset Management Inc$3M
- Fenimore Asset Management Inc$2M
- PKS Advisory Services, LLC$2M
- D. E. Shaw & Co., Inc.$2M
- State of New Jersey Common Pension Fund D$1M
Full exits 15
- HighTower Advisors, LLC$11M
- Amundi$7M
- MSRH, LLC$6M
- Aquatic Capital Management LLC$4M
- Aventail Capital Group, LP$3M
- GSA CAPITAL PARTNERS LLP$2M
Largest adds
- FIRST MANHATTAN CO. LLC.$74M
- HORIZON KINETICS ASSET MANAGEMENT LLC$71M
- FMR LLC$50M
- WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC$37M
- MILLENNIUM MANAGEMENT LLC$15M
- VANGUARD PORTFOLIO MANAGEMENT LLC$15M
Largest trims
- MORGAN STANLEY$44M
- MARSHALL WACE, LLP$29M
- CITADEL ADVISORS LLC$12M
- JANE STREET GROUP, LLC$6M
- SEI INVESTMENTS CO$4M
- ROYAL BANK OF CANADA$2M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| FIRST MANHATTAN CO. LLC. added | 7,082,845 | $561M | 26.5% | 2026-Q2 |
| HORIZON KINETICS ASSET MANAGEMENT LLC added | 5,821,263 | $461M | 21.8% | 2026-Q2 |
| FMR LLC added | 1,775,450 | $141M | 6.6% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 1,267,116 | $100M | 4.7% | 2026-Q2 |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC added | 1,235,265 | $98M | 4.6% | 2026-Q2 |
| MORGAN STANLEY trimmed | 731,836 | $58M | 2.7% | 2026-Q2 |
| SCHWARTZ INVESTMENT COUNSEL INC added | 644,716 | $51M | 2.4% | 2026-Q2 |
| Hood River Capital Management LLC trimmed | 592,619 | $47M | 2.2% | 2026-Q2 |
| UBS Group AG trimmed | 573,587 | $45M | 2.1% | 2026-Q2 |
| DF DENT & CO INC added | 567,536 | $45M | 2.1% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP trimmed | 518,850 | $41M | 1.9% | 2026-Q2 |
| CORTLAND ASSOCIATES INC/MO trimmed | 384,317 | $30M | 1.4% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 376,807 | $30M | 1.4% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS added | 281,951 | $22M | 1.1% | 2026-Q2 |
| MAD RIVER INVESTORS added | 267,953 | $21M | 1.0% | 2026-Q2 |
| Moors & Cabot, Inc. added | 251,704 | $20M | 0.9% | 2026-Q2 |
| ASHFORD CAPITAL MANAGEMENT INC trimmed | 234,860 | $19M | 0.9% | 2026-Q2 |
| One Charles Private Wealth Services, LLC trimmed | 224,152 | $18M | 0.8% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 222,604 | $18M | 0.8% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 211,305 | $17M | 0.8% | 2026-Q2 |
| EagleClaw Capital Managment, LLC added | 210,805 | $17M | 0.8% | 2026-Q2 |
| Summit Street Capital Management, LLC trimmed | 203,365 | $16M | 0.8% | 2026-Q2 |
| TOCQUEVILLE ASSET MANAGEMENT L.P. added | 128,490 | $10M | 0.5% | 2026-Q2 |
| MARSHALL WACE, LLP trimmed | 118,494 | $9M | 0.4% | 2026-Q2 |
| BlackRock, Inc. added | 108,741 | $9M | 0.4% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 106,520 | $8M | 0.4% | 2026-Q2 |
| SPROTT INC. added | 100,059 | $8M | 0.4% | 2026-Q2 |
| Ghisallo Capital Management LLC | 100,000 | $8M | 0.4% | 2026-Q2 |
| SEVEN GRAND MANAGERS, LLC | 100,000 | $8M | 0.4% | 2026-Q2 |
| CRAWFORD INVESTMENT COUNSEL INC added | 95,243 | $8M | 0.4% | 2026-Q2 |
| Advisory Services Network, LLC added | 91,909 | $7M | 0.3% | 2026-Q2 |
| Daiwa Securities Group Inc. new | 85,738 | $7M | 0.3% | 2026-Q2 |
| TUDOR INVESTMENT CORP ET AL added | 83,955 | $7M | 0.3% | 2026-Q2 |
| one8zero8, LLC added | 83,668 | $7M | 0.3% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 78,767 | $6M | 0.3% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 75,633 | $6M | 0.3% | 2026-Q2 |
| PROMETHIUM ADVISORS,LLC added | 68,930 | $5M | 0.3% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 67,360 | $5M | 0.3% | 2026-Q2 |
| BARCLAYS PLC added | 58,629 | $5M | 0.2% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 58,491 | $5M | 0.2% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 58,077 | $5M | 0.2% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 56,931 | $4M | 0.2% | 2026-Q2 |
| VIKING FUND MANAGEMENT LLC | 56,000 | $4M | 0.2% | 2026-Q2 |
| Swiss National Bank added | 55,900 | $4M | 0.2% | 2026-Q2 |
| Legal & General Group Plc added | 52,313 | $4M | 0.2% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 51,416 | $4M | 0.2% | 2026-Q2 |
| STATE STREET CORP added | 51,066 | $4M | 0.2% | 2026-Q2 |
| XTX Topco Ltd added | 49,995 | $4M | 0.2% | 2026-Q2 |
| Cinctive Capital Management LP added | 49,826 | $4M | 0.2% | 2026-Q2 |
| KINGSWOOD WEALTH ADVISORS, LLC trimmed | 46,097 | $4M | 0.2% | 2026-Q2 |
| TD Asset Management Inc added | 42,934 | $3M | 0.2% | 2026-Q2 |
| CITIGROUP INC added | 38,554 | $3M | 0.1% | 2026-Q2 |
| Atlas Wealth Partners, LLC added | 38,420 | $3M | 0.1% | 2026-Q2 |
| OneDigital Investment Advisors LLC trimmed | 35,051 | $3M | 0.1% | 2026-Q2 |
| Annex Advisory Services, LLC added | 33,466 | $3M | 0.1% | 2026-Q2 |
| Steward Partners Investment Advisory, LLC added | 32,008 | $3M | 0.1% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 31,575 | $3M | 0.1% | 2026-Q2 |
| Ipswich Investment Management Co., Inc. trimmed | 28,882 | $2M | 0.1% | 2026-Q2 |
| &PARTNERS added | 27,277 | $2M | 0.1% | 2026-Q2 |
| Fenimore Asset Management Inc new | 26,000 | $2M | 0.1% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 22,953 | $2M | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 22,360 | $2M | 0.1% | 2026-Q2 |
| PKS Advisory Services, LLC added | 21,765 | $2M | 0.1% | 2026-Q2 |
| Rockefeller Capital Management L.P. trimmed | 21,733 | $2M | 0.1% | 2026-Q2 |
| Independent Advisor Alliance added | 19,123 | $2M | 0.1% | 2026-Q2 |
| D. E. Shaw & Co., Inc. new | 19,042 | $2M | 0.1% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 19,001 | $2M | 0.1% | 2026-Q2 |
| Essex Financial Services, Inc. trimmed | 18,912 | $1M | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd | 18,395 | $1M | 0.1% | 2026-Q2 |
| LPL Financial LLC added | 17,597 | $1M | 0.1% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. trimmed | 17,401 | $1M | 0.1% | 2026-Q2 |
| Cannell & Spears LLC | 17,340 | $1M | 0.1% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 16,637 | $1M | 0.1% | 2026-Q2 |
| PECAUT & CO. added | 15,894 | $1M | 0.1% | 2026-Q2 |
| State of New Jersey Common Pension Fund D new | 15,570 | $1M | 0.1% | 2026-Q2 |
| Malaga Cove Capital, LLC trimmed | 14,971 | $1M | 0.1% | 2026-Q2 |
| NORTHERN TRUST CORP added | 14,544 | $1M | 0.1% | 2026-Q2 |
| Beacon Pointe Advisors, LLC new | 14,241 | $1M | 0.1% | 2026-Q2 |
| SIERRA SUMMIT ADVISORS LLC trimmed | 14,210 | $1M | 0.1% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 13,117 | $1M | 0.0% | 2026-Q2 |
| Pekin Hardy Strauss, Inc. added | 12,850 | $1M | 0.0% | 2026-Q2 |
| Adalta Capital Management LLC added | 12,735 | $1M | 0.0% | 2026-Q2 |
| OCCUDO QUANTITATIVE STRATEGIES LP added | 12,659 | $1M | 0.0% | 2026-Q2 |
| Apollon Wealth Management, LLC trimmed | 12,658 | $1M | 0.0% | 2026-Q2 |
| Cetera Investment Advisers trimmed | 12,536 | $993K | 0.0% | 2026-Q2 |
| Renaissance Capital LLC added | 12,411 | $983K | 0.0% | 2026-Q2 |
| BLAIR WILLIAM & CO/IL trimmed | 12,279 | $973K | 0.0% | 2026-Q2 |
| Private Advisor Group, LLC trimmed | 12,237 | $970K | 0.0% | 2026-Q2 |
| Engineers Gate Manager LP trimmed | 11,040 | $875K | 0.0% | 2026-Q2 |
| Jupiter Topco LLC new | 10,925 | $867K | 0.0% | 2026-Q2 |
| Brevan Howard Capital Management LP trimmed | 10,528 | $834K | 0.0% | 2026-Q2 |
| Fieldview Capital Management, LLC added | 9,712 | $770K | 0.0% | 2026-Q2 |
| Jump Financial, LLC trimmed | 9,124 | $723K | 0.0% | 2026-Q2 |
| Mariner, LLC added | 8,914 | $707K | 0.0% | 2026-Q2 |
| Zuckerman Investment Group, LLC | 8,700 | $689K | 0.0% | 2026-Q2 |
| Pathstone Holdings, LLC added | 8,440 | $669K | 0.0% | 2026-Q2 |
| Corient Private Wealth LP trimmed | 8,397 | $665K | 0.0% | 2026-Q2 |
| OPPENHEIMER ASSET MANAGEMENT INC. added | 8,147 | $646K | 0.0% | 2026-Q2 |
| Lido Advisors, LLC trimmed | 8,010 | $635K | 0.0% | 2026-Q2 |
| STIFEL FINANCIAL CORP trimmed | 7,846 | $622K | 0.0% | 2026-Q2 |
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.