Who owns Legacy Education (LGCY)
Which tracked institutional funds hold LGCY, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See LGCY 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
9 tracked funds added or opened LGCY while 14 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
LGCY’s largest tracked holder by dollar value, ROYCE & ASSOCIATES LP, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in LGCY 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 50 tracked filers holding LGCY, 24 increased or opened the position and 30 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
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 LGCY 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 2
- Polar Asset Management Partners Inc.$3M
- NEXT CENTURY GROWTH INVESTORS LLC$723K
Full exits 3
- Informed Momentum Co LLC$728K
- JANE STREET GROUP, LLC$548K
- 683 Capital Management, LLC$501K
Largest adds
- ESSEX INVESTMENT MANAGEMENT CO LLC$2M
- Mink Brook Asset Management LLC$1M
- Legato Capital Management LLC$732K
- WHITE PINE CAPITAL LLC$514K
- MORGAN STANLEY$438K
- DIMENSIONAL FUND ADVISORS LP$384K
Largest trims
- SEI INVESTMENTS CO$2M
- PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.$1M
- Holos Integrated Wealth LLC$716K
- MILLENNIUM MANAGEMENT LLC$685K
- KENNEDY CAPITAL MANAGEMENT LLC$606K
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$568K
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 |
|---|---|---|---|---|
| ROYCE & ASSOCIATES LP added | 896,387 | $11M | 12.4% | 2026-Q2 |
| Holos Integrated Wealth LLC | 852,550 | $10M | 11.3% | 2026-Q2 |
| KENNEDY CAPITAL MANAGEMENT LLC trimmed | 602,745 | $7M | 8.3% | 2026-Q2 |
| BARD ASSOCIATES INC trimmed | 444,279 | $5M | 6.1% | 2026-Q2 |
| Mink Brook Asset Management LLC added | 389,498 | $5M | 5.4% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 379,324 | $4M | 5.2% | 2026-Q2 |
| Truffle Hound Capital, LLC | 350,000 | $4M | 4.8% | 2026-Q2 |
| ESSEX INVESTMENT MANAGEMENT CO LLC added | 329,894 | $4M | 4.6% | 2026-Q2 |
| Polar Asset Management Partners Inc. added | 255,677 | $3M | 3.5% | 2026-Q2 |
| Russell Investments Group, Ltd. trimmed | 186,092 | $2M | 2.6% | 2026-Q2 |
| WHITE PINE CAPITAL LLC added | 139,596 | $2M | 1.9% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ | 118,906 | $1M | 1.6% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 117,583 | $1M | 1.6% | 2026-Q2 |
| Legato Capital Management LLC added | 110,216 | $1M | 1.5% | 2026-Q2 |
| Ancora Advisors LLC added | 100,225 | $1M | 1.4% | 2026-Q2 |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. trimmed | 100,000 | $1M | 1.4% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 92,804 | $1M | 1.3% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC added | 90,500 | $1M | 1.2% | 2026-Q2 |
| NEXT CENTURY GROWTH INVESTORS LLC new | 61,479 | $723K | 0.8% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 60,756 | $714K | 0.8% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 58,950 | $694K | 0.8% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 53,678 | $631K | 0.7% | 2026-Q2 |
| BlackRock, Inc. added | 51,004 | $600K | 0.7% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 49,969 | $588K | 0.7% | 2026-Q2 |
| Manatuck Hill Partners, LLC | 44,600 | $524K | 0.6% | 2026-Q2 |
| MORGAN STANLEY added | 42,667 | $502K | 0.6% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 40,981 | $482K | 0.6% | 2026-Q2 |
| LPL Financial LLC added | 40,980 | $482K | 0.6% | 2026-Q2 |
| Paradigm, Strategies in Wealth Management, LLC new | 40,933 | $481K | 0.6% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 40,800 | $480K | 0.6% | 2026-Q2 |
| STATE STREET CORP trimmed | 33,773 | $397K | 0.5% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 30,974 | $364K | 0.4% | 2026-Q2 |
| CORSAIR CAPITAL MANAGEMENT, L.P. | 29,939 | $352K | 0.4% | 2026-Q2 |
| Integrated Quantitative Investments LLC added | 20,091 | $236K | 0.3% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 19,735 | $232K | 0.3% | 2026-Q2 |
| Boston Partners trimmed | 18,980 | $223K | 0.3% | 2026-Q2 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | 17,700 | $208K | 0.2% | 2026-Q2 |
| UBS Group AG trimmed | 17,015 | $200K | 0.2% | 2026-Q2 |
| Orin Green Financial, LLC added | 13,180 | $155K | 0.2% | 2026-Q2 |
| IFP Advisors, Inc trimmed | 8,600 | $101K | 0.1% | 2026-Q2 |
| Avanza Fonder AB | 7,098 | $83K | 0.1% | 2026-Q2 |
| Vanguard Global Advisers, LLC | 4,448 | $52K | 0.1% | 2026-Q2 |
| Tower Research Capital LLC (TRC) added | 551 | $6K | 0.0% | 2026-Q2 |
| LANARK FINANCIAL, INC. | 500 | $6K | 0.0% | 2026-Q2 |
| FMR LLC | 384 | $5K | 0.0% | 2026-Q2 |
| FEDERATED HERMES, INC. added | 352 | $4K | 0.0% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO new | 300 | $4K | 0.0% | 2026-Q2 |
| MCF Advisors LLC new | 82 | $965 | 0.0% | 2026-Q2 |
| BARCLAYS PLC trimmed | 58 | $682 | 0.0% | 2026-Q2 |
| SJS Investment Consulting Inc. | 49 | $577 | 0.0% | 2026-Q2 |
| Informed Momentum Co LLC trimmed | 58,183 | $728K | 0.9% | 2026-Q1 stale (1 quarter behind) |
| JANE STREET GROUP, LLC added | 43,800 | $548K | 0.6% | 2026-Q1 stale (1 quarter behind) |
| 683 Capital Management, LLC trimmed | 40,000 | $501K | 0.6% | 2026-Q1 stale (1 quarter behind) |
| BANK OF AMERICA CORP /DE/ added | 21,847 | $274K | 0.3% | 2026-Q1 stale (1 quarter behind) |
| MARSHALL WACE, LLP added | 18,361 | $230K | 0.3% | 2026-Q1 stale (1 quarter behind) |
| Hudson Bay Capital Management LP new | 15,222 | $191K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| HRT FINANCIAL LP new | 14,615 | $182K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| Schonfeld Strategic Advisors LLC new | 10,899 | $136K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| Qube Research & Technologies Ltd new | 10,096 | $126K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| CITIGROUP INC new | 6,889 | $86K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Advisory Services Network, LLC added | 6,000 | $75K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| ACADIAN ASSET MANAGEMENT LLC trimmed | 4,641 | $58K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| JPMORGAN CHASE & CO trimmed | 2,421 | $30K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| ROYAL BANK OF CANADA trimmed | 318 | $4K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 2 | $25 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| VANGUARD GROUP INC added | 429,433 | $4M | 5.1% | 2025-Q4 stale (2 quarters behind) |
| Squarepoint Ops LLC new | 16,880 | $172K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| OMERS ADMINISTRATION Corp new | 14,800 | $151K | 0.2% | 2025-Q4 stale (2 quarters behind) |
| Asset Dedication, LLC new | 100 | $1K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| NewEdge Advisors, LLC trimmed | 70 | $713 | 0.0% | 2025-Q4 stale (2 quarters behind) |
| SG Capital Management LLC new | 235,214 | $2M | 2.6% | 2025-Q3 stale (3 quarters behind) |
| Sanctuary Advisors, LLC added | 55,185 | $528K | 0.6% | 2025-Q3 stale (3 quarters behind) |
| XTX Topco Ltd new | 10,804 | $103K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| Global Retirement Partners, LLC new | 2,990 | $33K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| OSAIC HOLDINGS, INC. new | 700 | $8K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
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.