Who owns LZM
Which tracked institutional funds hold LZM, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See LZM 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
The tracked-fund tape on LZM is one-sided between 2026-Q1 and 2026-Q2: 18 added or opened and 3 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
LZM’s largest tracked holder by dollar value, Cinctive Capital Management LP, sizes it at 1.3% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.3pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in LZM 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 105 tracked filers holding LZM, 62 increased or opened the position and 29 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 LZM 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 1
- MILLENNIUM MANAGEMENT LLC$534K
Full exits 2
- JENNISON ASSOCIATES LLC$3M
- LOS ANGELES CAPITAL MANAGEMENT LLC$2M
Largest adds
- Cinctive Capital Management LP$7M
- BlackRock, Inc.$4M
- MARSHALL WACE, LLP$2M
- SPROTT INC.$2M
- Grantham, Mayo, Van Otterloo & Co. LLC$1M
- RENAISSANCE TECHNOLOGIES LLC$1M
Largest trims
- ALPS ADVISORS INC$341K
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 |
|---|---|---|---|---|
| Cinctive Capital Management LP added | 8,375,231 | $32M | 34.8% | 2026-Q2 |
| Grantham, Mayo, Van Otterloo & Co. LLC | 2,550,100 | $10M | 10.6% | 2026-Q2 |
| BlackRock, Inc. added | 2,466,205 | $10M | 10.2% | 2026-Q2 |
| Invesco Ltd. trimmed | 1,724,599 | $7M | 7.2% | 2026-Q2 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. trimmed | 1,642,238 | $6M | 6.8% | 2026-Q2 |
| ARISTEIA CAPITAL, L.L.C. new | 1,165,902 | $496K | 0.5% | 2026-Q2 |
| Caption Management, LLC new | 819,481 | $336K | 0.4% | 2026-Q2 |
| MARSHALL WACE, LLP added | 784,870 | $3M | 3.3% | 2026-Q2 |
| LMR Partners LLP new | 623,242 | $256K | 0.3% | 2026-Q2 |
| STATE STREET CORP added | 566,267 | $2M | 2.4% | 2026-Q2 |
| SPROTT INC. added | 549,206 | $2M | 2.3% | 2026-Q2 |
| Saba Capital Management, L.P. new | 533,369 | $219K | 0.2% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 513,354 | $2M | 2.1% | 2026-Q2 |
| Calamos Advisors LLC new | 500,000 | $205K | 0.2% | 2026-Q2 |
| ALPS ADVISORS INC trimmed | 468,836 | $2M | 1.9% | 2026-Q2 |
| WOLVERINE ASSET MANAGEMENT LLC new | 430,541 | $177K | 0.2% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC added | 366,246 | $1M | 1.5% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 308,983 | $1M | 1.3% | 2026-Q2 |
| UBS Group AG added | 290,038 | $1M | 1.2% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 267,772 | $1M | 1.1% | 2026-Q2 |
| NORTHERN TRUST CORP added | 226,844 | $880K | 0.9% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 202,779 | $787K | 0.8% | 2026-Q2 |
| Davidson Kempner Capital Management LP new | 200,000 | $82K | 0.1% | 2026-Q2 |
| Alberta Investment Management Corp new | 200,000 | $82K | 0.1% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 166,777 | $647K | 0.7% | 2026-Q2 |
| D. E. Shaw & Co., Inc. new | 166,366 | $68K | 0.1% | 2026-Q2 |
| Creative Planning added | 145,484 | $564K | 0.6% | 2026-Q2 |
| Walleye Capital LLC added | 144,584 | $59K | 0.1% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 137,689 | $534K | 0.6% | 2026-Q2 |
| Extract Advisors LLC | 136,754 | $531K | 0.6% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 132,202 | $513K | 0.5% | 2026-Q2 |
| MORGAN STANLEY trimmed | 123,971 | $481K | 0.5% | 2026-Q2 |
| Clear Street Group Inc. new | 121,860 | $50K | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 117,280 | $455K | 0.5% | 2026-Q2 |
| ROBOTTI ROBERT | 100,000 | $388K | 0.4% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 95,734 | $371K | 0.4% | 2026-Q2 |
| XTX Topco Ltd added | 86,819 | $337K | 0.4% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 78,298 | $304K | 0.3% | 2026-Q2 |
| Bank of New York Mellon Corp added | 73,411 | $285K | 0.3% | 2026-Q2 |
| MMCAP International Inc. SPC added | 69,810 | $29K | 0.0% | 2026-Q2 |
| Squarepoint Ops LLC added | 61,412 | $238K | 0.3% | 2026-Q2 |
| Sculptor Capital LP new | 52,300 | $21K | 0.0% | 2026-Q2 |
| Nuveen, LLC added | 51,161 | $199K | 0.2% | 2026-Q2 |
| Creek Drive Management Group LLC new | 50,000 | $20K | 0.0% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 45,656 | $177K | 0.2% | 2026-Q2 |
| IEQ CAPITAL, LLC new | 45,597 | $177K | 0.2% | 2026-Q2 |
| Jump Financial, LLC new | 40,900 | $159K | 0.2% | 2026-Q2 |
| EdgePoint Investment Group Inc. | 37,659 | $143K | 0.2% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 36,951 | $143K | 0.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 35,606 | $138K | 0.1% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 35,037 | $136K | 0.1% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 32,670 | $110K | 0.1% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 32,435 | $126K | 0.1% | 2026-Q2 |
| Ethic Inc. trimmed | 28,875 | $112K | 0.1% | 2026-Q2 |
| RHUMBLINE ADVISERS trimmed | 25,298 | $98K | 0.1% | 2026-Q2 |
| TPG GP A, LLC new | 25,000 | $10K | 0.0% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 24,778 | $97K | 0.1% | 2026-Q2 |
| Context Capital Management, LLC new | 23,500 | $10K | 0.0% | 2026-Q2 |
| MetLife Investment Management, LLC added | 23,488 | $91K | 0.1% | 2026-Q2 |
| SIMPLEX TRADING, LLC added | 18,959 | $74K | 0.1% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP | 18,611 | $72K | 0.1% | 2026-Q2 |
| Mariner, LLC new | 18,549 | $72K | 0.1% | 2026-Q2 |
| Cerity Partners LLC new | 18,383 | $71K | 0.1% | 2026-Q2 |
| RK Capital Management, LLC/FL new | 18,300 | $8K | 0.0% | 2026-Q2 |
| CITIGROUP INC added | 18,266 | $71K | 0.1% | 2026-Q2 |
| Graham Capital Management, L.P. new | 17,947 | $70K | 0.1% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 17,946 | $70K | 0.1% | 2026-Q2 |
| BARCLAYS PLC trimmed | 17,496 | $68K | 0.1% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 16,837 | $64K | 0.1% | 2026-Q2 |
| INTECH INVESTMENT MANAGEMENT LLC trimmed | 16,459 | $64K | 0.1% | 2026-Q2 |
| Ellevest, Inc. trimmed | 13,692 | $53K | 0.1% | 2026-Q2 |
| Parallel Advisors, LLC added | 11,719 | $45K | 0.0% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 11,213 | $44K | 0.0% | 2026-Q2 |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC new | 10,272 | $36K | 0.0% | 2026-Q2 |
| Police & Firemen's Retirement System of New Jersey | 7,341 | $28K | 0.0% | 2026-Q2 |
| FMR LLC added | 4,745 | $18K | 0.0% | 2026-Q2 |
| SIGNATUREFD, LLC added | 4,699 | $18K | 0.0% | 2026-Q2 |
| EASTERN BANK new | 4,389 | $17K | 0.0% | 2026-Q2 |
| Legal & General Group Plc added | 3,796 | $15K | 0.0% | 2026-Q2 |
| Ameritas Investment Partners, Inc. | 3,577 | $14K | 0.0% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND | 3,400 | $13K | 0.0% | 2026-Q2 |
| Arax Advisory Partners added | 2,973 | $12K | 0.0% | 2026-Q2 |
| Tower Research Capital LLC (TRC) trimmed | 2,633 | $10K | 0.0% | 2026-Q2 |
| Farther Finance Advisors, LLC added | 1,729 | $7K | 0.0% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 1,180 | $5K | 0.0% | 2026-Q2 |
| Allworth Financial LP added | 1,061 | $4K | 0.0% | 2026-Q2 |
| EverSource Wealth Advisors, LLC added | 998 | $4K | 0.0% | 2026-Q2 |
| Integrated Wealth Concepts LLC new | 657 | $3K | 0.0% | 2026-Q2 |
| IFP Advisors, Inc added | 503 | $2K | 0.0% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 455 | $2K | 0.0% | 2026-Q2 |
| US BANCORP \DE\ added | 295 | $1K | 0.0% | 2026-Q2 |
| Essential Partners LLC trimmed | 269 | $1K | 0.0% | 2026-Q2 |
| NISA INVESTMENT ADVISORS, LLC added | 227 | $881 | 0.0% | 2026-Q2 |
| ROTHSCHILD INVESTMENT LLC added | 188 | $729 | 0.0% | 2026-Q2 |
| SBI Securities Co., Ltd. trimmed | 162 | $629 | 0.0% | 2026-Q2 |
| Sterling Capital Management LLC trimmed | 137 | $532 | 0.0% | 2026-Q2 |
| True Wealth Design, LLC added | 123 | $478 | 0.0% | 2026-Q2 |
| PNC Financial Services Group, Inc. added | 118 | $458 | 0.0% | 2026-Q2 |
| GAMMA Investing LLC | 106 | $411 | 0.0% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 50 | $194 | 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.