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-Q1 13F filings (latest filed 2026-05-21). 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
5 tracked funds added or opened LZM while 10 trimmed or exited it between 2025-Q4 and 2026-Q1 — 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
LZM’s largest tracked holder by dollar value, Cinctive Capital Management LP, sizes it at 1.7% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.7pp 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 2025-Q4 and 2026-Q1, across 86 tracked filers holding LZM, 51 increased or opened the position and 30 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 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 1
- VANGUARD PORTFOLIO MANAGEMENT LLC$647K
Full exits 1
- VANGUARD GROUP INC$808K
Largest adds
- LOS ANGELES CAPITAL MANAGEMENT LLC$1M
- ALPS ADVISORS INC$850K
- GOLDMAN SACHS GROUP INC$370K
- RENAISSANCE TECHNOLOGIES LLC$305K
Largest trims
- BlackRock, Inc.$7M
- Invesco Ltd.$5M
- Cinctive Capital Management LP$4M
- ADAGE CAPITAL PARTNERS GP, L.L.C.$3M
- Grantham, Mayo, Van Otterloo & Co. LLC$2M
- JENNISON ASSOCIATES LLC$657K
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 |
|---|---|---|---|---|
| Cinctive Capital Management LP added | 7,675,231 | $26M | 34.6% | 2026-Q1 |
| Grantham, Mayo, Van Otterloo & Co. LLC | 2,550,100 | $9M | 11.5% | 2026-Q1 |
| Invesco Ltd. trimmed | 1,998,480 | $7M | 9.0% | 2026-Q1 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. trimmed | 1,788,295 | $6M | 8.1% | 2026-Q1 |
| BlackRock, Inc. trimmed | 1,721,855 | $6M | 7.8% | 2026-Q1 |
| JENNISON ASSOCIATES LLC added | 789,674 | $3M | 3.6% | 2026-Q1 |
| ALPS ADVISORS INC added | 642,919 | $2M | 2.9% | 2026-Q1 |
| LOS ANGELES CAPITAL MANAGEMENT LLC added | 516,268 | $2M | 2.3% | 2026-Q1 |
| STATE STREET CORP added | 400,641 | $1M | 1.8% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 377,091 | $1M | 1.7% | 2026-Q1 |
| MARSHALL WACE, LLP trimmed | 266,294 | $895K | 1.2% | 2026-Q1 |
| Russell Investments Group, Ltd. trimmed | 201,264 | $676K | 0.9% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 192,525 | $647K | 0.9% | 2026-Q1 |
| UBS Group AG added | 178,792 | $601K | 0.8% | 2026-Q1 |
| NORTHERN TRUST CORP added | 175,126 | $588K | 0.8% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 153,865 | $517K | 0.7% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 148,231 | $498K | 0.7% | 2026-Q1 |
| Creative Planning trimmed | 140,894 | $473K | 0.6% | 2026-Q1 |
| MORGAN STANLEY trimmed | 137,425 | $462K | 0.6% | 2026-Q1 |
| Extract Advisors LLC new | 136,754 | $459K | 0.6% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 119,153 | $400K | 0.5% | 2026-Q1 |
| ROBOTTI ROBERT new | 100,000 | $336K | 0.5% | 2026-Q1 |
| GSA CAPITAL PARTNERS LLP added | 94,524 | $318K | 0.4% | 2026-Q1 |
| SPROTT INC. added | 91,856 | $309K | 0.4% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 71,373 | $240K | 0.3% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 71,170 | $239K | 0.3% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 70,833 | $238K | 0.3% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 61,306 | $206K | 0.3% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 60,872 | $205K | 0.3% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 54,057 | $182K | 0.2% | 2026-Q1 |
| Ethic Inc. added | 44,979 | $151K | 0.2% | 2026-Q1 |
| Walleye Capital LLC added | 38,451 | $129K | 0.2% | 2026-Q1 |
| EdgePoint Investment Group Inc. | 37,659 | $127K | 0.2% | 2026-Q1 |
| Point72 Asset Management, L.P. new | 37,625 | $126K | 0.2% | 2026-Q1 |
| Nuveen, LLC | 35,917 | $121K | 0.2% | 2026-Q1 |
| DEUTSCHE BANK AG\ trimmed | 31,926 | $107K | 0.1% | 2026-Q1 |
| STONERIDGE INVESTMENT PARTNERS LLC | 29,953 | $101K | 0.1% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 28,343 | $95K | 0.1% | 2026-Q1 |
| Ellevest, Inc. added | 21,339 | $72K | 0.1% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ | 18,726 | $63K | 0.1% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 18,611 | $63K | 0.1% | 2026-Q1 |
| BARCLAYS PLC trimmed | 18,608 | $63K | 0.1% | 2026-Q1 |
| ACADIAN ASSET MANAGEMENT LLC new | 18,331 | $61K | 0.1% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. added | 11,970 | $51K | 0.1% | 2026-Q1 |
| QUADRANT CAPITAL GROUP LLC trimmed | 2,414 | $49K | 0.1% | 2026-Q1 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 13,669 | $46K | 0.1% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 13,306 | $43K | 0.1% | 2026-Q1 |
| Squarepoint Ops LLC trimmed | 12,122 | $41K | 0.1% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 11,841 | $40K | 0.1% | 2026-Q1 |
| CIBC Asset Management Inc | 11,430 | $38K | 0.1% | 2026-Q1 |
| XTX Topco Ltd new | 10,152 | $34K | 0.0% | 2026-Q1 |
| Police & Firemen's Retirement System of New Jersey | 7,341 | $25K | 0.0% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 7,013 | $24K | 0.0% | 2026-Q1 |
| Tower Research Capital LLC (TRC) trimmed | 6,021 | $20K | 0.0% | 2026-Q1 |
| CWM, LLC added | 4,920 | $17K | 0.0% | 2026-Q1 |
| SIGNATUREFD, LLC trimmed | 4,638 | $16K | 0.0% | 2026-Q1 |
| Parallel Advisors, LLC added | 4,292 | $14K | 0.0% | 2026-Q1 |
| FMR LLC trimmed | 3,968 | $13K | 0.0% | 2026-Q1 |
| Ameritas Investment Partners, Inc. | 3,577 | $12K | 0.0% | 2026-Q1 |
| NEW YORK STATE COMMON RETIREMENT FUND | 3,400 | $11K | 0.0% | 2026-Q1 |
| Legal & General Group Plc trimmed | 2,535 | $8K | 0.0% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 1,776 | $6K | 0.0% | 2026-Q1 |
| CITIGROUP INC added | 1,597 | $5K | 0.0% | 2026-Q1 |
| SIMPLEX TRADING, LLC new | 1,322 | $4K | 0.0% | 2026-Q1 |
| Essential Partners LLC added | 717 | $2K | 0.0% | 2026-Q1 |
| SBI Securities Co., Ltd. trimmed | 661 | $2K | 0.0% | 2026-Q1 |
| Allworth Financial LP trimmed | 338 | $1K | 0.0% | 2026-Q1 |
| Optiver Holding B.V. trimmed | 284 | $954 | 0.0% | 2026-Q1 |
| NISA INVESTMENT ADVISORS, LLC | 219 | $736 | 0.0% | 2026-Q1 |
| Sterling Capital Management LLC | 180 | $605 | 0.0% | 2026-Q1 |
| Advisory Services Network, LLC new | 140 | $470 | 0.0% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. added | 115 | $386 | 0.0% | 2026-Q1 |
| GAMMA Investing LLC added | 106 | $356 | 0.0% | 2026-Q1 |
| EverSource Wealth Advisors, LLC trimmed | 9 | $287 | 0.0% | 2026-Q1 |
| Farther Finance Advisors, LLC trimmed | 75 | $267 | 0.0% | 2026-Q1 |
| True Wealth Design, LLC added | 78 | $263 | 0.0% | 2026-Q1 |
| VANGUARD GROUP INC added | 189,234 | $808K | 1.1% | 2025-Q4 stale |
| HRT FINANCIAL LP new | 60,723 | $250K | 0.3% | 2025-Q2 stale |
| MMCAP International Inc. SPC new | 48,568 | $200K | 0.3% | 2025-Q2 stale |
| Y-Intercept (Hong Kong) Ltd added | 25,420 | $105K | 0.1% | 2025-Q2 stale |
| MetLife Investment Management, LLC added | 18,244 | $100K | 0.1% | 2025-Q3 stale |
| Virtu Financial LLC new | 15,234 | $83K | 0.1% | 2025-Q3 stale |
| MILLENNIUM MANAGEMENT LLC trimmed | 15,044 | $82K | 0.1% | 2025-Q3 stale |
| INTECH INVESTMENT MANAGEMENT LLC trimmed | 19,265 | $82K | 0.1% | 2025-Q4 stale |
| Corebridge Financial, Inc. trimmed | 17,889 | $75K | 0.1% | 2025-Q1 stale |
| HSBC HOLDINGS PLC added | 12,799 | $68K | 0.1% | 2025-Q3 stale |
| Ballentine Partners, LLC added | 12,008 | $66K | 0.1% | 2025-Q3 stale |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 14,017 | $59K | 0.1% | 2025-Q1 stale |
| NINE MASTS CAPITAL Ltd new | 12,709 | $54K | 0.1% | 2025-Q4 stale |
| JANE STREET GROUP, LLC trimmed | 11,603 | $50K | 0.1% | 2025-Q4 stale |
| OmniStar Financial Group, Inc. new | 11,618 | $49K | 0.1% | 2025-Q1 stale |
| Atom Investors LP trimmed | 10,580 | $44K | 0.1% | 2025-Q1 stale |
| SG Americas Securities, LLC trimmed | 10,562 | $44K | 0.1% | 2025-Q1 stale |
| Voya Investment Management LLC | 10,572 | $44K | 0.1% | 2025-Q2 stale |
| MACQUARIE GROUP LTD trimmed | 9,158 | $38K | 0.1% | 2025-Q1 stale |
| AMALGAMATED BANK trimmed | 872 | $4K | 0.0% | 2025-Q4 stale |
| Lindbrook Capital, LLC trimmed | 129 | $539 | 0.0% | 2025-Q1 stale |
| US BANCORP \DE\ new | 83 | $455 | 0.0% | 2025-Q3 stale |
| MassMutual Private Wealth & Trust, FSB | 102 | $436 | 0.0% | 2025-Q4 stale |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC new | 100 | $418 | 0.0% | 2025-Q1 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.