LGIH ranks #2466 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
LGIH is a top-conviction position for Cdam — at 11.9% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in LGIH belongs to BlackRock, Inc., but the position matters far more to Cdam, who has 11.9% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
Goldman Sachs Group Inc has added to its LGIH position for two straight quarters, increasing it by $30.4M to reach $42.4M today.
Fidelity has trimmed its LGIH position for two straight quarters, cutting it by $6.7M while still holding $215.6K.
LGIH is down 0.5% today, but institutions show net buying of $175.1M this quarter — a divergence between today's price move and the underlying institutional flow.