Legence Corp-cl A (LGN) — 13F Holders Deep Dive (Q2 2026)

LGN ranks #2331 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

LGN is a disclosed holding of Stephen Schwarzman (Blackstone Group), one of the tracked superinvestors on AlphaSMO — it makes up 5.0% of that fund's own 13F portfolio.

LGN is a top-conviction position for Forest Avenue Capital Management LP — at 5.5% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in LGN belongs to Blackstone Inc., but the position matters far more to Forest Avenue Capital Management LP, who has 5.5% 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.

Blackstone Inc. has added to its LGN position for two straight quarters, increasing it by $548.6M to reach $1.7B today.

Fidelity has trimmed its LGN position for two straight quarters, cutting it by $89.4M while still holding $83.1M.

LGN is down 0.5% today, but institutions show net buying of $1.8B this quarter — a divergence between today's price move and the underlying institutional flow.

LGN reported a net loss of $45.0M over the trailing twelve months.

• Not yet profitable — net loss of $45.0M over the trailing twelve months
• Revenue grew 69.2% year over year
• Net income improved year over year, from -$46.3M to -$45.0M
• Generated $256.9M in positive operating cash flow
• Current ratio of 1.57x — enough short-term assets to cover short-term liabilities
• Liabilities run 4.82x equity — a highly leveraged balance sheet worth noting