LINCOLN ELEC HLDGS INC LECO
COM · Common Stock · CUSIP 533900106 · ISIN US5339001068
American multinational manufacturer of welding products
- SectorIndustrials
- IndustryMetalworkg Machinery & Equipment
- HeadquartersCleveland, OH
- Founded1895
- Websitelincolnelectric.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($31.1m this quarter). Holder counts are more reliable. Shares outstanding: 55.2m as of 2025-06-30, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $207.38. Options: 8 managers hold calls ($8.5m notional), 7 hold puts ($5.9m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 409 |
| Q4 2022 | 443 |
| Q1 2023 | 473 |
| Q2 2023 | 494 |
| Q3 2023 | 507 |
| Q4 2023 | 531 |
| Q1 2024 | 584 |
| Q2 2024 | 554 |
| Q3 2024 | 553 |
| Q4 2024 | 550 |
| Q1 2025 | 584 |
| Q2 2025 | 598 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 245 | 209 |
| Q4 2023 | 211 | 235 |
| Q1 2024 | 254 | 254 |
| Q2 2024 | 247 | 308 |
| Q3 2024 | 247 | 278 |
| Q4 2024 | 221 | 273 |
| Q1 2025 | 306 | 224 |
| Q2 2025 | 273 | 287 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $10.7m | $7.4m | 0.69 |
| Q4 2024 | $7.1m | $5.1m | 0.71 |
| Q1 2025 | $4.1m | $2.5m | 0.61 |
| Q2 2025 | $8.5m | $5.9m | 0.68 |
Biggest buyers
| Boston Partners | New | +682.4k |
| AQR CAPITAL MANAGEMENT LLC | Added | +486.1k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +426.8k |
| Alyeska Investment Group, L.P. | Added | +170.0k |
| Interval Partners, LP | New | +150.5k |
| UBS Group AG | Added | +144.9k |
| LORD, ABBETT & CO. LLC | New | +114.5k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | Added | +98.9k |
| JPMORGAN CHASE & CO | Added | +83.0k |
| Quantinno Capital Management LP | Added | +68.1k |
Biggest sellers
| RAYMOND JAMES FINANCIAL INC | Reduced | -194.8k |
| Invesco Ltd. | Reduced | -180.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -165.9k |
| EdgePoint Investment Group Inc. | Reduced | -160.5k |
| BlackRock, Inc. | Reduced | -146.3k |
| MACQUARIE GROUP LTD | Reduced | -141.0k |
| D. E. Shaw & Co., Inc. | Reduced | -119.9k |
| CITADEL ADVISORS LLC | Sold out | -107.6k |
| Balyasny Asset Management L.P. | Sold out | -103.0k |
| Point72 Asset Management, L.P. | Reduced | -89.3k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $4.5m21.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.2m10.6k shares |
| JANE STREET GROUP, LLC | New | $891.5k4.3k shares |
| WOLVERINE TRADING, LLC | Reduced | $481.3k2.3k shares |
| Walleye Trading LLC | Added | $373.2k1.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $62.0k300 shares |
| GROUP ONE TRADING LLC | New | $20.7k100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| Walleye Trading LLC | Added | $1.8m8.8k shares |
| CITADEL ADVISORS LLC | Added | $1.8m8.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.5m7.0k shares |
| WOLVERINE TRADING, LLC | Added | $460.4k2.2k shares |
| JANE STREET GROUP, LLC | New | $290.2k1.4k shares |
| SIMPLEX TRADING, LLC | New | $41.0k200 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 2 | $2.0m | — |
| Q4 2023 | 0 | — | 5 | $18.6m | — |
| Q1 2024 | 0 | — | 6 | $69.0m | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 1 | $193.6k | — |
| Q4 2024 | 0 | — | 1 | $305.6k | — |
| Q1 2025 | 0 | — | 3 | $8.2m | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 5.5m $1.1bn | Reduced -59.0k |
| BlackRock, Inc. 0.02% of their portfolio | 5.2m $1.1bn | Reduced -146.3k |
| STATE STREET CORP 0.02% of their portfolio | 2.4m $507.5m | Reduced -26.9k |
| EdgePoint Investment Group Inc. 2.97% of their portfolio | 1.9m $393.3m | Reduced -160.5k |
| VICTORY CAPITAL MANAGEMENT INC 0.24% of their portfolio | 1.8m $368.6m | Added +426.8k |
| NORGES BANK 0.04% of their portfolio | 1.7m $354.1m | Added +35.5k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 1.6m $323.2m | Added +83.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 1.3m $266.7m | Reduced -14.9k |
| Invesco Ltd. 0.02% of their portfolio | 698.1k $144.7m | Reduced -180.8k |
| Boston Partners 0.16% of their portfolio | 682.4k $141.5m | New |
| Park Edge Advisors, LLC 35.67% of their portfolio | 670.9k $139.1m | Unchanged |
| KEYBANK NATIONAL ASSOCIATION/OH 0.51% of their portfolio | 660.1k $136.9m | Reduced -40.8k |
| MACQUARIE GROUP LTD 0.15% of their portfolio | 605.4k $125.5m | Reduced -141.0k |
| AQR CAPITAL MANAGEMENT LLC 0.10% of their portfolio | 596.6k $123.7m | Added +486.1k |
| UBS Group AG 0.03% of their portfolio | 590.8k $122.5m | Added +144.9k |
| Champlain Investment Partners, LLC 0.84% of their portfolio | 581.6k $120.6m | Added +45.2k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 544.0k $112.8m | Added +12.0k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 519.1k $107.6m | Reduced -34.5k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.98% of their portfolio | 504.5k $104.6m | Added +98.9k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 489.1k $101.4m | Reduced -9.4k |
| FIRST TRUST ADVISORS LP 0.08% of their portfolio | 484.1k $100.4m | Reduced -43.5k |
| Fisher Asset Management, LLC 0.04% of their portfolio | 452.7k $93.8m | Reduced -45.0k |
| MORGAN STANLEY 0.01% of their portfolio | 422.4k $87.6m | Reduced -8.3k |
| STIFEL FINANCIAL CORP 0.08% of their portfolio | 417.0k $86.4m | Added +6.5k |
| Thrivent Financial for Lutherans 0.18% of their portfolio | 388.6k $80.6m | Reduced -44.3k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 372.6k $77.2m | Added +10.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 371.6k $77.0m | Reduced -18.5k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.15% of their portfolio | 369.7k $76.6m | Reduced -5.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 368.5k $76.4m | Added +2.5k |
| Boston Trust Walden Corp 0.50% of their portfolio | 340.0k $70.5m | Added +9.2k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 286.4k $59.4m | Added +63.3k |
| SATURNA CAPITAL CORP 0.75% of their portfolio | 269.1k $55.8m | Reduced -11.2k |
| Qube Research & Technologies Ltd 0.07% of their portfolio | 235.9k $48.9m | Reduced -34.0k |
| Fiera Capital Corp 0.16% of their portfolio | 233.7k $48.4m | Added +45.6k |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.20% of their portfolio | 233.1k $48.3m | Reduced -3.0k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 225.9k $46.8m | Reduced -31.0k |
| VAUGHAN DAVID INVESTMENTS LLC/IL 1.05% of their portfolio | 225.7k $46.8m | Reduced -3.8k |
| GW&K Investment Management, LLC 0.42% of their portfolio | 223.6k $46.4m | Added +2.4k |
| Welch & Forbes LLC 0.56% of their portfolio | 215.5k $44.7m | Added +4.6k |
| JANUS HENDERSON GROUP PLC 0.02% of their portfolio | 210.7k $43.7m | Reduced -27.9k |
| Fayez Sarofim & Co 0.10% of their portfolio | 209.1k $43.4m | Reduced -35.0k |
| Birch Hill Investment Advisors LLC 1.82% of their portfolio | 198.2k $41.1m | Added +1.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 194.8k $40.4m | Added +57.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 188.2k $39.0m | Added +50.7k |
| ABSHER WEALTH MANAGEMENT, LLC 4.78% of their portfolio | 186.1k $38.6m | Added +2.6k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 184.4k $38.2m | Reduced -194.8k |
| ProShare Advisors LLC 0.08% of their portfolio | 183.1k $38.0m | Added +26.9k |
| Alyeska Investment Group, L.P. 0.13% of their portfolio | 176.4k $36.6m | Added +170.0k |
| ROYCE & ASSOCIATES LP 0.36% of their portfolio | 171.2k $35.5m | Reduced -282 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.12% of their portfolio | 156.5k $32.5m | Reduced -22.1k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 155.2k $32.2m | Reduced -8.2k |
| Interval Partners, LP 0.71% of their portfolio | 150.5k $31.2m | New |
| CM WEALTH ADVISORS LLC 9.11% of their portfolio | 148.7k $30.9m | Reduced -7.0k |
| Gotham Asset Management, LLC 0.17% of their portfolio | 135.4k $28.1m | Added +21.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 132.8k $27.5m | Added +11.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 130.5k $27.1m | Reduced -858 |
| AXA S.A. 0.07% of their portfolio | 122.1k $25.3m | Reduced -1.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 119.6k $24.8m | Added +39.7k |
| Quantinno Capital Management LP 0.11% of their portfolio | 119.6k $24.8m | Added +68.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 115.9k $24.0m | Added +61.2k |
| LORD, ABBETT & CO. LLC 0.08% of their portfolio | 114.5k $23.7m | New |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 112.1k $23.2m | Reduced -12.8k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 107.7k $22.3m | Added +8.3k |
| Legal & General Group Plc 0.01% of their portfolio | 107.3k $22.2m | Added +1.3k |
| Swiss National Bank 0.01% of their portfolio | 107.0k $22.2m | Reduced -2.4k |
| Cerity Partners LLC 0.04% of their portfolio | 106.7k $22.1m | Added +10.0k |
| ALPS ADVISORS INC 0.12% of their portfolio | 104.5k $21.7m | Reduced -709 |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 103.2k $21.4m | Added +19.1k |
| Retirement Systems of Alabama 0.08% of their portfolio | 102.8k $21.3m | Reduced -25.1k |
| California Public Employees Retirement System 0.01% of their portfolio | 97.5k $20.2m | Added +1.7k |
| Point72 Asset Management, L.P. 0.05% of their portfolio | 92.5k $19.2m | Reduced -89.3k |
| MassMutual Private Wealth & Trust, FSB 0.51% of their portfolio | 92.3k $19.1m | Added +3.0k |
| GAMCO INVESTORS, INC. ET AL 0.18% of their portfolio | 89.5k $18.6m | Unchanged |
| NATIXIS ADVISORS, LLC 0.03% of their portfolio | 88.2k $18.3m | Added +12.0k |
| COMERICA BANK 0.07% of their portfolio | 87.1k $18.1m | Added +3.6k |
| PATTEN & PATTEN INC/TN 1.16% of their portfolio | 86.3k $17.9m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 85.0k $17.6m | Added +18.9k |
| GHP Investment Advisors, Inc. 0.71% of their portfolio | 77.8k $16.1m | Reduced -723 |
| Nuveen, LLC 0.00% of their portfolio | 77.3k $16.0m | Reduced -73.7k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 77.2k $16.0m | Reduced -119.9k |
| CONGRESS ASSET MANAGEMENT CO 0.11% of their portfolio | 76.4k $15.8m | Added +4.4k |
| Distillate Capital Partners LLC 0.79% of their portfolio | 70.9k $14.7m | Reduced -3.0k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 70.1k $14.5m | Added +11.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 69.3k $14.4m | Reduced -12.8k |
| NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio | 63.0k $13.1m | Reduced -1.1k |
| DEPRINCE RACE & ZOLLO INC 0.27% of their portfolio | 61.7k $12.8m | New |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 60.3k $12.5m | Reduced -140 |
| LOGAN CAPITAL MANAGEMENT INC 0.57% of their portfolio | 58.8k $12.2m | Reduced -2.9k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 54.3k $11.2m | Added +52.1k |
| Mitsubishi UFJ Trust & Banking Corp 0.03% of their portfolio | 53.9k $11.2m | Added +36.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 53.4k $11.1m | Reduced -67 |
| LAWSON KROEKER INVESTMENT MANAGEMENT INC/NE 2.04% of their portfolio | 52.8k $10.9m | Reduced -102 |
| VAN ECK ASSOCIATES CORP 0.01% of their portfolio | 50.5k $10.5m | Reduced -9.1k |
| ROBOTTI ROBERT 1.76% of their portfolio | 50.5k $10.5m | Added +371 |
| Focus Partners Wealth 0.02% of their portfolio | 50.0k $10.4m | Added +4.8k |
| IEQ CAPITAL, LLC 0.06% of their portfolio | 47.1k $9.8m | Added +36.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 46.5k $9.6m | Added +410 |
| WealthPlan Investment Management, LLC 0.70% of their portfolio | 46.4k $9.6m | Added +5.3k |
| CANADA LIFE ASSURANCE Co 0.02% of their portfolio | 46.4k $9.6m | Reduced -839 |
| Clearstead Advisors, LLC 0.13% of their portfolio | 45.5k $9.4m | Reduced -15.9k |