LIGHT & WONDER INC LNWO
COM · Common Stock · CUSIP 80874P109
American electronic gaming and gambling company
- SectorTechnology
- IndustryServices-Computer Integrated Systems Design
- HeadquartersLas Vegas, NV
- Founded1973
- Websitescientificgames.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. Holder counts are more reliable. Shares outstanding: 77.0m as of 2026-07-31, 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 ≈ $78.52.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 206 |
| Q4 2022 | 211 |
| Q1 2023 | 209 |
| Q2 2023 | 211 |
| Q3 2023 | 213 |
| Q4 2023 | 263 |
| Q1 2024 | 265 |
| Q2 2024 | 278 |
| Q3 2024 | 288 |
| Q4 2024 | 261 |
| Q1 2025 | 282 |
| Q2 2025 | 284 |
| Q3 2025 | 288 |
| Q4 2025 | 29 |
| Q1 2026 | 6 |
| Q2 2026 | 4 |
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 2024 | 141 | 153 |
| Q4 2024 | 88 | 180 |
| Q1 2025 | 152 | 134 |
| Q2 2025 | 135 | 164 |
| Q3 2025 | 144 | 154 |
| Q4 2025 | 7 | 273 |
| Q1 2026 | 1 | 25 |
| Q2 2026 | 0 | 4 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $16.6m | $14.4m | 0.87 |
| Q4 2025 | $30.9k | $123.7k | 4.00 |
| Q1 2026 | $0 | $0 | — |
| Q2 2026 | $0 | $0 | — |
Biggest buyers
| None |
Biggest sellers
| CFG Wealth Management Services, Inc. | Sold out | -950 |
| Hanson & Doremus Investment Management | Sold out | -700 |
| HANTZ FINANCIAL SERVICES, INC. | Reduced | -216 |
| GAMMA Investing LLC | Reduced | -163 |
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 |
|---|---|
| Fine Capital Partners, L.P. 13G · passive investor filed 2025-11-07 | 10.1% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-05-01 | 5.7% |
| Caledonia (Private) Investments Pty Ltd 13G · institution -4.3 pts · filed 2026-08-31 | 5.4% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC), BlackRock, Inc. (0.9%, 2026-01-21)
Insider purchases and sales since 1 Apr 2026
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 |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 6 | $3.5m | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 4 | $3.2m | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 4 | $3.9m | — |
| Q2 2026 | 0 | — | 2 | $2.7m | — |
| Q3 2026 | 0 | — | 4 | $4.2m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-09 | McLennan Hamish Director | Sold | $330.3k3.7k shares |
| 2026-08-18 | Odell Jamie Director | Sold | $3.7m40.0k shares |
| 2026-08-18 | Korsanos Antonia Director | Sold | $3.6m39.4k shares |
| 2026-08-06 | Lane Siobhan SVP & CEO - Gaming | Sold | $166.6k2.0k shares |
| 2026-06-16 | Korsanos Antonia Director | Sold | $2.7m30.0k shares |
| 2026-06-16 | Odell Jamie Director | Sold | $2.7m30.0k shares |
| 2026-04-29 | Fine Capital Partners, L.P. +2 10% owner · (See Footnote) | Sold | $6.6m80.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| HANTZ FINANCIAL SERVICES, INC. 0.00% of their portfolio | 507 $39.0k | Reduced -216 |
| GAMMA Investing LLC 0.00% of their portfolio | 475 $36.8k | Reduced -163 |
| HUNTINGTON NATIONAL BANK 0.00% of their portfolio | 301 $23.3k | Unchanged |
| Front Row Advisors LLC 0.00% of their portfolio | 125 $11.4k | Unchanged |