LW in the 13F filings

Lamb Weston HLDGS Inc · CUSIP 513272104

Quarter

Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023

Quarter end: 30 Sep 2023; the date the book describes
Filed: 14 Nov 2023; latest of these filings; the earliest 7 Nov 2023
Managers listing it: 18; at least, of 95 tracked, among listed positions
Comparable managers: 93; filed both Q2 2023 and Q3 2023; 14 listed it in both
Shares listed: 16,098,321; combined, among listed positions
Reported value: $1.5bn; combined, at the quarter end

Managers listing LW in Q3 2023

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q2 2023, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

ActionShare of book at least

18 of 18 holders

				Action		Filing
Citadel Advisors LLC	3,787,836	$350m	0.08%	Added	+1,411,525	14 Nov 2023 (the filing on sec.gov)
Invesco Ltd	3,417,548	$316m	0.09%	Added	+77,937	13 Nov 2023 (the filing on sec.gov)
Point72 Asset Management LP	1,478,876	$137m	0.40%	Trimmed	-259,557	14 Nov 2023 (the filing on sec.gov)
Marshall Wace LLP	1,451,426	$134m	0.27%	Added	+961,222	14 Nov 2023 (the filing on sec.gov)
Holocene Advisors LP	1,348,622	$125m	0.55%	Added	+712,420	14 Nov 2023 (the filing on sec.gov)
Millennium Management LLC	1,278,075	$118m	0.06%	Added	+458,673	14 Nov 2023 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC	746,424	$69m	0.54%	Added	+409,810	14 Nov 2023 (the filing on sec.gov)
Man Group PLC	723,151	$67m	0.21%	Added	+536,930	14 Nov 2023 (the filing on sec.gov)
Neuberger Berman Group LLC	571,137	$53m	under 0.1%	Added	+267,725	14 Nov 2023 (the filing on sec.gov)
Arrowstreet Capital LP	500,605	$46m	0.06%	Added	+91,547	14 Nov 2023 (the filing on sec.gov)
Bridgewater Associates LP	493,597	$46m	0.28%	Added	+298	13 Nov 2023 (the filing on sec.gov)
ExodusPoint Capital Management LP	93,922	$8.7m	0.08%	Added	+31,827	13 Nov 2023 (the filing on sec.gov)
Verition Fund Management LLC	75,561	$7.0m	0.08%	Added	n.a.	14 Nov 2023 (the filing on sec.gov)
Acadian Asset Management LLC	60,183	$5.6m	under 0.1%	Trimmed	-92,019	13 Nov 2023 (the filing on sec.gov)
Hudson Bay Capital Management LP	31,387	$2.9m	under 0.1%	New	new	14 Nov 2023 (the filing on sec.gov)
Quantbot Technologies LP	22,100	$2.0m	0.14%	New	new	7 Nov 2023 (the filing on sec.gov)
Element Capital Management LLC	15,313	$1.4m	0.13%	Trimmed	-3,011	14 Nov 2023 (the filing on sec.gov)
Brevan Howard Capital Management LP	2,558	$237k	under 0.1%	New	new	14 Nov 2023 (the filing on sec.gov)

What managers have written about LW

Shown because the letter names the company. A letter is commentary; it is not a record of why a position changed.

JANA Partners' second letter to Lamb Weston's board, on what shareholders told it27 Jan 2025 · Activist letter · Subject of the letter · Jana Partners’ 13F
Before the letter
31 Dec 2024 (Q4 2024 13F): 7,131,339 shares, reported at $477m.
After the letter
31 Mar 2025 (Q1 2025 13F): 7,985,426 shares, reported at $426m.
854,087 more shares listed at 31 Mar 2025 than at 31 Dec 2024.
JANA Partners' letter to the Lamb Weston board on its record and a possible sale16 Dec 2024 · Activist letter · Subject of the letter · Jana Partners’ 13F
Before the letter
30 Sep 2024 (Q3 2024 13F): 3,526,754 shares, reported at $228m.
After the letter
31 Dec 2024 (Q4 2024 13F): 7,131,339 shares, reported at $477m.
3,604,585 more shares listed at 31 Dec 2024 than at 30 Sep 2024.

Every letter beside its positions →

Largest increases and reductions, by shares

Q2 2023 to Q3 2023, among managers that listed it in both quarters or opened it.

Increases

Citadel Advisors LLCexisting position · 3,787,836 shares now+1,411,525
Marshall Wace LLPexisting position · 1,451,426 shares now+961,222
Holocene Advisors LPexisting position · 1,348,622 shares now+712,420
Man Group PLCexisting position · 723,151 shares now+536,930
Millennium Management LLCexisting position · 1,278,075 shares now+458,673

Reductions

Point72 Asset Management LPexisting position · 1,478,876 shares now-259,557
Acadian Asset Management LLCexisting position · 60,183 shares now-92,019
Element Capital Management LLCexisting position · 15,313 shares now-3,011

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

New (3)

Hudson Bay Capital Management LP$2.9m
Quantbot Technologies LP$2.0m
Brevan Howard Capital Management LP$237k

Exited (3)

Balyasny Asset Management LLCwas $67m
Davidson Kempner Capital Management LPwas $6.3m
Caxton Associates LLPwas $257k

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.

9 in Q3 2024 to 7 in Q2 2026

Tracked managers listing it, at least.

the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.

LW by quarter
Quarter	Holders	Reported value	Buyers	Sellers
Q4 2016	16	$584m	n.a.	n.a.
Q1 2017	16	$605m	n.a.	n.a.
Q2 2017	16	$685m	n.a.	n.a.
Q3 2017	12	$878m	n.a.	n.a.
Q4 2017	14	$1.4bn	n.a.	n.a.
Q1 2018	14	$1.6bn	n.a.	n.a.
Q2 2018	16	$1.8bn	n.a.	n.a.
Q3 2018	18	$1.8bn	n.a.	n.a.
Q4 2018	21	$2.1bn	n.a.	n.a.
Q1 2019	24	$2.3bn	n.a.	n.a.
Q2 2019	17	$1.5bn	n.a.	n.a.
Q3 2019	13	$1.5bn	n.a.	n.a.
Q4 2019	17	$1.5bn	n.a.	n.a.
Q1 2020	19	$1.1bn	n.a.	n.a.
Q2 2020	15	$1.5bn	n.a.	n.a.
Q3 2020	15	$1.6bn	n.a.	n.a.
Q4 2020	11	$1.5bn	n.a.	n.a.
Q1 2021	11	$1.4bn	n.a.	n.a.
Q2 2021	11	$1.2bn	n.a.	n.a.
Q3 2021	10	$587m	n.a.	n.a.
Q4 2021	10	$1.3bn	n.a.	n.a.
Q1 2022	8	$1.0bn	n.a.	n.a.
Q2 2022	13	$1.1bn	n.a.	n.a.
Q3 2022	19	$891m	n.a.	n.a.
Q4 2022	23	$1.2bn	n.a.	n.a.
Q1 2023	21	$1.5bn	n.a.	n.a.
Q2 2023	19	$1.7bn	n.a.	n.a.
Q3 2023	18	$1.5bn	n.a.	n.a.
Q4 2023	18	$2.4bn	10	11
Q1 2024	11	$1.9bn	4	10
Q2 2024	8	$1.8bn	7	4
Q3 2024	9	$1.3bn	7	4
Q4 2024	13	$1.9bn	8	4
Q1 2025	14	$1.0bn	8	6
Q2 2025	11	$1.0bn	7	5
Q3 2025	12	$1.3bn	9	4
Q4 2025	4	$782m	10	27
Q1 2026	7	$943m	16	17
Q2 2026	7	$1.1bn	17	14

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

LW and PM →LW and KO →LW and COST →Choose a stock to compare with LW →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own LW, latest filings →Back to the 13F Explorer →

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