Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Brightstar Lottery plc (IGT)

195 + Investors. Track Smart Money conviction in IGT. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -10
Streak
2Q ▼
Buyers last Q
50%

Smart Money Signals — IGT

Based on 199 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their IGT positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 79% of 3.0Y peak

79% of all-time peak
199 funds currently hold this stock — 79% of the 3.0-year high of 252 funds (reached 2023 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 4% fewer funds vs a year ago

fund count last 6Q
9 fewer hedge funds hold IGT compared to a year ago (-4% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 50% buying

99 buying99 selling
Last quarter: 99 funds bought or added vs 99 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~30 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 39 → 43 → 34 → 30. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

71% of holders stayed for 2+ years

■ 71% conviction (2yr+) ■ 14% medium ■ 15% new
142 out of 199 hedge funds have held IGT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +2%, value -16%

Value
-15%
Shares
+1%
Last quarter: funds added +2% more shares while total portfolio value only changed -16%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

27 → 39 → 43 → 34 → 30 new funds/Q
New funds entering each quarter: 39 → 43 → 34 → 30. IGT is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 77% veterans vs 14% newcomers

■ 77% veterans ■ 9% 1-2yr ■ 14% new
Entry-cohort mix of 209 holders: 160 (77%) are 2+ year veterans, 19 entered 1–2 years ago, and 30 (14%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 60% AUM from top-100 funds

60% from top-100 AUM funds
46 of 198 holders are among the 100 largest funds by AUM, controlling 60% of total institutional value in IGT. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.3
out of 10
Low Exit Risk
Exit risk score 2.3/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — IGT

In 2026 Q2, 99 hedge funds were net buyers of IGT (30 opened a new position, 69 added to an existing one), while 99 reduced or exited (59 trimmed, 40 sold completely) — a 50% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. 60% of total institutional value in IGT is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -10 funds (more exits than new entries). Total institutional holders: 199.

Hedge Fund Ownership: IGT

How many hedge funds hold IGT — quarterly history vs. share price
Quarterly hedge fund ownership of IGT vs. share price

Market Analysis: IGT

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: IGT

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

13 top-rated funds 1 high-conviction
Consensus
5.0
/ 10
breadth
×
Elite
1.6
/ 10
conviction
Hedge Fund Positioning: IGT
195 + Investors

Track Smart Money conviction in IGT. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 195 209 -6.7%
13F Shares 88M 86M 1.74%
Total Value $922M $1.09B -15.81%
New Positions 30 34 -4
Increased Positions 67 76 -9
Closed Positions 43 39 +4
Reduced Positions 57 67 -10
Total Calls 5 6 -16.67%
Total Puts 6 6 -
PUT/CALL Ratio 1.2 1.0 Neutral

Statistics: IGT

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Institutional Holders (2026 Q2)

195 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in IGT. Verified SEC 13F-HR filings.

QUARTER:
Top 25 IGT holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Orvieto Partners, L.P. 5.85% 837,820 $9.0M
2 Solel Partners LP 3.13% 1,720,124 $18.4M
3 Alden Global Capital LLC 2.18% 554,300 $5.9M
4 Marble Bar Asset Management LLP 1.79% 240,848 $2.6M
5 Samlyn Capital, LLC 1.32% 7,543,408 $80.9M
6 Shay Capital LLC 0.52% 761,000 $8.2M
7 Mizuho Markets Cayman LP 0.22% 542,697 $5.8M
8 GABELLI & Co INVESTMENT ADVISERS, INC. 0.21% 132,704 $1.4M
9 Lazard Asset Management LLC 0.16% 10,064,553 $107.9M
10 Carlson Capital, L.P. 0.16% 74,600 $800K
11 denkapparat Operations GmbH 0.14% 40,400 $433K
12 Ionic Capital Management LLC 0.14% 87,916 $942K
13 Quadrant Private Wealth Management, LLC 0.13% 52,501 $563K
14 R Squared Ltd 0.09% 16,326 $175K
15 Occudo Quantitative Strategies LP 0.07% 124,031 $1.3M
16 Brown Advisory Inc 0.07% 4,145,947 $44.4M
17 Dynamic Technology Lab Private Ltd 0.07% 27,727 $297K
18 Neuberger Berman Group LLC 0.06% 9,103,515 $97.7M
19 Diametric Capital, LP 0.06% 51,365 $551K
20 Osbon Capital Management LLC 0.05% 6,000 $64K
21 Inceptionr LLC 0.04% 15,013 $161K
22 Gabelli Funds LLC 0.04% 516,266 $5.5M
23 Hotchkis & Wiley Capital Management LLC 0.04% 1,121,514 $12.0M
24 Tcw Group Inc 0.03% 471,850 $5.1M
25 Readystate Asset Management LP 0.03% 89,255 $957K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Brightstar Lottery plc (IGT)

What does the Smart Money Trend signal show for IGT?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their IGT positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for IGT?

Slight buying edge — 50% buying: Last quarter: 99 funds bought or added vs 99 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for IGT holders?

Elite ownership — 60% AUM from top-100 funds: 46 of 198 holders are among the 100 largest funds by AUM, controlling 60% of total institutional value in IGT. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held IGT?

71% of holders stayed for 2+ years: 142 out of 199 hedge funds have held IGT for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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