Legence Corp (LGN) Hedge Fund Ownership (Q2 2026)

Legence Corp (LGN)

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

Smart Money Signals — LGN

Based on 263 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 4 quarters in a row

last 6Q

For 4 consecutive quarters, more hedge funds added LGN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

🏔️

At the ownership peak (100% of max)

100% of all-time peak

263 hedge funds hold LGN right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.

🚀

Fast accumulation — +26200% more funds vs a year ago

fund count last 6Q

+262 new funds entered over the past year (+26200% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.

🟢

More buyers than sellers — 69% buying

191 buying84 selling

Last quarter: 191 funds were net buyers (92 opened a brand new position + 99 added to an existing one). Only 84 were sellers (60 trimmed + 24 sold completely). A clear majority buying is a strong confirmation signal.

📈

More new buyers each quarter (+32 vs last Q)

new funds entering per quarter

Funds opening a new LGN position: 94 → 97 → 60 → 92. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔄

Mostly new holders — 70% entered in last year

■ 10% conviction (2yr+) ■ 20% medium ■ 70% new

Only 26 funds (10%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

💰

Price up while funds trimmed (+38% value, -1% shares)

Value

+38%

Last quarter: total value of institutional LGN holdings rose +38% even though funds reduced share count by 1%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.

📊

Peak discovery — momentum slowing

1 → 94 → 97 → 60 → 92 new funds/Q

New funds entering each quarter: 94 → 97 → 60 → 92. LGN is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.

🌱

Early stage — 84% of holders entered in last year

■ 16% veterans ■ 0% 1-2yr ■ 84% new

Of 269 current holders: 225 (84%) entered in the past year, only 44 (16%) are 2+ year veterans. This is an early-phase institutional idea — still being discovered. High upside potential if the thesis plays out, but thin conviction base.

🏆

Elite ownership — 42% AUM from top-100 funds

42% from top-100 AUM funds

53 of 263 holders are among the 100 largest funds by AUM, controlling 42% of total institutional value in LGN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

6.7

out of 10

Moderate Exit Risk

Exit risk score 6.7/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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.

Metric	All 13F Filers (2026 Q2)	Prior (2026 Q1)	Change
Funds Holding	262	195	34.36%
13F Shares	72M	72M	-0.92%
Total Value	$5.53B	$4.00B	38.47%
New Positions	91	60	+31
Increased Positions	99	78	+21
Closed Positions	24	32	-8
Reduced Positions	58	45	+13
Total Calls	3	4	-25.0%
Total Puts	3	0	100%
PUT/CALL Ratio	1.0	0.0	Neutral

Metric

All 13F Filers (2026 Q2)

Prior (2026 Q1)

Change

Funds Holding

262

195

34.36%

13F Shares

72M

-0.92%

Total Value

$5.53B

$4.00B

38.47%

New Positions

+31

Increased Positions

+21

Closed Positions

-8

Reduced Positions

+13

Total Calls

-25.0%

Total Puts

100%

PUT/CALL Ratio

1.0

0.0

Neutral

Institutional Holders (2026 Q2)

262 + investors

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

QUARTER:

FILTER:All New Added To Reduced No Change | Overweight >5%

Top 25 LGN holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Goodlander Investment Management, LLC	10.03%	390,000	$33.2M
2	Engle Capital Management, L.P.	8.48%	362,199	$30.9M
3	Capelight Capital Asset Management LP	6.75%	165,000	$14.1M
4	180 GPS Investments IC Ltd	5.89%	93,429	$8.0M
5	Forest Avenue Capital Management LP	5.54%	1,546,512	$131.8M
6	Summit Creek Advisors LLC	2.67%	92,167	$7.9M
7	Scalar Gauge Management, LLC	2.39%	51,000	$4.3M
8	Seven Grand Managers, LLC	2.06%	600,000	$51.1M
9	Williamson Legacy Group, LLC	1.75%	41,267	$3.5M
10	Penn Capital Management Company, LLC	1.69%	311,830	$26.6M
11	Munro Partners	1.46%	779,617	$66.4M
12	Renaissance Capital LLC	1.37%	29,243	$2.5M
13	Merewether Investment Management, LP	1.37%	852,658	$72.7M
14	Emerald Advisers, LLC	1.31%	653,788	$55.7M
15	Emerald Mutual Fund Advisers Trust	1.27%	425,628	$36.3M
16	Element Squared LLC	1.22%	28,832	$2.5M
17	Potrero Capital Research LLC	1.19%	25,059	$2.1M
18	Yaupon Capital Management LP	1.05%	627,256	$53.5M
19	Conestoga Capital Advisors, LLC	0.94%	506,578	$43.2M
20	G2 Investment Partners Management LLC	0.93%	60,000	$5.1M
21	Ghisallo Capital Management LLC	0.84%	500,000	$42.6M
22	Alpha Financial Partners LLC	0.80%	17,867	$1.5M
23	Turas Capital Management LP	0.79%	20,200	$1.7M
24	Burkehill Global Management, LP	0.62%	200,000	$17.0M
25	Peregrine Capital Management LLC	0.57%	206,500	$17.6M

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 — Legence Corp (LGN)

What does the Smart Money Trend signal show for LGN?

Buying streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds added LGN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for LGN?

More buyers than sellers — 69% buying: Last quarter: 191 funds were net buyers (92 opened a brand new position + 99 added to an existing one). Only 84 were sellers (60 trimmed + 24 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for LGN holders?

Elite ownership — 42% AUM from top-100 funds: 53 of 263 holders are among the 100 largest funds by AUM, controlling 42% of total institutional value in LGN. 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 LGN?

Mostly new holders — 70% entered in last year: Only 26 funds (10%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

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.

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Legence Corp (LGN)

Smart Money Signals — LGN

Buying streak — 4 quarters in a row

At the ownership peak (100% of max)

Fast accumulation — +26200% more funds vs a year ago

More buyers than sellers — 69% buying

More new buyers each quarter (+32 vs last Q)

Mostly new holders — 70% entered in last year

Price up while funds trimmed (+38% value, -1% shares)

Peak discovery — momentum slowing

Early stage — 84% of holders entered in last year

Elite ownership — 42% AUM from top-100 funds

Institutional Sentiment Summary — LGN

Hedge Fund Ownership: LGN

Market Analysis: LGN

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: LGN

Hedge Fund Positioning: LGN

Statistics: LGN

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q2)

Frequently Asked Questions — Legence Corp (LGN)

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