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Highlights
Empowered Funds LLC decreased its stake in Louisiana-Pacific Co. (NYSE:LPX) by 53.8% during the fourth quarter.
Multiple hedge funds adjusted their positions in the building manufacturing company.
Institutional investors collectively own a significant percentage of Louisiana-Pacific's shares.
Institutional Adjustment in Louisiana-Pacific Holdings
Louisiana-Pacific Co. operates within the building materials sector, producing engineered wood products for construction and remodeling applications. The company plays a key role in supplying materials to residential and commercial projects.
Empowered Funds LLC reduced its position in Louisiana-Pacific by selling 10,691 shares during the fourth quarter. As per the latest filing with the Securities and Exchange Commission, the firm now holds 9,190 shares. The reported value of these shares at the time of filing stood at approximately $952,000.
Other Institutional Holdings Modifications
Various hedge funds and institutional investors also adjusted their stakes in Louisiana-Pacific. Healthcare of Ontario Pension Plan Trust Fund increased its position in the company during the third quarter, adding 5,645 shares. The fund now holds 21,045 shares, valued at approximately $2,261,000.
Miracle Mile Advisors LLC made a significant adjustment in the fourth quarter, raising its holdings by 269.7%. This firm now owns 41,698 shares after acquiring 30,418 additional shares. The updated value of this position is approximately $4,318,000.
Symphony Financial Ltd. Co. entered a new position in Louisiana-Pacific during the fourth quarter, purchasing shares valued at approximately $259,000.
Increase in Positions by Multiple Investment Firms
Ritholtz Wealth Management expanded its holdings in Louisiana-Pacific by 65.0% in the fourth quarter. The firm acquired an additional 2,907 shares, bringing its total ownership to 7,381 shares, with an approximate valuation of $764,000.
Bamco Inc. NY also raised its stake in Louisiana-Pacific during the third quarter. The firm increased its holdings by 65.7%, adding 204,828 shares to its portfolio. Bamco Inc. NY now holds 516,472 shares, with an estimated value of $55,500,000.
Broad Institutional Ownership Trends
As of the latest reports, institutional investors collectively own approximately 94.73% of Louisiana-Pacific’s shares. These ownership trends indicate active management of positions among hedge funds and investment firms.
The building materials industry remains a key sector for institutional investors, with Louisiana-Pacific continuing to attract attention from multiple firms adjusting their holdings in response to market conditions and company performance.
