Lamar Advertising Co: which funds bought and sold

Institutions that bought and sold Lamar Advertising shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 418 institutions that filed 13F reports for both quarters added to or opened positions in Lamar Advertising, and 275 cut or closed them. Together they sold a net 870K shares, −1.1% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 1.3M shares (−6.4%); index fund managers were net buyers of 23K shares (+0.1%). 123 opened a new position and 40 sold out entirely.

Bought, Q2 2026 418 institutions, 123 of them new holders Sold, Q2 2026 275 institutions, 40 of them sold out

Net change, all compared −870K shares (−1.1%)

Net change, active managers −1.3M shares (−6.4%), 33 bought, 30 sold

Buyers versus sellers

institutions compared, 806

418 bought 113 275 sold

Active managers and hedge funds 33 bought · 30 sold · −1.3M

Index fund managers 8 bought · 4 sold · +23K

Other institutions 377 bought · 241 sold · +425K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Jane Street Group, LLC	+334K New position	334K	$52.1M
Epoch Investment Partners, Inc.	+328K New position	328K	$51.2M
Goldman Sachs Group Inc	+298K +87.4%	638K	$99.6M
Geode Capital Management, LLC Index funds	+274K +10.8%	2.8M	$438M
Marshall Wace, LLP Hedge fund	+207K New position	207K	$32.3M
Quantinno Capital Management LP	+196K +29.0%	874K	$136M
AQR Capital Management LLC Hedge fund	+189K +15.2%	1.4M	$222M
HRT Financial LP	+151K +518.9%	180K	$28.1M
Jain Global LLC Hedge fund	+151K New position	151K	$23.5M
Arrowstreet Capital, Limited Partnership Hedge fund	+146K +1603.4%	155K	$24.2M
Millennium Management LLC Hedge fund	+103K New position	103K	$16.1M
Los Angeles Capital Management LLC Active manager	+96K +26342.9%	97K	$15.1M
Mackenzie Financial Corp	+92K +2054.0%	96K	$15M
Merit Financial Group, LLC	+89K +1243.1%	97K	$15.1M
D. E. Shaw & Co., Inc. Hedge fund	+86K +1161.3%	94K	$14.6M
Centersquare Investment Management LLC	+86K +31.1%	362K	$56.5M
Cambridge Investment Research Advisors, Inc.	+85K +970.4%	94K	$14.7M
Panagora Asset Management Inc Active manager	+84K +87.0%	180K	$28.1M
Norden Group LLC	+83K New position	83K	$12.9M
Boston Partners Active manager	+81K +3.6%	2.3M	$361M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Marshall Wace, LLP Hedge fund	+207K New position	207K	$32.3M
AQR Capital Management LLC Hedge fund	+189K +15.2%	1.4M	$222M
Jain Global LLC Hedge fund	+151K New position	151K	$23.5M
Arrowstreet Capital, Limited Partnership Hedge fund	+146K +1603.4%	155K	$24.2M
Millennium Management LLC Hedge fund	+103K New position	103K	$16.1M
Los Angeles Capital Management LLC Active manager	+96K +26342.9%	97K	$15.1M
D. E. Shaw & Co., Inc. Hedge fund	+86K +1161.3%	94K	$14.6M
Panagora Asset Management Inc Active manager	+84K +87.0%	180K	$28.1M
Boston Partners Active manager	+81K +3.6%	2.3M	$361M
Gotham Asset Management, LLC Hedge fund	+49K +54.7%	139K	$21.7M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
FMR LLC Active manager	−633K −16.6%	3.2M	$494M
Canada Pension Plan Investment Board	−611K −45.2%	742K	$116M
Victory Capital Management Inc Active manager	−568K −19.5%	2.3M	$365M
Blackrock, Inc. Index funds	−368K −3.7%	9.6M	$1.5B
Select Equity Group, L.P. Active manager	−331K −70.2%	140K	$21.9M
Cohen & Steers, Inc.	−298K −12.4%	2.1M	$329M
Nuveen, LLC	−221K −28.1%	563K	$87.9M
Daiwa Securities Group Inc.	−220K −18.8%	947K	$148M
Massachusetts Financial Services Co Active manager	−220K −30.2%	508K	$84.6M
59 North Capital Management, LP Hedge fund	−191K Sold out	0	—
Price T Rowe Associates Inc Active manager	−186K −14.9%	1.1M	$165M
Artisan Partners Limited Partnership Active manager	−177K −38.1%	288K	$44.9M
Two Sigma Investments, LP Hedge fund	−140K −44.2%	177K	$27.6M
Invesco Ltd.	−140K −13.0%	937K	$146M
Cbre Investment Management Listed Real Assets LLC	−125K Sold out	0	—
SG Americas Securities, LLC	−83K −87.5%	12K	$1.8M
Davenport & Co LLC	−71K −6.6%	1.0M	$158M
Strs Ohio	−56K Sold out	0	—
UBS Group AG	−55K −16.2%	286K	$44.6M
Voloridge Investment Management, LLC Hedge fund	−54K −89.6%	6,284	$980,178

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
FMR LLC Active manager	−633K −16.6%	3.2M	$494M
Victory Capital Management Inc Active manager	−568K −19.5%	2.3M	$365M
Select Equity Group, L.P. Active manager	−331K −70.2%	140K	$21.9M
Massachusetts Financial Services Co Active manager	−220K −30.2%	508K	$84.6M
59 North Capital Management, LP Hedge fund	−191K Sold out	0	—
Price T Rowe Associates Inc Active manager	−186K −14.9%	1.1M	$165M
Artisan Partners Limited Partnership Active manager	−177K −38.1%	288K	$44.9M
Two Sigma Investments, LP Hedge fund	−140K −44.2%	177K	$27.6M
Voloridge Investment Management, LLC Hedge fund	−54K −89.6%	6,284	$980,178
Acadian Asset Management LLC Active manager	−40K −47.2%	45K	$7M

New positions

largest by value

Institution	Shares	Value June 30, 2026
Jane Street Group, LLC	334K	$52.1M
Epoch Investment Partners, Inc.	328K	$51.2M
Marshall Wace, LLPHedge fund	207K	$32.3M
Jain Global LLCHedge fund	151K	$23.5M
Millennium Management LLCHedge fund	103K	$16.1M
Norden Group LLC	83K	$12.9M
TD Asset Management Inc	36K	$5.6M
Algert Global LLCHedge fund	28K	$4.4M
Milestone Asset Management, LLC	20K	$3.1M
Exit Wealth Advisors, Llc.	18K	$2.7M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
59 North Capital Management, LPHedge fund	191K	$24.2M
Cbre Investment Management Listed Real Assets LLC	125K	$15.8M
Strs Ohio	56K	$7.1M
Engineers Gate Manager LPHedge fund	21K	$2.6M
Ontario Teachers Pension Plan Board	11K	$1.4M
Quadrant Capital Group LLC	9,818	$1.2M
Convergence Investment Partners, LLC	6,370	$806,824
Ascentis Independent Advisors	5,231	$662,558
K.J. Harrison & Partners Inc	4,000	$506,640
Mqs Management LLC	3,607	$456,863

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 777
Ten largest holders: 45.8%
Index fund managers: 35.3%
Active managers and hedge funds: 22.7%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	33	30	13	3	−1.3M	−6.4%
Index fund managers	8	4	1	0	+23K	+0.1%
Other institutions	377	241	109	37	+425K	+1.3%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Lamar Advertising.

Only managers that filed a holdings report for both quarters are compared (806 here). 20 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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