Artisan Partners Reduces Stake in Lamar Advertising

Hedge fund cuts position in outdoor advertising company by 7.5% in Q3

Published on Feb. 28, 2026

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Artisan Partners Limited Partnership reduced its stake in Lamar Advertising Company (NASDAQ:LAMR) by 7.5% during the third quarter, according to a recent 13F filing. The firm now owns 626,285 shares of the real estate investment trust's stock, worth $76.67 million, representing a 0.62% ownership position.

Why it matters

Lamar Advertising is one of the largest outdoor advertising companies in North America, operating a portfolio of traditional static billboards and a growing network of digital displays. Tracking changes in institutional ownership can provide insights into how major investors view the company's prospects.

The details

Artisan Partners, an investment management firm, sold 50,686 shares of Lamar Advertising during the third quarter. The firm now holds a 0.62% stake in the company, down from 0.67% previously. Lamar Advertising's stock has risen over 10% in the past year as the company continues to benefit from the recovery in advertising spending.

  • Artisan Partners reduced its Lamar Advertising stake during the third quarter of 2026.

The players

Artisan Partners Limited Partnership

An investment management firm that reduced its position in Lamar Advertising during the third quarter.

Lamar Advertising Company

A real estate investment trust that operates a portfolio of traditional static billboards and digital displays across North America.

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The takeaway

The reduction in Artisan Partners' stake in Lamar Advertising suggests the hedge fund may have a more cautious outlook on the outdoor advertising company's near-term prospects, even as the industry continues to recover from the pandemic.