Shell Asset Management Co reports 53.15% decrease in ownership of LZB / La-Z-Boy Incorporated

La-Z-Boy Incorporated

US ˙ NYSE ˙ US5053361078

Security	LZB / La-Z-Boy Incorporated
Institution	Shell Asset Management Co
Latest Disclosed Ownership	2,440 shares
Latest Disclosed Value	$ 84

On November 7, 2025 - Shell Asset Management Co filed a 13F-HR form disclosing ownership of 2,440 shares of La-Z-Boy Incorporated (US:LZB) valued at $83,741 USD as of September 30, 2025. The entity filed a previous 13F-HR on July 23, 2025 disclosing 5,208 shares of La-Z-Boy Incorporated. The current value of the position is $88,938 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)

File Date	Effective Date	Form	Security	Class	ID	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2025-11-07	2025-09-30	13F	LA Z BOY	COM	505336107	2,440	-2,768	-53.15	0		0.0084
2025-07-23	2025-06-30	13F	LA Z BOY	COM	505336107	5,208	-996	-16.05	0		0.0067
2025-05-14	2025-03-31	13F	LA Z BOY	COM	505336107	6,204	-252	-3.90	0		0.0115
2025-02-14	2024-12-31	13F	LA Z BOY	COM	505336107	6,456	0	0.00	0		0.0123
2024-11-07	2024-09-30	13F	LA Z BOY	COM	505336107	6,456	-2,526	-28.12	0		0.0122
2024-07-25	2024-03-31	13F	LA Z BOY	COM	505336107	8,982	-908	-9.18	0		0.0153
2024-02-14	2023-12-31	13F	LA Z BOY	COM	505336107	9,890	-2,981	-23.16	0		0.0169
2023-11-08	2023-09-30	13F	LA Z BOY	COM	505336107	12,871	-200	-1.53	0		0.0164
2023-07-28	2023-06-30	13F	LA Z BOY	COM	505336107	13,071	-73	-0.56	0		0.0148
2023-05-15	2023-03-31	13F	LA Z BOY	COM	505336107	13,144	-46	-0.35	0		0.0159
2023-02-07	2022-12-31	13F	LA Z BOY	COM	505336107	13,190	-2,833	-17.68	0	-100.00	0.0132
2022-11-14	2022-09-30	13F	LA Z BOY	COM	505336107	16,023	-4,221	-20.85	362	-24.58	0.0141
2022-08-09	2022-06-30	13F	LA Z BOY	COM	505336107	20,244	26	0.13	480	-9.94	0.0142
2022-05-04	2022-03-31	13F	LA Z BOY	COM	505336107	20,218	-2,973	-12.82	533	-36.70	0.0126
2022-02-09	2021-12-31	13F	LA Z BOY	COM	505336107	23,191	110	0.48	842	13.17	0.0173
2021-11-04	2021-09-30	13F	LA Z BOY	COM	505336107	23,081	-1,020	-4.23	744	-16.69	0.0167
2021-08-12	2021-06-30	13F	LA Z BOY	COM	505336107	24,101	1,300	5.70	893	-7.84	0.0173
2021-05-10	2021-03-31	13F	LA Z BOY	COM	505336107	22,801	-130	-0.57	969	6.02	0.0194
2021-02-16	2020-12-31	13F	LA Z BOY	COM	505336107	22,931	0	0.00	914	26.07	0.0189
2020-11-13	2020-09-30	13F	LA Z BOY	COM	505336107	22,931	0	0.00	725	16.75	0.0169
2020-08-10	2020-06-30	13F	LA Z BOY	COM	505336107	22,931	-8,658	-27.41	621	-4.31	0.0155
2020-05-11	2020-03-31	13F	LA Z BOY	COM	505336107	31,589	-482	-1.50	649	-35.74	0.0181
2020-02-13	2019-12-31	13F	LA Z BOY	COM	505336107	32,071	-824	-2.50	1,010	-8.60	0.0218
2019-11-12	2019-09-30	13F	LA Z BOY	COM	505336107	32,895	-285	-0.86	1,105	8.65	0.0252
2019-08-12	2019-06-30	13F	LA Z BOY	COM	505336107	33,180	-758	-2.23	1,017	-9.20	0.0225
2019-05-09	2019-03-31	13F	LA Z BOY	COM	505336107	33,938	0	0.00	1,120	19.15	0.0247
2019-02-13	2018-12-31	13F	LA Z BOY	COM	505336107	33,938	-2,900	-7.87	940	-19.24	0.0234
2018-11-13	2018-09-30	13F	LA Z BOY	COM	505336107	36,838	-4,807	-11.54	1,164	-8.63	0.0230
2018-08-10	2018-06-30	13F	LA Z BOY	COM	505336107	41,645	-2,229	-5.08	1,274	-3.04	0.0261
2018-05-14	2018-03-31	13F	LA Z BOY	COM	505336107	43,874	0	0.00	1,314	-4.02	0.0262
2018-02-09	2017-12-31	13F	LA Z BOY	COM	505336107	43,874	0	0.00	1,369	16.02	0.0272
2017-10-20	2017-09-30	13F/A-1	LA Z BOY	COM	505336107	43,874	-1,100	-2.45	1,180	-19.29	0.0262
2017-10-18	2017-09-30	13F	LA Z BOY	COM	505336107	86,628	41,654		1,714
2017-07-26	2017-06-30	13F	LA Z BOY	COM	505336107	44,974	0	0.00	1,462	20.43	0.0363
2017-04-26	2017-03-31	13F	LA Z BOY	COM	505336107	44,974	-24,023	-34.82	1,214	-43.32	0.0310
2017-01-10	2016-12-31	13F	LA Z BOY	COM	505336107	68,997	-607	-0.87	2,142	25.34	0.0579
2016-10-28	2016-09-30	13F	LA Z BOY	COM	505336107	69,604	-3,184	-4.37	1,709	-15.60	0.0409
2016-07-25	2016-06-30	13F	LA Z BOY	COM	505336107	72,788	-4,136	-5.38	2,025	-1.56	0.0470
2016-05-11	2016-03-31	13F	LA Z BOY	COM	505336107	76,924	-4,603	-5.65	2,057	3.31	0.0493
2016-02-05	2015-12-31	13F	LA Z BOY	COM	505336107	81,527	-5,101	-5.89	1,991	16.16	0.0470
2015-10-13	2015-09-30	13F	LA Z BOY	COM	505336107	86,628	4,042	4.89	1,714	-21.20	0.0272
2015-07-30	2015-06-30	13F	LA Z BOY	COM	505336107	82,586	-3,788	-4.39	2,175	-10.42	0.0435
2015-05-07	2015-03-31	13F	LA Z BOY	COM	505336107	86,374	86,374	0.00	2,428		0.0423
2015-02-04	2014-12-31	13F	LA Z BOY	COM	505336107	0	-86,628	-100.00	0	-100.00
2014-10-24	2014-09-30	13F	LA Z BOY	COM	505336107	86,628	8,088	10.30	1,714	-5.82	0.0266
2014-08-08	2014-06-30	13F	LA Z BOY	COM	505336107	78,540	-913	-1.15	1,820	-15.47	0.0281
2014-05-07	2014-03-31	13F	LA Z BOY	COM	505336107	79,453	-321	-0.40	2,153	-12.94	0.0358
2014-02-03	2013-12-31	13F/A-1	LA Z BOY	COM	505336107	79,774	79,774		2,473		0.0421
2014-01-27	2013-12-31	13F	LA Z BOY	COM	505336107	79,774			2,473		0.0421

Legend

Shares: The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value: The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price: The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class: This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred

Allocation (%): The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation: The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%): The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis: The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss: This is the market value of the position as of the effective date minus the cost basis.