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Accel Entertainment
ACEL

39 hedge funds and large institutions have $318M invested in Accel Entertainment in 2019 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 7 increasing their positions, 4 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

75% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 4

11% less funds holding

Funds holding: 44 → 39 (-5)

15% less capital invested

Capital invested by funds: $376M → $318M (-$57.3M)

16% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 32

47.97% less ownership

Funds ownership: 81.2% → 33.23% (-48%)

50% less funds holding in top 10

Funds holding in top 10: 6 → 3 (-3)

Holders
39
Holders Change
-5
Holders Change %
-11.36%
% of All Funds
0.77%
Holding in Top 10
3
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-50%
% of All Funds
0.06%
New
27
Increased
7
Reduced
4
Closed
32
Calls
$1.45M
Puts
–
Net Calls
+$1.45M
Net Calls Change
-$1.68M

Top Buyers

1
TGHSA
TPG Group Holdings (SBS) Advisors
Texas
+$40.7M
2
FCIM
Fairview Capital Investment Management
California
+$32.9M
3
CPM
Crescent Park Management
California
+$26.8M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$25.4M
5
PWAM
Park West Asset Management
California
+$17.2M

Top Sellers

1
GCL
Glazer Capital LLC
New York
-$34.1M
2
UOC
UBS O'Connor
Illinois
-$33.9M
3
Deutsche Bank
Deutsche Bank
Germany
-$28.6M
4
GL
Governors Lane
New York
-$21.4M
5
BCM
BlueCrest Capital Management
Jersey
-$17.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
California Public Employees Retirement System
26
California Public Employees Retirement System
California
$434K +$244K +22,400 +182%
MFIM
27
Mesirow Financial Investment Management
Illinois
$364K +$317K +29,137 New
Allianz Asset Management
28
Allianz Asset Management
Germany
$327K +$285K +26,161 New
Cambridge Investment Research Advisors
29
Cambridge Investment Research Advisors
Iowa
$197K +$61.1K +5,620 +56%
Citigroup
30
Citigroup
New York
$180K +$157K +14,419 New
CC
31
Centiva Capital
New York
$178K +$155K +14,223 New
FBCM
32
Fort Baker Capital Management
California
$169K +$147K +13,500 New
TI
33
Trexquant Investment
Connecticut
$154K +$134K +12,289 New
Fifth Third Bancorp
34
Fifth Third Bancorp
Ohio
$121K – – –
GGHC
35
Gilder Gagnon Howe & Co
New York
$30K +$26.1K +2,400 New
Morgan Stanley
36
Morgan Stanley
New York
$25K -$59.7K -5,492 -73%
Bank of Montreal
37
Bank of Montreal
Ontario, Canada
$21K +$18.5K +1,700 New
UBS Group
38
UBS Group
Switzerland
$18K +$16K +1,469 New
LTFS
39
Ladenburg Thalmann Financial Services
Florida
$1K +$1.09K +100 New
GCL
40
Glazer Capital LLC
New York
– -$34.1M -3,320,362 Closed
UOC
41
UBS O'Connor
Illinois
– -$33.9M -3,120,000 Closed
Deutsche Bank
42
Deutsche Bank
Germany
– -$28.6M -2,784,278 Closed
GL
43
Governors Lane
New York
– -$21.4M -2,078,114 Closed
BCM
44
BlueCrest Capital Management
Jersey
– -$17.4M -1,690,400 Closed
ACH
45
ArrowMark Colorado Holdings
Colorado
– -$16.9M -1,647,375 Closed
DKCM
46
Davidson Kempner Capital Management
New York
– -$16.8M -1,637,900 Closed
WRBC
47
W.R. Berkley Corp
Connecticut
– -$14.3M -1,387,505 Closed
FTCM
48
Fir Tree Capital Management
New York
– -$13.9M -1,354,891 Closed
KPF
49
K2 Principal Fund
Ontario, Canada
– -$11.1M -1,075,267 Closed
WAM
50
Wolverine Asset Management
Illinois
– -$10.2M -996,520 Closed
1
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ACEL Hedge Fund Activity: Q4 2019 in Review

39 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Accel Entertainment (ACEL) for Q4 2019, worth a combined $318M — down 15% from $376M a quarter earlier.

Sellers outnumbered buyers: 32 funds closed out of ACEL and 27 opened new positions — a net loss of 5 holders — while 4 trimmed existing stakes and 7 added.

The largest buyer was TPG Group Holdings (SBS) Advisors, opening a new position worth an estimated $40.7M. The largest seller was Glazer Capital LLC, exiting entirely with an estimated $34.1M sold.

  • 39 institutional investors held Accel Entertainment (ACEL) as of Q4 2019, down from 44 in Q3 2019.
  • Funds reported $318M of Accel Entertainment stock for Q4 2019, down 15% quarter-over-quarter.
  • 27 funds opened new Accel Entertainment positions in Q4 2019 and 32 closed out, a net change of -5 holders.
  • The largest Accel Entertainment buyer in Q4 2019 was TPG Group Holdings (SBS) Advisors, an estimated $40.7M added.
  • The largest Accel Entertainment seller in Q4 2019 was Glazer Capital LLC, an estimated $34.1M sold.

Based on aggregated 13F filings for Q4 2019.