Accel Entertainment
ACEL
55 hedge funds and large institutions have $206M invested in Accel Entertainment in 2020 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 13 increasing their positions, 13 reducing their positions, and 4 closing their positions.
425% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 4
41% more funds holding
Funds holding: 39 → 55 (+16)
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
1.75% more ownership
Funds ownership: 33.23% → 34.99% (+1.8%)
0% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 13
35% less capital invested
Capital invested by funds: $318M → $206M (-$113M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AR
Advisory Research
Chicago,
Illinois
|
+$16.2M |
| 2 |
Millennium Management
New York
|
+$8.07M |
| 3 |
WCM
Wildcat Capital Management
New York
|
+$6.48M |
| 4 |
Natixis Advisors
Boston,
Massachusetts
|
+$5.45M |
| 5 |
FCIM
Fairview Capital Investment Management
Greenbrae,
California
|
+$4.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$19.8M |
| 2 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$8.51M |
| 3 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$4.87M |
| 4 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
-$3.31M |
| 5 |
ECM
Element Capital Management
New York
|
-$2.95M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
KC
51
Kepos Capital
New York
| $11K | -$1.97M | -178,484 | -99% |
|
52
Osaic Holdings
Scottsdale,
Arizona
| $7K | +$9.76K | +885 | New |
|
|
DWA
53
Dorsey Wright & Associates
Pasadena,
California
| $7K | +$11K | +993 | New |
|
|
S
54
SignatureFD
Atlanta,
Georgia
| $3K | +$3.86K | +350 | New |
|
55
Morgan Stanley
New York
| $1K | -$21K | -1,900 | -95% |
|
|
PWAM
56
Park West Asset Management
San Francisco,
California
| – | -$19.8M | -1,582,616 | Closed |
|
|
57
TD Asset Management
Toronto,
Ontario, Canada
| – | -$4.87M | -389,638 | Closed |
|
|
CC
58
Centiva Capital
New York
| – | -$178K | -14,223 | Closed |
|
|
TI
59
Trexquant Investment
Stamford,
Connecticut
| – | -$154K | -12,289 | Closed |
|
ACEL Hedge Fund Activity: Q1 2020 in Review
55 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Accel Entertainment (ACEL) for Q1 2020, worth a combined $206M — down 35% from $318M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new ACEL positions and 4 closed out — a net gain of 17 holders — while 13 added to existing stakes and 13 trimmed.
The largest buyer was Advisory Research, opening a new position worth an estimated $16.2M. The largest seller was Park West Asset Management, exiting entirely with an estimated $19.8M sold.
- 55 institutional investors held Accel Entertainment (ACEL) as of Q1 2020, up from 39 in Q4 2019.
- Funds reported $206M of Accel Entertainment stock for Q1 2020, down 35% quarter-over-quarter.
- 21 funds opened new Accel Entertainment positions in Q1 2020 and 4 closed out, a net change of +17 holders.
- The largest Accel Entertainment buyer in Q1 2020 was Advisory Research, an estimated $16.2M added.
- The largest Accel Entertainment seller in Q1 2020 was Park West Asset Management, an estimated $19.8M sold.
Based on aggregated 13F filings for Q1 2020.