Accel Entertainment
ACEL
26 hedge funds and large institutions have $222M invested in Accel Entertainment in 2018 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 2 reducing their positions, and 1 closing their positions.
500% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 1
150% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 2
28% more capital invested
Capital invested by funds: $174M → $222M (+$48.7M)
24% more funds holding
Funds holding: 21 → 26 (+5)
10.8% more ownership
Funds ownership: 39.61% → 50.41% (+11%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highbridge Capital Management
New York
|
+$26.6M |
| 2 |
GCL
Glazer Capital LLC
New York
|
+$13.5M |
| 3 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
+$3.48M |
| 4 |
PGC
Pacific Grove Capital
San Francisco,
California
|
+$2.2M |
| 5 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
+$977K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$1.46M |
| 2 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
-$679K |
| 3 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
-$473K |
ACEL Hedge Fund Activity: Q1 2018 in Review
26 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Accel Entertainment (ACEL) for Q1 2018, worth a combined $222M — up 28% from $174M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new ACEL positions and 1 closed out — a net gain of 5 holders — while 5 added to existing stakes and 2 trimmed.
The largest buyer was Highbridge Capital Management, opening a new position worth an estimated $26.6M. The largest seller was AQR Arbitrage, exiting entirely with an estimated $1.46M sold.
- 26 institutional investors held Accel Entertainment (ACEL) as of Q1 2018, up from 21 in Q4 2017.
- Funds reported $222M of Accel Entertainment stock for Q1 2018, up 28% quarter-over-quarter.
- 6 funds opened new Accel Entertainment positions in Q1 2018 and 1 closed out, a net change of +5 holders.
- The largest Accel Entertainment buyer in Q1 2018 was Highbridge Capital Management, an estimated $26.6M added.
- The largest Accel Entertainment seller in Q1 2018 was AQR Arbitrage, an estimated $1.46M sold.
Based on aggregated 13F filings for Q1 2018.