Accel Entertainment
ACEL
40 hedge funds and large institutions have $336M invested in Accel Entertainment in 2019 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 9 increasing their positions, 13 reducing their positions, and 4 closing their positions.
175% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 4
25% more capital invested
Capital invested by funds: $270M → $336M (+$66.3M)
21% more funds holding
Funds holding: 33 → 40 (+7)
13.14% more ownership
Funds ownership: 58.73% → 71.86% (+13%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
31% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$21.1M |
| 2 |
FTCM
Fir Tree Capital Management
New York
|
+$20.6M |
| 3 |
DKCM
Davidson Kempner Capital Management
New York
|
+$20M |
| 4 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
+$10.6M |
| 5 |
FCIM
Fairview Capital Investment Management
Greenbrae,
California
|
+$10.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$11.4M |
| 2 |
HCM
Highbridge Capital Management
New York
|
-$9.07M |
| 3 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$6.39M |
| 4 |
GCL
Glazer Capital LLC
New York
|
-$4.23M |
| 5 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$3.66M |
ACEL Hedge Fund Activity: Q2 2019 in Review
40 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Accel Entertainment (ACEL) for Q2 2019, worth a combined $336M — up 25% from $270M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new ACEL positions and 4 closed out — a net gain of 7 holders — while 9 added to existing stakes and 13 trimmed.
The largest buyer was Hudson Bay Capital Management, opening a new position worth an estimated $21.1M. The largest seller was Deutsche Bank, cutting an estimated $11.4M.
- 40 institutional investors held Accel Entertainment (ACEL) as of Q2 2019, up from 33 in Q1 2019.
- Funds reported $336M of Accel Entertainment stock for Q2 2019, up 25% quarter-over-quarter.
- 11 funds opened new Accel Entertainment positions in Q2 2019 and 4 closed out, a net change of +7 holders.
- The largest Accel Entertainment buyer in Q2 2019 was Hudson Bay Capital Management, an estimated $21.1M added.
- The largest Accel Entertainment seller in Q2 2019 was Deutsche Bank, an estimated $11.4M sold.
Based on aggregated 13F filings for Q2 2019.