Bally's
BALY
86 hedge funds and large institutions have $773M invested in Bally's in 2019 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 22 increasing their positions, 32 reducing their positions, and 12 closing their positions.
58% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 12
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
9% more funds holding
Funds holding: 79 → 86 (+7)
3% more capital invested
Capital invested by funds: $752M → $773M (+$21.8M)
31% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 32
100% less call options, than puts
Call options by funds: $7K | Put options by funds: $1.44M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$6.94M |
| 2 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$4.23M |
| 3 |
ClearBridge Investments
New York
|
+$2.58M |
| 4 |
Bank of New York Mellon
New York
|
+$2.35M |
| 5 |
NM
Newtyn Management
New York
|
+$1.59M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CLG
Cooperman Leon G
|
-$24.1M |
| 2 |
SAAM
Solus Alternative Asset Management
Summit,
New Jersey
|
-$18.3M |
| 3 |
JP Morgan Chase
New York
|
-$8.55M |
| 4 |
HVCM
HG Vora Capital Management
New York
|
-$7.23M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$5.6M |
BALY Hedge Fund Activity: Q4 2019 in Review
86 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Bally's (BALY) for Q4 2019, worth a combined $773M — up 2.9% from $752M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new BALY positions and 12 closed out — a net gain of 7 holders — while 22 added to existing stakes and 32 trimmed.
The largest buyer was PAR Capital Management, adding an estimated $6.94M. The largest seller was Cooperman Leon G, cutting an estimated $24.1M.
- 86 institutional investors held Bally's (BALY) as of Q4 2019, up from 79 in Q3 2019.
- Funds reported $773M of Bally's stock for Q4 2019, up 2.9% quarter-over-quarter.
- 19 funds opened new Bally's positions in Q4 2019 and 12 closed out, a net change of +7 holders.
- The largest Bally's buyer in Q4 2019 was PAR Capital Management, an estimated $6.94M added.
- The largest Bally's seller in Q4 2019 was Cooperman Leon G, an estimated $24.1M sold.
Based on aggregated 13F filings for Q4 2019.