Bally's
BALY
79 hedge funds and large institutions have $370M invested in Bally's in 2020 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 25 increasing their positions, 30 reducing their positions, and 19 closing their positions.
8% less funds holding
Funds holding: 86 → 79 (-7)
17% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 30
32% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 19
50% less funds holding in top 10
Funds holding in top 10: 6 → 3 (-3)
50% less call options, than puts
Call options by funds: $1K | Put options by funds: $2K
52% less capital invested
Capital invested by funds: $773M → $370M (-$404M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
+$46.1M |
| 2 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$19.1M |
| 3 |
Morgan Stanley
New York
|
+$13.2M |
| 4 |
Goldman Sachs
New York
|
+$8.33M |
| 5 |
JP Morgan Chase
New York
|
+$4.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAAM
Solus Alternative Asset Management
Summit,
New Jersey
|
-$54.6M |
| 2 |
NM
Newtyn Management
New York
|
-$16.6M |
| 3 |
ClearBridge Investments
New York
|
-$12.1M |
| 4 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$11.9M |
| 5 |
SG
Standard General
New York
|
-$11.8M |
BALY Hedge Fund Activity: Q1 2020 in Review
79 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Bally's (BALY) for Q1 2020, worth a combined $370M — down 52% from $773M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of BALY and 13 opened new positions — a net loss of 6 holders — while 30 trimmed existing stakes and 25 added.
The largest buyer was HG Vora Capital Management, adding an estimated $46.1M. The largest seller was Solus Alternative Asset Management, cutting an estimated $54.6M.
- 79 institutional investors held Bally's (BALY) as of Q1 2020, down from 86 in Q4 2019.
- Funds reported $370M of Bally's stock for Q1 2020, down 52% quarter-over-quarter.
- 13 funds opened new Bally's positions in Q1 2020 and 19 closed out, a net change of -6 holders.
- The largest Bally's buyer in Q1 2020 was HG Vora Capital Management, an estimated $46.1M added.
- The largest Bally's seller in Q1 2020 was Solus Alternative Asset Management, an estimated $54.6M sold.
Based on aggregated 13F filings for Q1 2020.