Bally's
BALY
106 hedge funds and large institutions have $572M invested in Bally's in 2023 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 44 increasing their positions, 23 reducing their positions, and 21 closing their positions.
1,096% more call options, than puts
Call options by funds: $3.66M | Put options by funds: $306K
91% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 23
0.79% less ownership
Funds ownership: 63.54% → 62.75% (-0.79%)
2% less capital invested
Capital invested by funds: $582M → $572M (-$10.2M)
5% less funds holding
Funds holding: 111 → 106 (-5)
19% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 21
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$16.4M |
| 2 |
DDPIC
Deroy & Devereaux Private Investment Counsel
Bloomfield Hills,
Michigan
|
+$5.13M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$4.23M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$2.39M |
| 5 |
TAM
TFG Asset Management
Grand Cayman,
Cayman Islands
|
+$2.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
-$31M |
| 2 |
HVCM
HG Vora Capital Management
New York
|
-$19.6M |
| 3 |
SAAM
Solus Alternative Asset Management
Summit,
New Jersey
|
-$6.87M |
| 4 |
Charles Schwab
San Francisco,
California
|
-$1.99M |
| 5 |
Jennison Associates
New York
|
-$1.39M |
BALY Hedge Fund Activity: Q1 2023 in Review
106 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Bally's (BALY) for Q1 2023, worth a combined $572M — down 1.7% from $582M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of BALY and 17 opened new positions — a net loss of 4 holders — while 23 trimmed existing stakes and 44 added.
The largest buyer was BlackRock, adding an estimated $16.4M. The largest seller was Contrarius Investment Management, cutting an estimated $31M.
- 106 institutional investors held Bally's (BALY) as of Q1 2023, down from 111 in Q4 2022.
- Funds reported $572M of Bally's stock for Q1 2023, down 1.7% quarter-over-quarter.
- 17 funds opened new Bally's positions in Q1 2023 and 21 closed out, a net change of -4 holders.
- The largest Bally's buyer in Q1 2023 was BlackRock, an estimated $16.4M added.
- The largest Bally's seller in Q1 2023 was Contrarius Investment Management, an estimated $31M sold.
Based on aggregated 13F filings for Q1 2023.