Caesars Entertainment Corporation
CZR was delisted on the 20th of July, 2020.
263 hedge funds and large institutions have $5B invested in Caesars Entertainment Corporation in 2020 Q1 according to their latest regulatory filings, with 53 funds opening new positions, 93 increasing their positions, 74 reducing their positions, and 70 closing their positions.
26% more repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 74
13% more call options, than puts
Call options by funds: $67.4M | Put options by funds: $59.5M
7% less funds holding
Funds holding: 283 → 263 (-20)
24% less first-time investments, than exits
New positions opened: 53 | Existing positions closed: 70
30% less funds holding in top 10
Funds holding in top 10: 27 → 19 (-8)
52% less capital invested
Capital invested by funds: $10.3B → $5B (-$5.34B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
+$176M |
| 2 |
AWG
Alpha Wave Global
New York
|
+$126M |
| 3 |
Morgan Stanley
New York
|
+$109M |
| 4 |
SGCM
Sand Grove Capital Management
London,
United Kingdom
|
+$102M |
| 5 |
TAL
TIG Advisors LLC
New York
|
+$98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HI
HBK Investments
Dallas,
Texas
|
-$266M |
| 2 |
AL
Appaloosa LP
Short Hills,
New Jersey
|
-$137M |
| 3 |
SCM
Shapiro Capital Management
Atlanta,
Georgia
|
-$136M |
| 4 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$117M |
| 5 |
Millennium Management
New York
|
-$108M |
CZR Hedge Fund Activity: Q1 2020 in Review
263 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Caesars Entertainment Corporation (CZR) for Q1 2020, worth a combined $5B — down 52% from $10.3B a quarter earlier.
Sellers outnumbered buyers: 70 funds closed out of CZR and 53 opened new positions — a net loss of 17 holders — while 74 trimmed existing stakes and 93 added.
The largest buyer was HG Vora Capital Management, opening a new position worth an estimated $176M. The largest seller was HBK Investments, cutting an estimated $266M.
- 263 institutional investors held Caesars Entertainment Corporation (CZR) as of Q1 2020, down from 283 in Q4 2019.
- Funds reported $5B of Caesars Entertainment Corporation stock for Q1 2020, down 52% quarter-over-quarter.
- 53 funds opened new Caesars Entertainment Corporation positions in Q1 2020 and 70 closed out, a net change of -17 holders.
- The largest Caesars Entertainment Corporation buyer in Q1 2020 was HG Vora Capital Management, an estimated $176M added.
- The largest Caesars Entertainment Corporation seller in Q1 2020 was HBK Investments, an estimated $266M sold.
Based on aggregated 13F filings for Q1 2020.