Caesars Entertainment
119 hedge funds and large institutions have $578M invested in Caesars Entertainment in 2017 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 37 increasing their positions, 41 reducing their positions, and 15 closing their positions.
951% more call options, than puts
Call options by funds: $2.01M | Put options by funds: $191K
33% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 15
20% more capital invested
Capital invested by funds: $482M → $578M (+$96.3M)
1.4% more ownership
Funds ownership: 19.38% → 20.78% (+1.4%)
10% less repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 41
2% less funds holding
Funds holding: 121 → 119 (-2)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$29.3M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$23.5M |
| 3 |
BM
Bridger Management
New York
|
+$15.9M |
| 4 |
LCM
Lomas Capital Management
New York
|
+$9.29M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$7.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$24.3M |
| 2 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$11M |
| 3 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
-$10.7M |
| 4 |
Renaissance Technologies
New York
|
-$2.92M |
| 5 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$2.11M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
DCM
126
Dialectic Capital Management
Norwalk,
Connecticut
| – | -$336K | -19,824 | Closed |
|
127
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$309K | -18,343 | Closed |
|
|
SCM
128
Sterling Capital Management
Charlotte,
North Carolina
| – | -$270K | -15,922 | Closed |
|
|
CI
129
Cavalier Investments
Alpharetta,
Georgia
| – | -$266K | -15,700 | Closed |
|
130
Squarepoint
New York
| – | -$187K | -11,036 | Closed |
|
131
New York State Teachers Retirement System (NYSTRS)
Albany,
New York
| – | -$42K | -2,500 | Closed |
|
132
Simplex Trading
Chicago,
Illinois
| – | -$8.11K | -481 | Closed |
|
CZR Hedge Fund Activity: Q1 2017 in Review
119 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Caesars Entertainment (CZR) for Q1 2017, worth a combined $578M — up 20% from $482M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new CZR positions and 15 closed out — a net gain of 5 holders — while 37 added to existing stakes and 41 trimmed.
The largest buyer was BlackRock, adding an estimated $29.3M. The largest seller was Park West Asset Management, cutting an estimated $24.3M.
- 119 institutional investors held Caesars Entertainment (CZR) as of Q1 2017, down from 121 in Q4 2016.
- Funds reported $578M of Caesars Entertainment stock for Q1 2017, up 20% quarter-over-quarter.
- 20 funds opened new Caesars Entertainment positions in Q1 2017 and 15 closed out, a net change of +5 holders.
- The largest Caesars Entertainment buyer in Q1 2017 was BlackRock, an estimated $29.3M added.
- The largest Caesars Entertainment seller in Q1 2017 was Park West Asset Management, an estimated $24.3M sold.
Based on aggregated 13F filings for Q1 2017.