Caesars Entertainment
CZR
229 hedge funds and large institutions have $3.12B invested in Caesars Entertainment in 2019 Q1 according to their latest regulatory filings, with 41 funds opening new positions, 85 increasing their positions, 79 reducing their positions, and 27 closing their positions.
52% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 27
25% more capital invested
Capital invested by funds: $2.5B → $3.12B (+$618M)
5% more funds holding
Funds holding: 218 → 229 (+11)
8% more repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 79
2% more call options, than puts
Call options by funds: $45.4M | Put options by funds: $44.7M
0.33% less ownership
Funds ownership: 10.28% → 9.95% (-0.33%)
15% less funds holding in top 10
Funds holding in top 10: 13 → 11 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$38.1M |
| 2 |
PWAM
Park West Asset Management
San Francisco,
California
|
+$36.4M |
| 3 |
O
OppenheimerFunds
New York
|
+$21.8M |
| 4 |
IP
Interval Partners
New York
|
+$19.6M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$18.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highline Capital Management
New York
|
-$30.3M |
| 2 |
CM
Caption Management
Oklahoma City,
Oklahoma
|
-$29.9M |
| 3 |
SC
Shellback Capital
Boston,
Massachusetts
|
-$23.2M |
| 4 |
SCM
SG Capital Management
Chicago,
Illinois
|
-$22.9M |
| 5 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
-$20.4M |
CZR Hedge Fund Activity: Q1 2019 in Review
229 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Caesars Entertainment (CZR) for Q1 2019, worth a combined $3.12B — up 25% from $2.5B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new CZR positions and 27 closed out — a net gain of 14 holders — while 85 added to existing stakes and 79 trimmed.
The largest buyer was Waddell & Reed Financial, opening a new position worth an estimated $38.1M. The largest seller was Highline Capital Management, cutting an estimated $30.3M.
- 229 institutional investors held Caesars Entertainment (CZR) as of Q1 2019, up from 218 in Q4 2018.
- Funds reported $3.12B of Caesars Entertainment stock for Q1 2019, up 25% quarter-over-quarter.
- 41 funds opened new Caesars Entertainment positions in Q1 2019 and 27 closed out, a net change of +14 holders.
- The largest Caesars Entertainment buyer in Q1 2019 was Waddell & Reed Financial, an estimated $38.1M added.
- The largest Caesars Entertainment seller in Q1 2019 was Highline Capital Management, an estimated $30.3M sold.
Based on aggregated 13F filings for Q1 2019.