MGM Resorts International
471 hedge funds and large institutions have $11.1B invested in MGM Resorts International in 2019 Q1 according to their latest regulatory filings, with 80 funds opening new positions, 176 increasing their positions, 136 reducing their positions, and 49 closing their positions.
63% more first-time investments, than exits
New positions opened: 80 | Existing positions closed: 49
36% more funds holding in top 10
Funds holding in top 10: 11 → 15 (+4)
29% more repeat investments, than reductions
Existing positions increased: 176 | Existing positions reduced: 136
6% more funds holding
Funds holding: 446 → 471 (+25)
5% more capital invested
Capital invested by funds: $10.5B → $11.1B (+$530M)
2.15% less ownership
Funds ownership: 82.44% → 80.29% (-2.2%)
18% less call options, than puts
Call options by funds: $162M | Put options by funds: $198M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Corvex Management
New York
|
+$199M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$137M |
| 3 |
SV
Starboard Value
New York
|
+$79.4M |
| 4 |
Two Sigma Investments
New York
|
+$77.8M |
| 5 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$72.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCA
Canyon Capital Advisors
Dallas,
Texas
|
-$222M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$184M |
| 3 |
BlackRock
New York
|
-$113M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$111M |
| 5 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$56.3M |
MGM Hedge Fund Activity: Q1 2019 in Review
471 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in MGM Resorts International (MGM) for Q1 2019, worth a combined $11.1B — up 5% from $10.5B a quarter earlier.
Buyers outnumbered sellers: 80 funds opened new MGM positions and 49 closed out — a net gain of 31 holders — while 176 added to existing stakes and 136 trimmed.
The largest buyer was Corvex Management, adding an estimated $199M. The largest seller was Canyon Capital Advisors, cutting an estimated $222M.
- 471 institutional investors held MGM Resorts International (MGM) as of Q1 2019, up from 446 in Q4 2018.
- Funds reported $11.1B of MGM Resorts International stock for Q1 2019, up 5% quarter-over-quarter.
- 80 funds opened new MGM Resorts International positions in Q1 2019 and 49 closed out, a net change of +31 holders.
- The largest MGM Resorts International buyer in Q1 2019 was Corvex Management, an estimated $199M added.
- The largest MGM Resorts International seller in Q1 2019 was Canyon Capital Advisors, an estimated $222M sold.
Based on aggregated 13F filings for Q1 2019.