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MGM Resorts International
MGM

434 hedge funds and large institutions have $11.9B invested in MGM Resorts International in 2016 Q4 according to their latest regulatory filings, with 115 funds opening new positions, 143 increasing their positions, 133 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

248% more first-time investments, than exits

New positions opened: 115 | Existing positions closed: 33

77% more call options, than puts

Call options by funds: $1.13B | Put options by funds: $636M

37% more funds holding in top 10

Funds holding in top 10: 19 → 26 (+7)

21% more funds holding

Funds holding: 358 → 434 (+76)

14% more capital invested

Capital invested by funds: $10.4B → $11.9B (+$1.47B)

8% more repeat investments, than reductions

Existing positions increased: 143 | Existing positions reduced: 133

0.46% less ownership

Funds ownership: 72.46% → 72.01% (-0.46%)

Holders
434
Holders Change
+76
Holders Change %
+21.23%
% of All Funds
10.85%
Holding in Top 10
26
Holding in Top 10 Change
+7
Holding in Top 10 Change %
+36.84%
% of All Funds
0.65%
New
115
Increased
143
Reduced
133
Closed
33
Calls
$1.13B
Puts
$636M
Net Calls
+$491M
Net Calls Change
+$634M

Top Buyers

Rank Fund Capital Flow
1
AllianceBernstein
AllianceBernstein
Tennessee
+$100M
2
DCM
Discovery Capital Management
Connecticut
+$76.7M
3
WRF
Waddell & Reed Financial
Kansas
+$72.8M
4
JCAM
Jericho Capital Asset Management
New York
+$69.7M
5
Cohen & Steers
Cohen & Steers
New York
+$69.5M

Top Sellers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$326M
2
SC
Sculptor Capital
New York
-$206M
3
CIP
Chartwell Investment Partners
Pennsylvania
-$109M
4
HCM
Highfields Capital Management
Massachusetts
-$107M
5
CCA
Canyon Capital Advisors
Texas
-$74.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
DILH
451
Dai-ichi Life Holdings
Japan
– -$236K -9,051 Closed
HIMCH
452
Hartford Investment Management Co (HIMCO)
Connecticut
– -$201K -7,719 Closed
BA
453
BKS Advisors
Michigan
– -$143K -5,500 Closed
ST
454
Spot Trading
Illinois
– -$116K -4,201 Closed
FMA
455
FNY Managed Accounts
New York
– -$52.1K -2,000 Closed
FNYS
456
First New York Securities
New York
– -$19K -730 Closed
GWS
457
Glassman Wealth Services
Virginia
– -$18K -700 Closed
LAM
458
Lebenthal Asset Management
New York
– -$17K -646 Closed
PFG
459
Piershale Financial Group
Illinois
– -$13K -500 Closed
ADL
460
Asset Dedication LLC
California
– -$5K -200 Closed
JFA
461
JNBA Financial Advisors
Minnesota
– -$2K -58 Closed
S
462
SignatureFD
Georgia
– -$2K -58 Closed
PMFA
463
Plante Moran Financial Advisors
Michigan
– -$1K -50 Closed
15 16 17 18
19

MGM Hedge Fund Activity: Q4 2016 in Review

434 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in MGM Resorts International (MGM) for Q4 2016, worth a combined $11.9B — up 14% from $10.4B a quarter earlier.

Buyers outnumbered sellers: 115 funds opened new MGM positions and 33 closed out — a net gain of 82 holders — while 143 added to existing stakes and 133 trimmed.

The largest buyer was AllianceBernstein, adding an estimated $100M. The largest seller was T. Rowe Price Associates, cutting an estimated $326M.

  • 434 institutional investors held MGM Resorts International (MGM) as of Q4 2016, up from 358 in Q3 2016.
  • Funds reported $11.9B of MGM Resorts International stock for Q4 2016, up 14% quarter-over-quarter.
  • 115 funds opened new MGM Resorts International positions in Q4 2016 and 33 closed out, a net change of +82 holders.
  • The largest MGM Resorts International buyer in Q4 2016 was AllianceBernstein, an estimated $100M added.
  • The largest MGM Resorts International seller in Q4 2016 was T. Rowe Price Associates, an estimated $326M sold.

Based on aggregated 13F filings for Q4 2016.