MGM Resorts International
667 hedge funds and large institutions have $10.7B invested in MGM Resorts International in 2023 Q1 according to their latest regulatory filings, with 114 funds opening new positions, 187 increasing their positions, 254 reducing their positions, and 70 closing their positions.
63% more first-time investments, than exits
New positions opened: 114 | Existing positions closed: 70
31% more capital invested
Capital invested by funds: $8.16B → $10.7B (+$2.5B)
4% more funds holding
Funds holding: 639 → 667 (+28)
0.03% more ownership
Funds ownership: 64.27% → 64.3% (+0.03%)
0% more funds holding in top 10
Funds holding in top 10: 15 → 15 (0)
13% less call options, than puts
Call options by funds: $370M | Put options by funds: $427M
26% less repeat investments, than reductions
Existing positions increased: 187 | Existing positions reduced: 254
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fisher Asset Management
Camas,
Washington
|
+$181M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
+$134M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$124M |
| 4 |
SIG
Senator Investment Group
New York
|
+$43.6M |
| 5 |
KCM
Key Colony Management
Little Rock,
Arkansas
|
+$36.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VOYA Investment Management
Atlanta,
Georgia
|
-$159M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$158M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
-$81.6M |
| 4 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
-$80.3M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$62.2M |
MGM Hedge Fund Activity: Q1 2023 in Review
667 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in MGM Resorts International (MGM) for Q1 2023, worth a combined $10.7B — up 31% from $8.16B a quarter earlier.
Buyers outnumbered sellers: 114 funds opened new MGM positions and 70 closed out — a net gain of 44 holders — while 187 added to existing stakes and 254 trimmed.
The largest buyer was Fisher Asset Management, opening a new position worth an estimated $181M. The largest seller was VOYA Investment Management, cutting an estimated $159M.
- 667 institutional investors held MGM Resorts International (MGM) as of Q1 2023, up from 639 in Q4 2022.
- Funds reported $10.7B of MGM Resorts International stock for Q1 2023, up 31% quarter-over-quarter.
- 114 funds opened new MGM Resorts International positions in Q1 2023 and 70 closed out, a net change of +44 holders.
- The largest MGM Resorts International buyer in Q1 2023 was Fisher Asset Management, an estimated $181M added.
- The largest MGM Resorts International seller in Q1 2023 was VOYA Investment Management, an estimated $159M sold.
Based on aggregated 13F filings for Q1 2023.