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MGM Resorts International
MGM

419 hedge funds and large institutions have $11.6B invested in MGM Resorts International in 2017 Q1 according to their latest regulatory filings, with 69 funds opening new positions, 175 increasing their positions, 127 reducing their positions, and 73 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more repeat investments, than reductions

Existing positions increased: 175 | Existing positions reduced: 127

2.11% more ownership

Funds ownership: 72.01% → 74.12% (+2.1%)

2% less capital invested

Capital invested by funds: $11.9B → $11.6B (-$264M)

5% less first-time investments, than exits

New positions opened: 69 | Existing positions closed: 73

6% less call options, than puts

Call options by funds: $344M | Put options by funds: $364M

3% less funds holding

Funds holding: 434 → 419 (-15)

23% less funds holding in top 10

Funds holding in top 10: 26 → 20 (-6)

Holders
419
Holders Change
-15
Holders Change %
-3.46%
% of All Funds
10.43%
Holding in Top 10
20
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-23.08%
% of All Funds
0.5%
New
69
Increased
175
Reduced
127
Closed
73
Calls
$344M
Puts
$364M
Net Calls
-$20.3M
Net Calls Change
-$511M

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$623M
2
SIG
Senator Investment Group
New York
+$243M
3
Harris Associates
Harris Associates
Illinois
+$189M
4
Barclays
Barclays
United Kingdom
+$150M
5
HCM
Hoplite Capital Management
New York
+$94.8M

Top Sellers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$539M
2
HCM
Highfields Capital Management
Massachusetts
-$75.3M
3
JCAM
Jericho Capital Asset Management
New York
-$72.5M
4
Cohen & Steers
Cohen & Steers
New York
-$72.3M
5
MCM
Melvin Capital Management
New York
-$55.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
JHIU
26
Janus Henderson Investors US
Colorado
$78.8M +$59.7M +2,152,863 +297%
Northern Trust
27
Northern Trust
Illinois
$75.3M +$2.7M +97,393 +4%
HCM
28
Highline Capital Management
New York
$71.4M +$14.9M +537,200 +26%
BPCM
29
Beach Point Capital Management
California
$69.8M +$20.8M +750,325 +42%
DCM
30
Discovery Capital Management
Connecticut
$68.3M -$7.63M -275,300 -10%
CI
31
Cambiar Investors
Colorado
$68.3M +$32.4K +1,169 +0%
Primecap Management
32
Primecap Management
California
$66M +$47.3M +1,705,000 +242%
NIP
33
Nicholas Investment Partners
California
$63.5M +$53.4M +1,927,360 +493%
FCM
34
Frontier Capital Management
Massachusetts
$60.6M -$2.37M -85,291 -4%
HP
35
Hosking Partners
United Kingdom
$56.1M +$5.25M +189,484 +10%
CHP
36
Castle Hook Partners
New York
$55.8M +$45M +1,621,783 +392%
Two Sigma Investments
37
Two Sigma Investments
New York
$55.5M -$30.7M -1,106,994 -35%
BM
38
Bridger Management
New York
$55.4M -$21.8M -784,877 -28%
Morgan Stanley
39
Morgan Stanley
New York
$55.4M -$7M -252,522 -11%
AI
40
Axiom Investors
Connecticut
$54.5M +$9.65M +347,890 +21%
LBIM
41
Land & Buildings Investment Management
Connecticut
$53.2M +$5.78M +208,500 +12%
NM
42
NWI Management
New York
$52.3M +$10.3M +370,000 +24%
Legal & General Group
43
Legal & General Group
United Kingdom
$52M +$260K +9,376 +0.5%
Jennison Associates
44
Jennison Associates
New York
$50M +$2.59M +93,562 +5%
BAMCO Inc
45
BAMCO Inc
New York
$49.7M -$9.69M -349,491 -16%
Bank of New York Mellon
46
Bank of New York Mellon
New York
$49.1M -$476K -17,182 -0.9%
OA
47
Omega Advisors
New York
$48.7M +$5.55M +200,000 +13%
WRF
48
Waddell & Reed Financial
Kansas
$46.1M -$26.2M -945,462 -36%
Susquehanna International Group
49
Susquehanna International Group
Pennsylvania
$46M +$46.5M +1,677,016 New
GA
50
Glenhill Advisors
New York
$45.2M +$45.8M +1,651,355 New
1
2
3 4 5

MGM Hedge Fund Activity: Q1 2017 in Review

419 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in MGM Resorts International (MGM) for Q1 2017, worth a combined $11.6B — down 2.2% from $11.9B a quarter earlier.

Sellers outnumbered buyers: 73 funds closed out of MGM and 69 opened new positions — a net loss of 4 holders — while 127 trimmed existing stakes and 175 added.

The largest buyer was BlackRock, adding an estimated $623M. The largest seller was T. Rowe Price Associates, cutting an estimated $539M.

  • 419 institutional investors held MGM Resorts International (MGM) as of Q1 2017, down from 434 in Q4 2016.
  • Funds reported $11.6B of MGM Resorts International stock for Q1 2017, down 2.2% quarter-over-quarter.
  • 69 funds opened new MGM Resorts International positions in Q1 2017 and 73 closed out, a net change of -4 holders.
  • The largest MGM Resorts International buyer in Q1 2017 was BlackRock, an estimated $623M added.
  • The largest MGM Resorts International seller in Q1 2017 was T. Rowe Price Associates, an estimated $539M sold.

Based on aggregated 13F filings for Q1 2017.