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MGM Resorts International
MGM

498 hedge funds and large institutions have $15.6B invested in MGM Resorts International in 2017 Q4 according to their latest regulatory filings, with 96 funds opening new positions, 165 increasing their positions, 179 reducing their positions, and 63 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more first-time investments, than exits

New positions opened: 96 | Existing positions closed: 63

50% more call options, than puts

Call options by funds: $619M | Put options by funds: $411M

10% more funds holding in top 10

Funds holding in top 10: 21 → 23 (+2)

6% more funds holding

Funds holding: 469 → 498 (+29)

1% more capital invested

Capital invested by funds: $15.4B → $15.6B (+$205M)

0.49% more ownership

Funds ownership: 82.25% → 82.74% (+0.49%)

8% less repeat investments, than reductions

Existing positions increased: 165 | Existing positions reduced: 179

Holders
498
Holders Change
+29
Holders Change %
+6.18%
% of All Funds
11.3%
Holding in Top 10
23
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+9.52%
% of All Funds
0.52%
New
96
Increased
165
Reduced
179
Closed
63
Calls
$619M
Puts
$411M
Net Calls
+$207M
Net Calls Change
+$57.7M

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$190M
2
EC
Eminence Capital
New York
+$164M
3
TP
Third Point
New York
+$96.7M
4
Goldman Sachs
Goldman Sachs
New York
+$96.6M
5
SCP
Soroban Capital Partners
New York
+$84.7M

Top Sellers

Rank Fund Capital Flow
1
PC
PointState Capital
New York
-$289M
2
Capital Research Global Investors
Capital Research Global Investors
California
-$219M
3
Allianz Asset Management
Allianz Asset Management
Germany
-$109M
4
1832 Asset Management
1832 Asset Management
Ontario, Canada
-$95.4M
5
Capital World Investors
Capital World Investors
California
-$89.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
GCM
26
Gates Capital Management
New York
$114M +$10.6M +327,415 +11%
D.E. Shaw & Co
27
D.E. Shaw & Co
New York
$112M +$82.1M +2,547,408 +316%
Norges Bank
28
Norges Bank
Norway
$110M +$1.04M +32,414 +1%
Morgan Stanley
29
Morgan Stanley
New York
$108M -$77.2M -2,396,308 -42%
Bank of New York Mellon
30
Bank of New York Mellon
New York
$108M +$1.07M +33,061 +1%
HCM
31
Hoplite Capital Management
New York
$106M +$18.7M +580,089 +22%
Westfield Capital Management
32
Westfield Capital Management
Massachusetts
$100M +$63.1M +1,957,138 +187%
TP
33
Third Point
New York
$100M +$96.7M +3,000,000 New
PCM
34
PAR Capital Management
Massachusetts
$98.9M – – –
PCM
35
Palestra Capital Management
New York
$89.2M +$18.7M +580,000 +28%
GC
36
GMT Capital
Georgia
$88.2M -$20.2M -625,600 -19%
JP Morgan Chase
37
JP Morgan Chase
New York
$84.4M +$13.8M +427,767 +20%
MCM
38
Melvin Capital Management
New York
$83.5M +$80.6M +2,500,000 New
Millennium Management
39
Millennium Management
New York
$82.1M +$56.5M +1,752,560 +248%
AL
40
Appaloosa LP
New Jersey
$77.7M +$75M +2,326,766 New
HP
41
Hosking Partners
United Kingdom
$74.9M +$4.96M +154,022 +7%
Legal & General Group
42
Legal & General Group
United Kingdom
$72.2M -$1.31M -40,686 -2%
TA
43
Teachers Advisors
New York
$69.4M -$20.3M -630,072 -23%
Charles Schwab
44
Charles Schwab
California
$60.9M +$2.19M +67,872 +4%
1832 Asset Management
45
1832 Asset Management
Ontario, Canada
$59.9M -$95.4M -2,962,112 -62%
HVCM
46
HG Vora Capital Management
New York
$58.4M +$56.4M +1,750,000 New
Swiss National Bank
47
Swiss National Bank
Switzerland
$56.6M +$90.2K +2,800 +0.2%
FCM
48
Frontier Capital Management
Massachusetts
$55.4M -$18.7M -580,345 -26%
EAM
49
Eagle Asset Management
Florida
$55.3M +$4.8M +148,868 +10%
NM
50
NWI Management
New York
$55.1M +$3.87M +120,000 +8%
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MGM Hedge Fund Activity: Q4 2017 in Review

498 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in MGM Resorts International (MGM) for Q4 2017, worth a combined $15.6B — up 1.3% from $15.4B a quarter earlier.

Buyers outnumbered sellers: 96 funds opened new MGM positions and 63 closed out — a net gain of 33 holders — while 165 added to existing stakes and 179 trimmed.

The largest buyer was BlackRock, adding an estimated $190M. The largest seller was PointState Capital, exiting entirely with an estimated $289M sold.

  • 498 institutional investors held MGM Resorts International (MGM) as of Q4 2017, up from 469 in Q3 2017.
  • Funds reported $15.6B of MGM Resorts International stock for Q4 2017, up 1.3% quarter-over-quarter.
  • 96 funds opened new MGM Resorts International positions in Q4 2017 and 63 closed out, a net change of +33 holders.
  • The largest MGM Resorts International buyer in Q4 2017 was BlackRock, an estimated $190M added.
  • The largest MGM Resorts International seller in Q4 2017 was PointState Capital, an estimated $289M sold.

Based on aggregated 13F filings for Q4 2017.