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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
Korea Investment Corp
76
Korea Investment Corp
South Korea
$24.5M -$12.2M -438,198 -33%
AQR Capital Management
77
AQR Capital Management
Connecticut
$24.4M -$2.37M -85,479 -9%
MCM
78
McKinley Capital Management
Alaska
$24.4M +$463K +16,703 +2%
HSBC Holdings
79
HSBC Holdings
United Kingdom
$24.2M +$18.8M +678,509 +332%
TAM
80
Tocqueville Asset Management
New York
$23.7M +$2.15M +77,458 +10%
SC
81
Shellback Capital
Massachusetts
$23M -$11.8M -425,000 -34%
WCP
82
Waterfront Capital Partners
New York
$22.8M -$1.44M -51,971 -6%
Tudor Investment Corp
83
Tudor Investment Corp
Connecticut
$22.7M +$11.3M +407,500 +96%
Schroder Investment Management Group
84
Schroder Investment Management Group
United Kingdom
$22.6M +$22.9M +827,100 New
Capital Fund Management (CFM)
85
Capital Fund Management (CFM)
France
$22.6M +$22.8M +823,008 New
Westfield Capital Management
86
Westfield Capital Management
Massachusetts
$22.2M +$22.5M +811,280 New
California Public Employees Retirement System
87
California Public Employees Retirement System
California
$22.1M -$58.2K -2,100 -0.3%
Wellington Management Group
88
Wellington Management Group
Massachusetts
$21.1M -$1.47M -53,164 -6%
JP Morgan Chase
89
JP Morgan Chase
New York
$20.1M +$4.07M +146,737 +25%
Neuberger Berman Group
90
Neuberger Berman Group
New York
$20M -$11.5K -416 -0.1%
State of New Jersey Common Pension Fund D
91
State of New Jersey Common Pension Fund D
New Jersey
$19.2M +$2.77M +100,000 +17%
AAMU
92
Amundi Asset Management US
Massachusetts
$18.9M +$7.48M +269,572 +64%
Asset Management One
93
Asset Management One
Japan
$18.8M -$1.57M -56,499 -8%
State Board of Administration of Florida Retirement System
94
State Board of Administration of Florida Retirement System
Florida
$17.6M +$22.2K +800 +0.1%
BNP Paribas Financial Markets
95
BNP Paribas Financial Markets
France
$16.7M +$16M +576,903 +1,696%
NFA
96
Nationwide Fund Advisors
Ohio
$15.7M +$186K +6,710 +1%
TD Asset Management
97
TD Asset Management
Ontario, Canada
$15.2M +$191K +6,900 +1%
WCMNY
98
Westchester Capital Management (New York)
New York
$15M -$5.29M -190,800 -26%
APG Asset Management
99
APG Asset Management
Netherlands
$15M -$2.63M -94,926 -15%
YP
100
YG Partners
New York
$14.8M +$2.59M +93,314 +21%
2 3
4
5 6

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.