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MGM Resorts International
MGM

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
667
Holders Change
+28
Holders Change %
+4.38%
% of All Funds
10.63%
Holding in Top 10
15
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.24%
New
114
Increased
187
Reduced
254
Closed
70
Calls
$370M
Puts
$427M
Net Calls
-$57M
Net Calls Change
+$77.7M

Top Buyers

Rank Fund Capital Flow
1
Fisher Asset Management
Fisher Asset Management
Washington
+$181M
2
Bessemer Group
Bessemer Group
New Jersey
+$134M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$124M
4
SIG
Senator Investment Group
New York
+$43.6M
5
KCM
Key Colony Management
Arkansas
+$36.7M

Top Sellers

Rank Fund Capital Flow
1
VOYA Investment Management
VOYA Investment Management
Georgia
-$159M
2
Citadel Advisors
Citadel Advisors
Florida
-$158M
3
N
Nuveen
North Carolina
-$81.6M
4
OAG
Orbis Allan Gray
Bermuda
-$80.3M
5
Norges Bank
Norges Bank
Norway
-$62.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
AACA
76
American Assets Capital Advisers
California
$18.5M +$2.11M +50,734 +14%
New York State Common Retirement Fund
77
New York State Common Retirement Fund
New York
$17.9M -$11.5M -275,883 -41%
WCP
78
Waterfront Capital Partners
New York
$17.7M +$16.6M +399,100 New
KCM
79
Kornitzer Capital Management
Kansas
$17.4M +$1.27M +30,500 +8%
Assenagon Asset Management
80
Assenagon Asset Management
Luxembourg
$17.3M +$8.14M +195,922 +101%
LPL Financial
81
LPL Financial
California
$17.3M -$3.1M -74,542 -16%
Principal Financial Group
82
Principal Financial Group
Iowa
$17.1M +$118K +2,838 +0.7%
NM
83
NWI Management
New York
$17.1M -$2.91M -70,000 -15%
New York State Teachers Retirement System (NYSTRS)
84
New York State Teachers Retirement System (NYSTRS)
New York
$16.6M -$698K -16,797 -4%
NRCM
85
Northern Right Capital Management
Connecticut
$16.4M -$339K -8,165 -2%
FFA
86
First Foundation Advisors
California
$15.8M -$1.26M -30,232 -8%
Neuberger Berman Group
87
Neuberger Berman Group
New York
$15.7M -$1.44M -34,601 -9%
BNP Paribas Financial Markets
88
BNP Paribas Financial Markets
France
$15.5M -$22.2M -534,620 -60%
JCM
89
JS Capital Management
New York
$15.1M -$2.49M -60,000 -15%
Calamos Advisors
90
Calamos Advisors
Illinois
$14.6M +$4.73M +113,730 +53%
TC
91
Telemus Capital
Michigan
$14.5M -$4.57K -110 -0%
GF
92
Gabelli Funds
New York
$14.4M -$305K -7,350 -2%
Citigroup
93
Citigroup
New York
$14.4M -$11M -265,157 -45%
Bank of Montreal
94
Bank of Montreal
Ontario, Canada
$14.1M -$1.51M -36,371 -10%
CS
95
Credit Suisse
Switzerland
$14M -$764K -18,381 -5%
Adage Capital Partners
96
Adage Capital Partners
Massachusetts
$14M -$378K -9,100 -3%
Los Angeles Capital Management
97
Los Angeles Capital Management
California
$13.5M +$6.72M +161,705 +113%
Parallax Volatility Advisers
98
Parallax Volatility Advisers
California
$13.4M -$6.91M -166,187 -36%
SFI
99
Susquehanna Fundamental Investments
Pennsylvania
$13.2M – – –
GIP
100
Granite Investment Partners
California
$12.6M -$4.34M -104,499 -27%
2 3
4
5 6

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.