MGM Resorts International
643 hedge funds and large institutions have $11.6B invested in MGM Resorts International in 2021 Q1 according to their latest regulatory filings, with 127 funds opening new positions, 218 increasing their positions, 197 reducing their positions, and 57 closing their positions.
123% more first-time investments, than exits
New positions opened: 127 | Existing positions closed: 57
100% more funds holding in top 10
Funds holding in top 10: 8 → 16 (+8)
69% more call options, than puts
Call options by funds: $854M | Put options by funds: $506M
15% more capital invested
Capital invested by funds: $10.1B → $11.6B (+$1.51B)
12% more funds holding
Funds holding: 576 → 643 (+67)
11% more repeat investments, than reductions
Existing positions increased: 218 | Existing positions reduced: 197
2.72% less ownership
Funds ownership: 64.68% → 61.96% (-2.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIM
SRS Investment Management
New York
|
+$262M |
| 2 |
FAM
Fred Alger Management
New York
|
+$181M |
| 3 |
SM
Senvest Management
New York
|
+$68.2M |
| 4 |
Westfield Capital Management
Boston,
Massachusetts
|
+$55.1M |
| 5 |
D.E. Shaw & Co
New York
|
+$54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$461M |
| 2 |
CM
Corvex Management
New York
|
-$239M |
| 3 |
MC
Maverick Capital
Dallas,
Texas
|
-$115M |
| 4 |
Morgan Stanley
New York
|
-$105M |
| 5 |
SCM
Steadfast Capital Management
New York
|
-$92.7M |
MGM Hedge Fund Activity: Q1 2021 in Review
643 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in MGM Resorts International (MGM) for Q1 2021, worth a combined $11.6B — up 15% from $10.1B a quarter earlier.
Buyers outnumbered sellers: 127 funds opened new MGM positions and 57 closed out — a net gain of 70 holders — while 218 added to existing stakes and 197 trimmed.
The largest buyer was SRS Investment Management, adding an estimated $262M. The largest seller was T. Rowe Price Associates, cutting an estimated $461M.
- 643 institutional investors held MGM Resorts International (MGM) as of Q1 2021, up from 576 in Q4 2020.
- Funds reported $11.6B of MGM Resorts International stock for Q1 2021, up 15% quarter-over-quarter.
- 127 funds opened new MGM Resorts International positions in Q1 2021 and 57 closed out, a net change of +70 holders.
- The largest MGM Resorts International buyer in Q1 2021 was SRS Investment Management, an estimated $262M added.
- The largest MGM Resorts International seller in Q1 2021 was T. Rowe Price Associates, an estimated $461M sold.
Based on aggregated 13F filings for Q1 2021.