MGM Resorts International
MGM
331 hedge funds and large institutions have $8.57B invested in MGM Resorts International in 2016 Q1 according to their latest regulatory filings, with 51 funds opening new positions, 122 increasing their positions, 113 reducing their positions, and 49 closing their positions.
5% more funds holding in top 10
Funds holding in top 10: 19 → 20 (+1)
8% more repeat investments, than reductions
Existing positions increased: 122 | Existing positions reduced: 113
4% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 49
0.57% more ownership
Funds ownership: 71.13% → 71.7% (+0.57%)
1% less funds holding
Funds holding: 333 → 331 (-2)
6% less capital invested
Capital invested by funds: $9.1B → $8.57B (-$536M)
46% less call options, than puts
Call options by funds: $158M | Put options by funds: $294M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$80.2M |
| 2 |
CCA
Canyon Capital Advisors
Dallas,
Texas
|
+$52.2M |
| 3 |
Royal London Asset Management
United Kingdom
|
+$43.7M |
| 4 |
SC
Sculptor Capital
New York
|
+$41.3M |
| 5 |
NM
Nokota Management
New York
|
+$37.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$61.4M |
| 2 |
AC
Ascend Capital
Orinda,
California
|
-$55.4M |
| 3 |
GA
Glenhill Advisors
New York
|
-$44.7M |
| 4 |
Capital World Investors
Los Angeles,
California
|
-$40.1M |
| 5 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$27.3M |
MGM Hedge Fund Activity: Q1 2016 in Review
331 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in MGM Resorts International (MGM) for Q1 2016, worth a combined $8.57B — down 5.9% from $9.1B a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new MGM positions and 49 closed out — a net gain of 2 holders — while 122 added to existing stakes and 113 trimmed.
The largest buyer was PAR Capital Management, adding an estimated $80.2M. The largest seller was Goldman Sachs, cutting an estimated $61.4M.
- 331 institutional investors held MGM Resorts International (MGM) as of Q1 2016, down from 333 in Q4 2015.
- Funds reported $8.57B of MGM Resorts International stock for Q1 2016, down 5.9% quarter-over-quarter.
- 51 funds opened new MGM Resorts International positions in Q1 2016 and 49 closed out, a net change of +2 holders.
- The largest MGM Resorts International buyer in Q1 2016 was PAR Capital Management, an estimated $80.2M added.
- The largest MGM Resorts International seller in Q1 2016 was Goldman Sachs, an estimated $61.4M sold.
Based on aggregated 13F filings for Q1 2016.