MGM Resorts International
MGM
706 hedge funds and large institutions have $10.4B invested in MGM Resorts International in 2023 Q2 according to their latest regulatory filings, with 108 funds opening new positions, 187 increasing their positions, 275 reducing their positions, and 63 closing their positions.
71% more first-time investments, than exits
New positions opened: 108 | Existing positions closed: 63
20% more funds holding in top 10
Funds holding in top 10: 15 → 18 (+3)
6% more funds holding
Funds holding: 667 → 706 (+39)
0.75% more ownership
Funds ownership: 64.3% → 65.05% (+0.75%)
2% less capital invested
Capital invested by funds: $10.7B → $10.4B (-$262M)
18% less call options, than puts
Call options by funds: $286M | Put options by funds: $348M
32% less repeat investments, than reductions
Existing positions increased: 187 | Existing positions reduced: 275
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$77M |
| 2 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$60.5M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$46.9M |
| 4 |
Man Group
London,
United Kingdom
|
+$41.6M |
| 5 |
Barclays
London,
United Kingdom
|
+$34.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$133M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$94.2M |
| 3 |
D.E. Shaw & Co
New York
|
-$72.5M |
| 4 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$53.3M |
| 5 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
-$50.4M |
MGM Hedge Fund Activity: Q2 2023 in Review
706 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in MGM Resorts International (MGM) for Q2 2023, worth a combined $10.4B — down 2.5% from $10.7B a quarter earlier.
Buyers outnumbered sellers: 108 funds opened new MGM positions and 63 closed out — a net gain of 45 holders — while 187 added to existing stakes and 275 trimmed.
The largest buyer was Ameriprise, adding an estimated $77M. The largest seller was Wellington Management Group, exiting entirely with an estimated $133M sold.
- 706 institutional investors held MGM Resorts International (MGM) as of Q2 2023, up from 667 in Q1 2023.
- Funds reported $10.4B of MGM Resorts International stock for Q2 2023, down 2.5% quarter-over-quarter.
- 108 funds opened new MGM Resorts International positions in Q2 2023 and 63 closed out, a net change of +45 holders.
- The largest MGM Resorts International buyer in Q2 2023 was Ameriprise, an estimated $77M added.
- The largest MGM Resorts International seller in Q2 2023 was Wellington Management Group, an estimated $133M sold.
Based on aggregated 13F filings for Q2 2023.