MGM Resorts International
464 hedge funds and large institutions have $12B invested in MGM Resorts International in 2018 Q3 according to their latest regulatory filings, with 62 funds opening new positions, 171 increasing their positions, 158 reducing their positions, and 76 closing their positions.
49% more call options, than puts
Call options by funds: $566M | Put options by funds: $380M
2.01% more ownership
Funds ownership: 78.24% → 80.25% (+2%)
8% more repeat investments, than reductions
Existing positions increased: 171 | Existing positions reduced: 158
4% less capital invested
Capital invested by funds: $12.6B → $12B (-$552M)
4% less funds holding
Funds holding: 483 → 464 (-19)
11% less funds holding in top 10
Funds holding in top 10: 18 → 16 (-2)
18% less first-time investments, than exits
New positions opened: 62 | Existing positions closed: 76
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$625M |
| 2 |
Capital International Investors
Los Angeles,
California
|
+$391M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$102M |
| 4 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
+$99M |
| 5 |
LPC
Long Pond Capital
New York
|
+$97.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCP
Soroban Capital Partners
New York
|
-$362M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$348M |
| 3 |
EC
Eminence Capital
New York
|
-$262M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$183M |
| 5 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
-$181M |
MGM Hedge Fund Activity: Q3 2018 in Review
464 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in MGM Resorts International (MGM) for Q3 2018, worth a combined $12B — down 4.4% from $12.6B a quarter earlier.
Sellers outnumbered buyers: 76 funds closed out of MGM and 62 opened new positions — a net loss of 14 holders — while 158 trimmed existing stakes and 171 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $625M. The largest seller was Soroban Capital Partners, exiting entirely with an estimated $362M sold.
- 464 institutional investors held MGM Resorts International (MGM) as of Q3 2018, down from 483 in Q2 2018.
- Funds reported $12B of MGM Resorts International stock for Q3 2018, down 4.4% quarter-over-quarter.
- 62 funds opened new MGM Resorts International positions in Q3 2018 and 76 closed out, a net change of -14 holders.
- The largest MGM Resorts International buyer in Q3 2018 was T. Rowe Price Associates, an estimated $625M added.
- The largest MGM Resorts International seller in Q3 2018 was Soroban Capital Partners, an estimated $362M sold.
Based on aggregated 13F filings for Q3 2018.