MGM Resorts International
446 hedge funds and large institutions have $10.5B invested in MGM Resorts International in 2018 Q4 according to their latest regulatory filings, with 68 funds opening new positions, 143 increasing their positions, 175 reducing their positions, and 84 closing their positions.
59% more call options, than puts
Call options by funds: $436M | Put options by funds: $275M
2.19% more ownership
Funds ownership: 80.25% → 82.44% (+2.2%)
4% less funds holding
Funds holding: 464 → 446 (-18)
13% less capital invested
Capital invested by funds: $12B → $10.5B (-$1.51B)
18% less repeat investments, than reductions
Existing positions increased: 143 | Existing positions reduced: 175
19% less first-time investments, than exits
New positions opened: 68 | Existing positions closed: 84
31% less funds holding in top 10
Funds holding in top 10: 16 → 11 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
+$137M |
| 2 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$131M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$122M |
| 4 |
CM
Corvex Management
New York
|
+$118M |
| 5 |
Two Sigma Advisers
New York
|
+$58.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
-$181M |
| 2 |
PCM
Palestra Capital Management
New York
|
-$81.4M |
| 3 |
JP Morgan Chase
New York
|
-$74.2M |
| 4 |
Harris Associates
Chicago,
Illinois
|
-$68M |
| 5 |
GCM
Gates Capital Management
New York
|
-$66.5M |
MGM Hedge Fund Activity: Q4 2018 in Review
446 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in MGM Resorts International (MGM) for Q4 2018, worth a combined $10.5B — down 13% from $12B a quarter earlier.
Sellers outnumbered buyers: 84 funds closed out of MGM and 68 opened new positions — a net loss of 16 holders — while 175 trimmed existing stakes and 143 added.
The largest buyer was Capital World Investors, adding an estimated $137M. The largest seller was HG Vora Capital Management, exiting entirely with an estimated $181M sold.
- 446 institutional investors held MGM Resorts International (MGM) as of Q4 2018, down from 464 in Q3 2018.
- Funds reported $10.5B of MGM Resorts International stock for Q4 2018, down 13% quarter-over-quarter.
- 68 funds opened new MGM Resorts International positions in Q4 2018 and 84 closed out, a net change of -16 holders.
- The largest MGM Resorts International buyer in Q4 2018 was Capital World Investors, an estimated $137M added.
- The largest MGM Resorts International seller in Q4 2018 was HG Vora Capital Management, an estimated $181M sold.
Based on aggregated 13F filings for Q4 2018.