MGM Resorts International
419 hedge funds and large institutions have $11.6B invested in MGM Resorts International in 2017 Q1 according to their latest regulatory filings, with 69 funds opening new positions, 175 increasing their positions, 127 reducing their positions, and 73 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 175 | Existing positions reduced: 127
2.11% more ownership
Funds ownership: 72.01% → 74.12% (+2.1%)
2% less capital invested
Capital invested by funds: $11.9B → $11.6B (-$264M)
5% less first-time investments, than exits
New positions opened: 69 | Existing positions closed: 73
6% less call options, than puts
Call options by funds: $344M | Put options by funds: $364M
3% less funds holding
Funds holding: 434 → 419 (-15)
23% less funds holding in top 10
Funds holding in top 10: 26 → 20 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$623M |
| 2 |
SIG
Senator Investment Group
New York
|
+$243M |
| 3 |
Harris Associates
Chicago,
Illinois
|
+$189M |
| 4 |
Barclays
London,
United Kingdom
|
+$150M |
| 5 |
HCM
Hoplite Capital Management
New York
|
+$94.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$539M |
| 2 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
-$75.3M |
| 3 |
JCAM
Jericho Capital Asset Management
New York
|
-$72.5M |
| 4 |
Cohen & Steers
New York
|
-$72.3M |
| 5 |
MCM
Melvin Capital Management
New York
|
-$55.5M |
MGM Hedge Fund Activity: Q1 2017 in Review
419 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in MGM Resorts International (MGM) for Q1 2017, worth a combined $11.6B — down 2.2% from $11.9B a quarter earlier.
Sellers outnumbered buyers: 73 funds closed out of MGM and 69 opened new positions — a net loss of 4 holders — while 127 trimmed existing stakes and 175 added.
The largest buyer was BlackRock, adding an estimated $623M. The largest seller was T. Rowe Price Associates, cutting an estimated $539M.
- 419 institutional investors held MGM Resorts International (MGM) as of Q1 2017, down from 434 in Q4 2016.
- Funds reported $11.6B of MGM Resorts International stock for Q1 2017, down 2.2% quarter-over-quarter.
- 69 funds opened new MGM Resorts International positions in Q1 2017 and 73 closed out, a net change of -4 holders.
- The largest MGM Resorts International buyer in Q1 2017 was BlackRock, an estimated $623M added.
- The largest MGM Resorts International seller in Q1 2017 was T. Rowe Price Associates, an estimated $539M sold.
Based on aggregated 13F filings for Q1 2017.