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MGM Resorts International
MGM

319 hedge funds and large institutions have $7.66B invested in MGM Resorts International in 2013 Q4 according to their latest regulatory filings, with 65 funds opening new positions, 100 increasing their positions, 112 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

91% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 34

63% more funds holding in top 10

Funds holding in top 10: 8 → 13 (+5)

20% more capital invested

Capital invested by funds: $6.38B → $7.66B (+$1.28B)

13% more call options, than puts

Call options by funds: $537M | Put options by funds: $476M

9% more funds holding

Funds holding: 292 → 319 (+27)

2.5% more ownership

Funds ownership: 63.95% → 66.45% (+2.5%)

11% less repeat investments, than reductions

Existing positions increased: 100 | Existing positions reduced: 112

Holders
319
Holders Change
+27
Holders Change %
+9.25%
% of All Funds
9.26%
Holding in Top 10
13
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+62.5%
% of All Funds
0.38%
New
65
Increased
100
Reduced
112
Closed
34
Calls
$537M
Puts
$476M
Net Calls
+$60.5M
Net Calls Change
+$10.9M

Top Buyers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$121M
2
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$91.2M
3
Citadel Advisors
Citadel Advisors
Florida
+$87.5M
4
Deutsche Bank
Deutsche Bank
Germany
+$74.3M
5
SC
Sculptor Capital
New York
+$72.3M

Top Sellers

1
JHIU
Janus Henderson Investors US
Colorado
-$284M
2
PCM
PAR Capital Management
Massachusetts
-$75.7M
3
AllianceBernstein
AllianceBernstein
Tennessee
-$45.2M
4
Citigroup
Citigroup
New York
-$38.1M
5
SFM
Systematic Financial Management
New Jersey
-$36M
Name Holding Trade Value Shares
Change 		Change in
Stake
PC
1
Paulson & Co
New York
$677M -$20.6M -1,009,500 -3%
Capital World Investors
2
Capital World Investors
California
$544M – – –
Vanguard Group
3
Vanguard Group
Pennsylvania
$466M +$14.3M +702,339 +4%
T. Rowe Price Associates
4
T. Rowe Price Associates
Maryland
$463M +$121M +5,926,320 +43%
State Street
5
State Street
Massachusetts
$270M +$44.2M +2,170,070 +23%
Goldman Sachs
6
Goldman Sachs
New York
$262M -$735K -36,054 -0.3%
JHIU
7
Janus Henderson Investors US
Colorado
$257M -$284M -13,924,877 -56%
D.E. Shaw & Co
8
D.E. Shaw & Co
New York
$257M +$91.2M +4,477,942 +70%
BIT
9
BlackRock Institutional Trust
California
$243M -$9.48M -465,437 -4%
Deutsche Bank
10
Deutsche Bank
Germany
$222M +$74.3M +3,645,928 +63%
SC
11
Sculptor Capital
New York
$216M +$72.3M +3,547,569 +63%
Arrowstreet Capital
12
Arrowstreet Capital
Massachusetts
$189M +$68.4M +3,358,481 +72%
Citadel Advisors
13
Citadel Advisors
Florida
$164M +$87.5M +4,295,316 +161%
AM
14
Appaloosa Management
Florida
$151M -$3.16M -155,000 -2%
Two Sigma Investments
15
Two Sigma Investments
New York
$136M +$23.6M +1,155,815 +25%
Dimensional Fund Advisors
16
Dimensional Fund Advisors
Texas
$115M +$526K +25,824 +0.5%
Capital Research Global Investors
17
Capital Research Global Investors
California
$109M – – –
SFM
18
Systematic Financial Management
New Jersey
$97.3M -$36M -1,766,444 -30%
Two Sigma Advisers
19
Two Sigma Advisers
New York
$93.9M +$9.34M +458,200 +13%
FAM
20
Fred Alger Management
New York
$92M +$66.6M +3,269,230 +509%
GCM
21
Gates Capital Management
New York
$85.3M -$2.42M -119,000 -3%
Renaissance Technologies
22
Renaissance Technologies
New York
$79.3M +$35M +1,719,000 +104%
Bank of America
23
Bank of America
North Carolina
$72.1M -$9.42M -462,218 -13%
SG Americas Securities
24
SG Americas Securities
New York
$69.8M +$26.6M +1,306,026 +79%
Wellington Management Group
25
Wellington Management Group
Massachusetts
$65.9M -$5.81M -285,200 -9%
1
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MGM Hedge Fund Activity: Q4 2013 in Review

319 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in MGM Resorts International (MGM) for Q4 2013, worth a combined $7.66B — up 20% from $6.38B a quarter earlier.

Buyers outnumbered sellers: 65 funds opened new MGM positions and 34 closed out — a net gain of 31 holders — while 100 added to existing stakes and 112 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $121M. The largest seller was Janus Henderson Investors US, cutting an estimated $284M.

  • 319 institutional investors held MGM Resorts International (MGM) as of Q4 2013, up from 292 in Q3 2013.
  • Funds reported $7.66B of MGM Resorts International stock for Q4 2013, up 20% quarter-over-quarter.
  • 65 funds opened new MGM Resorts International positions in Q4 2013 and 34 closed out, a net change of +31 holders.
  • The largest MGM Resorts International buyer in Q4 2013 was T. Rowe Price Associates, an estimated $121M added.
  • The largest MGM Resorts International seller in Q4 2013 was Janus Henderson Investors US, an estimated $284M sold.

Based on aggregated 13F filings for Q4 2013.