MGM Resorts International
435 hedge funds and large institutions have $11.9B invested in MGM Resorts International in 2016 Q4 according to their latest regulatory filings, with 114 funds opening new positions, 144 increasing their positions, 133 reducing their positions, and 33 closing their positions.
245% more first-time investments, than exits
New positions opened: 114 | Existing positions closed: 33
77% more call options, than puts
Call options by funds: $1.13B | Put options by funds: $636M
37% more funds holding in top 10
Funds holding in top 10: 19 → 26 (+7)
21% more funds holding
Funds holding: 360 → 435 (+75)
12% more capital invested
Capital invested by funds: $10.7B → $11.9B (+$1.25B)
8% more repeat investments, than reductions
Existing positions increased: 144 | Existing positions reduced: 133
0.44% less ownership
Funds ownership: 72.46% → 72.02% (-0.44%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$100M |
| 2 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
+$76.7M |
| 3 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$72.8M |
| 4 |
JCAM
Jericho Capital Asset Management
New York
|
+$69.7M |
| 5 |
Cohen & Steers
New York
|
+$69.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$326M |
| 2 |
SC
Sculptor Capital
New York
|
-$206M |
| 3 |
CIP
Chartwell Investment Partners
Berywn,
Pennsylvania
|
-$109M |
| 4 |
HCM
Highfields Capital Management
Boston,
Massachusetts
|
-$107M |
| 5 |
CCA
Canyon Capital Advisors
Dallas,
Texas
|
-$74.3M |
MGM Hedge Fund Activity: Q4 2016 in Review
435 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in MGM Resorts International (MGM) for Q4 2016, worth a combined $11.9B — up 12% from $10.7B a quarter earlier.
Buyers outnumbered sellers: 114 funds opened new MGM positions and 33 closed out — a net gain of 81 holders — while 144 added to existing stakes and 133 trimmed.
The largest buyer was AllianceBernstein, adding an estimated $100M. The largest seller was T. Rowe Price Associates, cutting an estimated $326M.
- 435 institutional investors held MGM Resorts International (MGM) as of Q4 2016, up from 360 in Q3 2016.
- Funds reported $11.9B of MGM Resorts International stock for Q4 2016, up 12% quarter-over-quarter.
- 114 funds opened new MGM Resorts International positions in Q4 2016 and 33 closed out, a net change of +81 holders.
- The largest MGM Resorts International buyer in Q4 2016 was AllianceBernstein, an estimated $100M added.
- The largest MGM Resorts International seller in Q4 2016 was T. Rowe Price Associates, an estimated $326M sold.
Based on aggregated 13F filings for Q4 2016.