MGM Resorts International
426 hedge funds and large institutions have $13.6B invested in MGM Resorts International in 2017 Q2 according to their latest regulatory filings, with 66 funds opening new positions, 148 increasing their positions, 160 reducing their positions, and 57 closing their positions.
96% more call options, than puts
Call options by funds: $839M | Put options by funds: $428M
17% more capital invested
Capital invested by funds: $11.7B → $13.6B (+$1.99B)
16% more first-time investments, than exits
New positions opened: 66 | Existing positions closed: 57
5% more funds holding in top 10
Funds holding in top 10: 20 → 21 (+1)
1.77% more ownership
Funds ownership: 74.11% → 75.88% (+1.8%)
2% more funds holding
Funds holding: 419 → 426 (+7)
8% less repeat investments, than reductions
Existing positions increased: 148 | Existing positions reduced: 160
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCP
Soroban Capital Partners
New York
|
+$517M |
| 2 |
PC
PointState Capital
New York
|
+$236M |
| 3 |
MC
Maverick Capital
Dallas,
Texas
|
+$213M |
| 4 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
+$190M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$89.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$380M |
| 2 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$92.7M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
-$83M |
| 4 |
Barclays
London,
United Kingdom
|
-$72.3M |
| 5 |
Harris Associates
Chicago,
Illinois
|
-$70.9M |
MGM Hedge Fund Activity: Q2 2017 in Review
426 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in MGM Resorts International (MGM) for Q2 2017, worth a combined $13.6B — up 17% from $11.7B a quarter earlier.
Buyers outnumbered sellers: 66 funds opened new MGM positions and 57 closed out — a net gain of 9 holders — while 148 added to existing stakes and 160 trimmed.
The largest buyer was Soroban Capital Partners, opening a new position worth an estimated $517M. The largest seller was T. Rowe Price Associates, cutting an estimated $380M.
- 426 institutional investors held MGM Resorts International (MGM) as of Q2 2017, up from 419 in Q1 2017.
- Funds reported $13.6B of MGM Resorts International stock for Q2 2017, up 17% quarter-over-quarter.
- 66 funds opened new MGM Resorts International positions in Q2 2017 and 57 closed out, a net change of +9 holders.
- The largest MGM Resorts International buyer in Q2 2017 was Soroban Capital Partners, an estimated $517M added.
- The largest MGM Resorts International seller in Q2 2017 was T. Rowe Price Associates, an estimated $380M sold.
Based on aggregated 13F filings for Q2 2017.