MGM Resorts International
MGM
498 hedge funds and large institutions have $14.1B invested in MGM Resorts International in 2019 Q4 according to their latest regulatory filings, with 81 funds opening new positions, 147 increasing their positions, 188 reducing their positions, and 45 closing their positions.
80% more first-time investments, than exits
New positions opened: 81 | Existing positions closed: 45
25% more funds holding in top 10
Funds holding in top 10: 8 → 10 (+2)
18% more capital invested
Capital invested by funds: $11.9B → $14.1B (+$2.18B)
7% more funds holding
Funds holding: 467 → 498 (+31)
0.17% less ownership
Funds ownership: 82.67% → 82.5% (-0.17%)
22% less repeat investments, than reductions
Existing positions increased: 147 | Existing positions reduced: 188
29% less call options, than puts
Call options by funds: $210M | Put options by funds: $296M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$200M |
| 2 |
VOYA Investment Management
Atlanta,
Georgia
|
+$69.7M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$68.6M |
| 4 |
HVCM
HG Vora Capital Management
New York
|
+$60.9M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$53.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
-$150M |
| 2 |
CCA
Canyon Capital Advisors
Dallas,
Texas
|
-$104M |
| 3 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
-$99.5M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
-$78.9M |
| 5 |
SV
Starboard Value
New York
|
-$74.6M |
MGM Hedge Fund Activity: Q4 2019 in Review
498 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in MGM Resorts International (MGM) for Q4 2019, worth a combined $14.1B — up 18% from $11.9B a quarter earlier.
Buyers outnumbered sellers: 81 funds opened new MGM positions and 45 closed out — a net gain of 36 holders — while 147 added to existing stakes and 188 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $200M. The largest seller was Point72 Asset Management, cutting an estimated $150M.
- 498 institutional investors held MGM Resorts International (MGM) as of Q4 2019, up from 467 in Q3 2019.
- Funds reported $14.1B of MGM Resorts International stock for Q4 2019, up 18% quarter-over-quarter.
- 81 funds opened new MGM Resorts International positions in Q4 2019 and 45 closed out, a net change of +36 holders.
- The largest MGM Resorts International buyer in Q4 2019 was Goldman Sachs, an estimated $200M added.
- The largest MGM Resorts International seller in Q4 2019 was Point72 Asset Management, an estimated $150M sold.
Based on aggregated 13F filings for Q4 2019.