MGM Resorts International
519 hedge funds and large institutions have $7B invested in MGM Resorts International in 2020 Q3 according to their latest regulatory filings, with 97 funds opening new positions, 146 increasing their positions, 196 reducing their positions, and 77 closing their positions.
26% more first-time investments, than exits
New positions opened: 97 | Existing positions closed: 77
26% more capital invested
Capital invested by funds: $5.56B → $7B (+$1.44B)
4% more funds holding
Funds holding: 501 → 519 (+18)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
1.93% less ownership
Funds ownership: 67.19% → 65.26% (-1.9%)
13% less call options, than puts
Call options by funds: $430M | Put options by funds: $492M
26% less repeat investments, than reductions
Existing positions increased: 146 | Existing positions reduced: 196
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$167M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$123M |
| 3 |
SAM
Southeastern Asset Management
Memphis,
Tennessee
|
+$98.4M |
| 4 |
JP Morgan Chase
New York
|
+$68.7M |
| 5 |
Goldman Sachs
New York
|
+$57.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$185M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$114M |
| 3 |
SIM
SRS Investment Management
New York
|
-$91.5M |
| 4 |
BlackRock
New York
|
-$68.6M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$56.7M |
MGM Hedge Fund Activity: Q3 2020 in Review
519 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in MGM Resorts International (MGM) for Q3 2020, worth a combined $7B — up 26% from $5.56B a quarter earlier.
Buyers outnumbered sellers: 97 funds opened new MGM positions and 77 closed out — a net gain of 20 holders — while 146 added to existing stakes and 196 trimmed.
The largest buyer was Orbis Allan Gray, opening a new position worth an estimated $167M. The largest seller was Vanguard Group, cutting an estimated $185M.
- 519 institutional investors held MGM Resorts International (MGM) as of Q3 2020, up from 501 in Q2 2020.
- Funds reported $7B of MGM Resorts International stock for Q3 2020, up 26% quarter-over-quarter.
- 97 funds opened new MGM Resorts International positions in Q3 2020 and 77 closed out, a net change of +20 holders.
- The largest MGM Resorts International buyer in Q3 2020 was Orbis Allan Gray, an estimated $167M added.
- The largest MGM Resorts International seller in Q3 2020 was Vanguard Group, an estimated $185M sold.
Based on aggregated 13F filings for Q3 2020.