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MGM Resorts International
MGM

667 hedge funds and large institutions have $10.7B invested in MGM Resorts International in 2023 Q1 according to their latest regulatory filings, with 114 funds opening new positions, 187 increasing their positions, 254 reducing their positions, and 70 closing their positions.

New
Increased
Maintained
Reduced
Closed

63% more first-time investments, than exits

New positions opened: 114 | Existing positions closed: 70

31% more capital invested

Capital invested by funds: $8.16B → $10.7B (+$2.5B)

4% more funds holding

Funds holding: 639 → 667 (+28)

0.03% more ownership

Funds ownership: 64.27% → 64.3% (+0.03%)

0% more funds holding in top 10

Funds holding in top 10: 15 → 15 (0)

13% less call options, than puts

Call options by funds: $370M | Put options by funds: $427M

26% less repeat investments, than reductions

Existing positions increased: 187 | Existing positions reduced: 254

Holders
667
Holders Change
+28
Holders Change %
+4.38%
% of All Funds
10.63%
Holding in Top 10
15
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.24%
New
114
Increased
187
Reduced
254
Closed
70
Calls
$370M
Puts
$427M
Net Calls
-$57M
Net Calls Change
+$77.7M

Top Buyers

1
Fisher Asset Management
Fisher Asset Management
Washington
+$181M
2
Bessemer Group
Bessemer Group
New Jersey
+$134M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$124M
4
SIG
Senator Investment Group
New York
+$43.6M
5
KCM
Key Colony Management
Arkansas
+$36.7M

Top Sellers

1
VOYA Investment Management
VOYA Investment Management
Georgia
-$159M
2
Citadel Advisors
Citadel Advisors
Florida
-$158M
3
N
Nuveen
North Carolina
-$81.6M
4
OAG
Orbis Allan Gray
Bermuda
-$80.3M
5
Norges Bank
Norges Bank
Norway
-$62.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$1.51B -$2.76M -66,522 -0.2%
BlackRock
2
BlackRock
New York
$974M -$1.62M -39,061 -0.2%
T. Rowe Price Investment Management
3
T. Rowe Price Investment Management
Maryland
$927M -$17.3M -415,694 -2%
State Street
4
State Street
Massachusetts
$527M -$8.22M -197,875 -2%
Morgan Stanley
5
Morgan Stanley
New York
$311M +$11.5M +275,918 +4%
CM
6
Corvex Management
New York
$296M – – –
Geode Capital Management
7
Geode Capital Management
Massachusetts
$287M +$2.53M +60,969 +0.9%
Canada Pension Plan Investment Board
8
Canada Pension Plan Investment Board
Ontario, Canada
$264M -$38.7M -931,842 -14%
Fisher Asset Management
9
Fisher Asset Management
Washington
$194M +$181M +4,356,802 New
Dimensional Fund Advisors
10
Dimensional Fund Advisors
Texas
$163M -$1.65M -39,748 -1%
Norges Bank
11
Norges Bank
Norway
$153M -$62.2M -1,495,981 -30%
Bank of America
12
Bank of America
North Carolina
$153M -$12.4M -298,755 -8%
SAM
13
Southeastern Asset Management
Tennessee
$145M -$18.6M -448,062 -12%
Bessemer Group
14
Bessemer Group
New Jersey
$144M +$134M +3,232,616 +95,895%
T. Rowe Price Associates
15
T. Rowe Price Associates
Maryland
$140M -$15.2M -364,858 -10%
Northern Trust
16
Northern Trust
Illinois
$134M -$1.59M -38,316 -1%
Wellington Management Group
17
Wellington Management Group
Massachusetts
$133M +$124M +2,990,441 New
Invesco
18
Invesco
Georgia
$133M -$33.3M -800,606 -21%
Charles Schwab
19
Charles Schwab
California
$119M -$467K -11,230 -0.4%
AM
20
Atreides Management
Massachusetts
$113M -$30.3M -729,030 -22%
Westfield Capital Management
21
Westfield Capital Management
Massachusetts
$101M -$27.2M -655,606 -22%
D.E. Shaw & Co
22
D.E. Shaw & Co
New York
$99.7M +$10.6M +254,010 +13%
Bank of New York Mellon
23
Bank of New York Mellon
New York
$91.9M -$8.29M -199,529 -9%
FAM
24
Fred Alger Management
New York
$90.5M -$57.8M -1,391,641 -41%
N
25
Nuveen
North Carolina
$87.9M -$81.6M -1,964,672 -50%
1
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MGM Hedge Fund Activity: Q1 2023 in Review

667 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in MGM Resorts International (MGM) for Q1 2023, worth a combined $10.7B — up 31% from $8.16B a quarter earlier.

Buyers outnumbered sellers: 114 funds opened new MGM positions and 70 closed out — a net gain of 44 holders — while 187 added to existing stakes and 254 trimmed.

The largest buyer was Fisher Asset Management, opening a new position worth an estimated $181M. The largest seller was VOYA Investment Management, cutting an estimated $159M.

  • 667 institutional investors held MGM Resorts International (MGM) as of Q1 2023, up from 639 in Q4 2022.
  • Funds reported $10.7B of MGM Resorts International stock for Q1 2023, up 31% quarter-over-quarter.
  • 114 funds opened new MGM Resorts International positions in Q1 2023 and 70 closed out, a net change of +44 holders.
  • The largest MGM Resorts International buyer in Q1 2023 was Fisher Asset Management, an estimated $181M added.
  • The largest MGM Resorts International seller in Q1 2023 was VOYA Investment Management, an estimated $159M sold.

Based on aggregated 13F filings for Q1 2023.