MGM Resorts International
686 hedge funds and large institutions have $8.53B invested in MGM Resorts International in 2023 Q3 according to their latest regulatory filings, with 82 funds opening new positions, 190 increasing their positions, 291 reducing their positions, and 95 closing their positions.
0.96% more ownership
Funds ownership: 65.05% → 66.01% (+0.96%)
3% less funds holding
Funds holding: 705 → 686 (-19)
14% less first-time investments, than exits
New positions opened: 82 | Existing positions closed: 95
18% less capital invested
Capital invested by funds: $10.4B → $8.53B (-$1.87B)
35% less repeat investments, than reductions
Existing positions increased: 190 | Existing positions reduced: 291
35% less call options, than puts
Call options by funds: $313M | Put options by funds: $483M
44% less funds holding in top 10
Funds holding in top 10: 18 → 10 (-8)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
+$435M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$246M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
+$165M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$74.5M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$48.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$242M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$146M |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
-$141M |
| 4 |
BlackRock
New York
|
-$120M |
| 5 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
-$75.1M |
MGM Hedge Fund Activity: Q3 2023 in Review
686 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in MGM Resorts International (MGM) for Q3 2023, worth a combined $8.53B — down 18% from $10.4B a quarter earlier.
Sellers outnumbered buyers: 95 funds closed out of MGM and 82 opened new positions — a net loss of 13 holders — while 291 trimmed existing stakes and 190 added.
The largest buyer was Davis Selected Advisers, opening a new position worth an estimated $435M. The largest seller was T. Rowe Price Investment Management, cutting an estimated $242M.
- 686 institutional investors held MGM Resorts International (MGM) as of Q3 2023, down from 705 in Q2 2023.
- Funds reported $8.53B of MGM Resorts International stock for Q3 2023, down 18% quarter-over-quarter.
- 82 funds opened new MGM Resorts International positions in Q3 2023 and 95 closed out, a net change of -13 holders.
- The largest MGM Resorts International buyer in Q3 2023 was Davis Selected Advisers, an estimated $435M added.
- The largest MGM Resorts International seller in Q3 2023 was T. Rowe Price Investment Management, an estimated $242M sold.
Based on aggregated 13F filings for Q3 2023.