MGM Growth Properties LLC Class A common shares representing limited liability company interests

MGP

Market cap $6.53B

MGP Hedge Fund Activity: Q3 2016 in Review

118 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in MGM Growth Properties LLC Class A common shares representing limited liability company interests (MGP) for Q3 2016, worth a combined $1.39B — down 7.5% from $1.5B a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of MGP and 17 opened new positions — a net loss of 3 holders — while 40 trimmed existing stakes and 44 added.

The largest buyer was Perkins Investment Management, adding an estimated $21.1M. The largest seller was Capital Growth Management, exiting entirely with an estimated $27.5M sold.

• 118 institutional investors held MGM Growth Properties LLC Class A common shares representing limited liability company interests (MGP) as of Q3 2016, down from 121 in Q2 2016.
• Funds reported $1.39B of MGM Growth Properties LLC Class A common shares representing limited liability company interests stock for Q3 2016, down 7.5% quarter-over-quarter.
• 17 funds opened new MGM Growth Properties LLC Class A common shares representing limited liability company interests positions in Q3 2016 and 20 closed out, a net change of -3 holders.
• The largest MGM Growth Properties LLC Class A common shares representing limited liability company interests buyer in Q3 2016 was Perkins Investment Management, an estimated $21.1M added.
• The largest MGM Growth Properties LLC Class A common shares representing limited liability company interests seller in Q3 2016 was Capital Growth Management, an estimated $27.5M sold.

Based on aggregated 13F filings for Q3 2016.