Dave & Buster's
PLAY
234 hedge funds and large institutions have $1.7B invested in Dave & Buster's in 2019 Q2 according to their latest regulatory filings, with 52 funds opening new positions, 62 increasing their positions, 90 reducing their positions, and 65 closing their positions.
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
5.6% more ownership
Funds ownership: 109.57% → 115.16% (+5.6%)
5% more call options, than puts
Call options by funds: $29.5M | Put options by funds: $28M
7% less funds holding
Funds holding: 251 → 234 (-17)
20% less capital invested
Capital invested by funds: $2.11B → $1.7B (-$416M)
20% less first-time investments, than exits
New positions opened: 52 | Existing positions closed: 65
31% less repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 90
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
+$102M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$34.3M |
| 3 |
BHG
Blue Harbour Group
Greenwich,
Connecticut
|
+$34.1M |
| 4 |
ICM
Indaba Capital Management
San Francisco,
California
|
+$31.1M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
+$24.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$58.7M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$44.3M |
| 3 |
CTA
Carillon Tower Advisers
St. Petersburg,
Florida
|
-$40.8M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
-$35.4M |
| 5 |
FWIA
Fort Washington Investment Advisors
Cincinnati,
Ohio
|
-$29.7M |
PLAY Hedge Fund Activity: Q2 2019 in Review
234 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Dave & Buster's (PLAY) for Q2 2019, worth a combined $1.7B — down 20% from $2.11B a quarter earlier.
Sellers outnumbered buyers: 65 funds closed out of PLAY and 52 opened new positions — a net loss of 13 holders — while 90 trimmed existing stakes and 62 added.
The largest buyer was HG Vora Capital Management, opening a new position worth an estimated $102M. The largest seller was Eagle Asset Management, exiting entirely with an estimated $58.7M sold.
- 234 institutional investors held Dave & Buster's (PLAY) as of Q2 2019, down from 251 in Q1 2019.
- Funds reported $1.7B of Dave & Buster's stock for Q2 2019, down 20% quarter-over-quarter.
- 52 funds opened new Dave & Buster's positions in Q2 2019 and 65 closed out, a net change of -13 holders.
- The largest Dave & Buster's buyer in Q2 2019 was HG Vora Capital Management, an estimated $102M added.
- The largest Dave & Buster's seller in Q2 2019 was Eagle Asset Management, an estimated $58.7M sold.
Based on aggregated 13F filings for Q2 2019.