Dave & Buster's
PLAY
155 hedge funds and large institutions have $443M invested in Dave & Buster's in 2020 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 51 increasing their positions, 55 reducing their positions, and 72 closing their positions.
7% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 55
6.65% less ownership
Funds ownership: 115.16% → 108.52% (-6.6%)
23% less funds holding
Funds holding: 202 → 155 (-47)
24% less call options, than puts
Call options by funds: $16.1M | Put options by funds: $21.3M
63% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 72
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
69% less capital invested
Capital invested by funds: $1.41B → $443M (-$971M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Eminence Capital
New York
|
+$57.6M |
| 2 |
KKRC
Kohlberg Kravis Roberts & Co
New York
|
+$44.1M |
| 3 |
ELI
Empire Life Investments
Toronto,
Ontario, Canada
|
+$14.6M |
| 4 |
LPAM
Legion Partners Asset Management
Los Angeles,
California
|
+$8.56M |
| 5 |
SI
Sapience Investments
Newport Beach,
California
|
+$5.35M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIG
Senator Investment Group
New York
|
-$60.3M |
| 2 |
Citigroup
New York
|
-$20.4M |
| 3 |
LOAMU
Lombard Odier Asset Management (USA)
New York
|
-$15.6M |
| 4 |
RHJA
Rice Hall James & Associates
San Diego,
California
|
-$11M |
| 5 |
Bank of New York Mellon
New York
|
-$9.9M |
PLAY Hedge Fund Activity: Q1 2020 in Review
155 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Dave & Buster's (PLAY) for Q1 2020, worth a combined $443M — down 69% from $1.41B a quarter earlier.
Sellers outnumbered buyers: 72 funds closed out of PLAY and 27 opened new positions — a net loss of 45 holders — while 55 trimmed existing stakes and 51 added.
The largest buyer was Eminence Capital, opening a new position worth an estimated $57.6M. The largest seller was Senator Investment Group, exiting entirely with an estimated $60.3M sold.
- 155 institutional investors held Dave & Buster's (PLAY) as of Q1 2020, down from 202 in Q4 2019.
- Funds reported $443M of Dave & Buster's stock for Q1 2020, down 69% quarter-over-quarter.
- 27 funds opened new Dave & Buster's positions in Q1 2020 and 72 closed out, a net change of -45 holders.
- The largest Dave & Buster's buyer in Q1 2020 was Eminence Capital, an estimated $57.6M added.
- The largest Dave & Buster's seller in Q1 2020 was Senator Investment Group, an estimated $60.3M sold.
Based on aggregated 13F filings for Q1 2020.