Red Rock Resorts
RRR
118 hedge funds and large institutions have $1.48B invested in Red Rock Resorts in 2019 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 46 increasing their positions, 39 reducing their positions, and 24 closing their positions.
128% more call options, than puts
Call options by funds: $20.8M | Put options by funds: $9.14M
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
18% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 39
3.02% less ownership
Funds ownership: 106.56% → 103.54% (-3%)
3% less funds holding
Funds holding: 122 → 118 (-4)
8% less capital invested
Capital invested by funds: $1.61B → $1.48B (-$130M)
17% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 24
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Long Pond Capital
New York
|
+$57.8M |
| 2 |
ZCA
Zeke Capital Advisors
Berwyn,
Pennsylvania
|
+$56.5M |
| 3 |
ZP
Zimmer Partners
New York
|
+$17.2M |
| 4 |
JGC
J. Goldman & Co
New York
|
+$11.7M |
| 5 |
Diamond Hill Capital Management
Columbus,
Ohio
|
+$8.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$48.3M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$40.3M |
| 3 |
LCM
Lomas Capital Management
New York
|
-$29.5M |
| 4 |
DKCM
Davidson Kempner Capital Management
New York
|
-$26.9M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
-$26.8M |
RRR Hedge Fund Activity: Q3 2019 in Review
118 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Red Rock Resorts (RRR) for Q3 2019, worth a combined $1.48B — down 8.1% from $1.61B a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of RRR and 20 opened new positions — a net loss of 4 holders — while 39 trimmed existing stakes and 46 added.
The largest buyer was Long Pond Capital, adding an estimated $57.8M. The largest seller was Fidelity Investments, cutting an estimated $48.3M.
- 118 institutional investors held Red Rock Resorts (RRR) as of Q3 2019, down from 122 in Q2 2019.
- Funds reported $1.48B of Red Rock Resorts stock for Q3 2019, down 8.1% quarter-over-quarter.
- 20 funds opened new Red Rock Resorts positions in Q3 2019 and 24 closed out, a net change of -4 holders.
- The largest Red Rock Resorts buyer in Q3 2019 was Long Pond Capital, an estimated $57.8M added.
- The largest Red Rock Resorts seller in Q3 2019 was Fidelity Investments, an estimated $48.3M sold.
Based on aggregated 13F filings for Q3 2019.