Red Rock Resorts
158 hedge funds and large institutions have $2.21B invested in Red Rock Resorts in 2023 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 68 increasing their positions, 61 reducing their positions, and 36 closing their positions.
163% more call options, than puts
Call options by funds: $12.3M | Put options by funds: $4.68M
11% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 61
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.32% less ownership
Funds ownership: 93.67% → 92.35% (-1.3%)
12% less capital invested
Capital invested by funds: $2.52B → $2.21B (-$312M)
14% less funds holding
Funds holding: 183 → 158 (-25)
61% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 36
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$75.2M |
| 2 |
BAMCO Inc
New York
|
+$43.5M |
| 3 |
EC
Eminence Capital
New York
|
+$5.05M |
| 4 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$4.88M |
| 5 |
Morgan Stanley
New York
|
+$4.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$26.4M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$17.6M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$17.3M |
| 4 |
Comerica Bank
Dallas,
Texas
|
-$15.5M |
| 5 |
Westfield Capital Management
Boston,
Massachusetts
|
-$8.9M |
RRR Hedge Fund Activity: Q3 2023 in Review
158 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Red Rock Resorts (RRR) for Q3 2023, worth a combined $2.21B — down 12% from $2.52B a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of RRR and 14 opened new positions — a net loss of 22 holders — while 61 trimmed existing stakes and 68 added.
The largest buyer was Fidelity Investments, adding an estimated $75.2M. The largest seller was Millennium Management, cutting an estimated $26.4M.
- 158 institutional investors held Red Rock Resorts (RRR) as of Q3 2023, down from 183 in Q2 2023.
- Funds reported $2.21B of Red Rock Resorts stock for Q3 2023, down 12% quarter-over-quarter.
- 14 funds opened new Red Rock Resorts positions in Q3 2023 and 36 closed out, a net change of -22 holders.
- The largest Red Rock Resorts buyer in Q3 2023 was Fidelity Investments, an estimated $75.2M added.
- The largest Red Rock Resorts seller in Q3 2023 was Millennium Management, an estimated $26.4M sold.
Based on aggregated 13F filings for Q3 2023.