Red Rock Resorts
RRR
113 hedge funds and large institutions have $1.71B invested in Red Rock Resorts in 2017 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 53 increasing their positions, 28 reducing their positions, and 27 closing their positions.
89% more repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 28
15% more capital invested
Capital invested by funds: $1.49B → $1.71B (+$224M)
5.77% more ownership
Funds ownership: 101.69% → 107.45% (+5.8%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
6% less funds holding
Funds holding: 120 → 113 (-7)
26% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
+$65.6M |
| 2 |
BlackRock
New York
|
+$42.1M |
| 3 |
TBC
Three Bays Capital
Boston,
Massachusetts
|
+$34.3M |
| 4 |
BAMCO Inc
New York
|
+$28.9M |
| 5 |
MWNA
Marshall Wace North America
New York
|
+$16.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highline Capital Management
New York
|
-$76.2M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$22.3M |
| 3 |
AC
Ascend Capital
Orinda,
California
|
-$21.7M |
| 4 |
O
OppenheimerFunds
New York
|
-$8.92M |
| 5 |
KC
KRV Capital
New York
|
-$8.43M |
RRR Hedge Fund Activity: Q2 2017 in Review
113 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Red Rock Resorts (RRR) for Q2 2017, worth a combined $1.71B — up 15% from $1.49B a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of RRR and 20 opened new positions — a net loss of 7 holders — while 28 trimmed existing stakes and 53 added.
The largest buyer was Point72 Asset Management, adding an estimated $65.6M. The largest seller was Highline Capital Management, exiting entirely with an estimated $76.2M sold.
- 113 institutional investors held Red Rock Resorts (RRR) as of Q2 2017, down from 120 in Q1 2017.
- Funds reported $1.71B of Red Rock Resorts stock for Q2 2017, up 15% quarter-over-quarter.
- 20 funds opened new Red Rock Resorts positions in Q2 2017 and 27 closed out, a net change of -7 holders.
- The largest Red Rock Resorts buyer in Q2 2017 was Point72 Asset Management, an estimated $65.6M added.
- The largest Red Rock Resorts seller in Q2 2017 was Highline Capital Management, an estimated $76.2M sold.
Based on aggregated 13F filings for Q2 2017.