Red Rock Resorts
RRR
102 hedge funds and large institutions have $1.74B invested in Red Rock Resorts in 2017 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 45 increasing their positions, 30 reducing their positions, and 23 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
50% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 30
2.9% more ownership
Funds ownership: 107.45% → 110.35% (+2.9%)
2% more capital invested
Capital invested by funds: $1.71B → $1.74B (+$27.2M)
10% less funds holding
Funds holding: 113 → 102 (-11)
48% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 23
62% less call options, than puts
Call options by funds: $570K | Put options by funds: $1.52M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TBC
Three Bays Capital
Boston,
Massachusetts
|
+$50.7M |
| 2 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$36.6M |
| 3 |
BAMCO Inc
New York
|
+$35.8M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
+$31.6M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$22.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$32.6M |
| 2 |
Cohen & Steers
New York
|
-$27.2M |
| 3 |
JP Morgan Chase
New York
|
-$26.2M |
| 4 |
Goldman Sachs
New York
|
-$17.7M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
-$15.9M |
RRR Hedge Fund Activity: Q3 2017 in Review
102 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Red Rock Resorts (RRR) for Q3 2017, worth a combined $1.74B — up 1.6% from $1.71B a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of RRR and 12 opened new positions — a net loss of 11 holders — while 30 trimmed existing stakes and 45 added.
The largest buyer was Three Bays Capital, adding an estimated $50.7M. The largest seller was Fidelity Investments, cutting an estimated $32.6M.
- 102 institutional investors held Red Rock Resorts (RRR) as of Q3 2017, down from 113 in Q2 2017.
- Funds reported $1.74B of Red Rock Resorts stock for Q3 2017, up 1.6% quarter-over-quarter.
- 12 funds opened new Red Rock Resorts positions in Q3 2017 and 23 closed out, a net change of -11 holders.
- The largest Red Rock Resorts buyer in Q3 2017 was Three Bays Capital, an estimated $50.7M added.
- The largest Red Rock Resorts seller in Q3 2017 was Fidelity Investments, an estimated $32.6M sold.
Based on aggregated 13F filings for Q3 2017.