Red Rock Resorts
RRR
122 hedge funds and large institutions have $1.61B invested in Red Rock Resorts in 2019 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 52 increasing their positions, 44 reducing their positions, and 23 closing their positions.
18% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 44
2.18% more ownership
Funds ownership: 104.38% → 106.56% (+2.2%)
1% more call options, than puts
Call options by funds: $10.1M | Put options by funds: $10M
9% less funds holding
Funds holding: 134 → 122 (-12)
15% less capital invested
Capital invested by funds: $1.88B → $1.61B (-$274M)
43% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 23
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Nuveen
Charlotte,
North Carolina
|
+$29.2M |
| 2 |
Cohen & Steers
New York
|
+$14.8M |
| 3 |
Diamond Hill Capital Management
Columbus,
Ohio
|
+$14.4M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$12.5M |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$11.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Lomas Capital Management
New York
|
-$29.2M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$11.8M |
| 3 |
RI
Redwood Investments
Boston,
Massachusetts
|
-$10.6M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$8.82M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$7.25M |
RRR Hedge Fund Activity: Q2 2019 in Review
122 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Red Rock Resorts (RRR) for Q2 2019, worth a combined $1.61B — down 15% from $1.88B a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of RRR and 13 opened new positions — a net loss of 10 holders — while 44 trimmed existing stakes and 52 added.
The largest buyer was Nuveen, opening a new position worth an estimated $29.2M. The largest seller was Lomas Capital Management, cutting an estimated $29.2M.
- 122 institutional investors held Red Rock Resorts (RRR) as of Q2 2019, down from 134 in Q1 2019.
- Funds reported $1.61B of Red Rock Resorts stock for Q2 2019, down 15% quarter-over-quarter.
- 13 funds opened new Red Rock Resorts positions in Q2 2019 and 23 closed out, a net change of -10 holders.
- The largest Red Rock Resorts buyer in Q2 2019 was Nuveen, an estimated $29.2M added.
- The largest Red Rock Resorts seller in Q2 2019 was Lomas Capital Management, an estimated $29.2M sold.
Based on aggregated 13F filings for Q2 2019.