Red Rock Resorts
100 hedge funds and large institutions have $936M invested in Red Rock Resorts in 2016 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 39 increasing their positions, 34 reducing their positions, and 21 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
15% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 34
3% more capital invested
Capital invested by funds: $910M → $936M (+$26.4M)
4% less funds holding
Funds holding: 104 → 100 (-4)
19% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 21
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $245K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$31.4M |
| 2 |
Diamond Hill Capital Management
Columbus,
Ohio
|
+$27.3M |
| 3 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$12M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$7.25M |
| 5 |
Nordea Investment Management
Stockholm,
Sweden
|
+$6.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
-$15.2M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
-$13.7M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$12.2M |
| 4 |
FAM
Fred Alger Management
New York
|
-$11.7M |
| 5 |
JP Morgan Chase
New York
|
-$7.55M |
RRR Hedge Fund Activity: Q3 2016 in Review
100 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Red Rock Resorts (RRR) for Q3 2016, worth a combined $936M — up 2.9% from $910M a quarter earlier.
Sellers outnumbered buyers: 21 funds closed out of RRR and 17 opened new positions — a net loss of 4 holders — while 34 trimmed existing stakes and 39 added.
The largest buyer was Cohen & Steers, adding an estimated $31.4M. The largest seller was Marshall Wace, cutting an estimated $15.2M.
- 100 institutional investors held Red Rock Resorts (RRR) as of Q3 2016, down from 104 in Q2 2016.
- Funds reported $936M of Red Rock Resorts stock for Q3 2016, up 2.9% quarter-over-quarter.
- 17 funds opened new Red Rock Resorts positions in Q3 2016 and 21 closed out, a net change of -4 holders.
- The largest Red Rock Resorts buyer in Q3 2016 was Cohen & Steers, an estimated $31.4M added.
- The largest Red Rock Resorts seller in Q3 2016 was Marshall Wace, an estimated $15.2M sold.
Based on aggregated 13F filings for Q3 2016.