Red Rock Resorts
RRR
118 hedge funds and large institutions have $1.55B invested in Red Rock Resorts in 2016 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 59 increasing their positions, 18 reducing their positions, and 13 closing their positions.
228% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 18
160.64% more ownership
Funds ownership: 0% → 160.64% (+161%)
154% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 13
65% more capital invested
Capital invested by funds: $936M → $1.55B (+$612M)
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
18% more funds holding
Funds holding: 100 → 118 (+18)
77% less call options, than puts
Call options by funds: $299K | Put options by funds: $1.29M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$166M |
| 2 |
HCM
Highline Capital Management
New York
|
+$45.1M |
| 3 |
Goldman Sachs
New York
|
+$37.2M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$28.5M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
+$28.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DKCM
Davidson Kempner Capital Management
New York
|
-$11.2M |
| 2 |
RAM
RWC Asset Management
London,
United Kingdom
|
-$10.6M |
| 3 |
SAM
Serengeti Asset Management
New York
|
-$8.36M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$5.52M |
| 5 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$3.71M |
RRR Hedge Fund Activity: Q4 2016 in Review
118 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Red Rock Resorts (RRR) for Q4 2016, worth a combined $1.55B — up 65% from $936M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new RRR positions and 13 closed out — a net gain of 20 holders — while 59 added to existing stakes and 18 trimmed.
The largest buyer was Cohen & Steers, adding an estimated $166M. The largest seller was Davidson Kempner Capital Management, exiting entirely with an estimated $11.2M sold.
- 118 institutional investors held Red Rock Resorts (RRR) as of Q4 2016, up from 100 in Q3 2016.
- Funds reported $1.55B of Red Rock Resorts stock for Q4 2016, up 65% quarter-over-quarter.
- 33 funds opened new Red Rock Resorts positions in Q4 2016 and 13 closed out, a net change of +20 holders.
- The largest Red Rock Resorts buyer in Q4 2016 was Cohen & Steers, an estimated $166M added.
- The largest Red Rock Resorts seller in Q4 2016 was Davidson Kempner Capital Management, an estimated $11.2M sold.
Based on aggregated 13F filings for Q4 2016.