Red Rock Resorts
RRR
192 hedge funds and large institutions have $3.01B invested in Red Rock Resorts in 2024 Q1 according to their latest regulatory filings, with 43 funds opening new positions, 51 increasing their positions, 66 reducing their positions, and 21 closing their positions.
105% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 21
33% more call options, than puts
Call options by funds: $16.7M | Put options by funds: $12.6M
12% more funds holding
Funds holding: 171 → 192 (+21)
11% more capital invested
Capital invested by funds: $2.72B → $3.01B (+$290M)
2.3% less ownership
Funds ownership: 87.19% → 84.89% (-2.3%)
23% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 66
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$26.5M |
| 2 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$25.2M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$19.8M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$11.6M |
| 5 |
Millennium Management
New York
|
+$10.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Eminence Capital
New York
|
-$44.1M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$38.1M |
| 3 |
Morgan Stanley
New York
|
-$24.7M |
| 4 |
Diamond Hill Capital Management
Columbus,
Ohio
|
-$13.6M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$11.8M |
RRR Hedge Fund Activity: Q1 2024 in Review
192 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Red Rock Resorts (RRR) for Q1 2024, worth a combined $3.01B — up 11% from $2.72B a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new RRR positions and 21 closed out — a net gain of 22 holders — while 51 added to existing stakes and 66 trimmed.
The largest buyer was Arrowstreet Capital, opening a new position worth an estimated $26.5M. The largest seller was Eminence Capital, cutting an estimated $44.1M.
- 192 institutional investors held Red Rock Resorts (RRR) as of Q1 2024, up from 171 in Q4 2023.
- Funds reported $3.01B of Red Rock Resorts stock for Q1 2024, up 11% quarter-over-quarter.
- 43 funds opened new Red Rock Resorts positions in Q1 2024 and 21 closed out, a net change of +22 holders.
- The largest Red Rock Resorts buyer in Q1 2024 was Arrowstreet Capital, an estimated $26.5M added.
- The largest Red Rock Resorts seller in Q1 2024 was Eminence Capital, an estimated $44.1M sold.
Based on aggregated 13F filings for Q1 2024.