Red Rock Resorts
RRR
114 hedge funds and large institutions have $2.48B invested in Red Rock Resorts in 2017 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 39 increasing their positions, 39 reducing their positions, and 16 closing their positions.
75% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 16
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
42% more capital invested
Capital invested by funds: $1.74B → $2.48B (+$737M)
12% more funds holding
Funds holding: 102 → 114 (+12)
0% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 39
3.47% less ownership
Funds ownership: 110.35% → 106.88% (-3.5%)
65% less call options, than puts
Call options by funds: $5.43M | Put options by funds: $15.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
+$36.3M |
| 2 |
TA
Teachers Advisors
New York
|
+$30.1M |
| 3 |
Millennium Management
New York
|
+$29.2M |
| 4 |
BAMCO Inc
New York
|
+$27.3M |
| 5 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$19.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TBC
Three Bays Capital
Boston,
Massachusetts
|
-$84.8M |
| 2 |
Cohen & Steers
New York
|
-$65.3M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$28.2M |
| 4 |
Alyeska Investment Group
Chicago,
Illinois
|
-$21.7M |
| 5 |
Nordea Investment Management
Stockholm,
Sweden
|
-$15.5M |
RRR Hedge Fund Activity: Q4 2017 in Review
114 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Red Rock Resorts (RRR) for Q4 2017, worth a combined $2.48B — up 42% from $1.74B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new RRR positions and 16 closed out — a net gain of 12 holders — while 39 added to existing stakes and 39 trimmed.
The largest buyer was Point72 Asset Management, adding an estimated $36.3M. The largest seller was Three Bays Capital, exiting entirely with an estimated $84.8M sold.
- 114 institutional investors held Red Rock Resorts (RRR) as of Q4 2017, up from 102 in Q3 2017.
- Funds reported $2.48B of Red Rock Resorts stock for Q4 2017, up 42% quarter-over-quarter.
- 28 funds opened new Red Rock Resorts positions in Q4 2017 and 16 closed out, a net change of +12 holders.
- The largest Red Rock Resorts buyer in Q4 2017 was Point72 Asset Management, an estimated $36.3M added.
- The largest Red Rock Resorts seller in Q4 2017 was Three Bays Capital, an estimated $84.8M sold.
Based on aggregated 13F filings for Q4 2017.