Red Rock Resorts
RRR
171 hedge funds and large institutions have $2.72B invested in Red Rock Resorts in 2023 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 54 increasing their positions, 61 reducing their positions, and 20 closing their positions.
94% more call options, than puts
Call options by funds: $22.3M | Put options by funds: $11.5M
65% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 20
23% more capital invested
Capital invested by funds: $2.21B → $2.72B (+$504M)
8% more funds holding
Funds holding: 158 → 171 (+13)
5.16% less ownership
Funds ownership: 92.35% → 87.19% (-5.2%)
11% less repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 61
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VNIM
Vaughan Nelson Investment Management
Houston,
Texas
|
+$33.6M |
| 2 |
BAMCO Inc
New York
|
+$22.3M |
| 3 |
Capital World Investors
Los Angeles,
California
|
+$20.7M |
| 4 |
EC
Eminence Capital
New York
|
+$18.4M |
| 5 |
Morgan Stanley
New York
|
+$14.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFA
Sequoia Financial Advisors
Akron,
Ohio
|
-$164M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$41.2M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$17M |
| 4 |
ECM
ExodusPoint Capital Management
New York
|
-$12.4M |
| 5 |
Diamond Hill Capital Management
Columbus,
Ohio
|
-$6.93M |
RRR Hedge Fund Activity: Q4 2023 in Review
171 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Red Rock Resorts (RRR) for Q4 2023, worth a combined $2.72B — up 23% from $2.21B a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new RRR positions and 20 closed out — a net gain of 13 holders — while 54 added to existing stakes and 61 trimmed.
The largest buyer was Vaughan Nelson Investment Management, opening a new position worth an estimated $33.6M. The largest seller was Sequoia Financial Advisors, cutting an estimated $164M.
- 171 institutional investors held Red Rock Resorts (RRR) as of Q4 2023, up from 158 in Q3 2023.
- Funds reported $2.72B of Red Rock Resorts stock for Q4 2023, up 23% quarter-over-quarter.
- 33 funds opened new Red Rock Resorts positions in Q4 2023 and 20 closed out, a net change of +13 holders.
- The largest Red Rock Resorts buyer in Q4 2023 was Vaughan Nelson Investment Management, an estimated $33.6M added.
- The largest Red Rock Resorts seller in Q4 2023 was Sequoia Financial Advisors, an estimated $164M sold.
Based on aggregated 13F filings for Q4 2023.