Red Rock Resorts
120 hedge funds and large institutions have $1.49B invested in Red Rock Resorts in 2017 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 45 increasing their positions, 39 reducing their positions, and 14 closing their positions.
64% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 14
15% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 39
2% more funds holding
Funds holding: 118 → 120 (+2)
4% less capital invested
Capital invested by funds: $1.55B → $1.49B (-$58.6M)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
58.95% less ownership
Funds ownership: 160.64% → 101.69% (-59%)
72% less call options, than puts
Call options by funds: $614K | Put options by funds: $2.22M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$42.1M |
| 2 |
JP Morgan Chase
New York
|
+$34.1M |
| 3 |
AC
Ascend Capital
Orinda,
California
|
+$29.7M |
| 4 |
Diamond Hill Capital Management
Columbus,
Ohio
|
+$23.3M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$20.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TPCM
Tide Point Capital Management
Old Greenwich,
Connecticut
|
-$37.9M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
-$22.4M |
| 3 |
TA
Teachers Advisors
New York
|
-$13.7M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
-$13.4M |
| 5 |
RAM
RWC Asset Management
London,
United Kingdom
|
-$12.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GIM
126
Granahan Investment Management
Waltham,
Massachusetts
| – | -$689K | -29,700 | Closed |
|
|
AA
127
ALPS Advisors
Denver,
Colorado
| – | -$466K | -20,087 | Closed |
|
|
MC
128
Menta Capital
San Francisco,
California
| – | -$452K | -19,487 | Closed |
|
|
USAA
129
United Services Automobile Association
San Antonio,
Texas
| – | -$301K | -13,000 | Closed |
|
130
Marshall Wace
London,
United Kingdom
| – | -$276K | -11,895 | Closed |
|
|
GC
131
Guggenheim Capital
Chicago,
Illinois
| – | -$275K | -11,849 | Closed |
|
|
SO
132
STRS Ohio
Columbus,
Ohio
| – | -$219K | -9,600 | Closed |
|
|
QT
133
Quantbot Technologies
New York
| – | -$8K | -365 | Closed |
|
RRR Hedge Fund Activity: Q1 2017 in Review
120 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Red Rock Resorts (RRR) for Q1 2017, worth a combined $1.49B — down 3.8% from $1.55B a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new RRR positions and 14 closed out — a net gain of 9 holders — while 45 added to existing stakes and 39 trimmed.
The largest buyer was BlackRock, adding an estimated $42.1M. The largest seller was Tide Point Capital Management, exiting entirely with an estimated $37.9M sold.
- 120 institutional investors held Red Rock Resorts (RRR) as of Q1 2017, up from 118 in Q4 2016.
- Funds reported $1.49B of Red Rock Resorts stock for Q1 2017, down 3.8% quarter-over-quarter.
- 23 funds opened new Red Rock Resorts positions in Q1 2017 and 14 closed out, a net change of +9 holders.
- The largest Red Rock Resorts buyer in Q1 2017 was BlackRock, an estimated $42.1M added.
- The largest Red Rock Resorts seller in Q1 2017 was Tide Point Capital Management, an estimated $37.9M sold.
Based on aggregated 13F filings for Q1 2017.