Red Rock Resorts
RRR
139 hedge funds and large institutions have $2.41B invested in Red Rock Resorts in 2018 Q2 according to their latest regulatory filings, with 24 funds opening new positions, 52 increasing their positions, 49 reducing their positions, and 19 closing their positions.
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
26% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 19
16% more capital invested
Capital invested by funds: $2.08B → $2.41B (+$332M)
4% more funds holding
Funds holding: 134 → 139 (+5)
1.14% more ownership
Funds ownership: 102.52% → 103.66% (+1.1%)
6% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 49
28% less call options, than puts
Call options by funds: $7.66M | Put options by funds: $10.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$32.2M |
| 2 |
MWA
Marshall Wace Asia
Central,
Hong Kong
|
+$25.6M |
| 3 |
Millennium Management
New York
|
+$25.2M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$20.2M |
| 5 |
BlackRock
New York
|
+$10.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$37.1M |
| 2 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$23.4M |
| 3 |
AC
Ascend Capital
Orinda,
California
|
-$20.2M |
| 4 |
EIP
Epoch Investment Partners
New York
|
-$18M |
| 5 |
Cohen & Steers
New York
|
-$17.8M |
RRR Hedge Fund Activity: Q2 2018 in Review
139 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Red Rock Resorts (RRR) for Q2 2018, worth a combined $2.41B — up 16% from $2.08B a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new RRR positions and 19 closed out — a net gain of 5 holders — while 52 added to existing stakes and 49 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $32.2M. The largest seller was T. Rowe Price Associates, cutting an estimated $37.1M.
- 139 institutional investors held Red Rock Resorts (RRR) as of Q2 2018, up from 134 in Q1 2018.
- Funds reported $2.41B of Red Rock Resorts stock for Q2 2018, up 16% quarter-over-quarter.
- 24 funds opened new Red Rock Resorts positions in Q2 2018 and 19 closed out, a net change of +5 holders.
- The largest Red Rock Resorts buyer in Q2 2018 was JP Morgan Chase, an estimated $32.2M added.
- The largest Red Rock Resorts seller in Q2 2018 was T. Rowe Price Associates, an estimated $37.1M sold.
Based on aggregated 13F filings for Q2 2018.