Red Rock Resorts
134 hedge funds and large institutions have $1.88B invested in Red Rock Resorts in 2019 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 52 increasing their positions, 45 reducing their positions, and 22 closing their positions.
232% more call options, than puts
Call options by funds: $22.3M | Put options by funds: $6.72M
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
29% more capital invested
Capital invested by funds: $1.46B → $1.88B (+$421M)
18% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 22
16% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 45
1% more funds holding
Funds holding: 133 → 134 (+1)
2.11% less ownership
Funds ownership: 106.49% → 104.38% (-2.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DKCM
Davidson Kempner Capital Management
New York
|
+$33.1M |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$12.5M |
| 3 |
JP Morgan Chase
New York
|
+$11.4M |
| 4 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$6.55M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
+$6.12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$58.4M |
| 2 |
TCIM
TIAA CREF Investment Management
New York
|
-$15.6M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
-$9.84M |
| 4 |
Morgan Stanley
New York
|
-$9.64M |
| 5 |
Nordea Investment Management
Stockholm,
Sweden
|
-$8.99M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Parallax Volatility Advisers
San Francisco,
California
| – | -$26.6K | -1,030 | Closed |
|
|
ER
152
Enlightenment Research
Miami,
Florida
| – | -$10K | -500 | Closed |
|
|
GWM
153
Geneos Wealth Management
Englewood,
Colorado
| – | -$9K | -450 | Closed |
|
|
LFA
154
Legacy Financial Advisors
Covington,
Kentucky
| – | -$8K | -405 | Closed |
|
|
MNBTD
155
Moody National Bank Trust Division
Galveston,
Texas
| – | -$4K | -203 | Closed |
|
RRR Hedge Fund Activity: Q1 2019 in Review
134 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Red Rock Resorts (RRR) for Q1 2019, worth a combined $1.88B — up 29% from $1.46B a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new RRR positions and 22 closed out — a net gain of 4 holders — while 52 added to existing stakes and 45 trimmed.
The largest buyer was Davidson Kempner Capital Management, opening a new position worth an estimated $33.1M. The largest seller was Cohen & Steers, cutting an estimated $58.4M.
- 134 institutional investors held Red Rock Resorts (RRR) as of Q1 2019, up from 133 in Q4 2018.
- Funds reported $1.88B of Red Rock Resorts stock for Q1 2019, up 29% quarter-over-quarter.
- 26 funds opened new Red Rock Resorts positions in Q1 2019 and 22 closed out, a net change of +4 holders.
- The largest Red Rock Resorts buyer in Q1 2019 was Davidson Kempner Capital Management, an estimated $33.1M added.
- The largest Red Rock Resorts seller in Q1 2019 was Cohen & Steers, an estimated $58.4M sold.
Based on aggregated 13F filings for Q1 2019.