Red Rock Resorts
158 hedge funds and large institutions have $661M invested in Red Rock Resorts in 2020 Q2 according to their latest regulatory filings, with 43 funds opening new positions, 59 increasing their positions, 46 reducing their positions, and 28 closing their positions.
54% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 28
28% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 46
15% more capital invested
Capital invested by funds: $575M → $661M (+$85.3M)
10% more funds holding
Funds holding: 143 → 158 (+15)
10.01% less ownership
Funds ownership: 95.16% → 85.15% (-10%)
27% less call options, than puts
Call options by funds: $8.34M | Put options by funds: $11.4M
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Eminence Capital
New York
|
+$32M |
| 2 |
SC
Samlyn Capital
New York
|
+$12.4M |
| 3 |
D.E. Shaw & Co
New York
|
+$12M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$9.72M |
| 5 |
Goldman Sachs
New York
|
+$9.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$62.2M |
| 2 |
BAMCO Inc
New York
|
-$46.1M |
| 3 |
LPC
Long Pond Capital
New York
|
-$27.5M |
| 4 |
JP Morgan Chase
New York
|
-$24.1M |
| 5 |
ZCA
Zeke Capital Advisors
Berwyn,
Pennsylvania
|
-$15.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RJFSA
176
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$88K | -10,250 | Closed |
|
|
FC
177
FORA Capital
Miami,
Florida
| – | -$76K | -8,937 | Closed |
|
|
WAM
178
Wolverine Asset Management
Chicago,
Illinois
| – | -$72K | -8,512 | Closed |
|
179
Marshall Wace
London,
United Kingdom
| – | -$70K | -8,134 | Closed |
|
|
SF
180
Synovus Financial
Columbus,
Georgia
| – | -$28K | -3,305 | Closed |
|
|
JCM
181
Jacobi Capital Management
Pittston,
Pennsylvania
| – | -$17K | -2,000 | Closed |
|
182
US Bancorp
Minneapolis,
Minnesota
| – | -$12K | -1,399 | Closed |
|
|
PCG
183
Private Capital Group
West Hartford,
Connecticut
| – | -$2.79K | -247 | -85% |
|
|
GSWM
184
Golden State Wealth Management
Santa Ana,
California
| – | -$1K | -142 | Closed |
|
|
CM
185
Caption Management
Oklahoma City,
Oklahoma
| – | +$316 | +28 | New |
|
RRR Hedge Fund Activity: Q2 2020 in Review
158 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Red Rock Resorts (RRR) for Q2 2020, worth a combined $661M — up 15% from $575M a quarter earlier.
Buyers outnumbered sellers: 43 funds opened new RRR positions and 28 closed out — a net gain of 15 holders — while 59 added to existing stakes and 46 trimmed.
The largest buyer was Eminence Capital, adding an estimated $32M. The largest seller was Cohen & Steers, cutting an estimated $62.2M.
- 158 institutional investors held Red Rock Resorts (RRR) as of Q2 2020, up from 143 in Q1 2020.
- Funds reported $661M of Red Rock Resorts stock for Q2 2020, up 15% quarter-over-quarter.
- 43 funds opened new Red Rock Resorts positions in Q2 2020 and 28 closed out, a net change of +15 holders.
- The largest Red Rock Resorts buyer in Q2 2020 was Eminence Capital, an estimated $32M added.
- The largest Red Rock Resorts seller in Q2 2020 was Cohen & Steers, an estimated $62.2M sold.
Based on aggregated 13F filings for Q2 2020.