Red Rock Resorts
134 hedge funds and large institutions have $2.08B invested in Red Rock Resorts in 2018 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 38 increasing their positions, 50 reducing their positions, and 13 closing their positions.
154% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 13
18% more funds holding
Funds holding: 114 → 134 (+20)
12% more call options, than puts
Call options by funds: $14.3M | Put options by funds: $12.7M
4.36% less ownership
Funds ownership: 106.88% → 102.52% (-4.4%)
16% less capital invested
Capital invested by funds: $2.48B → $2.08B (-$400M)
24% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 50
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
+$30.3M |
| 2 |
SAM
Scopus Asset Management
New York
|
+$25.5M |
| 3 |
AC
Ascend Capital
Orinda,
California
|
+$25.2M |
| 4 |
LCM
Lomas Capital Management
New York
|
+$14.4M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$13.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$87.7M |
| 2 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$51.6M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$22.8M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
-$14.6M |
| 5 |
JP Morgan Chase
New York
|
-$14.1M |
RRR Hedge Fund Activity: Q1 2018 in Review
134 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in Red Rock Resorts (RRR) for Q1 2018, worth a combined $2.08B — down 16% from $2.48B a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new RRR positions and 13 closed out — a net gain of 20 holders — while 38 added to existing stakes and 50 trimmed.
The largest buyer was Point72 Asset Management, adding an estimated $30.3M. The largest seller was Fidelity Investments, cutting an estimated $87.7M.
- 134 institutional investors held Red Rock Resorts (RRR) as of Q1 2018, up from 114 in Q4 2017.
- Funds reported $2.08B of Red Rock Resorts stock for Q1 2018, down 16% quarter-over-quarter.
- 33 funds opened new Red Rock Resorts positions in Q1 2018 and 13 closed out, a net change of +20 holders.
- The largest Red Rock Resorts buyer in Q1 2018 was Point72 Asset Management, an estimated $30.3M added.
- The largest Red Rock Resorts seller in Q1 2018 was Fidelity Investments, an estimated $87.7M sold.
Based on aggregated 13F filings for Q1 2018.