Red Rock Resorts
152 hedge funds and large institutions have $2.02B invested in Red Rock Resorts in 2018 Q3 according to their latest regulatory filings, with 35 funds opening new positions, 74 increasing their positions, 28 reducing their positions, and 21 closing their positions.
164% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 28
67% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 21
9% more funds holding
Funds holding: 139 → 152 (+13)
4.95% more ownership
Funds ownership: 103.66% → 108.61% (+5%)
16% less capital invested
Capital invested by funds: $2.41B → $2.02B (-$391M)
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
82% less call options, than puts
Call options by funds: $5.12M | Put options by funds: $27.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
+$50.8M |
| 2 |
Cohen & Steers
New York
|
+$41.7M |
| 3 |
Diamond Hill Capital Management
Columbus,
Ohio
|
+$37.3M |
| 4 |
AC
Ascend Capital
Orinda,
California
|
+$33M |
| 5 |
JP Morgan Chase
New York
|
+$23.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
-$135M |
| 2 |
Millennium Management
New York
|
-$44.1M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$21.8M |
| 4 |
D.E. Shaw & Co
New York
|
-$18.9M |
| 5 |
SAM
Scopus Asset Management
New York
|
-$16.8M |
RRR Hedge Fund Activity: Q3 2018 in Review
152 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Red Rock Resorts (RRR) for Q3 2018, worth a combined $2.02B — down 16% from $2.41B a quarter earlier.
Buyers outnumbered sellers: 35 funds opened new RRR positions and 21 closed out — a net gain of 14 holders — while 74 added to existing stakes and 28 trimmed.
The largest buyer was American Century Companies, adding an estimated $50.8M. The largest seller was Point72 Asset Management, cutting an estimated $135M.
- 152 institutional investors held Red Rock Resorts (RRR) as of Q3 2018, up from 139 in Q2 2018.
- Funds reported $2.02B of Red Rock Resorts stock for Q3 2018, down 16% quarter-over-quarter.
- 35 funds opened new Red Rock Resorts positions in Q3 2018 and 21 closed out, a net change of +14 holders.
- The largest Red Rock Resorts buyer in Q3 2018 was American Century Companies, an estimated $50.8M added.
- The largest Red Rock Resorts seller in Q3 2018 was Point72 Asset Management, an estimated $135M sold.
Based on aggregated 13F filings for Q3 2018.