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Red Rock Resorts

133 hedge funds and large institutions have $1.46B invested in Red Rock Resorts in 2018 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 44 increasing their positions, 52 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

445% more call options, than puts

Call options by funds: $43M | Put options by funds: $7.89M

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

2.13% less ownership

Funds ownership: 108.61%106.49% (-2.1%)

13% less funds holding

Funds holding: 152133 (-19)

15% less repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 52

28% less capital invested

Capital invested by funds: $2.02B → $1.46B (-$559M)

43% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 37

Holders
133
Holders Change
-19
Holders Change %
-12.5%
% of All Funds
2.96%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.04%
New
21
Increased
44
Reduced
52
Closed
37
Calls
$43M
Puts
$7.89M
Net Calls
+$35.1M
Net Calls Change
+$57.8M
Name Holding Trade Value Shares
Change
Change in
Stake
BAMCO Inc
1
BAMCO Inc
New York
$181M +$15.8M +670,076 +8%
Diamond Hill Capital Management
2
Diamond Hill Capital Management
Ohio
$133M +$14.8M +629,672 +11%
Vanguard Group
3
Vanguard Group
Pennsylvania
$127M -$4.65M -197,705 -3%
Cohen & Steers
4
Cohen & Steers
New York
$120M +$3.9M +165,784 +3%
BlackRock
5
BlackRock
New York
$94.8M -$2.21M -93,753 -2%
JP Morgan Chase
6
JP Morgan Chase
New York
$68.1M -$6.75M -287,058 -8%
Fidelity Investments
7
Fidelity Investments
Massachusetts
$53.1M +$13.5M +573,066 +28%
LCM
8
Lomas Capital Management
New York
$48.5M +$13.8M +584,661 +32%
American Century Companies
9
American Century Companies
Missouri
$40.8M +$5.41M +230,093 +13%
PCM
10
PAR Capital Management
Massachusetts
$33.9M +$901K +38,300 +2%
MWA
11
Marshall Wace Asia
Hong Kong
$30.6M +$5.58M +237,326 +19%
State Street
12
State Street
Massachusetts
$27.6M -$71.3K -3,031 -0.2%
Thrivent Financial for Lutherans
13
Thrivent Financial for Lutherans
Minnesota
$27.1M +$31.4M +1,333,908 New
TCIM
14
TIAA CREF Investment Management
New York
$22.8M -$1.06M -44,968 -4%
Royal Bank of Canada
15
Royal Bank of Canada
Ontario, Canada
$21.6M +$6.1M +259,150 +32%
Victory Capital Management
16
Victory Capital Management
Texas
$20.5M -$2.85M -121,310 -11%
SAM
17
Serengeti Asset Management
New York
$20.3M
Northern Trust
18
Northern Trust
Illinois
$18.1M -$178K -7,552 -0.8%
Point72 Asset Management
19
Point72 Asset Management
Connecticut
$17M -$23M -978,973 -54%
Millennium Management
20
Millennium Management
New York
$15.5M +$8.45M +359,237 +89%
Geode Capital Management
21
Geode Capital Management
Massachusetts
$15.4M +$1.25M +53,258 +8%
TA
22
Teachers Advisors
New York
$15.4M -$24.1M -1,024,287 -57%
T. Rowe Price Associates
23
T. Rowe Price Associates
Maryland
$14.7M +$321K +13,663 +2%
WRF
24
Waddell & Reed Financial
Kansas
$14.1M -$8.06M -342,796 -33%
Norges Bank
25
Norges Bank
Norway
$14.1M

RRR Hedge Fund Activity: Q4 2018 in Review

133 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Red Rock Resorts (RRR) for Q4 2018, worth a combined $1.46B — down 28% from $2.02B a quarter earlier.

Sellers outnumbered buyers: 37 funds closed out of RRR and 21 opened new positions — a net loss of 16 holders — while 52 trimmed existing stakes and 44 added.

The largest buyer was Schroder Investment Management Group, adding an estimated $44.3M. The largest seller was Goldman Sachs, cutting an estimated $28.3M.

  • 133 institutional investors held Red Rock Resorts (RRR) as of Q4 2018, down from 152 in Q3 2018.
  • Funds reported $1.46B of Red Rock Resorts stock for Q4 2018, down 28% quarter-over-quarter.
  • 21 funds opened new Red Rock Resorts positions in Q4 2018 and 37 closed out, a net change of -16 holders.
  • The largest Red Rock Resorts buyer in Q4 2018 was Schroder Investment Management Group, an estimated $44.3M added.
  • The largest Red Rock Resorts seller in Q4 2018 was Goldman Sachs, an estimated $28.3M sold.

Based on aggregated 13F filings for Q4 2018.