Red Rock Resorts
143 hedge funds and large institutions have $575M invested in Red Rock Resorts in 2020 Q1 according to their latest regulatory filings, with 49 funds opening new positions, 41 increasing their positions, 43 reducing their positions, and 27 closing their positions.
102% more call options, than puts
Call options by funds: $5.52M | Put options by funds: $2.74M
81% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 27
16% more funds holding
Funds holding: 123 → 143 (+20)
5% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 43
8.18% less ownership
Funds ownership: 103.33% → 95.15% (-8.2%)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
67% less capital invested
Capital invested by funds: $1.74B → $575M (-$1.16B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Eminence Capital
New York
|
+$46.6M |
| 2 |
BAMCO Inc
New York
|
+$24.8M |
| 3 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$16.1M |
| 4 |
LPC
Long Pond Capital
New York
|
+$14.5M |
| 5 |
Millennium Management
New York
|
+$14.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$47.3M |
| 2 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$33.5M |
| 3 |
MWA
Marshall Wace Asia
Central,
Hong Kong
|
-$32.5M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
-$25.4M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$20.2M |
RRR Hedge Fund Activity: Q1 2020 in Review
143 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Red Rock Resorts (RRR) for Q1 2020, worth a combined $575M — down 67% from $1.74B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new RRR positions and 27 closed out — a net gain of 22 holders — while 41 added to existing stakes and 43 trimmed.
The largest buyer was Eminence Capital, opening a new position worth an estimated $46.6M. The largest seller was JP Morgan Chase, cutting an estimated $47.3M.
- 143 institutional investors held Red Rock Resorts (RRR) as of Q1 2020, up from 123 in Q4 2019.
- Funds reported $575M of Red Rock Resorts stock for Q1 2020, down 67% quarter-over-quarter.
- 49 funds opened new Red Rock Resorts positions in Q1 2020 and 27 closed out, a net change of +22 holders.
- The largest Red Rock Resorts buyer in Q1 2020 was Eminence Capital, an estimated $46.6M added.
- The largest Red Rock Resorts seller in Q1 2020 was JP Morgan Chase, an estimated $47.3M sold.
Based on aggregated 13F filings for Q1 2020.