Red Rock Resorts
170 hedge funds and large institutions have $1.65B invested in Red Rock Resorts in 2020 Q4 according to their latest regulatory filings, with 40 funds opening new positions, 51 increasing their positions, 52 reducing their positions, and 28 closing their positions.
297% more call options, than puts
Call options by funds: $40.9M | Put options by funds: $10.3M
55% more capital invested
Capital invested by funds: $1.06B → $1.65B (+$589M)
43% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 28
7% more funds holding
Funds holding: 159 → 170 (+11)
5.42% more ownership
Funds ownership: 87.34% → 92.76% (+5.4%)
2% less repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 52
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
+$53.9M |
| 2 |
Morgan Stanley
New York
|
+$21.7M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$21.1M |
| 4 |
EC
Eminence Capital
New York
|
+$12.9M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$10.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$22M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
-$18M |
| 3 |
Goldman Sachs
New York
|
-$13.7M |
| 4 |
Diamond Hill Capital Management
Columbus,
Ohio
|
-$11.3M |
| 5 |
SAM
Serengeti Asset Management
New York
|
-$11.1M |
RRR Hedge Fund Activity: Q4 2020 in Review
170 of the 5,676 institutional investors tracked by Wall St. Rank reported a position in Red Rock Resorts (RRR) for Q4 2020, worth a combined $1.65B — up 55% from $1.06B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new RRR positions and 28 closed out — a net gain of 12 holders — while 51 added to existing stakes and 52 trimmed.
The largest buyer was Capital World Investors, opening a new position worth an estimated $53.9M. The largest seller was PAR Capital Management, cutting an estimated $22M.
- 170 institutional investors held Red Rock Resorts (RRR) as of Q4 2020, up from 159 in Q3 2020.
- Funds reported $1.65B of Red Rock Resorts stock for Q4 2020, up 55% quarter-over-quarter.
- 40 funds opened new Red Rock Resorts positions in Q4 2020 and 28 closed out, a net change of +12 holders.
- The largest Red Rock Resorts buyer in Q4 2020 was Capital World Investors, an estimated $53.9M added.
- The largest Red Rock Resorts seller in Q4 2020 was PAR Capital Management, an estimated $22M sold.
Based on aggregated 13F filings for Q4 2020.