Red Rock Resorts
181 hedge funds and large institutions have $2.17B invested in Red Rock Resorts in 2023 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 55 increasing their positions, 68 reducing their positions, and 20 closing their positions.
255% more call options, than puts
Call options by funds: $22.5M | Put options by funds: $6.33M
60% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 20
6% more funds holding
Funds holding: 171 → 181 (+10)
0% less capital invested
Capital invested by funds: $2.17B → $2.17B (-$95.8K)
10.88% less ownership
Funds ownership: 94.4% → 83.51% (-11%)
19% less repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 68
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$19.5M |
| 2 |
EC
Eminence Capital
New York
|
+$17.4M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$16.8M |
| 4 |
BAMCO Inc
New York
|
+$13.5M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
+$10.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$14.5M |
| 2 |
Goldman Sachs
New York
|
-$13.4M |
| 3 |
Westfield Capital Management
Boston,
Massachusetts
|
-$8.53M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$7.85M |
| 5 |
Diamond Hill Capital Management
Columbus,
Ohio
|
-$6.78M |
RRR Hedge Fund Activity: Q1 2023 in Review
181 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Red Rock Resorts (RRR) for Q1 2023, worth a combined $2.17B — down 0% from $2.17B a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new RRR positions and 20 closed out — a net gain of 12 holders — while 55 added to existing stakes and 68 trimmed.
The largest buyer was T. Rowe Price Investment Management, adding an estimated $19.5M. The largest seller was Arrowstreet Capital, cutting an estimated $14.5M.
- 181 institutional investors held Red Rock Resorts (RRR) as of Q1 2023, up from 171 in Q4 2022.
- Funds reported $2.17B of Red Rock Resorts stock for Q1 2023, down 0% quarter-over-quarter.
- 32 funds opened new Red Rock Resorts positions in Q1 2023 and 20 closed out, a net change of +12 holders.
- The largest Red Rock Resorts buyer in Q1 2023 was T. Rowe Price Investment Management, an estimated $19.5M added.
- The largest Red Rock Resorts seller in Q1 2023 was Arrowstreet Capital, an estimated $14.5M sold.
Based on aggregated 13F filings for Q1 2023.