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Canyon Capital Advisors, a Los Angeles-based alternative investment manager, owned 77.58 million shares of Caesars at the end of the first quarter, representing 16.25 percent of that firm’s equity portfolios. That hedge fund also owns positions in VICI Properties, the real estate investment trust (REIT) spun off from Caesars in 2017, and MGM Resorts International.<\/p>\n<\/div>\n
Other well-known hedge funds with positions in Caesars include David Tepper’s Appaloosa Management LP and Howard Marks’ Oaktree Capital Management.<\/p>\n
Committed To Caesars<\/b><\/h2>\n
Investors considering taking a run at Caesars themselves may find the following informative: in the first quarter, just two of the 10 largest hedge fund owners of the stock, including Soros Fund Management, reduced exposure to the shares.<\/p>\n
Five increased their stakes in the casino giant, while the stock was a new position for two hedge funds. Tepper’s Appaloosa Management did not add to or part with any of its Caesars investment in the first three months of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"
With Caesars Entertainment being discussed as an acquisition target, hedge funds remain fans of the stock. A report from Jefferies, an investment bank and brokerage firm, highlights new holdings established by high and low turnover hedge funds in the first quarter. High turnover hedge funds are those that are likely to move in and out […]<\/p>\n","protected":false},"author":46,"featured_media":106111,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810],"tags":[],"acf":[],"yoast_head":"\n
As Potential Suitors Circle, Caesars Stock Remains Hedge Fund Favorite<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n