Saiers Capital, the famous multi-strategy derivatives firm, has released its quarterly 13F report. In this article, we will present the top three picks by the hedge fund management firm. Saiers Capital’s best position is on Las Vegas Sands Corp. (NYSE:LVS), Wynn Resorts, Limited (NASDAQ:WYNN) and MGM Resorts International (NYSE:MGM).
The biggest position in Saiers Capital’s 13F portfolio at the end of the third quarter was Las Vegas Sands Corp. (NYSE:LVS). The fund had more than 350 thousand shares of the casino operator worth $21 million. This is a significant increase compared to the end of the second quarter when the fund had only $4 million invested in the stock. D. E. Shaw, Columbus Circle Investors and Claren Road Asset Management are other hedge funds with large positions in Las Vegas Sands Corp. (NYSE:LVS) at the end of the second quarter. Las Vegas Sands Corp. (NYSE:LVS) hasn’t seen any insider purchases since 2009. Earlier this month Ira Rapaelson, EVP and Global General Counsel, sold nearly 9000 shares at an average price of $62.35.
The second biggest position in Saiers Capital’s 13F portfolio by the end of third quarter is MGM Resorts International (NYSE:MGM). Saiers Capital owns more than 881,000 shares of MGM Resorts International (NYSE:MGM) worth more than $20 million. Last quarter, the fund had 242,467 shares of the hospitality and entertainment company, worth more than $6 million. This means that Saiers Capital is bullish towards the company and investing heavily in it. D.E. Shaw’s D.E. Shaw & Co., L.P, David Tepper’s Appaloosa Management and Jim Simons’ Medallion Fund are some of the other notorious shareholders of MGM Resorts International (NYSE:MGM). The company recorded its last purchase back in 2012. In August this year, Phyllis James sold around 1,598 shares of MGM Resorts International (NYSE:MGM) at $25 per share.
Wynn Resorts, Limited (NASDAQ:WYNN) is the third biggest position held by Saiers Capital’s 13F portfolio by the end of the third quarter. The fund owns 77,138 shares of the Wynn Resorts, Limited (NASDAQ:WYNN) worth $14 million whereas last quarter, Saiers Capital had no share of Wynn Resorts. Among other famous shareholders of Wynn Resorts, Limited (NASDAQ:WYNN) are D.E. Shaw’s D.E. Shaw & Co., L.P and George Soros’s Soros Funds Management. Wynn Resorts recorded its last insider purchase in 2009. Last month, John Strzemp sold 10,000 shares of Wynn Resorts, Limited (NASDAQ:WYNN) at $185.67 price per share.
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