Stone House Capital Management’s Returns, AUM, and Holdings

Out of the two stocks in the fund’s 13F portfolio, the most valuable one, accounting for 86.21% of its value, is Scientific Games Corp (SGMS), a company that offers gambling products and various lottery and gambling-related services. It was the first company to present a secure instant lottery ticket back in 1974. The company operates in four segments– Gaming, Lottery, Digital and Social, providing its customers with a plethora of content and services. Scientific Games Corp (SGMS) has a few mention-worthy subsidiaries such as WMS Industries and Bally Technologies, while also managing UK sports-betting platform OpenBet. The company’s headquarters are in Las Vegas.

Mark Cohen’s Stone House Capital actually lowered its stake in Scientific Games by 3% during the second quarter, to 1.8 million shares valued at $88.47 million at the end of June. During the second quarter, the smart money investors from Insider Monkey’s database became more bullish on the stock, as 30 of them reported holding long positions in it as of the end of June, versus 23 at the end of March. Among the biggest investors were Debra Fine’s Fine Capital Partners, which had 3.64 million shares worth around $179.08 million, and Adam Wolfberg and Steven Landry’s EastBay Asset Management, which held a position valued at $162.02 million, counting 3.3 million outstanding shares.

The other stock in Stone House Capital’s portfolio was Par Technology Corp (PAR), in which the fund decided to boost its stake by 7% to 800,000 shares worth around $14.14 million. Par Technology Corp is a company that offers various products for the hospitality industry. It runs two divisions: Restaurant/Retail and Government. The company was founded back in 1968 by John W. Sammon and is headquartered in New Hartford. At the end of June, Stone House Capital held the largest stake in the company among investors in our database, while the second-largest position was obtained by Jim Simons’ Renaissance Technologies, and consisted of 124,600 shares worth around $2.20 million.

Disclosure: None. This article was originally published on Insider Monkey.