What Do The World’s Greatest Investors Think of These Hot Casino Stocks?

Hedge funds are less optimistic on Las Vegas Sands Corp. (NYSE:LVS), though, as nine funds held stakes with an aggregate value of $265.44 million, equal to just 0.60% of the company at the end of June, down from 24 funds and $390.17 million on March 31. Matthew Hulsizer‘s PEAK6 Capital Management upped its ‘Put’ position by 178% and reported holding options underlying 1.51 million shares equivalent and increased its ‘Call’ position by 157% to 1.29 million shares equivalent in the second quarter.

The smart money kept its position in MGM Resorts International (NYSE:MGM) stable in the second quarter. According to our data, 58 funds owned $1.74 billion of the company’s shares (representing 16.90% of the float) at the end of the second quarter, versus 58 funds and $1.76 billion at the end of the first quarter. Daniel Och‘s OZ Management raised its holding by 51% to 11.22 million shares, while Bain Capital’s Brookside Capital was not too far behind, raising its stake by 52% to 11.21 million shares during the same time frame.

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