HedgeCo Insights

Hedge Fund Takes Big Stake in Wynn Resorts

September 5, 2018 : Permanent Link

(Barron’s) Melvin Capital Management has taken a 5.13% stake in Wynn Resorts (WYNN), the hedge fund disclosed in a Friday filing with the Securities and Exchange Commission. Melvin Capital, helmed by SAC Capital alum Gabriel Plotkin, now owns 1.9 million shares of the casino and lodging firm and call option

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