Matthew Sidman's hedge fund firm Three Bays Capital has filed a 13G with the SEC regarding its position in Red Rock Resorts (RRR). Per the filing, Three Bays now owns 5.1% of the company with over 3.48 million shares.
This is an increase of over 2 million shares since the end of the second quarter when they owned 1.47 million shares. The filing was made due to activity on August 18th.
Prior to founding Three Bays, Sidman worked at Highfields Capital.
Per Google Finance, Red Rock Resorts is "a gaming, development and management company. The Company's segments include Las Vegas operations, Native American management, and Corporate and other. The Las Vegas operations segment includes all of its Las Vegas area casino properties and the Native American management segment includes its Native American management arrangements. It provides gaming and entertainment for residents of the Las Vegas regional market and visitors. Its Las Vegas portfolio includes approximately 10 gaming and entertainment facilities and over 10 smaller casinos, offering approximately 20,300 slot machines, over 350 table games and approximately 4,750 hotel rooms. The Company offers a range of gaming and non-gaming entertainment options. It also controls over seven gaming-entitled development sites consisting of approximately 398 acres in Las Vegas and Reno, Nevada. The Company manages and owns interest in Station Casinos LLC, which is the provider of gaming and entertainment."
Thursday, August 24, 2017
Three Bays Capital Boosts Red Rock Resorts Stake
Tuesday, September 6, 2016
Three Bays Capital Trims Cypress Semiconductor Holdings
Matthew Sidman's hedge fund Three Bays Capital has filed an amended 13D regarding its position in Cypress Semiconductor (CY). Per the filing, Three Bays owns 7% of the company with 22.53 million shares. This includes 7 million shares underlying call options.
This is a slight decrease compared to the net position they owned at the end of the second quarter. The 13D disclosed their most recent transactions where they bought 168,373 shares on July 11th but then sold shares on July 19th and August 30th (500,000 total shares at prices of $11.34 and $11.71).
Prior to founding Three Bays in 2013, Sidman worked at Highfields Capital.
Per Google Finance, Cypress Semiconductor is "delivers solutions from automotive, industrial and networking platforms to interactive consumer and mobile devices. The Company's segments include Programmable Systems Division, Memory Products Division, Data Communications Division and Emerging Technologies Division. The Programmable Solutions Division designs and develops solutions for end-product manufacturers. The Memory Products Division designs and manufactures portfolio of high-performance memories for embedded systems. The Data Communications Division focuses on solutions for industrial, handset and consumer applications. The Emerging Technologies Division consists of its subsidiaries, AgigA Tech, Inc. and Deca Technologies, Inc. Its product portfolio includes NOR flash memories, Traveo microcontrollers, programmable system-on-chip solutions, CapSense capacitive touch-sensing controllers, and Wireless Bluetooth Low-Energy and universal serial bus (USB) connectivity solutions."
Thursday, March 10, 2016
Three Bays Capital Files 13D on Cypress Semiconductor, Boosts Position
Matthew Sidman's hedge fund Three Bays Capital has filed a 13D with the SEC regarding shares of Cypress Semiconductor (CY). Per the filing, Three Bays now owns 7.1% of the company with over 22.46 million shares.
This is an increase over the 15.8 million shares Three Bays owned at the end of 2015. The filing was made due to activity on March 3rd. The 13D contains the standard boilerplate noting that they've met with management.
Prior to founding Three Bays in 2013, Sidman worked at Highfields Capital.
Per Google Finance, Cypress Semiconductor is "a provider of mixed-signal programmable solutions. The Company's offerings include PSoC 1, PSoC 3, PSoC 4 and PSoC 5LP programmable system-on-chip families. It caters to markets, including industrial, mobile handsets, consumer, computation, data communications, automotive and military. The Company operates in four segments: Programmable Systems Division, Memory Products Division, Data Communications Division and Emerging Technologies Division. The Programmable Solutions Division designs and develops solutions for end-product manufacturers. The Memory Products Division designs and manufactures SRAM products and non-volatile RAMs (random access memories). The Data Communications Division focuses on solutions for industrial, handset and consumer applications. The Emerging Technologies Division consists of the Company's subsidiaries, AgigA Tech, Inc. and Deca Technologies, Inc.."
Tuesday, June 30, 2015
Three Bays Capital Increases Cypress Semiconductor Stake
Matthew Sidman's hedge fund firm Three Bays Capital has filed a 13G with the SEC regarding shares of Cypress Semiconductor (CY). Per the filing, Three Bays now owns 5.6% of the company with 18.49 million shares.
This is a sizable increase over the 8.2 million shares the fund owned at the end of the first quarter. The filing was made due to activity on June 17th. Since the end of Q1, shares of CY have traded down from $14 to current levels of around $11.56, prompting Three Bays to add to its stake.
About Three Bays Capital
This is the first time this hedge fund has been mentioned on the site. Sidman founded Three Bays after previously working at Highfields Capital. It launched with around $500 million in 2013 but its latest 13F filing shows US assets of $2.37 billion as of the end of Q1 2015.
About Cypress Semiconductor
Per Google Finance, Cypress Semiconductor is "a provider of mixed-signal programmable solutions. The Company's offerings include PSoC 1, PSoC 3, PSoC 4 and PSoC 5LP programmable system-on-chip families. It caters to markets, including industrial, mobile handsets, consumer, computation, data communications, automotive and military. The Company operates in four segments: Programmable Systems Division, Memory Products Division, Data Communications Division and Emerging Technologies Division. The Programmable Solutions Division designs and develops solutions for end-product manufacturers. The Memory Products Division designs and manufactures SRAM products and non-volatile RAMs (random access memories). The Data Communications Division focuses on solutions for industrial, handset and consumer applications. The Emerging Technologies Division consists of the Company's subsidiaries, AgigA Tech, Inc. and Deca Technologies, Inc."
