Land & Buildings Investment Management Buys Stake in Six Flags

Hedge fund takes 1.56% ownership in theme park operator

Mar. 17, 2026 at 9:52am

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Land & Buildings Investment Management LLC bought a new stake of 1,585,580 shares in Six Flags Entertainment Corporation (NYSE:FUN) during the third quarter, according to a recent SEC filing. The stake is valued at approximately $36 million and represents about 1.56% ownership in the theme park operator.

Why it matters

The investment by Land & Buildings, a hedge fund focused on real estate and related sectors, suggests the firm sees potential value in Six Flags' theme park assets and business model. Six Flags has faced challenges in recent years, including the impact of the pandemic, but the new investment could signal confidence in the company's long-term prospects.

The details

According to the SEC filing, Land & Buildings Investment Management purchased the 1,585,580 shares of Six Flags Entertainment, making it the 5th largest position in the firm's investment portfolio. The stake is valued at approximately $36 million, or around 6.6% of Land & Buildings' total assets under management.

  • The new stake was disclosed in Land & Buildings' 13F filing for the third quarter of 2026.

The players

Land & Buildings Investment Management LLC

A hedge fund focused on real estate and related sectors that has taken a 1.56% stake in Six Flags Entertainment Corporation.

Six Flags Entertainment Corporation

A publicly traded regional theme park operator based in Arlington, Texas that develops, owns and operates amusement and water parks.

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The takeaway

The new investment by Land & Buildings suggests the hedge fund sees value in Six Flags' theme park assets and business model, even as the company has faced challenges in recent years. This could signal confidence in Six Flags' long-term prospects as it looks to rebound from the impacts of the pandemic.