FUN Six Flags Entertainment Corporation/NEW
Price Chart
Executive Summary
Form 3 filing by Rehan Jaffer, founder and managing member of H Partners Management, indicating beneficial ownership of 4,650,000 shares of Six Flags Entertainment Corporation common stock. This initial ownership report signals a material activist or significant passive stake, as H Partners is a known event-driven fund. The filing suggests H Partners/Rehan Jaffer has a large position (4.65M shares) in FUN, which may lead to increased activist pressure, board engagement, or strategic alternatives.
Actionable Insight
This is a major new activist-style position disclosure. H Partners has a history of pushing for operational improvements and strategic alternatives in portfolio companies. Traders should watch for a subsequent Schedule 13D (which would provide more detail on intent) or public communications from H Partners. If 13D emerges with a clear activist agenda, FUN could see a 5-10% rally. If no 13D appears and the position remains passive, the impact may be muted. Given the historical underperformance on prior FUN calls noted in the calibration data, the score is pegged at 7 (significant) but with medium confidence — the stake is real and material but precise activist intent is unconfirmed.
Key Facts
- Rehan Jaffer filed a Form 3 on 2026-05-27, reporting beneficial ownership of 4,650,000 shares of Six Flags Entertainment Corporation (FUN) common stock.
- The shares are held by funds managed by H Partners Management, LLC, a known event-driven and activist hedge fund.
- Jaffer disclaims beneficial ownership except to the extent of pecuniary interest, but as founder/managing member of H Partners, he has voting and dispositive power.
- No footnotes or footers indicate a separate Schedule 13D/13G filing was included — the Form 3 appears to be an initial Section 16 statement.
Financial Impact
4,650,000 shares reported as of 2026-05-26. At current market cap of $2.1B, this stake is likely worth $50-80M depending on entry price, representing approximately 2-4% of outstanding shares.
Risk Factors
- If H Partners' intent is passive (not activist), the filing is simply a disclosure with no near-term catalyst
- Six Flags' high debt load and seasonal revenue could limit activist options
- No Schedule 13D has been filed yet, creating uncertainty about Jaffer's true intentions
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 3 Filing (Primary) | 0001999001-26-000071 |
| Document: 0001999001-26-000071-index.html | 0001999001-26-000071 |
| Document: 0001999001-26-000071.txt | 0001999001-26-000071 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 12, 2026
1d ago
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Institutional Cluster
| $24.02 awaiting T+5 | awaiting T+5 | — | $23.44 (−2.39%) |
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Jun 11, 2026
2d ago
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Institutional Cluster
| $23.75 awaiting T+5 | awaiting T+5 | — | $23.44 (−1.28%) |
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May 27, 2026
16d ago
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8-K
| $20.30 $21.21 | ▲ +4.48% | ▲ +4.17% | $23.44 (+15.47%) |
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May 27, 2026
16d ago
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3
| $20.30 $21.21 | ▲ +4.48% | ▲ +4.17% | $23.44 (+15.47%) |
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May 27, 2026
16d ago
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3
| $20.30 $21.21 | ▲ +4.48% | ▲ +4.17% | $23.44 (+15.47%) |
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May 20, 2026
23d ago
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8-K
| $19.72 $21.01 | ▲ +6.54% | ▲ +4.69% | $23.44 (+18.86%) |
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May 12, 2026
4w ago
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Insider Cluster
| $18.90 $19.53 | ▲ +3.33% | ▲ +3.93% | $23.44 (+24.02%) |
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May 7, 2026
5w ago
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8-K
| $22.01 $20.08 | ▼ −8.77% | ▼ −10.23% | $23.44 (+6.50%) |
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May 7, 2026
5w ago
|
8-K
| $22.76 $19.32 | ▼ −15.11% | ▼ −16.62% | $23.44 (+2.99%) |
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Apr 9, 2026
9w ago
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8-K
| $19.73 $19.48 | ▼ −1.27% | ▼ −4.45% | $23.44 (+18.80%) |
US Market Status
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