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Covalent Partners’s PENN Entertainment PENN Stock Holding History

Covalent Partners’s Portfolio PENN Stock Details PENN Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q1 		$1.35M Sell
90,000
-20,000
-18% -$278K 7.71% 4
2025
Q4 		$1.62M Buy
110,000
+35,000
+47% +$546K 7.17% 3
2025
Q3 		$1.44M Buy
+75,000
New +$1.41M 5.44% 7
2017
Q2 		– Sell
-159,178
Closed -$2.93M – 30
2017
Q1 		$2.93M Sell
159,178
-476,784
-75% -$6.99M 1.13% 22
2016
Q4 		$8.77M Buy
635,962
+31,908
+5% +$435K 3.26% 14
2016
Q3 		$8.2M Sell
604,054
-118,233
-16% -$1.66M 3.2% 15
2016
Q2 		$10.1M Sell
722,287
-98,962
-12% -$1.55M 3.47% 15
2016
Q1 		$13.7M Sell
821,249
-302,000
-27% -$4.33M 4.43% 9
2015
Q4 		$18M Sell
1,123,249
-60,300
-5% -$1.01M 4.58% 10
2015
Q3 		$19.9M Buy
1,183,549
+97,432
+9% +$1.78M 4.19% 10
2015
Q2 		$19.9M Sell
1,086,117
-55,447
-5% -$923K 3.59% 12
2015
Q1 		$17.9M Sell
1,141,564
-139,976
-11% -$2.2M 3.64% 11
2014
Q4 		$17.6M Buy
+1,281,540
New +$16.6M 3.99% 10
2013
Q4 		– Sell
-619,220
Closed -$7.75M – 30
2013
Q3 		$7.75M Buy
+619,220
New +$7.46M 2.69% 15

Other funds holding PENN

BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
VPM
Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM
DCM
DME Capital Management New York $3.19B AUM 23.22% 1-Year Est. Return
VCM
Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM
HPC
Hill Path Capital New York $1.37B AUM 15.26% 1-Year Est. Return
HVCM
HG Vora Capital Management New York $191M AUM 1.23% 1-Year Est. Return
Invesco
Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return
Bank of America
Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return
Goldman Sachs
Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Covalent Partners's PENN Position: Q1 2026 in Review

Covalent Partners reduced its PENN Entertainment (PENN) stake by 18% in Q1 2026, selling an estimated $278K and leaving 90,000 shares worth $1.35M. The position accounts for 7.71% of the portfolio, ranked #4.

Covalent Partners first reported a position in PENN in Q3 2013 and has held it in 14 quarters since. The position peaked at $19.9M in Q2 2015. 370 funds tracked by Wall St. Rank hold PENN as of Q1 2026.

  • Covalent Partners held 90,000 shares of PENN Entertainment worth $1.35M as of Q1 2026.
  • Covalent Partners sold 20,000 PENN Entertainment shares in Q1 2026, an estimated $278K.
  • PENN Entertainment made up 7.71% of Covalent Partners's portfolio in Q1 2026, its #4 holding.
  • Covalent Partners first reported a position in PENN Entertainment in Q3 2013 and has held it in 14 quarters since.
  • Covalent Partners's PENN Entertainment position peaked at $19.9M in Q2 2015.
  • 370 funds tracked by Wall St. Rank held PENN Entertainment as of Q1 2026.

Based on Covalent Partners's 13F filing for Q1 2026, filed 15 May 2026.