HG Vora Capital Management’s PENN Entertainment PENN Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2025 Q2	$130M	Hold	7,250,000	–	–	14.27%	1
2025 Q1	$118M	Sell	7,250,000 -7,250,000	-50%	-$118M	12.09%	2
2024 Q4	$287M	Hold	14,500,000	–	–	21.67%	1
2024 Q3	$273M	Hold	14,500,000	–	–	20.04%	1
2024 Q2	$281M	Hold	14,500,000	–	–	18.22%	1
2024 Q1	$264M	Hold	14,500,000	–	–	15.13%	2
2023 Q4	$377M	Hold	14,500,000	–	–	19.28%	2
2023 Q3	$333M	Hold	14,500,000	–	–	10.53%	2
2023 Q2	$348M	Buy	14,500,000 +500,000	+4%	+$12M	9.9%	3
2023 Q1	$415M	Buy	14,000,000 +3,750,000	+37%	+$111M	11.97%	3
2022 Q4	$304M	Buy	10,250,000 +2,750,000	+37%	+$81.7M	12.16%	3
2022 Q3	$206M	Buy	7,500,000 +4,000,000	+114%	+$110M	9.31%	4
2022 Q2	$106M	Buy	+3,500,000	New	+$106M	4.21%	9
2021 Q3	–	Sell	-2,500,000	Closed	-$191M	–	29
2021 Q2	$191M	Buy	+2,500,000	New	+$191M	8.63%	3
2020 Q1	–	Sell	-2,000,000	Closed	-$51.1M	–	26
2019 Q4	$51.1M	Sell	2,000,000 -5,500,000	-73%	-$141M	4.8%	9
2019 Q3	$140M	Buy	7,500,000 +1,700,000	+29%	+$31.7M	13.38%	2
2019 Q2	$112M	Hold	5,800,000	–	–	8.11%	4
2019 Q1	$117M	Buy	+5,800,000	New	+$117M	8.59%	4
2018 Q2	–	Sell	-1,750,000	Closed	-$46M	–	20
2018 Q1	$46M	Sell	1,750,000 -75,000	-4%	-$1.97M	3.08%	10
2017 Q4	$57.2M	Sell	1,825,000 -4,225,000	-70%	-$132M	6%	7
2017 Q3	$142M	Sell	6,050,000 -2,275,000	-27%	-$53.2M	19.11%	2
2017 Q2	$178M	Hold	8,325,000	–	–	14.92%	2
2017 Q1	$153M	Buy	8,325,000 +1,325,000	+19%	+$24.4M	15.03%	1
2016 Q4	$96.5M	Buy	7,000,000 +3,650,000	+109%	+$50.3M	17.97%	1
2016 Q3	$45.5M	Buy	3,350,000 +2,350,000	+235%	+$31.9M	5.88%	6
2016 Q2	$14M	Buy	+1,000,000	New	+$14M	3.15%	10