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

HG Vora Capital Management’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	$85.3M	Sell	5,675,000 -575,000	-9%	-$8M	44.71%	1
2025 Q4	$92.2M	Sell	6,250,000 -1,000,000	-14%	-$15.6M	34.81%	1
2025 Q3	$140M	Hold	7,250,000	–	–	18.92%	1
2025 Q2	$130M	Hold	7,250,000	–	–	14.27%	1
2025 Q1	$118M	Sell	7,250,000 -7,250,000	-50%	-$142M	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%	4
2023 Q2	$348M	Buy	14,500,000 +500,000	+4%	+$13.3M	9.9%	5
2023 Q1	$415M	Buy	14,000,000 +3,750,000	+37%	+$116M	11.97%	4
2022 Q4	$304M	Buy	10,250,000 +2,750,000	+37%	+$89.2M	12.16%	3
2022 Q3	$206M	Buy	7,500,000 +4,000,000	+114%	+$129M	9.31%	4
2022 Q2	$106M	Buy	+3,500,000	New	+$118M	4.21%	9
2021 Q3	–	Sell	-2,500,000	Closed	-$191M	–	29
2021 Q2	$191M	Buy	+2,500,000	New	+$215M	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%	-$122M	4.8%	9
2019 Q3	$140M	Buy	7,500,000 +1,700,000	+29%	+$32.2M	13.38%	2
2019 Q2	$112M	Hold	5,800,000	–	–	8.11%	4
2019 Q1	$117M	Buy	+5,800,000	New	+$136M	8.59%	4
2018 Q2	–	Sell	-1,750,000	Closed	-$46M	–	21
2018 Q1	$46M	Sell	1,750,000 -75,000	-4%	-$2.17M	3.08%	12
2017 Q4	$57.2M	Sell	1,825,000 -4,225,000	-70%	-$114M	6%	8
2017 Q3	$142M	Sell	6,050,000 -2,275,000	-27%	-$48.7M	19.11%	2
2017 Q2	$178M	Hold	8,325,000	–	–	14.92%	3
2017 Q1	$153M	Buy	8,325,000 +1,325,000	+19%	+$19.4M	15.03%	2
2016 Q4	$96.5M	Buy	7,000,000 +3,650,000	+109%	+$49.8M	17.97%	1
2016 Q3	$45.5M	Buy	3,350,000 +2,350,000	+235%	+$33.1M	5.88%	7
2016 Q2	$13.9M	Buy	+1,000,000	New	+$15.7M	3.15%	11

Other funds holding PENN

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

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

AQR Capital Management Greenwich, Connecticut $218B AUM 29.41% 1-Year Est. Return

HG Vora Capital Management's PENN Position: Q1 2026 in Review

HG Vora Capital Management reduced its PENN Entertainment (PENN) stake by 9.2% in Q1 2026, selling an estimated $8M and leaving 5,675,000 shares worth $85.3M. The position accounts for 44.71% of the portfolio, ranked #1.

HG Vora Capital Management first reported a position in PENN in Q2 2016 and has held it in 29 quarters since. The position peaked at $415M in Q1 2023. 370 funds tracked by Wall St. Rank hold PENN as of Q1 2026.

HG Vora Capital Management held 5,675,000 shares of PENN Entertainment worth $85.3M as of Q1 2026.
HG Vora Capital Management sold 575,000 PENN Entertainment shares in Q1 2026, an estimated $8M.
PENN Entertainment made up 44.71% of HG Vora Capital Management's portfolio in Q1 2026, its #1 holding.
HG Vora Capital Management first reported a position in PENN Entertainment in Q2 2016 and has held it in 29 quarters since.
HG Vora Capital Management's PENN Entertainment position peaked at $415M in Q1 2023.
370 funds tracked by Wall St. Rank held PENN Entertainment as of Q1 2026.

Based on HG Vora Capital Management's 13F filing for Q1 2026, filed 15 May 2026.