ThornTree Capital Partners’s PENN Entertainment PENN Stock Holding History

ThornTree Capital 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
2023 Q1	–	Sell	-621,377	Closed	-$18.5M	–	22
2022 Q4	$18.5M	Sell	621,377 -102,503	-14%	-$3.33M	6.07%	7
2022 Q3	$19.9M	Sell	723,880 -37,594	-5%	-$1.21M	6.79%	7
2022 Q2	$23.2M	Buy	761,474 +179,564	+31%	+$6.06M	9.07%	3
2022 Q1	$24.7M	Sell	581,910 -229,935	-28%	-$10.5M	5.41%	6
2021 Q4	$42.1M	Buy	811,845 +326,338	+67%	+$19.8M	8.15%	3
2021 Q3	$35.2M	Buy	485,507 +46,399	+11%	+$3.41M	4.97%	4
2021 Q2	$33.6M	Buy	439,108 +7,219	+2%	+$622K	4.53%	9
2021 Q1	$45.3M	Sell	431,889 -148,221	-26%	-$16.4M	5.84%	6
2020 Q4	$50.1M	Sell	580,110 -159,752	-22%	-$11.4M	6.25%	3
2020 Q3	$53.8M	Sell	739,862 -554,088	-43%	-$27.2M	7.63%	2
2020 Q2	$39.5M	Buy	+1,293,950	New	+$29.6M	6.24%	2

Other funds holding PENN

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

HVCM

HG Vora Capital Management New York $197M AUM 17.92% 1-Year Est. Return

BAMCO Inc New York $66.6B AUM 7.35% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return

Renaissance Technologies New York $72.6B AUM 54.88% 1-Year Est. Return

ThornTree Capital Partners's PENN Position: Q1 2023 in Review

ThornTree Capital Partners sold out of PENN Entertainment (PENN) in Q1 2023, closing a stake of 621,377 shares — an estimated $18.5M sold.

ThornTree Capital Partners first reported a position in PENN in Q2 2020 and held it in 11 quarters. The position peaked at $53.8M in Q3 2020. 434 funds tracked by Wall St. Rank hold PENN as of Q1 2023.

ThornTree Capital Partners reported no remaining PENN Entertainment position as of Q1 2023 after selling out during the quarter.
ThornTree Capital Partners sold 621,377 PENN Entertainment shares in Q1 2023, an estimated $18.5M.
ThornTree Capital Partners first reported a position in PENN Entertainment in Q2 2020 and held it in 11 quarters.
ThornTree Capital Partners's PENN Entertainment position peaked at $53.8M in Q3 2020.
434 funds tracked by Wall St. Rank held PENN Entertainment as of Q1 2023.

Based on ThornTree Capital Partners's 13F filing for Q1 2023, filed 15 May 2023.