Water Island Capital’s PENN Entertainment PENN Stock Holding History

Water Island Capital’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 Q2	$214K	Sell	10,000 -25,000	-71%	-$448K	0.02%	84
2026 Q1	$526K	Buy	+35,000	New	+$487K	0.06%	81
2022 Q1	–	Sell	-1,014	Closed	-$53K	–	92
2021 Q4	$53K	Buy	+1,014	New	+$61.5K	﹤0.01%	90
2017 Q4	–	Sell	-27,260	Closed	-$638K	–	106
2017 Q3	$638K	Buy	+27,260	New	+$584K	0.03%	90

Other funds holding PENN

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

Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM

AQR Capital Management Greenwich, Connecticut $287B AUM 42.33% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

DCM

DME Capital Management New York $3.91B AUM 36.1% 1-Year Est. Return

HPC

Hill Path Capital New York $1.92B AUM 5.67% 1-Year Est. Return

EARNEST Partners Atlanta, Georgia $27.7B AUM 52.44% 1-Year Est. Return

HVCM

HG Vora Capital Management New York $197M AUM 17.92% 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

Water Island Capital's PENN Position: Q2 2026 in Review

Water Island Capital reduced its PENN Entertainment (PENN) stake by 71% in Q2 2026, selling an estimated $448K and leaving 10,000 shares worth $214K. The position accounts for 0.02% of the portfolio, ranked #84.

Water Island Capital first reported a position in PENN in Q3 2017 and has held it in 4 quarters since. The position peaked at $638K in Q3 2017. 380 funds tracked by Wall St. Rank hold PENN as of Q2 2026.

Water Island Capital held 10,000 shares of PENN Entertainment worth $214K as of Q2 2026.
Water Island Capital sold 25,000 PENN Entertainment shares in Q2 2026, an estimated $448K.
PENN Entertainment made up 0.02% of Water Island Capital's portfolio in Q2 2026, its #84 holding.
Water Island Capital first reported a position in PENN Entertainment in Q3 2017 and has held it in 4 quarters since.
Water Island Capital's PENN Entertainment position peaked at $638K in Q3 2017.
380 funds tracked by Wall St. Rank held PENN Entertainment as of Q2 2026.

Based on Water Island Capital's 13F filing for Q2 2026, filed 14 Aug 2026.