Denny's
DENN
DENN was delisted on the 16th of January, 2026.
152 hedge funds and large institutions have $378M invested in Denny's in 2023 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 50 increasing their positions, 50 reducing their positions, and 18 closing their positions.
44% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 18
5% more funds holding
Funds holding: 145 → 152 (+7)
0% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 50
3.28% less ownership
Funds ownership: 83.74% → 80.46% (-3.3%)
27% less call options, than puts
Call options by funds: $454K | Put options by funds: $625K
35% less capital invested
Capital invested by funds: $578M → $378M (-$200M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$6.23M |
| 2 |
Renaissance Technologies
New York
|
+$4.08M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$3.55M |
| 4 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$3M |
| 5 |
First Eagle Investment Management
New York
|
+$2.51M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$15.8M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$15.2M |
| 3 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$7.81M |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$4.06M |
| 5 |
Walleye Capital
New York
|
-$2.81M |
DENN Hedge Fund Activity: Q3 2023 in Review
152 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Denny's (DENN) for Q3 2023, worth a combined $378M — down 35% from $578M a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new DENN positions and 18 closed out — a net gain of 8 holders — while 50 added to existing stakes and 50 trimmed.
The largest buyer was Hotchkis & Wiley Capital Management, opening a new position worth an estimated $6.23M. The largest seller was Franklin Resources, exiting entirely with an estimated $15.8M sold.
- 152 institutional investors held Denny's (DENN) as of Q3 2023, up from 145 in Q2 2023.
- Funds reported $378M of Denny's stock for Q3 2023, down 35% quarter-over-quarter.
- 26 funds opened new Denny's positions in Q3 2023 and 18 closed out, a net change of +8 holders.
- The largest Denny's buyer in Q3 2023 was Hotchkis & Wiley Capital Management, an estimated $6.23M added.
- The largest Denny's seller in Q3 2023 was Franklin Resources, an estimated $15.8M sold.
Based on aggregated 13F filings for Q3 2023.