Denny's
DENN
DENN was delisted on the 16th of January, 2026.
136 hedge funds and large institutions have $276M invested in Denny's in 2025 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 27 increasing their positions, 51 reducing their positions, and 32 closing their positions.
18% more capital invested
Capital invested by funds: $233M → $276M (+$42.7M)
16% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 32
3% more funds holding
Funds holding: 132 → 136 (+4)
0.58% less ownership
Funds ownership: 86.65% → 86.07% (-0.58%)
47% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 51
93% less call options, than puts
Call options by funds: $887K | Put options by funds: $13.3M
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
+$22M |
| 2 |
OBAM
ODDO BHF Asset Management
Paris,
France
|
+$14.2M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
+$11.7M |
| 4 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$9.64M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$8.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$39M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$24.2M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
-$20.7M |
| 4 |
First Eagle Investment Management
New York
|
-$8.48M |
| 5 |
EARNEST Partners
Atlanta,
Georgia
|
-$8.29M |
DENN Hedge Fund Activity: Q4 2025 in Review
136 of the 8,270 institutional investors tracked by Wall St. Rank reported a position in Denny's (DENN) for Q4 2025, worth a combined $276M — up 18% from $233M a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new DENN positions and 32 closed out — a net gain of 5 holders — while 27 added to existing stakes and 51 trimmed.
The largest buyer was Glazer Capital LLC, opening a new position worth an estimated $22M. The largest seller was Allspring Global Investments, exiting entirely with an estimated $39M sold.
- 136 institutional investors held Denny's (DENN) as of Q4 2025, up from 132 in Q3 2025.
- Funds reported $276M of Denny's stock for Q4 2025, up 18% quarter-over-quarter.
- 37 funds opened new Denny's positions in Q4 2025 and 32 closed out, a net change of +5 holders.
- The largest Denny's buyer in Q4 2025 was Glazer Capital LLC, an estimated $22M added.
- The largest Denny's seller in Q4 2025 was Allspring Global Investments, an estimated $39M sold.
Based on aggregated 13F filings for Q4 2025.