Penumbra
315 hedge funds and large institutions have $8.01B invested in Penumbra in 2023 Q3 according to their latest regulatory filings, with 39 funds opening new positions, 105 increasing their positions, 123 reducing their positions, and 82 closing their positions.
110% more call options, than puts
Call options by funds: $222M | Put options by funds: $106M
3.53% less ownership
Funds ownership: 89.52% → 85.98% (-3.5%)
13% less funds holding
Funds holding: 363 → 315 (-48)
15% less repeat investments, than reductions
Existing positions increased: 105 | Existing positions reduced: 123
32% less capital invested
Capital invested by funds: $11.8B → $8.01B (-$3.77B)
43% less funds holding in top 10
Funds holding in top 10: 7 → 4 (-3)
52% less first-time investments, than exits
New positions opened: 39 | Existing positions closed: 82
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RSCM
Rock Springs Capital Management
Baltimore,
Maryland
|
+$38.2M |
| 2 |
BlackRock
New York
|
+$37.7M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$27.7M |
| 4 |
Franklin Resources
San Mateo,
California
|
+$22M |
| 5 |
Capital Research Global Investors
Los Angeles,
California
|
+$21.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$72.6M |
| 2 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
-$49.5M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$48.8M |
| 4 |
PHS
PFM Health Sciences
San Francisco,
California
|
-$46.5M |
| 5 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$34.9M |
PEN Hedge Fund Activity: Q3 2023 in Review
315 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Penumbra (PEN) for Q3 2023, worth a combined $8.01B — down 32% from $11.8B a quarter earlier.
Sellers outnumbered buyers: 82 funds closed out of PEN and 39 opened new positions — a net loss of 43 holders — while 123 trimmed existing stakes and 105 added.
The largest buyer was Rock Springs Capital Management, adding an estimated $38.2M. The largest seller was T. Rowe Price Associates, cutting an estimated $72.6M.
- 315 institutional investors held Penumbra (PEN) as of Q3 2023, down from 363 in Q2 2023.
- Funds reported $8.01B of Penumbra stock for Q3 2023, down 32% quarter-over-quarter.
- 39 funds opened new Penumbra positions in Q3 2023 and 82 closed out, a net change of -43 holders.
- The largest Penumbra buyer in Q3 2023 was Rock Springs Capital Management, an estimated $38.2M added.
- The largest Penumbra seller in Q3 2023 was T. Rowe Price Associates, an estimated $72.6M sold.
Based on aggregated 13F filings for Q3 2023.