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PENN Entertainment

187 hedge funds and large institutions have $1B invested in PENN Entertainment in 2013 Q4 according to their latest regulatory filings, with 62 funds opening new positions, 12 increasing their positions, 113 reducing their positions, and 71 closing their positions.

New
Increased
Maintained
Reduced
Closed

201% more call options, than puts

Call options by funds: $6.64M | Put options by funds: $2.21M

5% less funds holding

Funds holding: 197187 (-10)

13% less first-time investments, than exits

New positions opened: 62 | Existing positions closed: 71

75% less capital invested

Capital invested by funds: $3.94B → $1B (-$2.94B)

89% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 113

91% less funds holding in top 10

Funds holding in top 10: 111 (-10)

Holders
187
Holders Change
-10
Holders Change %
-5.08%
% of All Funds
5.43%
Holding in Top 10
1
Holding in Top 10 Change
-10
Holding in Top 10 Change %
-90.91%
% of All Funds
0.03%
New
62
Increased
12
Reduced
113
Closed
71
Calls
$6.64M
Puts
$2.21M
Net Calls
+$4.43M
Net Calls Change
+$34.5M
Name Holding Trade Value Shares
Change
Change in
Stake
Luther King Capital Management (LKCM)
226
Luther King Capital Management (LKCM)
Texas
-$1.02M -81,383 Closed
MWR
227
McAdams Wright Ragen
Washington
-$961K -76,770 Closed
Natixis Advisors
228
Natixis Advisors
Massachusetts
-$916K -73,223 Closed
QIM
229
Quantitative Investment Management
Virginia
-$614K -49,095 Closed
LPL Financial
230
LPL Financial
California
-$612K -48,268 Closed
KA
231
Kerrisdale Advisers
Florida
-$603K -48,206 Closed
VKH
232
Virtu KCG Holdings
New York
-$570K -45,601 Closed
FNYS
233
First New York Securities
New York
-$554K -44,230 Closed
Prudential Financial
234
Prudential Financial
New Jersey
-$398K -31,788 Closed
Jane Street
235
Jane Street
New York
-$393K -31,412 Closed
BDF
236
Balasa Dinverno & Foltz
-$393K -31,403 Closed
Comerica Bank
237
Comerica Bank
Texas
-$386K -30,824 Closed
CAM
238
Capstone Asset Management
Texas
-$381K -30,439 Closed
COI
239
Connable Office Inc
Michigan
-$377K -30,152 Closed
AG
240
Aperio Group
California
-$376K -30,001 Closed
FCBT
241
First Citizens Bank & Trust
North Carolina
-$362K -28,944 Closed
T
242
TradeWorx
New Jersey
-$313K -25,025 Closed
VAM
243
Visium Asset Management
New York
-$303K -24,242 Closed
WAM
244
World Asset Management
Michigan
-$285K -22,805 Closed
JHIU
245
Janus Henderson Investors US
Colorado
-$277K -22,115 Closed
SCM
246
Stux Capital Management
New York
-$277K -22,115 Closed
TCM
247
TriOaks Capital Management
New York
-$277K -22,115 Closed
CIBC World Market
248
CIBC World Market
Ontario, Canada
-$249K -19,899 Closed
BUB
249
BBVA USA Bancshares
Texas
-$221K -17,595 Closed
OC
250
Oppenheimer & Co
New York
-$203K -16,250 Closed

PENN Hedge Fund Activity: Q4 2013 in Review

187 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q4 2013, worth a combined $1B — down 75% from $3.94B a quarter earlier.

Sellers outnumbered buyers: 71 funds closed out of PENN and 62 opened new positions — a net loss of 9 holders — while 113 trimmed existing stakes and 12 added.

The largest buyer was HBK Investments, opening a new position worth an estimated $19.2M. The largest seller was BAMCO Inc, cutting an estimated $371M.

  • 187 institutional investors held PENN Entertainment (PENN) as of Q4 2013, down from 197 in Q3 2013.
  • Funds reported $1B of PENN Entertainment stock for Q4 2013, down 75% quarter-over-quarter.
  • 62 funds opened new PENN Entertainment positions in Q4 2013 and 71 closed out, a net change of -9 holders.
  • The largest PENN Entertainment buyer in Q4 2013 was HBK Investments, an estimated $19.2M added.
  • The largest PENN Entertainment seller in Q4 2013 was BAMCO Inc, an estimated $371M sold.

Based on aggregated 13F filings for Q4 2013.