PENN Entertainment
PENN
204 hedge funds and large institutions have $1.59B invested in PENN Entertainment in 2017 Q1 according to their latest regulatory filings, with 50 funds opening new positions, 68 increasing their positions, 53 reducing their positions, and 35 closing their positions.
416% more call options, than puts
Call options by funds: $26M | Put options by funds: $5.04M
43% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 35
35% more capital invested
Capital invested by funds: $1.17B → $1.59B (+$416M)
28% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 53
5% more funds holding
Funds holding: 195 → 204 (+9)
7.01% less ownership
Funds ownership: 101.82% → 94.81% (-7%)
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$130M |
| 2 |
JP Morgan Chase
New York
|
+$25.2M |
| 3 |
Bank of New York Mellon
New York
|
+$19.6M |
| 4 |
HVCM
HG Vora Capital Management
New York
|
+$19.4M |
| 5 |
Two Sigma Investments
New York
|
+$15.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$24.2M |
| 2 |
GAM
Goldentree Asset Management
New York
|
-$22.5M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$21.3M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$21.1M |
| 5 |
BAMCO Inc
New York
|
-$18.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ST
226
Spot Trading
Chicago,
Illinois
| – | -$217K | -14,784 | Closed |
|
|
FRM
227
Fox Run Management
Greenwich,
Connecticut
| – | -$181K | -13,100 | Closed |
|
228
Tudor Investment Corp
Stamford,
Connecticut
| – | -$172K | -12,500 | Closed |
|
|
JG
229
Jefferies Group
New York
| – | -$162K | -11,767 | Closed |
|
|
PL
230
Parkwood LLC
Cleveland,
Ohio
| – | -$141K | -10,231 | Closed |
|
231
Simplex Trading
Chicago,
Illinois
| – | -$78K | -5,317 | Closed |
|
|
CTC
232
Central Trust Company
Jefferson City,
Missouri
| – | -$7K | -500 | Closed |
|
|
FANJ
233
Financial Architects (New Jersey)
Marlton,
New Jersey
| – | -$6K | -400 | Closed |
|
|
WA
234
WealthTrust-Arizona
Scottsdale,
Arizona
| – | -$1.32K | -90 | -90% |
|
|
PIA
235
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$551 | -40 | Closed |
|
|
WAM
236
Wealthspire Advisors (Maryland)
Potomac,
Maryland
| – | +$323 | +22 | New |
|
PENN Hedge Fund Activity: Q1 2017 in Review
204 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q1 2017, worth a combined $1.59B — up 35% from $1.17B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new PENN positions and 35 closed out — a net gain of 15 holders — while 68 added to existing stakes and 53 trimmed.
The largest buyer was BlackRock, adding an estimated $130M. The largest seller was Putnam Investments, cutting an estimated $24.2M.
- 204 institutional investors held PENN Entertainment (PENN) as of Q1 2017, up from 195 in Q4 2016.
- Funds reported $1.59B of PENN Entertainment stock for Q1 2017, up 35% quarter-over-quarter.
- 50 funds opened new PENN Entertainment positions in Q1 2017 and 35 closed out, a net change of +15 holders.
- The largest PENN Entertainment buyer in Q1 2017 was BlackRock, an estimated $130M added.
- The largest PENN Entertainment seller in Q1 2017 was Putnam Investments, an estimated $24.2M sold.
Based on aggregated 13F filings for Q1 2017.