PENN Entertainment
PENN
208 hedge funds and large institutions have $1.9B invested in PENN Entertainment in 2017 Q2 according to their latest regulatory filings, with 31 funds opening new positions, 74 increasing their positions, 72 reducing their positions, and 27 closing their positions.
3,138% more call options, than puts
Call options by funds: $53M | Put options by funds: $1.64M
20% more capital invested
Capital invested by funds: $1.59B → $1.9B (+$313M)
15% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 27
3.05% more ownership
Funds ownership: 94.81% → 97.86% (+3.1%)
2% more funds holding
Funds holding: 204 → 208 (+4)
3% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 72
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$88.1M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$27.6M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$19.1M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$18.2M |
| 5 |
Renaissance Technologies
New York
|
+$14.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$28.1M |
| 2 |
MWNA
Marshall Wace North America
New York
|
-$23.5M |
| 3 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$22.6M |
| 4 |
BlackRock
New York
|
-$20.2M |
| 5 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$16M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
226
Tower Research Capital (TRC)
New York
| – | -$280K | -15,168 | Closed |
|
227
Jane Street
New York
| – | -$280K | -14,232 | Closed |
|
|
PAM
228
Princeton Alpha Management
Princeton Junction,
New Jersey
| – | -$216K | -11,715 | Closed |
|
229
ProShare Advisors
Bethesda,
Maryland
| – | -$194K | -10,506 | Closed |
|
|
PI
230
PHH Investments
Addison,
Texas
| – | -$138K | -7,508 | Closed |
|
231
US Bancorp
Minneapolis,
Minnesota
| – | -$35.8K | -1,823 | -99% |
|
|
ACS
232
Archford Capital Strategies
Swansea,
Illinois
| – | -$4K | -202 | Closed |
|
PENN Hedge Fund Activity: Q2 2017 in Review
208 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q2 2017, worth a combined $1.9B — up 20% from $1.59B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new PENN positions and 27 closed out — a net gain of 4 holders — while 74 added to existing stakes and 72 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $88.1M. The largest seller was Putnam Investments, cutting an estimated $28.1M.
- 208 institutional investors held PENN Entertainment (PENN) as of Q2 2017, up from 204 in Q1 2017.
- Funds reported $1.9B of PENN Entertainment stock for Q2 2017, up 20% quarter-over-quarter.
- 31 funds opened new PENN Entertainment positions in Q2 2017 and 27 closed out, a net change of +4 holders.
- The largest PENN Entertainment buyer in Q2 2017 was Fidelity Investments, an estimated $88.1M added.
- The largest PENN Entertainment seller in Q2 2017 was Putnam Investments, an estimated $28.1M sold.
Based on aggregated 13F filings for Q2 2017.