PENN Entertainment
PENN
212 hedge funds and large institutions have $2.12B invested in PENN Entertainment in 2017 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 77 increasing their positions, 72 reducing their positions, and 24 closing their positions.
1,004% more call options, than puts
Call options by funds: $24.7M | Put options by funds: $2.24M
21% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 24
12% more capital invested
Capital invested by funds: $1.9B → $2.12B (+$220M)
2% more funds holding
Funds holding: 208 → 212 (+4)
1.5% more ownership
Funds ownership: 97.86% → 99.36% (+1.5%)
7% more repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 72
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$62.6M |
| 2 |
EARNEST Partners
Atlanta,
Georgia
|
+$33.5M |
| 3 |
BlackRock
New York
|
+$22.9M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$14M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$12.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
-$48.7M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$17.3M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$16.5M |
| 4 |
PCM
Peregrine Capital Management
Minneapolis,
Minnesota
|
-$8.63M |
| 5 |
Two Sigma Investments
New York
|
-$7.94M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
OC
226
Oppenheimer & Co
New York
| – | -$206K | -9,615 | Closed |
|
227
Simplex Trading
Chicago,
Illinois
| – | -$79.3K | -3,700 | Closed |
|
|
AIM
228
Acrospire Investment Management
Chicago,
Illinois
| – | -$30K | -1,400 | Closed |
|
|
PHK
229
Point72 Hong Kong
Hong Kong
| – | -$23K | -1,086 | Closed |
|
|
IR
230
Invictus RG
Hamilton,
Bermuda
| – | -$16K | -741 | Closed |
|
231
Creative Planning
Overland Park,
Kansas
| – | -$13K | -600 | Closed |
|
|
MCM
232
McKinley Capital Management
Anchorage,
Alaska
| – | -$11K | -520 | Closed |
|
|
CCS
233
Crosspoint Capital Strategies
Orinda,
California
| – | -$7K | -348 | Closed |
|
|
CTC
234
Central Trust Company
Jefferson City,
Missouri
| – | +$578 | +27 | New |
|
PENN Hedge Fund Activity: Q3 2017 in Review
212 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q3 2017, worth a combined $2.12B — up 12% from $1.9B a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new PENN positions and 24 closed out — a net gain of 5 holders — while 77 added to existing stakes and 72 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $62.6M. The largest seller was HG Vora Capital Management, cutting an estimated $48.7M.
- 212 institutional investors held PENN Entertainment (PENN) as of Q3 2017, up from 208 in Q2 2017.
- Funds reported $2.12B of PENN Entertainment stock for Q3 2017, up 12% quarter-over-quarter.
- 29 funds opened new PENN Entertainment positions in Q3 2017 and 24 closed out, a net change of +5 holders.
- The largest PENN Entertainment buyer in Q3 2017 was Fidelity Investments, an estimated $62.6M added.
- The largest PENN Entertainment seller in Q3 2017 was HG Vora Capital Management, an estimated $48.7M sold.
Based on aggregated 13F filings for Q3 2017.