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PENN Entertainment
PENN

230 hedge funds and large institutions have $2.76B invested in PENN Entertainment in 2017 Q4 according to their latest regulatory filings, with 51 funds opening new positions, 65 increasing their positions, 79 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

858% more call options, than puts

Call options by funds: $25.2M | Put options by funds: $2.63M

55% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 33

30% more capital invested

Capital invested by funds: $2.12B → $2.76B (+$634M)

8% more funds holding

Funds holding: 212 → 230 (+18)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

0.27% less ownership

Funds ownership: 99.36% → 99.09% (-0.27%)

18% less repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 79

Holders
230
Holders Change
+18
Holders Change %
+8.49%
% of All Funds
5.22%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
51
Increased
65
Reduced
79
Closed
33
Calls
$25.2M
Puts
$2.63M
Net Calls
+$22.6M
Net Calls Change
+$109K

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$40.3M
2
HAI
Hennessy Advisors Inc
California
+$30.4M
3
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$28.5M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$28.2M
5
Morgan Stanley
Morgan Stanley
New York
+$24.9M

Top Sellers

Rank Fund Capital Flow
1
HVCM
HG Vora Capital Management
New York
-$114M
2
EARNEST Partners
EARNEST Partners
Georgia
-$39.4M
3
Deutsche Bank
Deutsche Bank
Germany
-$18.4M
4
Victory Capital Management
Victory Capital Management
Texas
-$18.3M
5
Bank of New York Mellon
Bank of New York Mellon
New York
-$15.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Walleye Trading
226
Walleye Trading
New York
$1.65K +$497K +18,417 +54%
US Bancorp
227
US Bancorp
Minnesota
$1K – – –
PCG
228
Private Capital Group
Connecticut
$1 +$540 +20 New
SAM
229
Sentinel Asset Management
Vermont
– -$15.5M -662,202 Closed
PCM
230
Peregrine Capital Management
Minnesota
– -$9.12M -390,004 Closed
SCM
231
SG Capital Management
Illinois
– -$8.73M -373,141 Closed
EMFAT
232
Emerald Mutual Fund Advisers Trust
Pennsylvania
– -$5.64M -241,099 Closed
Tudor Investment Corp
233
Tudor Investment Corp
Connecticut
– -$4.97M -212,663 Closed
SIM
234
Spark Investment Management
New York
– -$4M -170,800 Closed
TCM
235
Tygh Capital Management
Oregon
– -$3.96M -169,320 Closed
Schroder Investment Management Group
236
Schroder Investment Management Group
United Kingdom
– -$2.33M -100,273 Closed
MC
237
Menta Capital
California
– -$2.16M -92,156 Closed
3C
238
361 Capital
Colorado
– -$2.15M -92,035 Closed
OAM
239
Oxford Asset Management
United Kingdom
– -$1.99M -85,003 Closed
ARTA
240
A.R.T. Advisors
New York
– -$1.45M -61,878 Closed
NFA
241
Nationwide Fund Advisors
Ohio
– -$1.02M -43,662 Closed
CI
242
Cowen Inc
New York
– -$917K -39,200 Closed
HT
243
HAP Trading
New York
– -$827K -35,343 Closed
BCM
244
Bluefin Capital Management
New York
– -$802K -34,298 Closed
QOP
245
Quinn Opportunity Partners
Virginia
– -$772K -33,000 Closed
WIC
246
Water Island Capital
New York
– -$638K -27,260 Closed
DTL
247
Dynamic Technology Lab
Singapore
– -$393K -16,781 Closed
EMG
248
Ellington Management Group
Connecticut
– -$391K -16,700 Closed
QIM
249
Quantitative Investment Management
Virginia
– -$388K -16,600 Closed
PP
250
Paloma Partners
Connecticut
– -$378K -16,148 Closed
7 8 9
10
11

PENN Hedge Fund Activity: Q4 2017 in Review

230 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q4 2017, worth a combined $2.76B — up 30% from $2.12B a quarter earlier.

Buyers outnumbered sellers: 51 funds opened new PENN positions and 33 closed out — a net gain of 18 holders — while 65 added to existing stakes and 79 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $40.3M. The largest seller was HG Vora Capital Management, cutting an estimated $114M.

  • 230 institutional investors held PENN Entertainment (PENN) as of Q4 2017, up from 212 in Q3 2017.
  • Funds reported $2.76B of PENN Entertainment stock for Q4 2017, up 30% quarter-over-quarter.
  • 51 funds opened new PENN Entertainment positions in Q4 2017 and 33 closed out, a net change of +18 holders.
  • The largest PENN Entertainment buyer in Q4 2017 was Goldman Sachs, an estimated $40.3M added.
  • The largest PENN Entertainment seller in Q4 2017 was HG Vora Capital Management, an estimated $114M sold.

Based on aggregated 13F filings for Q4 2017.