PENN Entertainment
PENN
339 hedge funds and large institutions have $3.74B invested in PENN Entertainment in 2020 Q2 according to their latest regulatory filings, with 106 funds opening new positions, 115 increasing their positions, 84 reducing their positions, and 51 closing their positions.
250% more funds holding in top 10
Funds holding in top 10: 2 → 7 (+5)
199% more capital invested
Capital invested by funds: $1.25B → $3.74B (+$2.49B)
108% more first-time investments, than exits
New positions opened: 106 | Existing positions closed: 51
37% more repeat investments, than reductions
Existing positions increased: 115 | Existing positions reduced: 84
19% more funds holding
Funds holding: 284 → 339 (+55)
10% more call options, than puts
Call options by funds: $232M | Put options by funds: $210M
8.3% more ownership
Funds ownership: 83.45% → 91.75% (+8.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$168M |
| 2 |
BlackRock
New York
|
+$67.5M |
| 3 |
JCAM
Jericho Capital Asset Management
New York
|
+$51.5M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$46.6M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$37.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$28.4M |
| 2 |
EC
Eminence Capital
New York
|
-$27.5M |
| 3 |
JP Morgan Chase
New York
|
-$24.2M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
-$19.3M |
| 5 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$16.6M |
PENN Hedge Fund Activity: Q2 2020 in Review
339 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q2 2020, worth a combined $3.74B — up 199% from $1.25B a quarter earlier.
Buyers outnumbered sellers: 106 funds opened new PENN positions and 51 closed out — a net gain of 55 holders — while 115 added to existing stakes and 84 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $168M. The largest seller was T. Rowe Price Associates, cutting an estimated $28.4M.
- 339 institutional investors held PENN Entertainment (PENN) as of Q2 2020, up from 284 in Q1 2020.
- Funds reported $3.74B of PENN Entertainment stock for Q2 2020, up 199% quarter-over-quarter.
- 106 funds opened new PENN Entertainment positions in Q2 2020 and 51 closed out, a net change of +55 holders.
- The largest PENN Entertainment buyer in Q2 2020 was Fidelity Investments, an estimated $168M added.
- The largest PENN Entertainment seller in Q2 2020 was T. Rowe Price Associates, an estimated $28.4M sold.
Based on aggregated 13F filings for Q2 2020.