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PENN Entertainment

600 hedge funds and large institutions have $9.75B invested in PENN Entertainment in 2021 Q3 according to their latest regulatory filings, with 99 funds opening new positions, 232 increasing their positions, 169 reducing their positions, and 71 closing their positions.

New
Increased
Maintained
Reduced
Closed

140% more funds holding in top 10

Funds holding in top 10: 512 (+7)

39% more first-time investments, than exits

New positions opened: 99 | Existing positions closed: 71

37% more repeat investments, than reductions

Existing positions increased: 232 | Existing positions reduced: 169

3% more funds holding

Funds holding: 582600 (+18)

1.42% more ownership

Funds ownership: 84.43%85.85% (+1.4%)

9% more call options, than puts

Call options by funds: $732M | Put options by funds: $675M

3% less capital invested

Capital invested by funds: $10.1B → $9.75B (-$336M)

Holders
600
Holders Change
+18
Holders Change %
+3.09%
% of All Funds
10.5%
Holding in Top 10
12
Holding in Top 10 Change
+7
Holding in Top 10 Change %
+140%
% of All Funds
0.21%
New
99
Increased
232
Reduced
169
Closed
71
Calls
$732M
Puts
$675M
Net Calls
+$57.5M
Net Calls Change
-$25.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Rafferty Asset Management
226
Rafferty Asset Management
New York
$1.16M -$254K -3,456 -18%
Zurich Cantonal Bank
227
Zurich Cantonal Bank
Switzerland
$1.16M
SDIC
228
South Dakota Investment Council
South Dakota
$1.14M +$500K +6,800 +76%
Lazard Asset Management
229
Lazard Asset Management
New York
$1.14M
SSB
230
Sandy Spring Bank
Maryland
$1.13M +$1.09M +14,785 +1,977%
MC
231
Maverick Capital
Texas
$1.12M +$1.14M +15,498 New
Rockefeller Capital Management
232
Rockefeller Capital Management
New York
$1.11M +$290K +3,949 +35%
Comerica Bank
233
Comerica Bank
Texas
$1.1M -$426K -5,796 -28%
MC
234
Moors & Cabot
Massachusetts
$1.1M +$709K +9,639 +174%
PI
235
Parkside Investments
Illinois
$1.09M +$1.11M +15,100 New
FNBT
236
FineMark National Bank & Trust
Florida
$1.09M
MFS
237
Monetta Financial Services
Illinois
$1.09M
CF
238
CNA Financial
Illinois
$1.08M
HIMCH
239
Hartford Investment Management Co (HIMCO)
Connecticut
$1.07M -$62.2K -846 -5%
CIBC World Market
240
CIBC World Market
Ontario, Canada
$1.07M +$1.08M +14,714 New
SM
241
SG3 Management
Puerto Rico
$1.05M +$1.07M +14,500 New
IA
242
IFP Advisors
Florida
$1.03M +$819K +11,138 +474%
SM
243
Sciencast Management
New Jersey
$1.01M +$62.5K +850 +7%
AAS
244
Avantax Advisory Services
Texas
$1M +$16.5K +225 +2%
Cetera Investment Advisers
245
Cetera Investment Advisers
Illinois
$992K +$28.9K +393 +3%
CIBC Asset Management
246
CIBC Asset Management
Ontario, Canada
$980K +$36.9K +502 +4%
GF
247
Gabelli Funds
New York
$978K -$95.6K -1,300 -9%
PNC Financial Services Group
248
PNC Financial Services Group
Pennsylvania
$975K -$4.47M -60,749 -82%
SAM
249
Securian Asset Management
Minnesota
$966K +$45K +612 +5%
PAM
250
Paradigm Asset Management
New York
$964K -$51.5K -700 -5%

PENN Hedge Fund Activity: Q3 2021 in Review

600 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q3 2021, worth a combined $9.75B — down 3.3% from $10.1B a quarter earlier.

Buyers outnumbered sellers: 99 funds opened new PENN positions and 71 closed out — a net gain of 28 holders — while 232 added to existing stakes and 169 trimmed.

The largest buyer was Atreides Management, opening a new position worth an estimated $356M. The largest seller was HG Vora Capital Management, exiting entirely with an estimated $191M sold.

  • 600 institutional investors held PENN Entertainment (PENN) as of Q3 2021, up from 582 in Q2 2021.
  • Funds reported $9.75B of PENN Entertainment stock for Q3 2021, down 3.3% quarter-over-quarter.
  • 99 funds opened new PENN Entertainment positions in Q3 2021 and 71 closed out, a net change of +28 holders.
  • The largest PENN Entertainment buyer in Q3 2021 was Atreides Management, an estimated $356M added.
  • The largest PENN Entertainment seller in Q3 2021 was HG Vora Capital Management, an estimated $191M sold.

Based on aggregated 13F filings for Q3 2021.