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PENN Entertainment
PENN

444 hedge funds and large institutions have $3.65B invested in PENN Entertainment in 2022 Q3 according to their latest regulatory filings, with 51 funds opening new positions, 124 increasing their positions, 159 reducing their positions, and 95 closing their positions.

New
Increased
Maintained
Reduced
Closed

4.33% more ownership

Funds ownership: 79.46% → 83.79% (+4.3%)

2% less call options, than puts

Call options by funds: $121M | Put options by funds: $123M

9% less capital invested

Capital invested by funds: $4.03B → $3.65B (-$374M)

10% less funds holding

Funds holding: 494 → 444 (-50)

22% less repeat investments, than reductions

Existing positions increased: 124 | Existing positions reduced: 159

25% less funds holding in top 10

Funds holding in top 10: 8 → 6 (-2)

46% less first-time investments, than exits

New positions opened: 51 | Existing positions closed: 95

Holders
444
Holders Change
-50
Holders Change %
-10.12%
% of All Funds
7.65%
Holding in Top 10
6
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-25%
% of All Funds
0.1%
New
51
Increased
124
Reduced
159
Closed
95
Calls
$121M
Puts
$123M
Net Calls
-$1.97M
Net Calls Change
+$41.2M

Top Buyers

Rank Fund Capital Flow
1
Goldman Sachs
Goldman Sachs
New York
+$148M
2
BlackRock
BlackRock
New York
+$140M
3
HVCM
HG Vora Capital Management
New York
+$129M
4
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
+$18.5M
5
Bank of America
Bank of America
North Carolina
+$17.4M

Top Sellers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
-$108M
2
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
-$66M
3
Invesco
Invesco
Georgia
-$49M
4
CIM
Contrarius Investment Management
Jersey
-$46.4M
5
LPC
Long Pond Capital
New York
-$39M
Name Holding Trade Value Shares
Change 		Change in
Stake
LFM
226
Lumina Fund Management
New York
$330K – – –
AWM
227
Aspire Wealth Management
Massachusetts
$322K +$98.5K +3,050 +35%
BCM
228
Bayesian Capital Management
New York
$321K +$376K +11,655 New
PAMS
229
Pictet Asset Management (Switzerland)
Switzerland
$319K -$323K -10,000 -46%
Neuberger Berman Group
230
Neuberger Berman Group
New York
$319K +$21.5K +667 +6%
Man Group
231
Man Group
United Kingdom
$319K +$375K +11,615 New
KAS
232
Kestra Advisory Services
Texas
$318K -$932K -28,856 -71%
CB
233
Commerce Bank
Missouri
$318K +$15.5K +481 +4%
SPIA
234
Steward Partners Investment Advisory
New York
$314K -$99.9K -3,095 -21%
CAM
235
Connacht Asset Management
New York
$312K -$538K -16,650 -59%
ATPW
236
Ashton Thomas Private Wealth
Arizona
$307K +$361K +11,167 New
IMC Chicago
237
IMC Chicago
Illinois
$307K -$305K -9,454 -46%
HT
238
HAP Trading
New York
$307K -$96.8K -2,997 -21%
RIA
239
Realta Investment Advisors
Delaware
$300K +$352K +10,900 New
CAN
240
Cetera Advisor Networks
California
$298K +$13.2K +409 +4%
MML Investors Services
241
MML Investors Services
Massachusetts
$294K -$42K -1,301 -11%
MM
242
MQS Management
New York
$289K +$340K +10,520 New
EH
243
Equitable Holdings
New York
$286K +$336K +10,395 New
SSB
244
Sandy Spring Bank
Maryland
$282K -$16.5K -510 -5%
QC
245
Quent Capital
New York
$282K +$54.9K +1,700 +20%
IAA
246
Independent Advisor Alliance
North Carolina
$280K +$329K +10,194 New
BCV
247
Banque Cantonale Vaudoise
Switzerland
$276K +$126K +3,900 +64%
PGCM
248
Prescott Group Capital Management
Oklahoma
$275K – – –
ECM
249
Engine Capital Management
New York
$271K – – –
FWM
250
Focused Wealth Management
New York
$267K +$11.1K +345 +4%
8 9
10
11 12

PENN Hedge Fund Activity: Q3 2022 in Review

444 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q3 2022, worth a combined $3.65B — down 9.3% from $4.03B a quarter earlier.

Sellers outnumbered buyers: 95 funds closed out of PENN and 51 opened new positions — a net loss of 44 holders — while 159 trimmed existing stakes and 124 added.

The largest buyer was Goldman Sachs, adding an estimated $148M. The largest seller was Vanguard Group, cutting an estimated $108M.

  • 444 institutional investors held PENN Entertainment (PENN) as of Q3 2022, down from 494 in Q2 2022.
  • Funds reported $3.65B of PENN Entertainment stock for Q3 2022, down 9.3% quarter-over-quarter.
  • 51 funds opened new PENN Entertainment positions in Q3 2022 and 95 closed out, a net change of -44 holders.
  • The largest PENN Entertainment buyer in Q3 2022 was Goldman Sachs, an estimated $148M added.
  • The largest PENN Entertainment seller in Q3 2022 was Vanguard Group, an estimated $108M sold.

Based on aggregated 13F filings for Q3 2022.