PENN Entertainment
PENN
390 hedge funds and large institutions have $3.01B invested in PENN Entertainment in 2023 Q3 according to their latest regulatory filings, with 59 funds opening new positions, 122 increasing their positions, 119 reducing their positions, and 56 closing their positions.
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
67% more call options, than puts
Call options by funds: $277M | Put options by funds: $166M
4.67% more ownership
Funds ownership: 81.94% → 86.6% (+4.7%)
5% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 56
3% more repeat investments, than reductions
Existing positions increased: 122 | Existing positions reduced: 119
1% less capital invested
Capital invested by funds: $3.03B → $3.01B (-$20.7M)
1% less funds holding
Funds holding: 394 → 390 (-4)
Top Buyers
| 1 |
Morgan Stanley
New York
|
+$98.9M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$66.2M |
| 3 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
+$47.4M |
| 4 |
Goldman Sachs
New York
|
+$40.1M |
| 5 |
Holocene Advisors
New York
|
+$27.5M |
Top Sellers
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$111M |
| 2 |
LPC
Long Pond Capital
New York
|
-$74.5M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$43.2M |
| 4 |
BAMCO Inc
New York
|
-$31.4M |
| 5 |
Nomura Holdings
Tokyo,
Japan
|
-$29.3M |
PENN Hedge Fund Activity: Q3 2023 in Review
390 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q3 2023, worth a combined $3.01B — down 0.68% from $3.03B a quarter earlier.
Buyers outnumbered sellers: 59 funds opened new PENN positions and 56 closed out — a net gain of 3 holders — while 122 added to existing stakes and 119 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $98.9M. The largest seller was Fidelity Investments, cutting an estimated $111M.
- 390 institutional investors held PENN Entertainment (PENN) as of Q3 2023, down from 394 in Q2 2023.
- Funds reported $3.01B of PENN Entertainment stock for Q3 2023, down 0.68% quarter-over-quarter.
- 59 funds opened new PENN Entertainment positions in Q3 2023 and 56 closed out, a net change of +3 holders.
- The largest PENN Entertainment buyer in Q3 2023 was Morgan Stanley, an estimated $98.9M added.
- The largest PENN Entertainment seller in Q3 2023 was Fidelity Investments, an estimated $111M sold.
Based on aggregated 13F filings for Q3 2023.