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PENN Entertainment

405 hedge funds and large institutions have $2.69B invested in PENN Entertainment in 2024 Q1 according to their latest regulatory filings, with 62 funds opening new positions, 110 increasing their positions, 137 reducing their positions, and 78 closing their positions.

New
Increased
Maintained
Reduced
Closed

91% more call options, than puts

Call options by funds: $248M | Put options by funds: $130M

20% more funds holding in top 10

Funds holding in top 10: 56 (+1)

4.95% more ownership

Funds ownership: 92.24%97.19% (+4.9%)

5% less funds holding

Funds holding: 426405 (-21)

20% less repeat investments, than reductions

Existing positions increased: 110 | Existing positions reduced: 137

21% less first-time investments, than exits

New positions opened: 62 | Existing positions closed: 78

26% less capital invested

Capital invested by funds: $3.64B → $2.69B (-$948M)

Holders
405
Holders Change
-21
Holders Change %
-4.93%
% of All Funds
5.83%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.09%
New
62
Increased
110
Reduced
137
Closed
78
Calls
$248M
Puts
$130M
Net Calls
+$118M
Net Calls Change
+$29M
Name Holding Trade Value Shares
Change
Change in
Stake
PNC Financial Services Group
226
PNC Financial Services Group
Pennsylvania
$233K -$23.1K -1,120 -8%
Prudential Financial
227
Prudential Financial
New Jersey
$232K -$812K -39,333 -76%
Creative Planning
228
Creative Planning
Kansas
$232K -$18.8K -909 -7%
PP
229
Paloma Partners
Connecticut
$228K +$259K +12,543 New
ECG
230
Edge Capital Group
Georgia
$224K
SAM
231
Securian Asset Management
Minnesota
$223K -$11.2K -540 -4%
COI
232
Connable Office Inc
Michigan
$221K
AWA
233
Aaron Wealth Advisors
Illinois
$220K -$10.9K -530 -4%
AAS
234
Avantax Advisory Services
Texas
$215K -$163K -7,917 -40%
BRWA
235
B. Riley Wealth Advisors
Florida
$208K -$13.1K -632 -7%
USAA
236
United Services Automobile Association
Texas
$206K
PTC
237
Petrus Trust Company
Texas
$205K +$232K +11,253 New
MSRPS
238
Maryland State Retirement & Pension System
Maryland
$200K
Focus Partners Wealth
239
Focus Partners Wealth
Massachusetts
$197K +$224K +10,845 New
TRCT
240
Tower Research Capital (TRC)
New York
$189K -$201K -9,713 -48%
VPIM
241
Vanguard Personalized Indexing Management
California
$187K -$225K -10,879 -51%
SPIA
242
Steward Partners Investment Advisory
New York
$184K -$13.4K -647 -6%
ACM
243
Adalta Capital Management
New York
$164K
Federated Hermes
244
Federated Hermes
Pennsylvania
$155K -$215K -10,408 -55%
BTI
245
Blue Trust Inc
Georgia
$155K +$64.7K +3,131 +58%
CG
246
Cutler Group
California
$151K -$1.5M -72,484 -90%
AF
247
Allworth Financial
California
$138K -$2.15K -104 -1%
SS
248
Sunbelt Securities
Texas
$119K
CM
249
Caption Management
Oklahoma
$107K -$103K -5,000 -46%
US Bancorp
250
US Bancorp
Minnesota
$86.1K -$7.91K -383 -7%

PENN Hedge Fund Activity: Q1 2024 in Review

405 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q1 2024, worth a combined $2.69B — down 26% from $3.64B a quarter earlier.

Sellers outnumbered buyers: 78 funds closed out of PENN and 62 opened new positions — a net loss of 16 holders — while 137 trimmed existing stakes and 110 added.

The largest buyer was Shapiro Capital Management, adding an estimated $186M. The largest seller was BAMCO Inc, cutting an estimated $98.9M.

  • 405 institutional investors held PENN Entertainment (PENN) as of Q1 2024, down from 426 in Q4 2023.
  • Funds reported $2.69B of PENN Entertainment stock for Q1 2024, down 26% quarter-over-quarter.
  • 62 funds opened new PENN Entertainment positions in Q1 2024 and 78 closed out, a net change of -16 holders.
  • The largest PENN Entertainment buyer in Q1 2024 was Shapiro Capital Management, an estimated $186M added.
  • The largest PENN Entertainment seller in Q1 2024 was BAMCO Inc, an estimated $98.9M sold.

Based on aggregated 13F filings for Q1 2024.