PENN Entertainment
PENN
393 hedge funds and large institutions have $2.86B invested in PENN Entertainment in 2024 Q3 according to their latest regulatory filings, with 66 funds opening new positions, 99 increasing their positions, 125 reducing their positions, and 52 closing their positions.
55% more call options, than puts
Call options by funds: $292M | Put options by funds: $188M
27% more first-time investments, than exits
New positions opened: 66 | Existing positions closed: 52
13% more funds holding in top 10
Funds holding in top 10: 8 → 9 (+1)
3% more funds holding
Funds holding: 381 → 393 (+12)
2.98% less ownership
Funds ownership: 102.2% → 99.22% (-3%)
5% less capital invested
Capital invested by funds: $3.02B → $2.86B (-$158M)
21% less repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 125
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
+$47.4M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$35.6M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$28.1M |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$24.7M |
| 5 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$20.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$85.9M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$54.4M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
-$25.6M |
| 4 |
IG
ING Group
Amsterdam,
Netherlands
|
-$25.2M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$23.8M |
PENN Hedge Fund Activity: Q3 2024 in Review
393 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q3 2024, worth a combined $2.86B — down 5.3% from $3.02B a quarter earlier.
Buyers outnumbered sellers: 66 funds opened new PENN positions and 52 closed out — a net gain of 14 holders — while 99 added to existing stakes and 125 trimmed.
The largest buyer was Nomura Holdings, adding an estimated $47.4M. The largest seller was JP Morgan Chase, cutting an estimated $85.9M.
- 393 institutional investors held PENN Entertainment (PENN) as of Q3 2024, up from 381 in Q2 2024.
- Funds reported $2.86B of PENN Entertainment stock for Q3 2024, down 5.3% quarter-over-quarter.
- 66 funds opened new PENN Entertainment positions in Q3 2024 and 52 closed out, a net change of +14 holders.
- The largest PENN Entertainment buyer in Q3 2024 was Nomura Holdings, an estimated $47.4M added.
- The largest PENN Entertainment seller in Q3 2024 was JP Morgan Chase, an estimated $85.9M sold.
Based on aggregated 13F filings for Q3 2024.