PENN Entertainment
PENN
230 hedge funds and large institutions have $2.76B invested in PENN Entertainment in 2017 Q4 according to their latest regulatory filings, with 51 funds opening new positions, 65 increasing their positions, 79 reducing their positions, and 33 closing their positions.
858% more call options, than puts
Call options by funds: $25.2M | Put options by funds: $2.63M
55% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 33
30% more capital invested
Capital invested by funds: $2.12B → $2.76B (+$634M)
8% more funds holding
Funds holding: 212 → 230 (+18)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.27% less ownership
Funds ownership: 99.36% → 99.09% (-0.27%)
18% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 79
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$40.3M |
| 2 |
HAI
Hennessy Advisors Inc
Novato,
California
|
+$30.4M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$28.5M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$28.2M |
| 5 |
Morgan Stanley
New York
|
+$24.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
-$114M |
| 2 |
EARNEST Partners
Atlanta,
Georgia
|
-$39.4M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$18.4M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
-$18.3M |
| 5 |
Bank of New York Mellon
New York
|
-$15.7M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
N
251
Natixis
Paris,
France
| – | -$332K | -14,191 | Closed |
|
252
D.E. Shaw & Co
New York
| – | -$299K | -12,786 | Closed |
|
|
COI
253
Connable Office Inc
Kalamazoo,
Michigan
| – | -$276K | -11,779 | Closed |
|
254
CIBC Asset Management
Toronto,
Ontario, Canada
| – | -$251K | -10,749 | Closed |
|
|
EGM
255
Engineers Gate Manager
New York
| – | -$247K | -10,567 | Closed |
|
|
TRCT
256
Tower Research Capital (TRC)
New York
| – | -$229K | -9,779 | Closed |
|
257
Verition Fund Management
Greenwich,
Connecticut
| – | -$215K | -9,190 | Closed |
|
|
OAM
258
Oppenheimer Asset Management
New York
| – | -$105K | -4,491 | Closed |
|
|
TDC
259
Thompson Davis & Co
Richmond,
Virginia
| – | -$25K | -1,051 | Closed |
|
|
LWA
260
Lenox Wealth Advisors
New York
| – | -$3K | -117 | Closed |
|
|
FQ
261
First Quadrant
Glendale,
California
| – | +$189 | +7 | New |
|
PENN Hedge Fund Activity: Q4 2017 in Review
230 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q4 2017, worth a combined $2.76B — up 30% from $2.12B a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new PENN positions and 33 closed out — a net gain of 18 holders — while 65 added to existing stakes and 79 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $40.3M. The largest seller was HG Vora Capital Management, cutting an estimated $114M.
- 230 institutional investors held PENN Entertainment (PENN) as of Q4 2017, up from 212 in Q3 2017.
- Funds reported $2.76B of PENN Entertainment stock for Q4 2017, up 30% quarter-over-quarter.
- 51 funds opened new PENN Entertainment positions in Q4 2017 and 33 closed out, a net change of +18 holders.
- The largest PENN Entertainment buyer in Q4 2017 was Goldman Sachs, an estimated $40.3M added.
- The largest PENN Entertainment seller in Q4 2017 was HG Vora Capital Management, an estimated $114M sold.
Based on aggregated 13F filings for Q4 2017.