PENN Entertainment
PENN
394 hedge funds and large institutions have $3.03B invested in PENN Entertainment in 2023 Q2 according to their latest regulatory filings, with 45 funds opening new positions, 102 increasing their positions, 143 reducing their positions, and 82 closing their positions.
24% more call options, than puts
Call options by funds: $113M | Put options by funds: $91.1M
5.44% less ownership
Funds ownership: 87.38% → 81.94% (-5.4%)
9% less funds holding
Funds holding: 433 → 394 (-39)
23% less capital invested
Capital invested by funds: $3.95B → $3.03B (-$919M)
29% less repeat investments, than reductions
Existing positions increased: 102 | Existing positions reduced: 143
45% less first-time investments, than exits
New positions opened: 45 | Existing positions closed: 82
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Long Pond Capital
New York
|
+$82.6M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$39.9M |
| 3 |
Nomura Holdings
Tokyo,
Japan
|
+$33.2M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$16.7M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$15.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$113M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$53.5M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$34.5M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$29.5M |
| 5 |
Morgan Stanley
New York
|
-$22M |
PENN Hedge Fund Activity: Q2 2023 in Review
394 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q2 2023, worth a combined $3.03B — down 23% from $3.95B a quarter earlier.
Sellers outnumbered buyers: 82 funds closed out of PENN and 45 opened new positions — a net loss of 37 holders — while 143 trimmed existing stakes and 102 added.
The largest buyer was Long Pond Capital, opening a new position worth an estimated $82.6M. The largest seller was Goldman Sachs, cutting an estimated $113M.
- 394 institutional investors held PENN Entertainment (PENN) as of Q2 2023, down from 433 in Q1 2023.
- Funds reported $3.03B of PENN Entertainment stock for Q2 2023, down 23% quarter-over-quarter.
- 45 funds opened new PENN Entertainment positions in Q2 2023 and 82 closed out, a net change of -37 holders.
- The largest PENN Entertainment buyer in Q2 2023 was Long Pond Capital, an estimated $82.6M added.
- The largest PENN Entertainment seller in Q2 2023 was Goldman Sachs, an estimated $113M sold.
Based on aggregated 13F filings for Q2 2023.