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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
CCMW
276
Cypress Capital Management (Wyoming)
Wyoming
$19.2K
CSC
277
Caldwell Sutter Capital
California
$18.2K +$20.6K +1,000 New
FIM
278
Fernwood Investment Management
Massachusetts
$18.2K +$20.6K +1,000 New
PTC
279
Private Trust Company
Ohio
$18.1K
NA
280
NewEdge Advisors
Louisiana
$17.8K +$2.29K +111 +13%
GWSG
281
GPS Wealth Strategies Group
Colorado
$17.3K
Allspring Global Investments
282
Allspring Global Investments
North Carolina
$16.5K -$207K -10,048 -92%
PAM
283
Paradigm Asset Management
New York
$16.1K
HCP
284
Hexagon Capital Partners
Arkansas
$16K +$10.3K +500 +133%
HPC
285
HM Payson & Co
Maine
$15.5K -$52.7K -2,550 -75%
RAM
286
Riggs Asset Management
Pennsylvania
$14.6K
IA
287
IFP Advisors
Florida
$13.9K +$4.32K +209 +38%
GRP
288
Global Retirement Partners
California
$13.1K -$8.45K -409 -36%
PS
289
Principal Securities
Iowa
$12.8K +$619 +30 +4%
QCG
290
Quadrant Capital Group
Ohio
$12.2K -$10.4K -504 -43%
CIBC Private Wealth Group
291
CIBC Private Wealth Group
Georgia
$12.1K +$13.7K +662 New
BEI
292
Benjamin Edwards Inc
Missouri
$12K -$11K -531 -45%
AF
293
Advisornet Financial
Minnesota
$10.2K -$1.43K -69 -11%
WT
294
Whittier Trust
California
$9.39K -$24.4K -1,180 -70%
HWM
295
HighMark Wealth Management
Minnesota
$9.2K
AIM
296
Anchor Investment Management
South Carolina
$9.11K -$5.16K -250 -33%
ACM
297
Accent Capital Management
Ohio
$9.11K
NFSG
298
Newbridge Financial Services Group
Florida
$9.11K +$6.77K +328 +191%
SWM
299
Spire Wealth Management
Virginia
$8.74K
S
300
Sachetta
Massachusetts
$8.64K

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.