PENN Entertainment
PENN
239 hedge funds and large institutions have $2.07B invested in PENN Entertainment in 2018 Q4 according to their latest regulatory filings, with 50 funds opening new positions, 108 increasing their positions, 61 reducing their positions, and 90 closing their positions.
793% more call options, than puts
Call options by funds: $55.3M | Put options by funds: $6.19M
77% more repeat investments, than reductions
Existing positions increased: 108 | Existing positions reduced: 61
9.72% less ownership
Funds ownership: 103.67% → 93.95% (-9.7%)
15% less funds holding
Funds holding: 281 → 239 (-42)
34% less capital invested
Capital invested by funds: $3.15B → $2.07B (-$1.08B)
44% less first-time investments, than exits
New positions opened: 50 | Existing positions closed: 90
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$85.1M |
| 2 |
BlackRock
New York
|
+$83.6M |
| 3 |
Goldman Sachs
New York
|
+$61.7M |
| 4 |
BHG
Blue Harbour Group
Greenwich,
Connecticut
|
+$52.2M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$45.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$61.2M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$54.6M |
| 3 |
Millennium Management
New York
|
-$54.4M |
| 4 |
MGM
Miura Global Management
New York
|
-$28.8M |
| 5 |
WCP
Waterfront Capital Partners
New York
|
-$28.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
326
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | +$285 | +12 | New |
|
PENN Hedge Fund Activity: Q4 2018 in Review
239 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q4 2018, worth a combined $2.07B — down 34% from $3.15B a quarter earlier.
Sellers outnumbered buyers: 90 funds closed out of PENN and 50 opened new positions — a net loss of 40 holders — while 61 trimmed existing stakes and 108 added.
The largest buyer was Bank of America, adding an estimated $85.1M. The largest seller was PAR Capital Management, exiting entirely with an estimated $61.2M sold.
- 239 institutional investors held PENN Entertainment (PENN) as of Q4 2018, down from 281 in Q3 2018.
- Funds reported $2.07B of PENN Entertainment stock for Q4 2018, down 34% quarter-over-quarter.
- 50 funds opened new PENN Entertainment positions in Q4 2018 and 90 closed out, a net change of -40 holders.
- The largest PENN Entertainment buyer in Q4 2018 was Bank of America, an estimated $85.1M added.
- The largest PENN Entertainment seller in Q4 2018 was PAR Capital Management, an estimated $61.2M sold.
Based on aggregated 13F filings for Q4 2018.