PENN Entertainment
PENN
284 hedge funds and large institutions have $1.25B invested in PENN Entertainment in 2020 Q1 according to their latest regulatory filings, with 106 funds opening new positions, 73 increasing their positions, 78 reducing their positions, and 55 closing their positions.
93% more first-time investments, than exits
New positions opened: 106 | Existing positions closed: 55
20% more funds holding
Funds holding: 236 → 284 (+48)
6% less repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 78
10.87% less ownership
Funds ownership: 94.31% → 83.45% (-11%)
24% less call options, than puts
Call options by funds: $40.7M | Put options by funds: $53.4M
55% less capital invested
Capital invested by funds: $2.79B → $1.25B (-$1.55B)
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| 1 |
EC
Eminence Capital
New York
|
+$54.7M |
| 2 |
BAMCO Inc
New York
|
+$32.8M |
| 3 |
JP Morgan Chase
New York
|
+$16.3M |
| 4 |
Renaissance Technologies
New York
|
+$13.8M |
| 5 |
IP
Interval Partners
New York
|
+$12.5M |
Top Sellers
| 1 |
N
Nuveen
Charlotte,
North Carolina
|
-$134M |
| 2 |
HVCM
HG Vora Capital Management
New York
|
-$51.1M |
| 3 |
CCM
Channing Capital Management
Chicago,
Illinois
|
-$43.9M |
| 4 |
Bank of New York Mellon
New York
|
-$35.8M |
| 5 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$27.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HGWM
326
Harvest Group Wealth Management
Waltham,
Massachusetts
| – | -$8.54K | -340 | -96% |
|
|
ASN
327
Advisory Services Network
Atlanta,
Georgia
| – | -$8K | -298 | Closed |
|
|
BCI
328
Brinker Capital Investments
Berwyn,
Pennsylvania
| – | -$6K | -243 | Closed |
|
|
IUHSA
329
Itau Unibanco Holding S.A.
Sao Paulo,
Brazil
| – | -$4K | -152 | Closed |
|
|
VCM
330
Versant Capital Management
Phoenix,
Arizona
| – | -$2.01K | -80 | -96% |
|
|
AWA
331
Arkadios Wealth Advisors
Atlanta,
Georgia
| – | -$2.95K | -77 | Closed |
|
|
BCA
332
Berman Capital Advisors
Atlanta,
Georgia
| – | -$1K | -65 | Closed |
|
333
AssetMark Inc
Concord,
California
| – | -$1.16K | -46 | -56% |
|
|
CFA
334
Carroll Financial Associates
Charlotte,
North Carolina
| – | +$75 | +3 | New |
|
|
PA
335
Parallel Advisors
San Francisco,
California
| – | +$126 | +5 | New |
|
|
HIA
336
Harbor Investment Advisory
Lutherville,
Maryland
| – | +$251 | +10 | New |
|
|
NC
337
NewSquare Capital
Newtown Square,
Pennsylvania
| – | +$880 | +35 | New |
|
PENN Hedge Fund Activity: Q1 2020 in Review
284 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q1 2020, worth a combined $1.25B — down 55% from $2.79B a quarter earlier.
Buyers outnumbered sellers: 106 funds opened new PENN positions and 55 closed out — a net gain of 51 holders — while 73 added to existing stakes and 78 trimmed.
The largest buyer was Eminence Capital, opening a new position worth an estimated $54.7M. The largest seller was Nuveen, cutting an estimated $134M.
- 284 institutional investors held PENN Entertainment (PENN) as of Q1 2020, up from 236 in Q4 2019.
- Funds reported $1.25B of PENN Entertainment stock for Q1 2020, down 55% quarter-over-quarter.
- 106 funds opened new PENN Entertainment positions in Q1 2020 and 55 closed out, a net change of +51 holders.
- The largest PENN Entertainment buyer in Q1 2020 was Eminence Capital, an estimated $54.7M added.
- The largest PENN Entertainment seller in Q1 2020 was Nuveen, an estimated $134M sold.
Based on aggregated 13F filings for Q1 2020.