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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
PWMG
326
Prestige Wealth Management Group
New Jersey
$3.13K +$2.99K +145 +537%
CA
327
Centerpoint Advisors
Massachusetts
$3K
ST
328
Smithfield Trust
Pennsylvania
$3K +$1.59K +77 +55%
GWM
329
Geneos Wealth Management
Colorado
$2.75K
WT
330
Washington Trust
Rhode Island
$2.68K -$103 -5 -3%
NC
331
NewSquare Capital
Pennsylvania
$2.62K
Mitsubishi UFJ Asset Management
332
Mitsubishi UFJ Asset Management
Japan
$2.57K
CA
333
Clearstead Advisors
Ohio
$2.38K -$12.4K -602 -80%
SWA
334
SOA Wealth Advisors
New York
$2.33K
MAWCM
335
Mine & Arao Wealth Creation & Management
California
$2.28K
MIM
336
Manitou Investment Management
Ontario, Canada
$2.17K
TFGT
337
TS Financial Group (TSFG)
Illinois
$2K -$4.13K -200 -67%
PWMG
338
Private Wealth Management Group
New Jersey
$1.91K -$3.76K -182 -63%
WBC
339
West Branch Capital
Massachusetts
$1.91K
CWP
340
Concord Wealth Partners
Virginia
$1.86K
PFBT
341
Parkside Financial Bank & Trust
Missouri
$1.84K +$847 +41 +68%
IGWM
342
ICA Group Wealth Management
Colorado
$1.82K -$723 -35 -26%
IWP
343
IAG Wealth Partners
Wisconsin
$1.82K
OPTFSNA
344
Old Point Trust & Financial Services N A
Virginia
$1.82K +$2.06K +100 New
BIA
345
Bell Investment Advisors
California
$1.77K -$434 -21 -18%
VAG
346
VisionPoint Advisory Group
Texas
$1.69K
UB
347
UMB Bank
Missouri
$1.53K -$1.07K -52 -38%
ACA
348
American Capital Advisory
Idaho
$1.48K +$1.03K +50 New
EWA
349
EverSource Wealth Advisors
Alabama
$1.42K -$16.1K -781 -90%
CIA
350
Cape Investment Advisory
Georgia
$1.37K -$10.3K -500 -87%

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.