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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
PGAM
351
Princeton Global Asset Management
New Jersey
$1.37K +$1.55K +75 New
CPG
352
Cornerstone Planning Group
New Jersey
$1.26K
CWA
353
Carolina Wealth Advisors
South Carolina
$1.09K
AIC
354
Archer Investment Corporation
Indiana
$1.07K
TC
355
Trust Company
Kansas
$1.06K
FMP
356
Financial Management Professionals
Texas
$1K +$310 +15 +36%
CFB
357
Cullen/Frost Bankers
Texas
$983
NECFA
358
New England Capital Financial Advisors
Connecticut
$911
SIM
359
Studio Investment Management
Illinois
$911
GIA
360
GHP Investment Advisors
Colorado
$820
CAM
361
Chesapeake Asset Management
New York
$783
CFO
362
CVA Family Office
Colorado
$765
TCM
363
TruNorth Capital Management
Michigan
$747 +$847 +41 New
Jones Financial Companies
364
Jones Financial Companies
Missouri
$637 -$1.38K -67 -66%
SC
365
SouthState Corp
Florida
$619 +$289 +14 +70%
CIAS
366
CBIZ Investment Advisory Services
Ohio
$546 +$619 +30 New
SAM
367
Smartleaf Asset Management
Massachusetts
$512 +$558 +27 +2,700%
RA
368
Rise Advisors
New York
$455
DJSG
369
D.J. St. Germain
Massachusetts
$419
DSC
370
Duncker Streett & Co
Missouri
$401
CFFP
371
Center for Financial Planning
Michigan
$365
Toronto Dominion Bank
372
Toronto Dominion Bank
Ontario, Canada
$364 -$41.3M -2,000,004 -100%
RFG
373
REAP Financial Group
Texas
$364
RA
374
Ransom Advisory
Rhode Island
$364 +$413 +20 New
CWM
375
CarsonAllaria Wealth Management
Illinois
$291

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.