PENN Entertainment
PENN
444 hedge funds and large institutions have $3.65B invested in PENN Entertainment in 2022 Q3 according to their latest regulatory filings, with 51 funds opening new positions, 124 increasing their positions, 159 reducing their positions, and 95 closing their positions.
4.33% more ownership
Funds ownership: 79.46% → 83.79% (+4.3%)
2% less call options, than puts
Call options by funds: $121M | Put options by funds: $123M
9% less capital invested
Capital invested by funds: $4.03B → $3.65B (-$374M)
10% less funds holding
Funds holding: 494 → 444 (-50)
22% less repeat investments, than reductions
Existing positions increased: 124 | Existing positions reduced: 159
25% less funds holding in top 10
Funds holding in top 10: 8 → 6 (-2)
46% less first-time investments, than exits
New positions opened: 51 | Existing positions closed: 95
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$148M |
| 2 |
BlackRock
New York
|
+$140M |
| 3 |
HVCM
HG Vora Capital Management
New York
|
+$129M |
| 4 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$18.5M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$17.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$108M |
| 2 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
-$66M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$49M |
| 4 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
-$46.4M |
| 5 |
LPC
Long Pond Capital
New York
|
-$39M |
PENN Hedge Fund Activity: Q3 2022 in Review
444 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q3 2022, worth a combined $3.65B — down 9.3% from $4.03B a quarter earlier.
Sellers outnumbered buyers: 95 funds closed out of PENN and 51 opened new positions — a net loss of 44 holders — while 159 trimmed existing stakes and 124 added.
The largest buyer was Goldman Sachs, adding an estimated $148M. The largest seller was Vanguard Group, cutting an estimated $108M.
- 444 institutional investors held PENN Entertainment (PENN) as of Q3 2022, down from 494 in Q2 2022.
- Funds reported $3.65B of PENN Entertainment stock for Q3 2022, down 9.3% quarter-over-quarter.
- 51 funds opened new PENN Entertainment positions in Q3 2022 and 95 closed out, a net change of -44 holders.
- The largest PENN Entertainment buyer in Q3 2022 was Goldman Sachs, an estimated $148M added.
- The largest PENN Entertainment seller in Q3 2022 was Vanguard Group, an estimated $108M sold.
Based on aggregated 13F filings for Q3 2022.