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PENN Entertainment
PENN

439 hedge funds and large institutions have $9.95B invested in PENN Entertainment in 2020 Q3 according to their latest regulatory filings, with 146 funds opening new positions, 132 increasing their positions, 120 reducing their positions, and 42 closing their positions.

New
Increased
Maintained
Reduced
Closed

248% more first-time investments, than exits

New positions opened: 146 | Existing positions closed: 42

166% more capital invested

Capital invested by funds: $3.74B → $9.95B (+$6.22B)

157% more funds holding in top 10

Funds holding in top 10: 7 → 18 (+11)

29% more funds holding

Funds holding: 339 → 439 (+100)

21% more call options, than puts

Call options by funds: $736M | Put options by funds: $608M

10% more repeat investments, than reductions

Existing positions increased: 132 | Existing positions reduced: 120

2.09% less ownership

Funds ownership: 91.75% → 89.65% (-2.1%)

Holders
439
Holders Change
+100
Holders Change %
+29.5%
% of All Funds
8.86%
Holding in Top 10
18
Holding in Top 10 Change
+11
Holding in Top 10 Change %
+157.14%
% of All Funds
0.36%
New
146
Increased
132
Reduced
120
Closed
42
Calls
$736M
Puts
$608M
Net Calls
+$128M
Net Calls Change
+$106M

Top Buyers

Rank Fund Capital Flow
1
WRCM
Whale Rock Capital Management
Massachusetts
+$285M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$178M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$130M
4
BlackRock
BlackRock
New York
+$54M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$51.8M

Top Sellers

Rank Fund Capital Flow
1
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$98.8M
2
JCAM
Jericho Capital Asset Management
New York
-$82.7M
3
Citadel Advisors
Citadel Advisors
Florida
-$41.9M
4
GT
Glenmede Trust
Pennsylvania
-$38.2M
5
Jennison Associates
Jennison Associates
New York
-$28.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
PAI
426
Pittenger & Anderson Inc
Nebraska
$1K +$736 +15 New
TFGT
427
TS Financial Group (TSFG)
Illinois
$1K +$736 +15 New
ABC
428
Associated Banc-Corp
Wisconsin
$1K +$981 +20 New
GEA
429
Glen Eagle Advisors
New Jersey
$872 – – –
SXL
430
Summit X LLC
Missouri
$436 +$127K +2,590 New
WIM
431
Westside Investment Management
California
$290 -$172K -3,500 -47%
FCA
432
FinTrust Capital Advisors
South Carolina
$15 +$9.81K +200 New
BCPEMI
433
Bain Capital Public Equity Management II
Massachusetts
– -$20.2M -662,491 Closed
Balyasny Asset Management
434
Balyasny Asset Management
Illinois
– -$15.8M -518,333 Closed
SAM
435
Scopus Asset Management
New York
– -$15.3M -500,000 Closed
CHP
436
Castle Hook Partners
New York
– -$5.18M -169,549 Closed
Nomura Holdings
437
Nomura Holdings
Japan
– -$4.97M -101,258 Closed
AC
438
Antara Capital
New York
– -$3.05M -100,000 Closed
First Trust Advisors
439
First Trust Advisors
Illinois
– -$2.89M -94,740 Closed
CC
440
Cipher Capital
New York
– -$2.55M -83,492 Closed
CRC
441
Curi RMB Capital
Illinois
– -$1.41M -46,297 Closed
BPM
442
Bowling Portfolio Management
Ohio
– -$1.35M -44,296 Closed
VF
443
Virtu Financial
New York
– -$883K -28,905 Closed
FFH
444
Fairfax Financial Holdings
Ontario, Canada
– -$611K -20,000 Closed
Man Group
445
Man Group
United Kingdom
– -$573K -18,762 Closed
JCM
446
JS Capital Management
New York
– -$464K -15,200 Closed
CL
447
CSS LLC
Illinois
– -$458K -15,000 Closed
Verition Fund Management
448
Verition Fund Management
Connecticut
– -$439K -14,368 Closed
Canada Pension Plan Investment Board
449
Canada Pension Plan Investment Board
Ontario, Canada
– -$418K -13,695 Closed
PRC
450
Pearl River Capital
Michigan
– -$392K -12,836 Closed
16 17
18
19 20

PENN Hedge Fund Activity: Q3 2020 in Review

439 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q3 2020, worth a combined $9.95B — up 166% from $3.74B a quarter earlier.

Buyers outnumbered sellers: 146 funds opened new PENN positions and 42 closed out — a net gain of 104 holders — while 132 added to existing stakes and 120 trimmed.

The largest buyer was Whale Rock Capital Management, opening a new position worth an estimated $285M. The largest seller was Arrowstreet Capital, cutting an estimated $98.8M.

  • 439 institutional investors held PENN Entertainment (PENN) as of Q3 2020, up from 339 in Q2 2020.
  • Funds reported $9.95B of PENN Entertainment stock for Q3 2020, up 166% quarter-over-quarter.
  • 146 funds opened new PENN Entertainment positions in Q3 2020 and 42 closed out, a net change of +104 holders.
  • The largest PENN Entertainment buyer in Q3 2020 was Whale Rock Capital Management, an estimated $285M added.
  • The largest PENN Entertainment seller in Q3 2020 was Arrowstreet Capital, an estimated $98.8M sold.

Based on aggregated 13F filings for Q3 2020.