PENN Entertainment
PENN
359 hedge funds and large institutions have $2.6B invested in PENN Entertainment in 2025 Q2 according to their latest regulatory filings, with 53 funds opening new positions, 107 increasing their positions, 120 reducing their positions, and 78 closing their positions.
24% more call options, than puts
Call options by funds: $202M | Put options by funds: $163M
6% more capital invested
Capital invested by funds: $2.44B → $2.6B (+$157M)
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
1.52% less ownership
Funds ownership: 97.91% → 96.39% (-1.5%)
7% less funds holding
Funds holding: 388 → 359 (-29)
11% less repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 120
32% less first-time investments, than exits
New positions opened: 53 | Existing positions closed: 78
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HPC
Hill Path Capital
New York
|
+$55M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$35.3M |
| 3 |
Squarepoint
New York
|
+$20.7M |
| 4 |
DCM
DME Capital Management
New York
|
+$19.2M |
| 5 |
JGC
J. Goldman & Co
New York
|
+$19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
-$55.6M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$35.2M |
| 3 |
CGH
Contrarius Group Holdings
Hamilton,
Bermuda
|
-$27.3M |
| 4 |
AC
Armistice Capital
New York
|
-$26.2M |
| 5 |
Man Group
London,
United Kingdom
|
-$24.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FHA
426
First Horizon Advisors
Memphis,
Tennessee
| – | -$391 | -24 | Closed |
|
|
DSC
427
Duncker Streett & Co
St. Louis,
Missouri
| – | -$359 | -22 | Closed |
|
|
TSMHT
428
Thurston Springer Miller Herd & Titak
Indianapolis,
Indiana
| – | -$309 | -19 | Closed |
|
|
TPCW
429
TD Private Client Wealth
New York
| – | -$130 | -8 | Closed |
|
430
AssetMark Inc
Concord,
California
| – | -$98 | -6 | Closed |
|
|
MCM
431
MV Capital Management
Bethesda,
Maryland
| – | -$82 | -5 | Closed |
|
|
WPA
432
West Paces Advisors
Atlanta,
Georgia
| – | -$49 | -3 | Closed |
|
|
HHGA
433
Halbert Hargrove Global Advisors
Long Beach,
California
| – | -$33 | -2 | Closed |
|
PENN Hedge Fund Activity: Q2 2025 in Review
359 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q2 2025, worth a combined $2.6B — up 6.4% from $2.44B a quarter earlier.
Sellers outnumbered buyers: 78 funds closed out of PENN and 53 opened new positions — a net loss of 25 holders — while 120 trimmed existing stakes and 107 added.
The largest buyer was Hill Path Capital, opening a new position worth an estimated $55M. The largest seller was Nomura Holdings, cutting an estimated $55.6M.
- 359 institutional investors held PENN Entertainment (PENN) as of Q2 2025, down from 388 in Q1 2025.
- Funds reported $2.6B of PENN Entertainment stock for Q2 2025, up 6.4% quarter-over-quarter.
- 53 funds opened new PENN Entertainment positions in Q2 2025 and 78 closed out, a net change of -25 holders.
- The largest PENN Entertainment buyer in Q2 2025 was Hill Path Capital, an estimated $55M added.
- The largest PENN Entertainment seller in Q2 2025 was Nomura Holdings, an estimated $55.6M sold.
Based on aggregated 13F filings for Q2 2025.