PENN Entertainment
PENN
493 hedge funds and large institutions have $12.2B invested in PENN Entertainment in 2020 Q4 according to their latest regulatory filings, with 124 funds opening new positions, 168 increasing their positions, 148 reducing their positions, and 67 closing their positions.
85% more first-time investments, than exits
New positions opened: 124 | Existing positions closed: 67
39% more call options, than puts
Call options by funds: $755M | Put options by funds: $542M
23% more capital invested
Capital invested by funds: $9.95B → $12.2B (+$2.25B)
14% more repeat investments, than reductions
Existing positions increased: 168 | Existing positions reduced: 148
12% more funds holding
Funds holding: 439 → 493 (+54)
1.54% more ownership
Funds ownership: 89.65% → 91.19% (+1.5%)
39% less funds holding in top 10
Funds holding in top 10: 18 → 11 (-7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$185M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$92.4M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$65.5M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$52.9M |
| 5 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$46.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$58.1M |
| 2 |
Voloridge Investment Management
Jupiter,
Florida
|
-$49.9M |
| 3 |
CCM
CAAS Capital Management
New York
|
-$42M |
| 4 |
JCAM
Jericho Capital Asset Management
New York
|
-$41M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$35.4M |
PENN Hedge Fund Activity: Q4 2020 in Review
493 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q4 2020, worth a combined $12.2B — up 23% from $9.95B a quarter earlier.
Buyers outnumbered sellers: 124 funds opened new PENN positions and 67 closed out — a net gain of 57 holders — while 168 added to existing stakes and 148 trimmed.
The largest buyer was BlackRock, adding an estimated $185M. The largest seller was Lord, Abbett & Co, cutting an estimated $58.1M.
- 493 institutional investors held PENN Entertainment (PENN) as of Q4 2020, up from 439 in Q3 2020.
- Funds reported $12.2B of PENN Entertainment stock for Q4 2020, up 23% quarter-over-quarter.
- 124 funds opened new PENN Entertainment positions in Q4 2020 and 67 closed out, a net change of +57 holders.
- The largest PENN Entertainment buyer in Q4 2020 was BlackRock, an estimated $185M added.
- The largest PENN Entertainment seller in Q4 2020 was Lord, Abbett & Co, an estimated $58.1M sold.
Based on aggregated 13F filings for Q4 2020.