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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
ASN
451
Advisory Services Network
Georgia
-$50.4K -1,936 Closed
HIA
452
Harbor Investment Advisory
Maryland
-$31.7K -1,220 Closed
GWS
453
Glassman Wealth Services
Virginia
-$25.4K -976 Closed
GWMIA
454
Global Wealth Management Investment Advisory
Florida
-$19.5K -750 Closed
Loomis, Sayles & Company
455
Loomis, Sayles & Company
Massachusetts
-$16K -603 Closed
AWM
456
Able Wealth Management
New Jersey
-$7.81K -300 Closed
BHWM
457
Beaird Harris Wealth Management
Texas
-$7.63K -293 Closed
TWM
458
Tradition Wealth Management
Minnesota
-$7K -280 Closed
Bessemer Group
459
Bessemer Group
New Jersey
-$5.51K -267 -95%
MIFH
460
Migdal Insurance & Financial Holdings
Israel
-$7K -264 Closed
FBC
461
Fairfield, Bush & Co
Connecticut
-$6.63K -255 Closed
IRAG
462
Investment Research & Advisory Group
Georgia
-$6.5K -250 Closed
TVAMP
463
Tennessee Valley Asset Management Partners
Tennessee
-$4.87K -187 Closed
ODG
464
O'Dell Group
Ohio
-$4.76K -183 Closed
JWA
465
JFS Wealth Advisors
Pennsylvania
-$2.68K -103 Closed
MBFW
466
Morton Brown Family Wealth
Pennsylvania
-$2.6K -100 Closed
SA
467
Scarborough Advisors
Maryland
-$2.32K -89 Closed
MSWM
468
McGlone Suttner Wealth Management
Wisconsin
-$2.08K -80 Closed
RIM
469
Rockbridge Investment Management
New York
-$1.95K -75 Closed
NS
470
NBC Securities
Alabama
-$1K -65 Closed
VWM
471
Venturi Wealth Management
Texas
-$1.33K -51 Closed
AT
472
Arlington Trust
Alabama
-$1.3K -50 Closed
AW
473
Avion Wealth
Texas
-$1K -45 Closed
GI
474
Gradient Investments
Minnesota
-$781 -30 Closed
RCM
475
Raleigh Capital Management
North Carolina
-$347 -13 Closed

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.