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PENN Entertainment
PENN

201 hedge funds and large institutions have $1.16B invested in PENN Entertainment in 2016 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 63 increasing their positions, 63 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

3,619% more call options, than puts

Call options by funds: $28.3M | Put options by funds: $760K

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

31% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 26

3% more funds holding

Funds holding: 195 → 201 (+6)

0% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 63

14% less capital invested

Capital invested by funds: $1.35B → $1.16B (-$189M)

Holders
201
Holders Change
+6
Holders Change %
+3.08%
% of All Funds
5.36%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.11%
New
34
Increased
63
Reduced
63
Closed
26
Calls
$28.3M
Puts
$760K
Net Calls
+$27.5M
Net Calls Change
+$11.5M

Top Buyers

1
CIP
Chartwell Investment Partners
Pennsylvania
+$28.4M
2
RIM
RS Investment Management
California
+$25.4M
3
WRF
Waddell & Reed Financial
Kansas
+$18.9M
4
Millennium Management
Millennium Management
New York
+$16.7M
5
HVCM
HG Vora Capital Management
New York
+$15.7M

Top Sellers

1
HCM
Highline Capital Management
New York
-$30.9M
2
FAM
Fred Alger Management
New York
-$22.2M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$21.7M
4
PCM
PAR Capital Management
Massachusetts
-$15.7M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$13.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
MP
26
Manikay Partners
New York
$13.9M -$32.9K -2,100 -0.2%
Two Sigma Investments
27
Two Sigma Investments
New York
$13.3M +$10.1M +644,225 +210%
Northern Trust
28
Northern Trust
Illinois
$12.3M +$486K +31,054 +4%
EMFAT
29
Emerald Mutual Fund Advisers Trust
Pennsylvania
$11.3M +$2.11M +134,590 +20%
Dimensional Fund Advisors
30
Dimensional Fund Advisors
Texas
$10.8M -$89.7K -5,732 -0.7%
DC
31
Davenport & Co
Virginia
$10.1M -$2.35M -149,992 -17%
CP
32
Covalent Partners
Massachusetts
$10.1M -$1.55M -98,962 -12%
Fidelity Investments
33
Fidelity Investments
Massachusetts
$9.21M – – –
Bank of New York Mellon
34
Bank of New York Mellon
New York
$8.13M -$3.87K -247 -0%
Two Sigma Advisers
35
Two Sigma Advisers
New York
$8.08M +$2.09M +133,400 +30%
New York State Common Retirement Fund
36
New York State Common Retirement Fund
New York
$7.91M +$624K +39,852 +8%
HIM
37
Hanlon Investment Management
New Jersey
$7.5M +$8.44K +539 +0.1%
Geode Capital Management
38
Geode Capital Management
Massachusetts
$7.27M -$77.9K -4,979 -0.9%
PPA
39
Parametric Portfolio Associates
Washington
$7.03M -$1.77M -113,243 -18%
Citadel Advisors
40
Citadel Advisors
Florida
$6.92M +$2.73M +174,639 +54%
SFM
41
Systematic Financial Management
New Jersey
$6.77M -$8.14K -520 -0.1%
SC
42
Shellback Capital
Massachusetts
$6.72M +$2.74M +175,000 +57%
Charles Schwab
43
Charles Schwab
California
$6.23M +$4.76K +304 +0.1%
Goldman Sachs
44
Goldman Sachs
New York
$6.07M +$4M +255,296 +142%
GAM
45
Gotham Asset Management
New York
$5.96M +$6.69M +427,587 New
Marshall Wace
46
Marshall Wace
United Kingdom
$5.83M -$1.22M -78,158 -16%
Federated Hermes
47
Federated Hermes
Pennsylvania
$5.58M +$846K +54,070 +16%
Barclays
48
Barclays
United Kingdom
$5.38M +$299K +19,070 +5%
Norges Bank
49
Norges Bank
Norway
$5.11M +$1.91M +122,229 +50%
CC
50
Cipher Capital
New York
$5.03M +$3.51M +224,115 +164%
1
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3 4 5

PENN Hedge Fund Activity: Q2 2016 in Review

201 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q2 2016, worth a combined $1.16B — down 14% from $1.35B a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new PENN positions and 26 closed out — a net gain of 8 holders — while 63 added to existing stakes and 63 trimmed.

The largest buyer was Chartwell Investment Partners, opening a new position worth an estimated $28.4M. The largest seller was Highline Capital Management, cutting an estimated $30.9M.

  • 201 institutional investors held PENN Entertainment (PENN) as of Q2 2016, up from 195 in Q1 2016.
  • Funds reported $1.16B of PENN Entertainment stock for Q2 2016, down 14% quarter-over-quarter.
  • 34 funds opened new PENN Entertainment positions in Q2 2016 and 26 closed out, a net change of +8 holders.
  • The largest PENN Entertainment buyer in Q2 2016 was Chartwell Investment Partners, an estimated $28.4M added.
  • The largest PENN Entertainment seller in Q2 2016 was Highline Capital Management, an estimated $30.9M sold.

Based on aggregated 13F filings for Q2 2016.