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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
493
Holders Change
+54
Holders Change %
+12.3%
% of All Funds
8.72%
Holding in Top 10
11
Holding in Top 10 Change
-7
Holding in Top 10 Change %
-38.89%
% of All Funds
0.19%
New
124
Increased
168
Reduced
148
Closed
67
Calls
$755M
Puts
$542M
Net Calls
+$213M
Net Calls Change
+$85.1M

Top Buyers

1
BlackRock
BlackRock
New York
+$185M
2
Invesco
Invesco
Georgia
+$92.4M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$65.5M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$52.9M
5
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
+$46.4M

Top Sellers

1
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$58.1M
2
Voloridge Investment Management
Voloridge Investment Management
Florida
-$49.9M
3
CCM
CAAS Capital Management
New York
-$42M
4
JCAM
Jericho Capital Asset Management
New York
-$41M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$35.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Lord, Abbett & Co
26
Lord, Abbett & Co
New Jersey
$68.1M -$58.1M -813,676 -51%
Dimensional Fund Advisors
27
Dimensional Fund Advisors
Texas
$66.8M -$28.1M -394,091 -34%
Wells Fargo
28
Wells Fargo
California
$60.9M +$2.1M +29,401 +4%
GGHC
29
Gilder Gagnon Howe & Co
New York
$59.9M +$3.52M +49,384 +8%
KCM
30
Kornitzer Capital Management
Kansas
$56.4M -$6.56M -91,955 -12%
IP
31
Isomer Partners
New York
$56.1M +$3.57M +50,000 +8%
CTA
32
Carillon Tower Advisers
Florida
$53.4M – – –
EAM
33
Eagle Asset Management
Florida
$53.4M -$11.3M -159,017 -20%
TCP
34
ThornTree Capital Partners
Massachusetts
$50.1M -$11.4M -159,752 -22%
T. Rowe Price Associates
35
T. Rowe Price Associates
Maryland
$48.9M -$1.55M -21,715 -4%
Two Sigma Advisers
36
Two Sigma Advisers
New York
$47.6M +$39.1M +547,220 +14,790%
FAM
37
Fred Alger Management
New York
$43.4M +$699K +9,801 +2%
PI
38
Putnam Investments
Massachusetts
$42.6M -$698K -9,786 -2%
Jennison Associates
39
Jennison Associates
New York
$41.6M -$15.8M -221,473 -31%
Deutsche Bank
40
Deutsche Bank
Germany
$40.4M -$90K -1,261 -0.3%
RhumbLine Advisers
41
RhumbLine Advisers
Massachusetts
$40.1M +$3.79M +53,102 +13%
Principal Financial Group
42
Principal Financial Group
Iowa
$39.1M +$1.34M +18,745 +4%
Retirement Systems of Alabama
43
Retirement Systems of Alabama
Alabama
$34.9M +$395K +5,534 +1%
CH
44
CVI Holdings
Delaware
$34.5M – – –
RCAMU
45
Rothschild & Co Asset Management US
Connecticut
$33.1M +$27.3M +382,685 New
California Public Employees Retirement System
46
California Public Employees Retirement System
California
$31.9M +$3.82M +53,583 +17%
Citadel Advisors
47
Citadel Advisors
Florida
$31.5M -$2.08M -29,205 -7%
Swiss National Bank
48
Swiss National Bank
Switzerland
$30.3M +$293K +4,100 +1%
State of Wisconsin Investment Board
49
State of Wisconsin Investment Board
Wisconsin
$30M -$3.13M -43,900 -11%
C
50
Chescapmanager
Maryland
$27.3M -$3.78M -52,900 -14%
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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.