PENN Entertainment
PENN
494 hedge funds and large institutions have $4.03B invested in PENN Entertainment in 2022 Q2 according to their latest regulatory filings, with 59 funds opening new positions, 164 increasing their positions, 168 reducing their positions, and 108 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 6 → 8 (+2)
1.46% more ownership
Funds ownership: 78% → 79.46% (+1.5%)
2% less repeat investments, than reductions
Existing positions increased: 164 | Existing positions reduced: 168
11% less funds holding
Funds holding: 552 → 494 (-58)
25% less call options, than puts
Call options by funds: $131M | Put options by funds: $174M
28% less capital invested
Capital invested by funds: $5.57B → $4.03B (-$1.54B)
45% less first-time investments, than exits
New positions opened: 59 | Existing positions closed: 108
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
+$118M |
| 2 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
+$84.1M |
| 3 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$73.2M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$47.2M |
| 5 |
Bank of New York Mellon
New York
|
+$45.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$161M |
| 2 |
BAMCO Inc
New York
|
-$64.9M |
| 3 |
Goldman Sachs
New York
|
-$55.5M |
| 4 |
PCM
Parsifal Capital Management
Greenwich,
Connecticut
|
-$38.2M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$34M |
PENN Hedge Fund Activity: Q2 2022 in Review
494 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q2 2022, worth a combined $4.03B — down 28% from $5.57B a quarter earlier.
Sellers outnumbered buyers: 108 funds closed out of PENN and 59 opened new positions — a net loss of 49 holders — while 168 trimmed existing stakes and 164 added.
The largest buyer was HG Vora Capital Management, opening a new position worth an estimated $118M. The largest seller was BlackRock, cutting an estimated $161M.
- 494 institutional investors held PENN Entertainment (PENN) as of Q2 2022, down from 552 in Q1 2022.
- Funds reported $4.03B of PENN Entertainment stock for Q2 2022, down 28% quarter-over-quarter.
- 59 funds opened new PENN Entertainment positions in Q2 2022 and 108 closed out, a net change of -49 holders.
- The largest PENN Entertainment buyer in Q2 2022 was HG Vora Capital Management, an estimated $118M added.
- The largest PENN Entertainment seller in Q2 2022 was BlackRock, an estimated $161M sold.
Based on aggregated 13F filings for Q2 2022.