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PENN Entertainment
PENN

444 hedge funds and large institutions have $3.65B invested in PENN Entertainment in 2022 Q3 according to their latest regulatory filings, with 51 funds opening new positions, 124 increasing their positions, 159 reducing their positions, and 95 closing their positions.

New
Increased
Maintained
Reduced
Closed

4.33% more ownership

Funds ownership: 79.46% → 83.79% (+4.3%)

2% less call options, than puts

Call options by funds: $121M | Put options by funds: $123M

9% less capital invested

Capital invested by funds: $4.03B → $3.65B (-$374M)

10% less funds holding

Funds holding: 494 → 444 (-50)

22% less repeat investments, than reductions

Existing positions increased: 124 | Existing positions reduced: 159

25% less funds holding in top 10

Funds holding in top 10: 8 → 6 (-2)

46% less first-time investments, than exits

New positions opened: 51 | Existing positions closed: 95

Holders
444
Holders Change
-50
Holders Change %
-10.12%
% of All Funds
7.65%
Holding in Top 10
6
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-25%
% of All Funds
0.1%
New
51
Increased
124
Reduced
159
Closed
95
Calls
$121M
Puts
$123M
Net Calls
-$1.97M
Net Calls Change
+$41.2M

Top Buyers

1
Goldman Sachs
Goldman Sachs
New York
+$148M
2
BlackRock
BlackRock
New York
+$140M
3
HVCM
HG Vora Capital Management
New York
+$129M
4
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
+$18.5M
5
Bank of America
Bank of America
North Carolina
+$17.4M

Top Sellers

1
Vanguard Group
Vanguard Group
Pennsylvania
-$108M
2
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
-$66M
3
Invesco
Invesco
Georgia
-$49M
4
CIM
Contrarius Investment Management
Jersey
-$46.4M
5
LPC
Long Pond Capital
New York
-$39M
Name Holding Trade Value Shares
Change 		Change in
Stake
Principal Financial Group
26
Principal Financial Group
Iowa
$17M +$13.4M +416,326 +206%
IP
27
Isomer Partners
New York
$16.5M – – –
Jennison Associates
28
Jennison Associates
New York
$16.1M +$8.52M +263,794 +82%
Marshall Wace
29
Marshall Wace
United Kingdom
$15.7M +$14.7M +454,033 +395%
Wellington Management Group
30
Wellington Management Group
Massachusetts
$13.6M -$1.68M -51,895 -10%
HF
31
HRT Financial
New York
$13.5M +$15.3M +473,407 +2,713%
New York State Common Retirement Fund
32
New York State Common Retirement Fund
New York
$12.9M +$1.72M +53,412 +13%
RhumbLine Advisers
33
RhumbLine Advisers
Massachusetts
$12.7M +$6.35M +196,529 +74%
Voloridge Investment Management
34
Voloridge Investment Management
Florida
$12.3M -$20.1M -622,853 -58%
N
35
Nuveen
North Carolina
$12M -$5.65M -174,828 -29%
Russell Investments Group
36
Russell Investments Group
United Kingdom
$11.9M +$13.1M +407,092 +1,543%
Squarepoint
37
Squarepoint
New York
$11.4M +$13.3M +412,758 New
CH
38
CVI Holdings
Delaware
$11M – – –
Swiss National Bank
39
Swiss National Bank
Switzerland
$10.9M -$29.1K -900 -0.2%
Citigroup
40
Citigroup
New York
$10.8M +$1.74M +53,935 +16%
California Public Employees Retirement System
41
California Public Employees Retirement System
California
$10.5M +$2.29M +70,955 +23%
PCM
42
Penn Capital Management
Pennsylvania
$10.2M +$3.44M +106,454 +41%
Barclays
43
Barclays
United Kingdom
$9.37M +$2.84M +88,063 +35%
Ameriprise
44
Ameriprise
Minnesota
$9.35M +$5.55M +171,804 +102%
Arrowstreet Capital
45
Arrowstreet Capital
Massachusetts
$8.92M +$10.5M +324,369 New
KCM
46
Kornitzer Capital Management
Kansas
$8.62M -$557K -17,239 -5%
State of Wisconsin Investment Board
47
State of Wisconsin Investment Board
Wisconsin
$8.56M -$2.37M -73,444 -19%
Retirement Systems of Alabama
48
Retirement Systems of Alabama
Alabama
$8.23M +$7.91M +244,996 +452%
JP Morgan Chase
49
JP Morgan Chase
New York
$8.05M +$2M +61,931 +27%
Susquehanna International Group
50
Susquehanna International Group
Pennsylvania
$8.02M -$2.43M -75,152 -20%
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PENN Hedge Fund Activity: Q3 2022 in Review

444 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q3 2022, worth a combined $3.65B — down 9.3% from $4.03B a quarter earlier.

Sellers outnumbered buyers: 95 funds closed out of PENN and 51 opened new positions — a net loss of 44 holders — while 159 trimmed existing stakes and 124 added.

The largest buyer was Goldman Sachs, adding an estimated $148M. The largest seller was Vanguard Group, cutting an estimated $108M.

  • 444 institutional investors held PENN Entertainment (PENN) as of Q3 2022, down from 494 in Q2 2022.
  • Funds reported $3.65B of PENN Entertainment stock for Q3 2022, down 9.3% quarter-over-quarter.
  • 51 funds opened new PENN Entertainment positions in Q3 2022 and 95 closed out, a net change of -44 holders.
  • The largest PENN Entertainment buyer in Q3 2022 was Goldman Sachs, an estimated $148M added.
  • The largest PENN Entertainment seller in Q3 2022 was Vanguard Group, an estimated $108M sold.

Based on aggregated 13F filings for Q3 2022.