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PENN Entertainment
PENN

426 hedge funds and large institutions have $3.64B invested in PENN Entertainment in 2023 Q4 according to their latest regulatory filings, with 92 funds opening new positions, 107 increasing their positions, 131 reducing their positions, and 51 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 92 | Existing positions closed: 51

39% more call options, than puts

Call options by funds: $319M | Put options by funds: $230M

21% more capital invested

Capital invested by funds: $3.01B → $3.64B (+$629M)

9% more funds holding

Funds holding: 390 → 426 (+36)

5.64% more ownership

Funds ownership: 86.6% → 92.24% (+5.6%)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

18% less repeat investments, than reductions

Existing positions increased: 107 | Existing positions reduced: 131

Holders
426
Holders Change
+36
Holders Change %
+9.23%
% of All Funds
6.21%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
92
Increased
107
Reduced
131
Closed
51
Calls
$319M
Puts
$230M
Net Calls
+$88.9M
Net Calls Change
-$22.1M

Top Buyers

1
Nomura Holdings
Nomura Holdings
Japan
+$74.9M
2
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$55.3M
3
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
+$46.4M
4
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
+$42.7M
5
WMSA
Weiss Multi-Strategy Advisers
New York
+$38.6M

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$63.6M
2
Morgan Stanley
Morgan Stanley
New York
-$62.4M
3
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$39.6M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$38.7M
5
Renaissance Technologies
Renaissance Technologies
New York
-$27.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
N
26
Natixis
France
$29M +$25.8M +1,113,179 New
ICM
27
Invenomic Capital Management
Massachusetts
$28.5M -$20M -861,930 -44%
Northern Trust
28
Northern Trust
Illinois
$28.1M -$89.1K -3,842 -0.4%
NCA
29
Newbrook Capital Advisors
New York
$27M +$13.7M +589,061 +131%
Charles Schwab
30
Charles Schwab
California
$26.5M +$1.01M +43,605 +4%
HSBC Holdings
31
HSBC Holdings
United Kingdom
$26.2M +$9.15M +394,599 +65%
First Trust Advisors
32
First Trust Advisors
Illinois
$25.8M -$2.66M -114,742 -10%
Jane Street
33
Jane Street
New York
$24.1M +$5.5M +237,113 +34%
JP Morgan Chase
34
JP Morgan Chase
New York
$24.1M +$6.45M +278,100 +43%
CIM
35
Contrarius Investment Management
Jersey
$23.2M +$12M +518,995 +139%
CSS
36
Cubist Systematic Strategies
Connecticut
$20.9M +$18.5M +799,238 +13,888%
Fuller & Thaler Asset Management
37
Fuller & Thaler Asset Management
California
$20.7M +$18.4M +795,434 New
Wells Fargo
38
Wells Fargo
California
$17.5M +$1.34M +57,776 +9%
Wellington Management Group
39
Wellington Management Group
Massachusetts
$16.3M +$14.6M +628,017 New
Principal Financial Group
40
Principal Financial Group
Iowa
$15.1M +$574K +24,768 +4%
N
41
Nuveen
North Carolina
$14.5M +$3.23M +139,365 +33%
Ameriprise
42
Ameriprise
Minnesota
$13.7M -$1.3M -55,893 -10%
EAM
43
Eagle Asset Management
Florida
$13.7M +$12.2M +525,669 New
MGCM
44
Mane Global Capital Management
New York
$13.6M +$12.1M +521,702 New
Invesco
45
Invesco
Georgia
$12.6M +$3.19M +137,384 +40%
New York State Common Retirement Fund
46
New York State Common Retirement Fund
New York
$11.7M -$646K -27,867 -6%
PCM
47
Penn Capital Management
Pennsylvania
$11.5M -$82.5K -3,556 -0.8%
RhumbLine Advisers
48
RhumbLine Advisers
Massachusetts
$11.5M -$299K -12,885 -3%
M2MC
49
Matthew 25 Management Corp
Pennsylvania
$11.2M -$812K -35,000 -8%
AQR Capital Management
50
AQR Capital Management
Connecticut
$11.1M -$27.1M -1,170,498 -73%
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PENN Hedge Fund Activity: Q4 2023 in Review

426 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q4 2023, worth a combined $3.64B — up 21% from $3.01B a quarter earlier.

Buyers outnumbered sellers: 92 funds opened new PENN positions and 51 closed out — a net gain of 41 holders — while 107 added to existing stakes and 131 trimmed.

The largest buyer was Nomura Holdings, adding an estimated $74.9M. The largest seller was Citadel Advisors, cutting an estimated $63.6M.

  • 426 institutional investors held PENN Entertainment (PENN) as of Q4 2023, up from 390 in Q3 2023.
  • Funds reported $3.64B of PENN Entertainment stock for Q4 2023, up 21% quarter-over-quarter.
  • 92 funds opened new PENN Entertainment positions in Q4 2023 and 51 closed out, a net change of +41 holders.
  • The largest PENN Entertainment buyer in Q4 2023 was Nomura Holdings, an estimated $74.9M added.
  • The largest PENN Entertainment seller in Q4 2023 was Citadel Advisors, an estimated $63.6M sold.

Based on aggregated 13F filings for Q4 2023.