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PENN Entertainment

405 hedge funds and large institutions have $2.69B invested in PENN Entertainment in 2024 Q1 according to their latest regulatory filings, with 62 funds opening new positions, 110 increasing their positions, 137 reducing their positions, and 78 closing their positions.

New
Increased
Maintained
Reduced
Closed

91% more call options, than puts

Call options by funds: $248M | Put options by funds: $130M

20% more funds holding in top 10

Funds holding in top 10: 56 (+1)

4.95% more ownership

Funds ownership: 92.24%97.19% (+4.9%)

5% less funds holding

Funds holding: 426405 (-21)

20% less repeat investments, than reductions

Existing positions increased: 110 | Existing positions reduced: 137

21% less first-time investments, than exits

New positions opened: 62 | Existing positions closed: 78

26% less capital invested

Capital invested by funds: $3.64B → $2.69B (-$948M)

Holders
405
Holders Change
-21
Holders Change %
-4.93%
% of All Funds
5.83%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.09%
New
62
Increased
110
Reduced
137
Closed
78
Calls
$248M
Puts
$130M
Net Calls
+$118M
Net Calls Change
+$29M
Name Holding Trade Value Shares
Change
Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$20.2M -$2.61M -126,312 -10%
Charles Schwab
27
Charles Schwab
California
$19.6M +$1.23M +59,472 +6%
Invesco
28
Invesco
Georgia
$18.7M +$11.2M +542,684 +112%
Northern Trust
29
Northern Trust
Illinois
$16.7M -$3.34M -161,553 -15%
CIM
30
Contrarius Investment Management
Jersey
$16.5M +$333K +16,117 +2%
National Bank of Canada
31
National Bank of Canada
Quebec, Canada
$15.6M +$14.8M +716,686 +285%
NW
32
NewEdge Wealth
Pennsylvania
$14.7M +$20.3M +982,621 New
Wells Fargo
33
Wells Fargo
California
$13.4M +$1.28M +61,861 +9%
Ameriprise
34
Ameriprise
Minnesota
$12.2M +$2.92M +141,354 +27%
Susquehanna International Group
35
Susquehanna International Group
Pennsylvania
$12M +$7.29M +353,112 +116%
EAM
36
Eagle Asset Management
Florida
$11.7M +$2.37M +114,803 +22%
Principal Financial Group
37
Principal Financial Group
Iowa
$10.2M -$435K -21,051 -4%
Connor, Clark & Lunn Investment Management (CC&L)
38
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$8.82M +$9.52M +460,838 +1,980%
N
39
Nuveen
North Carolina
$8.62M -$1.77M -85,629 -15%
First Trust Advisors
40
First Trust Advisors
Illinois
$8.27M -$11.1M -538,848 -54%
PCM
41
Penn Capital Management
Pennsylvania
$8.03M -$20.8K -1,008 -0.2%
RhumbLine Advisers
42
RhumbLine Advisers
Massachusetts
$7.53M -$550K -26,628 -6%
New York State Common Retirement Fund
43
New York State Common Retirement Fund
New York
$7.39M -$879K -42,590 -10%
BAMCO Inc
44
BAMCO Inc
New York
$6.44M -$98.9M -4,789,345 -93%
Assenagon Asset Management
45
Assenagon Asset Management
Luxembourg
$6.24M +$2.8M +135,697 +66%
PCM
46
Peregrine Capital Management
Minnesota
$6.01M -$413K -20,024 -6%
PCM
47
Prelude Capital Management
New York
$5.78M +$5.6M +271,232 +587%
ACM
48
Aquatic Capital Management
Illinois
$5.73M +$2.02M +97,700 +45%
JGC
49
J. Goldman & Co
New York
$5.57M +$5.59M +270,740 +774%
State Board of Administration of Florida Retirement System
50
State Board of Administration of Florida Retirement System
Florida
$5.49M +$166K +8,062 +5%

PENN Hedge Fund Activity: Q1 2024 in Review

405 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q1 2024, worth a combined $2.69B — down 26% from $3.64B a quarter earlier.

Sellers outnumbered buyers: 78 funds closed out of PENN and 62 opened new positions — a net loss of 16 holders — while 137 trimmed existing stakes and 110 added.

The largest buyer was Shapiro Capital Management, adding an estimated $186M. The largest seller was BAMCO Inc, cutting an estimated $98.9M.

  • 405 institutional investors held PENN Entertainment (PENN) as of Q1 2024, down from 426 in Q4 2023.
  • Funds reported $2.69B of PENN Entertainment stock for Q1 2024, down 26% quarter-over-quarter.
  • 62 funds opened new PENN Entertainment positions in Q1 2024 and 78 closed out, a net change of -16 holders.
  • The largest PENN Entertainment buyer in Q1 2024 was Shapiro Capital Management, an estimated $186M added.
  • The largest PENN Entertainment seller in Q1 2024 was BAMCO Inc, an estimated $98.9M sold.

Based on aggregated 13F filings for Q1 2024.