PENN Entertainment
PENN
388 hedge funds and large institutions have $2.44B invested in PENN Entertainment in 2025 Q1 according to their latest regulatory filings, with 62 funds opening new positions, 124 increasing their positions, 111 reducing their positions, and 49 closing their positions.
175% more call options, than puts
Call options by funds: $486M | Put options by funds: $177M
27% more first-time investments, than exits
New positions opened: 62 | Existing positions closed: 49
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
12% more repeat investments, than reductions
Existing positions increased: 124 | Existing positions reduced: 111
2% more funds holding
Funds holding: 380 → 388 (+8)
3.37% less ownership
Funds ownership: 101.28% → 97.91% (-3.4%)
20% less capital invested
Capital invested by funds: $3.06B → $2.44B (-$620M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCIM
TOMS Capital Investment Management
New York
|
+$74.6M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$41.4M |
| 3 |
CGH
Contrarius Group Holdings
Hamilton,
Bermuda
|
+$35.8M |
| 4 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$30.4M |
| 5 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
+$17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
-$142M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$68M |
| 3 |
Nomura Holdings
Tokyo,
Japan
|
-$52.5M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$33.6M |
| 5 |
SG Americas Securities
New York
|
-$27.8M |
PENN Hedge Fund Activity: Q1 2025 in Review
388 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q1 2025, worth a combined $2.44B — down 20% from $3.06B a quarter earlier.
Buyers outnumbered sellers: 62 funds opened new PENN positions and 49 closed out — a net gain of 13 holders — while 124 added to existing stakes and 111 trimmed.
The largest buyer was TOMS Capital Investment Management, opening a new position worth an estimated $74.6M. The largest seller was HG Vora Capital Management, cutting an estimated $142M.
- 388 institutional investors held PENN Entertainment (PENN) as of Q1 2025, up from 380 in Q4 2024.
- Funds reported $2.44B of PENN Entertainment stock for Q1 2025, down 20% quarter-over-quarter.
- 62 funds opened new PENN Entertainment positions in Q1 2025 and 49 closed out, a net change of +13 holders.
- The largest PENN Entertainment buyer in Q1 2025 was TOMS Capital Investment Management, an estimated $74.6M added.
- The largest PENN Entertainment seller in Q1 2025 was HG Vora Capital Management, an estimated $142M sold.
Based on aggregated 13F filings for Q1 2025.