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PENN Entertainment
PENN

493 hedge funds and large institutions have $12.2B invested in PENN Entertainment in 2020 Q4 according to their latest regulatory filings, with 124 funds opening new positions, 168 increasing their positions, 148 reducing their positions, and 67 closing their positions.

New
Increased
Maintained
Reduced
Closed

85% more first-time investments, than exits

New positions opened: 124 | Existing positions closed: 67

39% more call options, than puts

Call options by funds: $755M | Put options by funds: $542M

23% more capital invested

Capital invested by funds: $9.95B → $12.2B (+$2.25B)

14% more repeat investments, than reductions

Existing positions increased: 168 | Existing positions reduced: 148

12% more funds holding

Funds holding: 439 → 493 (+54)

1.54% more ownership

Funds ownership: 89.65% → 91.19% (+1.5%)

39% less funds holding in top 10

Funds holding in top 10: 18 → 11 (-7)

Holders
493
Holders Change
+54
Holders Change %
+12.3%
% of All Funds
8.72%
Holding in Top 10
11
Holding in Top 10 Change
-7
Holding in Top 10 Change %
-38.89%
% of All Funds
0.19%
New
124
Increased
168
Reduced
148
Closed
67
Calls
$755M
Puts
$542M
Net Calls
+$213M
Net Calls Change
+$85.1M

Top Buyers

1
BlackRock
BlackRock
New York
+$185M
2
Invesco
Invesco
Georgia
+$92.4M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$65.5M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$52.9M
5
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
+$46.4M

Top Sellers

1
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$58.1M
2
Voloridge Investment Management
Voloridge Investment Management
Florida
-$49.9M
3
CCM
CAAS Capital Management
New York
-$42M
4
JCAM
Jericho Capital Asset Management
New York
-$41M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$35.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
CFA
476
Carroll Financial Associates
North Carolina
$3K – – –
KCM
477
Kathmere Capital Management
Pennsylvania
$3K +$2.5K +35 New
ADIM
478
Alpha DNA Investment Management
Maryland
$3K +$3.21K +45 New
ABC
479
Associated Banc-Corp
Wisconsin
$2K – – –
IRAG
480
Investment Research & Advisory Group
Georgia
$2K +$1.36K +19 New
MSFP
481
Mark Sheptoff Financial Planning
Connecticut
$2K +$1.5K +21 New
RWA
482
Ropes Wealth Advisors
Massachusetts
$2K +$1.64K +23 New
AWM
483
Avior Wealth Management
Nebraska
$2K +$2K +28 New
BCH
484
Berkshire Capital Holdings
California
$1K -$18.5M -259,190 -100%
PAI
485
Pittenger & Anderson Inc
Nebraska
$1K – – –
AAP
486
Arax Advisory Partners
Colorado
$1K +$714 +10 New
CCC
487
Crescent Capital Consulting
Louisiana
$1K +$856 +12 New
CHA
488
Carmichael Hill & Associates
Maryland
$1K +$1.07K +15 New
GEA
489
Glen Eagle Advisors
New Jersey
$691 -$285 -4 -33%
WIM
490
Westside Investment Management
California
$323 -$17.8K -250 -6%
CCM
491
CAAS Capital Management
New York
– -$42M -588,967 Closed
JCAM
492
Jericho Capital Asset Management
New York
– -$41M -563,685 Closed
Arrowstreet Capital
493
Arrowstreet Capital
Massachusetts
– -$35.4M -487,522 Closed
PCM
494
PAR Capital Management
Massachusetts
– -$14.6M -201,300 Closed
ECM
495
Engle Capital Management
Connecticut
– -$12.1M -167,000 Closed
PCM
496
Pinz Capital Management
New York
– -$7.78M -107,000 Closed
HIM
497
Hanlon Investment Management
New Jersey
– -$6.96M -95,806 Closed
GT
498
Glenmede Trust
Pennsylvania
– -$6.68M -91,890 Closed
MIM
499
Monashee Investment Management
Massachusetts
– -$4.54M -62,500 Closed
LSA
500
L & S Advisors
California
– -$3.9M -53,708 Closed
18 19
20
21 22

PENN Hedge Fund Activity: Q4 2020 in Review

493 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q4 2020, worth a combined $12.2B — up 23% from $9.95B a quarter earlier.

Buyers outnumbered sellers: 124 funds opened new PENN positions and 67 closed out — a net gain of 57 holders — while 168 added to existing stakes and 148 trimmed.

The largest buyer was BlackRock, adding an estimated $185M. The largest seller was Lord, Abbett & Co, cutting an estimated $58.1M.

  • 493 institutional investors held PENN Entertainment (PENN) as of Q4 2020, up from 439 in Q3 2020.
  • Funds reported $12.2B of PENN Entertainment stock for Q4 2020, up 23% quarter-over-quarter.
  • 124 funds opened new PENN Entertainment positions in Q4 2020 and 67 closed out, a net change of +57 holders.
  • The largest PENN Entertainment buyer in Q4 2020 was BlackRock, an estimated $185M added.
  • The largest PENN Entertainment seller in Q4 2020 was Lord, Abbett & Co, an estimated $58.1M sold.

Based on aggregated 13F filings for Q4 2020.