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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
NCM
526
Narwhal Capital Management
Georgia
– -$454K -6,249 Closed
SEC
527
Seven Eight Capital
New York
– -$430K -5,909 Closed
JWCA
528
J.W. Cole Advisors
Florida
– -$391K -5,376 Closed
ECM
529
Element Capital Management
New York
– -$381K -5,247 Closed
ACI
530
AMP Capital Investors
Australia
– -$348K -5,018 Closed
TAL
531
TIG Advisors LLC
New York
– -$363K -5,000 Closed
WS
532
Wedbush Securities
California
– -$320K -4,400 Closed
BSW
533
Buckingham Strategic Wealth
Missouri
– -$288K -3,964 Closed
FMWA
534
Forvis Mazars Wealth Advisors
Missouri
– -$274K -3,775 Closed
QSS
535
Quantitative Systematic Strategies
Florida
– -$269K -3,695 Closed
TCM
536
Teza Capital Management
Illinois
– -$266K -3,663 Closed
SM
537
Sciencast Management
New Jersey
– -$233K -3,552 Closed
IWM
538
IHT Wealth Management
Illinois
– -$241K -3,318 Closed
JIC
539
Johnson Investment Counsel
Ohio
– -$231K -3,171 Closed
KWM
540
Kingsview Wealth Management
Oregon
– -$229K -3,153 Closed
HKAM
541
Horizon Kinetics Asset Management
New York
– -$219K -3,017 Closed
WMSA
542
Weiss Multi-Strategy Advisers
New York
– -$210K -2,895 Closed
DZ Bank
543
DZ Bank
Germany
– -$170K -2,333 Closed
Skandinaviska Enskilda Banken (SEB)
544
Skandinaviska Enskilda Banken (SEB)
Sweden
– -$109K -1,500 Closed
JCM
545
Jacobi Capital Management
Pennsylvania
– -$71.4K -1,000 -100%
JSC
546
Jackson Square Capital
California
– -$38K -528 Closed
NNP
547
Nachman Norwood & Parrott
South Carolina
– -$36K -500 Closed
EWM
548
Edge Wealth Management
New York
– -$15K -200 Closed
LDFR
549
Lehman & Derafelo Financial Resources
Pennsylvania
– -$15K -200 Closed
WCG
550
Weaver Consulting Group
California
– -$13K -178 Closed
19 20 21
22
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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.