PENN Entertainment

PENN

Market cap $2.78B

PENN Hedge Fund Activity: Q1 2026 in Review

370 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q1 2026, worth a combined $2.09B — up 8.8% from $1.92B a quarter earlier.

Buyers outnumbered sellers: 73 funds opened new PENN positions and 53 closed out — a net gain of 20 holders — while 100 added to existing stakes and 121 trimmed.

The largest buyer was Balyasny Asset Management, opening a new position worth an estimated $33.9M. The largest seller was Armistice Capital, cutting an estimated $21.1M.

• 370 institutional investors held PENN Entertainment (PENN) as of Q1 2026, up from 358 in Q4 2025.
• Funds reported $2.09B of PENN Entertainment stock for Q1 2026, up 8.8% quarter-over-quarter.
• 73 funds opened new PENN Entertainment positions in Q1 2026 and 53 closed out, a net change of +20 holders.
• The largest PENN Entertainment buyer in Q1 2026 was Balyasny Asset Management, an estimated $33.9M added.
• The largest PENN Entertainment seller in Q1 2026 was Armistice Capital, an estimated $21.1M sold.

Based on aggregated 13F filings for Q1 2026.