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PENN Entertainment
PENN

600 hedge funds and large institutions have $9.75B invested in PENN Entertainment in 2021 Q3 according to their latest regulatory filings, with 99 funds opening new positions, 232 increasing their positions, 169 reducing their positions, and 71 closing their positions.

New
Increased
Maintained
Reduced
Closed

140% more funds holding in top 10

Funds holding in top 10: 5 → 12 (+7)

39% more first-time investments, than exits

New positions opened: 99 | Existing positions closed: 71

37% more repeat investments, than reductions

Existing positions increased: 232 | Existing positions reduced: 169

3% more funds holding

Funds holding: 582 → 600 (+18)

1.42% more ownership

Funds ownership: 84.43% → 85.85% (+1.4%)

9% more call options, than puts

Call options by funds: $732M | Put options by funds: $675M

3% less capital invested

Capital invested by funds: $10.1B → $9.75B (-$336M)

Holders
600
Holders Change
+18
Holders Change %
+3.09%
% of All Funds
10.5%
Holding in Top 10
12
Holding in Top 10 Change
+7
Holding in Top 10 Change %
+140%
% of All Funds
0.21%
New
99
Increased
232
Reduced
169
Closed
71
Calls
$732M
Puts
$675M
Net Calls
+$57.5M
Net Calls Change
-$25.3M

Top Buyers

Rank Fund Capital Flow
1
AM
Atreides Management
Massachusetts
+$356M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$154M
3
Invesco
Invesco
Georgia
+$127M
4
BlackRock
BlackRock
New York
+$83.2M
5
JCAM
Jericho Capital Asset Management
New York
+$66.6M

Top Sellers

Rank Fund Capital Flow
1
HVCM
HG Vora Capital Management
New York
-$191M
2
FAM
Fred Alger Management
New York
-$103M
3
Goldman Sachs
Goldman Sachs
New York
-$67.2M
4
Millennium Management
Millennium Management
New York
-$64.6M
5
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$54.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
IM
601
Islet Management
New York
– -$14.5M -190,000 Closed
Mackenzie Financial
602
Mackenzie Financial
Ontario, Canada
– -$9.89M -129,330 Closed
BCP
603
Berylson Capital Partners
Massachusetts
– -$9.81M -128,300 Closed
Tudor Investment Corp
604
Tudor Investment Corp
Connecticut
– -$6.47M -88,078 Closed
AIM
605
Aigen Investment Management
New York
– -$3.62M -47,306 Closed
PP
606
Paloma Partners
Connecticut
– -$3.09M -40,382 Closed
JF
607
Jump Financial
Illinois
– -$2.82M -36,900 Closed
ERSOT
608
Employees Retirement System of Texas
Texas
– -$2.68M -35,000 Closed
GIA
609
Gateway Investment Advisers
Ohio
– -$2.51M -32,790 Closed
SMH
610
Sanders Morris Harris
Texas
– -$1.7M -22,894 Closed
WMSA
611
Weiss Multi-Strategy Advisers
New York
– -$1.63M -21,249 Closed
ESCM
612
Echo Street Capital Management
New York
– -$1.59M -20,749 Closed
RFMS
613
RWQ Financial Management Services
Florida
– -$1.58M -20,650 Closed
YIH
614
Y-Intercept (HK)
Hong Kong
– -$1.57M -20,553 Closed
QIM
615
Quantitative Investment Management
Virginia
– -$1.53M -19,989 Closed
ADIM
616
Alpha DNA Investment Management
Maryland
– -$1.38M -18,077 Closed
Bessemer Group
617
Bessemer Group
New Jersey
– -$1.12M -14,654 Closed
MFS
618
Mirabella Financial Services
United Kingdom
– -$1.06M -13,854 Closed
PHK
619
Point72 Hong Kong
Hong Kong
– -$1M -13,114 Closed
AG
620
AIA Group
Hong Kong
– -$823K -12,400 Closed
EIM
621
Essex Investment Management
Massachusetts
– -$889K -11,619 Closed
BCM
622
Bayesian Capital Management
New York
– -$834K -10,900 Closed
FC
623
FORA Capital
Florida
– -$803K -10,501 Closed
PAM
624
Panagora Asset Management
Massachusetts
– -$711K -9,289 Closed
BC
625
Bridgefront Capital
Texas
– -$707K -9,243 Closed
23 24
25
26 27

PENN Hedge Fund Activity: Q3 2021 in Review

600 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q3 2021, worth a combined $9.75B — down 3.3% from $10.1B a quarter earlier.

Buyers outnumbered sellers: 99 funds opened new PENN positions and 71 closed out — a net gain of 28 holders — while 232 added to existing stakes and 169 trimmed.

The largest buyer was Atreides Management, opening a new position worth an estimated $356M. The largest seller was HG Vora Capital Management, exiting entirely with an estimated $191M sold.

  • 600 institutional investors held PENN Entertainment (PENN) as of Q3 2021, up from 582 in Q2 2021.
  • Funds reported $9.75B of PENN Entertainment stock for Q3 2021, down 3.3% quarter-over-quarter.
  • 99 funds opened new PENN Entertainment positions in Q3 2021 and 71 closed out, a net change of +28 holders.
  • The largest PENN Entertainment buyer in Q3 2021 was Atreides Management, an estimated $356M added.
  • The largest PENN Entertainment seller in Q3 2021 was HG Vora Capital Management, an estimated $191M sold.

Based on aggregated 13F filings for Q3 2021.