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PENN Entertainment

187 hedge funds and large institutions have $1B invested in PENN Entertainment in 2013 Q4 according to their latest regulatory filings, with 62 funds opening new positions, 12 increasing their positions, 113 reducing their positions, and 71 closing their positions.

New
Increased
Maintained
Reduced
Closed

201% more call options, than puts

Call options by funds: $6.64M | Put options by funds: $2.21M

5% less funds holding

Funds holding: 197187 (-10)

13% less first-time investments, than exits

New positions opened: 62 | Existing positions closed: 71

75% less capital invested

Capital invested by funds: $3.94B → $1B (-$2.94B)

89% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 113

91% less funds holding in top 10

Funds holding in top 10: 111 (-10)

Holders
187
Holders Change
-10
Holders Change %
-5.08%
% of All Funds
5.43%
Holding in Top 10
1
Holding in Top 10 Change
-10
Holding in Top 10 Change %
-90.91%
% of All Funds
0.03%
New
62
Increased
12
Reduced
113
Closed
71
Calls
$6.64M
Puts
$2.21M
Net Calls
+$4.43M
Net Calls Change
+$34.5M
Name Holding Trade Value Shares
Change
Change in
Stake
Ameriprise
51
Ameriprise
Minnesota
$3.23M -$22.6M -1,647,930 -88%
California Public Employees Retirement System
52
California Public Employees Retirement System
California
$3.16M -$7.92M -576,216 -73%
Capital Fund Management (CFM)
53
Capital Fund Management (CFM)
France
$3.07M +$2.95M +214,486 New
NAM
54
NorthCoast Asset Management
Connecticut
$2.9M +$2.78M +202,398 New
ARTA
55
A.R.T. Advisors
New York
$2.9M +$2.78M +202,057 New
First Trust Advisors
56
First Trust Advisors
Illinois
$2.71M -$4.14M -300,985 -61%
N
57
Nuveen
North Carolina
$2.55M +$2.45M +178,132 New
Wells Fargo
58
Wells Fargo
California
$2.28M -$6.64M -483,551 -75%
FIG
59
Fortress Investment Group
New York
$2.26M -$7.42M -540,228 -77%
UOC
60
UBS O'Connor
Illinois
$2.25M -$2.31M -168,273 -52%
Charles Schwab
61
Charles Schwab
California
$2.11M -$4.44M -323,101 -69%
MIU
62
Man Investments (UK)
United Kingdom
$1.88M +$906K +65,976 +101%
California State Teachers Retirement System (CalSTRS)
63
California State Teachers Retirement System (CalSTRS)
California
$1.76M -$5.74M -417,463 -77%
State Board of Administration of Florida Retirement System
64
State Board of Administration of Florida Retirement System
Florida
$1.69M -$5.49M -399,689 -77%
SCA
65
SAC Capital Advisors
Connecticut
$1.48M -$3.67M -267,334 -72%
VOAM
66
Vertex One Asset Management
British Columbia, Canada
$1.43M +$1.37M +100,000 New
MFAM
67
Motley Fool Asset Management
Virginia
$1.34M -$4.38M -319,024 -77%
HIM
68
Hanlon Investment Management
New Jersey
$1.29M -$4.23M -307,745 -77%
SCA
69
Secor Capital Advisors
New York
$1.25M +$1.2M +87,183 New
Fuller & Thaler Asset Management
70
Fuller & Thaler Asset Management
California
$1.24M -$7.65M -556,504 -87%
Connor, Clark & Lunn Investment Management (CC&L)
71
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.23M +$1.11M +80,800 New
GF
72
Gabelli Funds
New York
$1.18M -$4.19M -305,013 -79%
Neuberger Berman Group
73
Neuberger Berman Group
New York
$1.14M +$1.09M +79,200 New
LIM
74
Longfellow Investment Management
Massachusetts
$1.08M +$1.03M +75,100 New
Jennison Associates
75
Jennison Associates
New York
$1.06M +$1.02M +74,285 New

PENN Hedge Fund Activity: Q4 2013 in Review

187 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q4 2013, worth a combined $1B — down 75% from $3.94B a quarter earlier.

Sellers outnumbered buyers: 71 funds closed out of PENN and 62 opened new positions — a net loss of 9 holders — while 113 trimmed existing stakes and 12 added.

The largest buyer was HBK Investments, opening a new position worth an estimated $19.2M. The largest seller was BAMCO Inc, cutting an estimated $371M.

  • 187 institutional investors held PENN Entertainment (PENN) as of Q4 2013, down from 197 in Q3 2013.
  • Funds reported $1B of PENN Entertainment stock for Q4 2013, down 75% quarter-over-quarter.
  • 62 funds opened new PENN Entertainment positions in Q4 2013 and 71 closed out, a net change of -9 holders.
  • The largest PENN Entertainment buyer in Q4 2013 was HBK Investments, an estimated $19.2M added.
  • The largest PENN Entertainment seller in Q4 2013 was BAMCO Inc, an estimated $371M sold.

Based on aggregated 13F filings for Q4 2013.