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PENN Entertainment
PENN

173 hedge funds and large institutions have $793M invested in PENN Entertainment in 2014 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 57 increasing their positions, 60 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

644% more call options, than puts

Call options by funds: $15.7M | Put options by funds: $2.11M

17% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 18

2% more funds holding

Funds holding: 170 → 173 (+3)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

3% less capital invested

Capital invested by funds: $814M → $793M (-$20.4M)

5% less repeat investments, than reductions

Existing positions increased: 57 | Existing positions reduced: 60

Holders
173
Holders Change
+3
Holders Change %
+1.76%
% of All Funds
5.02%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
21
Increased
57
Reduced
60
Closed
18
Calls
$15.7M
Puts
$2.11M
Net Calls
+$13.6M
Net Calls Change
+$13.7M

Top Buyers

Rank Fund Capital Flow
1
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$30.2M
2
Millennium Management
Millennium Management
New York
+$20.6M
3
LPC
Long Pond Capital
New York
+$13.6M
4
PI
Putnam Investments
Massachusetts
+$8.35M
5
DC
Davenport & Co
Virginia
+$6.58M

Top Sellers

Rank Fund Capital Flow
1
Westfield Capital Management
Westfield Capital Management
Massachusetts
-$14.7M
2
AQR Capital Management
AQR Capital Management
Connecticut
-$9.1M
3
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
-$8.18M
4
Citadel Advisors
Citadel Advisors
Florida
-$8.01M
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$7.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
GCP
51
GSA Capital Partners
United Kingdom
$1.59M +$511K +45,338 +47%
MFAM
52
Motley Fool Asset Management
Virginia
$1.56M +$564K +50,000 +54%
SCM
53
Sterling Capital Management
North Carolina
$1.4M +$32.7K +2,899 +2%
Susquehanna International Group
54
Susquehanna International Group
Pennsylvania
$1.36M -$2.49M -220,683 -64%
EML
55
Eos Management LP
New York
$1.34M +$176K +15,600 +15%
FIM
56
Frontier Investment Management
Texas
$1.32M +$562K +49,795 +73%
EAM
57
EverPoint Asset Management
Connecticut
$1.29M +$1.3M +115,000 New
AllianceBernstein
58
AllianceBernstein
Tennessee
$1.26M -$12.4K -1,100 -1%
TA
59
Teachers Advisors
New York
$1.24M – – –
Citadel Advisors
60
Citadel Advisors
Florida
$1.22M -$8.01M -710,477 -87%
Mackenzie Financial
61
Mackenzie Financial
Ontario, Canada
$1.17M +$174K +15,400 +17%
PGCM
62
Prescott Group Capital Management
Oklahoma
$1.15M – – –
GF
63
Gerry Farber
New York
$1.15M +$1.16M +102,500 New
CRM
64
Cramer Rosenthal McGlynn
Connecticut
$1.12M – – –
RhumbLine Advisers
65
RhumbLine Advisers
Massachusetts
$1.11M -$1.13K -100 -0.1%
CIP
66
Convergence Investment Partners
Florida
$1.09M +$78.9K +6,990 +8%
BG
67
BlackRock Group
United Kingdom
$1.06M +$260K +23,010 +32%
PP
68
PDT Partners
New York
$999K +$541K +48,000 +117%
DC
69
Deere & Company
Illinois
$915K – – –
Swiss National Bank
70
Swiss National Bank
Switzerland
$859K – – –
SO
71
STRS Ohio
Ohio
$819K -$38.4K -3,400 -4%
GF
72
Gabelli Funds
New York
$796K – – –
TC
73
TFS Capital
Pennsylvania
$730K -$243K -21,566 -25%
State Board of Administration of Florida Retirement System
74
State Board of Administration of Florida Retirement System
Florida
$714K -$518K -45,896 -42%
MLICM
75
Metropolitan Life Insurance Company (MetLife)
New York
$696K – – –
1 2
3
4 5

PENN Hedge Fund Activity: Q3 2014 in Review

173 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q3 2014, worth a combined $793M — down 2.5% from $814M a quarter earlier.

Buyers outnumbered sellers: 21 funds opened new PENN positions and 18 closed out — a net gain of 3 holders — while 57 added to existing stakes and 60 trimmed.

The largest buyer was Balyasny Asset Management, adding an estimated $30.2M. The largest seller was Westfield Capital Management, exiting entirely with an estimated $14.7M sold.

  • 173 institutional investors held PENN Entertainment (PENN) as of Q3 2014, up from 170 in Q2 2014.
  • Funds reported $793M of PENN Entertainment stock for Q3 2014, down 2.5% quarter-over-quarter.
  • 21 funds opened new PENN Entertainment positions in Q3 2014 and 18 closed out, a net change of +3 holders.
  • The largest PENN Entertainment buyer in Q3 2014 was Balyasny Asset Management, an estimated $30.2M added.
  • The largest PENN Entertainment seller in Q3 2014 was Westfield Capital Management, an estimated $14.7M sold.

Based on aggregated 13F filings for Q3 2014.