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PENN Entertainment
PENN

183 hedge funds and large institutions have $1.05B invested in PENN Entertainment in 2014 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 54 increasing their positions, 49 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,149% more call options, than puts

Call options by funds: $20.9M | Put options by funds: $1.67M

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

42% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 26

32% more capital invested

Capital invested by funds: $793M → $1.05B (+$255M)

10% more repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 49

6% more funds holding

Funds holding: 173 → 183 (+10)

Holders
183
Holders Change
+10
Holders Change %
+5.78%
% of All Funds
4.88%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
37
Increased
54
Reduced
49
Closed
26
Calls
$20.9M
Puts
$1.67M
Net Calls
+$19.2M
Net Calls Change
+$5.67M

Top Buyers

Rank Fund Capital Flow
1
SAM
Scopus Asset Management
New York
+$20.7M
2
ACM
Addison Clark Management
Connecticut
+$19.1M
3
CP
Covalent Partners
Massachusetts
+$16.6M
4
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$14.3M
5
Point72 Asset Management
Point72 Asset Management
Connecticut
+$11.5M

Top Sellers

Rank Fund Capital Flow
1
Harris Associates
Harris Associates
Illinois
-$22.5M
2
Millennium Management
Millennium Management
New York
-$15.6M
3
Fidelity Investments
Fidelity Investments
Massachusetts
-$9.77M
4
AQR Capital Management
AQR Capital Management
Connecticut
-$8.14M
5
PI
Putnam Investments
Massachusetts
-$6.34M
Name Holding Trade Value Shares
Change 		Change in
Stake
HIM
51
Hanlon Investment Management
New Jersey
$2.91M – – –
BCM
52
Bridgeway Capital Management
Texas
$2.87M – – –
Robeco Institutional Asset Management
53
Robeco Institutional Asset Management
Netherlands
$2.43M – – –
RJA
54
Raymond James & Associates
Florida
$2.42M -$67.5K -5,213 -3%
SCM
55
Sandler Capital Management
New York
$2.41M +$2.27M +175,700 New
NFA
56
Nationwide Fund Advisors
Ohio
$2.18M +$129K +9,979 +7%
FIG
57
Fortress Investment Group
New York
$2.17M – – –
EML
58
Eos Management LP
New York
$2.16M +$483K +37,350 +31%
GCP
59
GSA Capital Partners
United Kingdom
$2.09M +$139K +10,775 +8%
IGIM
60
I.G. Investment Management
Manitoba, Canada
$2.07M – – –
LCM
61
Leonard Capital Management
Florida
$2.06M – – –
California State Teachers Retirement System (CalSTRS)
62
California State Teachers Retirement System (CalSTRS)
California
$2M +$8.03K +620 +0.4%
Deutsche Bank
63
Deutsche Bank
Germany
$1.85M +$955K +73,743 +121%
FIM
64
Frontier Investment Management
Texas
$1.81M +$186K +14,365 +12%
MC
65
Menta Capital
California
$1.8M +$996K +76,966 +141%
SCM
66
Sterling Capital Management
North Carolina
$1.7M -$17.5K -1,353 -1%
QOP
67
Quinn Opportunity Partners
Virginia
$1.6M +$1.5M +116,247 New
SIM
68
Spark Investment Management
New York
$1.57M +$1.48M +114,700 New
AllianceBernstein
69
AllianceBernstein
Tennessee
$1.54M – – –
TA
70
Teachers Advisors
New York
$1.52M – – –
RhumbLine Advisers
71
RhumbLine Advisers
Massachusetts
$1.46M +$90.2K +6,970 +7%
Mackenzie Financial
72
Mackenzie Financial
Ontario, Canada
$1.43M – – –
PGCM
73
Prescott Group Capital Management
Oklahoma
$1.41M – – –
CIP
74
Convergence Investment Partners
Florida
$1.37M +$35.1K +2,712 +3%
Citigroup
75
Citigroup
New York
$1.35M +$1.18M +91,146 +1,243%
1 2
3
4 5

PENN Hedge Fund Activity: Q4 2014 in Review

183 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q4 2014, worth a combined $1.05B — up 32% from $793M a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new PENN positions and 26 closed out — a net gain of 11 holders — while 54 added to existing stakes and 49 trimmed.

The largest buyer was Scopus Asset Management, opening a new position worth an estimated $20.7M. The largest seller was Harris Associates, cutting an estimated $22.5M.

  • 183 institutional investors held PENN Entertainment (PENN) as of Q4 2014, up from 173 in Q3 2014.
  • Funds reported $1.05B of PENN Entertainment stock for Q4 2014, up 32% quarter-over-quarter.
  • 37 funds opened new PENN Entertainment positions in Q4 2014 and 26 closed out, a net change of +11 holders.
  • The largest PENN Entertainment buyer in Q4 2014 was Scopus Asset Management, an estimated $20.7M added.
  • The largest PENN Entertainment seller in Q4 2014 was Harris Associates, an estimated $22.5M sold.

Based on aggregated 13F filings for Q4 2014.