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PENN Entertainment
PENN

195 hedge funds and large institutions have $1.35B invested in PENN Entertainment in 2016 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 80 increasing their positions, 52 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,003% more call options, than puts

Call options by funds: $17.6M | Put options by funds: $1.59M

54% more repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 52

11% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 27

1% more funds holding

Funds holding: 193 → 195 (+2)

2% more capital invested

Capital invested by funds: $1.33B → $1.35B (+$21.1M)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
195
Holders Change
+2
Holders Change %
+1.04%
% of All Funds
5.2%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.08%
New
30
Increased
80
Reduced
52
Closed
27
Calls
$17.6M
Puts
$1.59M
Net Calls
+$16M
Net Calls Change
+$1.13M

Top Buyers

1
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$13.8M
2
MP
Manikay Partners
New York
+$12.9M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$9.16M
4
Renaissance Technologies
Renaissance Technologies
New York
+$7.2M
5
FAM
Fred Alger Management
New York
+$5.95M

Top Sellers

1
FMA
Fiduciary Management Associates
Illinois
-$23M
2
LCM
Lomas Capital Management
New York
-$19.3M
3
PCM
PAR Capital Management
Massachusetts
-$16.8M
4
Millennium Management
Millennium Management
New York
-$14.8M
5
PC
PointState Capital
New York
-$13.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
CPIM
51
Columbia Partners Investment Management
Virginia
$5M -$192K -13,370 -4%
CCMH
52
Cornerstone Capital Management Holdings
New York
$4.81M -$989K -69,000 -19%
ZDA
53
Zweig-DiMenna Associates
New York
$4.67M -$8.94M -623,402 -69%
FHAM
54
Folger Hill Asset Management
New York
$4.59M -$5.89M -411,000 -60%
BCM
55
Bridgeway Capital Management
Texas
$4.33M -$4.57M -318,800 -55%
EAM
56
Eagle Asset Management
Florida
$4.26M -$270K -18,832 -7%
Norges Bank
57
Norges Bank
Norway
$4.07M – – –
California Public Employees Retirement System
58
California Public Employees Retirement System
California
$3.87M +$45.9K +3,200 +1%
ACMM
59
Arbor Capital Management (Minnesota)
Minnesota
$3.46M -$849K -59,250 -22%
EFEM
60
Eos Focused Equity Management
New York
$3.17M +$260K +18,135 +11%
Bank of Montreal
61
Bank of Montreal
Ontario, Canada
$3.03M +$8.59K +599 +0.3%
Goldman Sachs
62
Goldman Sachs
New York
$3M +$1.27M +88,397 +97%
ERSOT
63
Employees Retirement System of Texas
Texas
$2.84M – – –
California State Teachers Retirement System (CalSTRS)
64
California State Teachers Retirement System (CalSTRS)
California
$2.83M +$311K +21,685 +15%
FIG
65
Fortress Investment Group
New York
$2.63M – – –
CI
66
Cowen Inc
New York
$2.6M +$2.24M +156,040 New
WMSA
67
Weiss Multi-Strategy Advisers
New York
$2.6M +$2.23M +155,600 New
FIM
68
Frontier Investment Management
Texas
$2.37M -$139K -9,665 -6%
CC
69
Cipher Capital
New York
$2.28M +$901K +62,848 +85%
EGM
70
Engineers Gate Manager
New York
$2.12M +$382K +26,672 +27%
RhumbLine Advisers
71
RhumbLine Advisers
Massachusetts
$2.06M +$157K +10,925 +10%
Wells Fargo
72
Wells Fargo
California
$2.03M -$734K -51,214 -30%
TA
73
Teachers Advisors
New York
$2.03M +$66.7K +4,653 +4%
AllianceBernstein
74
AllianceBernstein
Tennessee
$1.94M – – –
Citigroup
75
Citigroup
New York
$1.9M +$966K +67,371 +146%
1 2
3
4 5

PENN Hedge Fund Activity: Q1 2016 in Review

195 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q1 2016, worth a combined $1.35B — up 1.6% from $1.33B a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new PENN positions and 27 closed out — a net gain of 3 holders — while 80 added to existing stakes and 52 trimmed.

The largest buyer was Balyasny Asset Management, adding an estimated $13.8M. The largest seller was Fiduciary Management Associates, exiting entirely with an estimated $23M sold.

  • 195 institutional investors held PENN Entertainment (PENN) as of Q1 2016, up from 193 in Q4 2015.
  • Funds reported $1.35B of PENN Entertainment stock for Q1 2016, up 1.6% quarter-over-quarter.
  • 30 funds opened new PENN Entertainment positions in Q1 2016 and 27 closed out, a net change of +3 holders.
  • The largest PENN Entertainment buyer in Q1 2016 was Balyasny Asset Management, an estimated $13.8M added.
  • The largest PENN Entertainment seller in Q1 2016 was Fiduciary Management Associates, an estimated $23M sold.

Based on aggregated 13F filings for Q1 2016.