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PENN Entertainment
PENN

201 hedge funds and large institutions have $1.16B invested in PENN Entertainment in 2016 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 63 increasing their positions, 63 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

3,619% more call options, than puts

Call options by funds: $28.3M | Put options by funds: $760K

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

31% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 26

3% more funds holding

Funds holding: 195 → 201 (+6)

0% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 63

14% less capital invested

Capital invested by funds: $1.35B → $1.16B (-$189M)

Holders
201
Holders Change
+6
Holders Change %
+3.08%
% of All Funds
5.36%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.11%
New
34
Increased
63
Reduced
63
Closed
26
Calls
$28.3M
Puts
$760K
Net Calls
+$27.5M
Net Calls Change
+$11.5M

Top Buyers

1
CIP
Chartwell Investment Partners
Pennsylvania
+$28.4M
2
RIM
RS Investment Management
California
+$25.4M
3
WRF
Waddell & Reed Financial
Kansas
+$18.9M
4
Millennium Management
Millennium Management
New York
+$16.7M
5
HVCM
HG Vora Capital Management
New York
+$15.7M

Top Sellers

1
HCM
Highline Capital Management
New York
-$30.9M
2
FAM
Fred Alger Management
New York
-$22.2M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$21.7M
4
PCM
PAR Capital Management
Massachusetts
-$15.7M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$13.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
LCM
51
Lomas Capital Management
New York
$4.68M +$5.25M +335,284 New
Thrivent Financial for Lutherans
52
Thrivent Financial for Lutherans
Minnesota
$4.5M +$5.05M +322,500 New
BIM
53
BlackRock Investment Management
Delaware
$3.98M -$361K -23,035 -7%
ACM
54
Addison Clark Management
Connecticut
$3.82M -$3.13M -200,000 -42%
BCM
55
Bridgeway Capital Management
Texas
$3.62M – – –
TCIM
56
TIAA CREF Investment Management
New York
$3.39M -$1.63M -104,292 -30%
Morgan Stanley
57
Morgan Stanley
New York
$3.21M +$2.34M +149,456 +185%
California Public Employees Retirement System
58
California Public Employees Retirement System
California
$3.09M -$158K -10,100 -4%
TCM
59
Tygh Capital Management
Oregon
$3M +$3.37M +215,369 New
EFEM
60
Eos Focused Equity Management
New York
$2.87M +$246K +15,720 +8%
HCM
61
Highbridge Capital Management
New York
$2.81M +$1.71M +109,447 +119%
FIG
62
Fortress Investment Group
New York
$2.5M +$332K +21,195 +13%
EGM
63
Engineers Gate Manager
New York
$2.41M +$717K +45,802 +36%
ERSOT
64
Employees Retirement System of Texas
Texas
$2.37M – – –
CS
65
Credit Suisse
Switzerland
$2.34M +$915K +58,420 +53%
MC
66
Menta Capital
California
$2.31M +$1.07M +68,362 +70%
Wells Fargo
67
Wells Fargo
California
$2.23M +$600K +38,300 +32%
California State Teachers Retirement System (CalSTRS)
68
California State Teachers Retirement System (CalSTRS)
California
$2.18M -$208K -13,257 -8%
PP
69
PDT Partners
New York
$2.07M +$2.32M +148,400 New
FIM
70
Frontier Investment Management
Texas
$1.94M -$40.8K -2,605 -2%
EAM
71
Eagle Asset Management
Florida
$1.93M -$1.83M -116,707 -46%
ARTA
72
A.R.T. Advisors
New York
$1.92M +$2.15M +137,497 New
GCP
73
GSA Capital Partners
United Kingdom
$1.87M +$601K +38,400 +40%
SIP
74
Stoneridge Investment Partners
Pennsylvania
$1.85M +$1.04M +66,150 +100%
HI
75
HBK Investments
Texas
$1.78M +$1.78M +113,672 +805%
1 2
3
4 5

PENN Hedge Fund Activity: Q2 2016 in Review

201 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q2 2016, worth a combined $1.16B — down 14% from $1.35B a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new PENN positions and 26 closed out — a net gain of 8 holders — while 63 added to existing stakes and 63 trimmed.

The largest buyer was Chartwell Investment Partners, opening a new position worth an estimated $28.4M. The largest seller was Highline Capital Management, cutting an estimated $30.9M.

  • 201 institutional investors held PENN Entertainment (PENN) as of Q2 2016, up from 195 in Q1 2016.
  • Funds reported $1.16B of PENN Entertainment stock for Q2 2016, down 14% quarter-over-quarter.
  • 34 funds opened new PENN Entertainment positions in Q2 2016 and 26 closed out, a net change of +8 holders.
  • The largest PENN Entertainment buyer in Q2 2016 was Chartwell Investment Partners, an estimated $28.4M added.
  • The largest PENN Entertainment seller in Q2 2016 was Highline Capital Management, an estimated $30.9M sold.

Based on aggregated 13F filings for Q2 2016.