PENN Entertainment
PENN
236 hedge funds and large institutions have $2.79B invested in PENN Entertainment in 2019 Q4 according to their latest regulatory filings, with 46 funds opening new positions, 70 increasing their positions, 80 reducing their positions, and 38 closing their positions.
353% more call options, than puts
Call options by funds: $15M | Put options by funds: $3.32M
31% more capital invested
Capital invested by funds: $2.13B → $2.79B (+$665M)
21% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 38
2% more funds holding
Funds holding: 231 → 236 (+5)
0% more funds holding in top 10
Funds holding in top 10: 5 → 5 (0)
5.75% less ownership
Funds ownership: 100.06% → 94.31% (-5.7%)
13% less repeat investments, than reductions
Existing positions increased: 70 | Existing positions reduced: 80
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$92.8M |
| 2 |
JP Morgan Chase
New York
|
+$10.7M |
| 3 |
GLA
Great Lakes Advisors
Chicago,
Illinois
|
+$9.95M |
| 4 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$9.58M |
| 5 |
Morgan Stanley
New York
|
+$8.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
-$122M |
| 2 |
Prudential Financial
Newark,
New Jersey
|
-$25.2M |
| 3 |
SCM
SG Capital Management
Chicago,
Illinois
|
-$19.2M |
| 4 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$15.7M |
| 5 |
CTA
Carillon Tower Advisers
St. Petersburg,
Florida
|
-$15.5M |
PENN Hedge Fund Activity: Q4 2019 in Review
236 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q4 2019, worth a combined $2.79B — up 31% from $2.13B a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new PENN positions and 38 closed out — a net gain of 8 holders — while 70 added to existing stakes and 80 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $92.8M. The largest seller was HG Vora Capital Management, cutting an estimated $122M.
- 236 institutional investors held PENN Entertainment (PENN) as of Q4 2019, up from 231 in Q3 2019.
- Funds reported $2.79B of PENN Entertainment stock for Q4 2019, up 31% quarter-over-quarter.
- 46 funds opened new PENN Entertainment positions in Q4 2019 and 38 closed out, a net change of +8 holders.
- The largest PENN Entertainment buyer in Q4 2019 was Fidelity Investments, an estimated $92.8M added.
- The largest PENN Entertainment seller in Q4 2019 was HG Vora Capital Management, an estimated $122M sold.
Based on aggregated 13F filings for Q4 2019.