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PENN Entertainment

284 hedge funds and large institutions have $1.25B invested in PENN Entertainment in 2020 Q1 according to their latest regulatory filings, with 106 funds opening new positions, 73 increasing their positions, 78 reducing their positions, and 55 closing their positions.

New
Increased
Maintained
Reduced
Closed

93% more first-time investments, than exits

New positions opened: 106 | Existing positions closed: 55

20% more funds holding

Funds holding: 236284 (+48)

6% less repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 78

10.87% less ownership

Funds ownership: 94.31%83.45% (-11%)

24% less call options, than puts

Call options by funds: $40.7M | Put options by funds: $53.4M

55% less capital invested

Capital invested by funds: $2.79B → $1.25B (-$1.55B)

60% less funds holding in top 10

Funds holding in top 10: 52 (-3)

Holders
284
Holders Change
+48
Holders Change %
+20.34%
% of All Funds
6.26%
Holding in Top 10
2
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-60%
% of All Funds
0.04%
New
106
Increased
73
Reduced
78
Closed
55
Calls
$40.7M
Puts
$53.4M
Net Calls
-$12.7M
Net Calls Change
-$24.4M
Name Holding Trade Value Shares
Change
Change in
Stake
SAM
51
Scopus Asset Management
New York
$2.91M +$5.78M +230,067 New
Manulife (Manufacturers Life Insurance)
52
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$2.82M -$7.16M -284,842 -56%
PFC
53
Phocas Financial Corp
California
$2.71M -$2.95M -117,528 -35%
Swiss National Bank
54
Swiss National Bank
Switzerland
$2.7M +$72.9K +2,900 +1%
SCP
55
Searchlight Capital Partners
New York
$2.53M +$5.03M +200,000 New
UBS Group
56
UBS Group
Switzerland
$2.46M -$535K -21,305 -10%
LSV Asset Management
57
LSV Asset Management
Illinois
$2.45M
BBVA
58
Banco Bilbao Vizcaya Argentaria
Spain
$2.4M +$1.87M +74,473 +65%
PPA
59
Parametric Portfolio Associates
Washington
$2.33M -$1.99M -79,110 -30%
Nomura Holdings
60
Nomura Holdings
Japan
$2.3M +$3.01M +119,844 +192%
RJA
61
Raymond James & Associates
Florida
$2.23M +$3.21M +127,874 +262%
Los Angeles Capital Management
62
Los Angeles Capital Management
California
$2.21M +$275K +10,941 +7%
Legal & General Group
63
Legal & General Group
United Kingdom
$2.18M +$284K +11,317 +7%
California State Teachers Retirement System (CalSTRS)
64
California State Teachers Retirement System (CalSTRS)
California
$2.1M -$47K -1,872 -1%
VOYA Investment Management
65
VOYA Investment Management
Georgia
$2.04M +$759K +30,221 +23%
UBS AM
66
UBS AM
Illinois
$1.83M +$416K +16,546 +13%
Royal Bank of Canada
67
Royal Bank of Canada
Ontario, Canada
$1.8M +$2.68M +106,795 +299%
New York State Common Retirement Fund
68
New York State Common Retirement Fund
New York
$1.75M -$13.3M -528,601 -79%
Stifel Financial
69
Stifel Financial
Missouri
$1.52M -$176K -7,017 -6%
ECM
70
Evergreen Capital Management
Washington
$1.49M +$2.95M +117,375 New
Deutsche Bank
71
Deutsche Bank
Germany
$1.47M -$4.89M -194,651 -63%
OTPPB
72
Ontario Teachers' Pension Plan Board
Ontario, Canada
$1.46M +$2.9M +115,462 New
Assenagon Asset Management
73
Assenagon Asset Management
Luxembourg
$1.43M +$2.83M +112,659 New
MIM
74
MetLife Investment Management
New Jersey
$1.4M
FC
75
FORA Capital
Florida
$1.31M +$2.6M +103,560 New

PENN Hedge Fund Activity: Q1 2020 in Review

284 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q1 2020, worth a combined $1.25B — down 55% from $2.79B a quarter earlier.

Buyers outnumbered sellers: 106 funds opened new PENN positions and 55 closed out — a net gain of 51 holders — while 73 added to existing stakes and 78 trimmed.

The largest buyer was Eminence Capital, opening a new position worth an estimated $54.7M. The largest seller was Nuveen, cutting an estimated $134M.

  • 284 institutional investors held PENN Entertainment (PENN) as of Q1 2020, up from 236 in Q4 2019.
  • Funds reported $1.25B of PENN Entertainment stock for Q1 2020, down 55% quarter-over-quarter.
  • 106 funds opened new PENN Entertainment positions in Q1 2020 and 55 closed out, a net change of +51 holders.
  • The largest PENN Entertainment buyer in Q1 2020 was Eminence Capital, an estimated $54.7M added.
  • The largest PENN Entertainment seller in Q1 2020 was Nuveen, an estimated $134M sold.

Based on aggregated 13F filings for Q1 2020.