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PENN Entertainment
PENN

444 hedge funds and large institutions have $3.65B invested in PENN Entertainment in 2022 Q3 according to their latest regulatory filings, with 51 funds opening new positions, 124 increasing their positions, 159 reducing their positions, and 95 closing their positions.

New
Increased
Maintained
Reduced
Closed

4.33% more ownership

Funds ownership: 79.46% → 83.79% (+4.3%)

2% less call options, than puts

Call options by funds: $121M | Put options by funds: $123M

9% less capital invested

Capital invested by funds: $4.03B → $3.65B (-$374M)

10% less funds holding

Funds holding: 494 → 444 (-50)

22% less repeat investments, than reductions

Existing positions increased: 124 | Existing positions reduced: 159

25% less funds holding in top 10

Funds holding in top 10: 8 → 6 (-2)

46% less first-time investments, than exits

New positions opened: 51 | Existing positions closed: 95

Holders
444
Holders Change
-50
Holders Change %
-10.12%
% of All Funds
7.65%
Holding in Top 10
6
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-25%
% of All Funds
0.1%
New
51
Increased
124
Reduced
159
Closed
95
Calls
$121M
Puts
$123M
Net Calls
-$1.97M
Net Calls Change
+$41.2M

Top Buyers

1
Goldman Sachs
Goldman Sachs
New York
+$148M
2
BlackRock
BlackRock
New York
+$140M
3
HVCM
HG Vora Capital Management
New York
+$129M
4
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
+$18.5M
5
Bank of America
Bank of America
North Carolina
+$17.4M

Top Sellers

1
Vanguard Group
Vanguard Group
Pennsylvania
-$108M
2
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
-$66M
3
Invesco
Invesco
Georgia
-$49M
4
CIM
Contrarius Investment Management
Jersey
-$46.4M
5
LPC
Long Pond Capital
New York
-$39M
Name Holding Trade Value Shares
Change 		Change in
Stake
Stifel Financial
51
Stifel Financial
Missouri
$8.02M +$562K +17,410 +6%
CSS
52
Cubist Systematic Strategies
Connecticut
$7.76M +$4.68M +145,039 +106%
PI
53
Putnam Investments
Massachusetts
$7.76M +$3.71M +114,959 +69%
First Trust Advisors
54
First Trust Advisors
Illinois
$7.25M +$2.04M +63,066 +31%
Thrivent Financial for Lutherans
55
Thrivent Financial for Lutherans
Minnesota
$7.19M +$1.07M +33,262 +15%
Connor, Clark & Lunn Investment Management (CC&L)
56
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$6.99M +$8.21M +254,207 New
LPL Financial
57
LPL Financial
California
$6.94M +$673K +20,830 +9%
DKCM
58
Davidson Kempner Capital Management
New York
$6.91M -$4.85M -150,142 -37%
AIG
59
American International Group
New York
$6.88M +$6.61M +204,626 +449%
AllianceBernstein
60
AllianceBernstein
Tennessee
$6.8M +$1.25M +38,562 +18%
ECM
61
Evergreen Capital Management
Washington
$6.78M -$1.23M -38,237 -13%
Legal & General Group
62
Legal & General Group
United Kingdom
$6.42M -$45.8K -1,418 -0.6%
CS
63
Credit Suisse
Switzerland
$6.39M +$442K +13,695 +6%
AQR Capital Management
64
AQR Capital Management
Connecticut
$6.06M -$9.22M -285,558 -56%
BNP Paribas Financial Markets
65
BNP Paribas Financial Markets
France
$5.96M +$573K +17,750 +9%
California State Teachers Retirement System (CalSTRS)
66
California State Teachers Retirement System (CalSTRS)
California
$5.67M -$289K -8,946 -4%
HSBC Holdings
67
HSBC Holdings
United Kingdom
$5.67M +$1.87M +57,885 +40%
Parallax Volatility Advisers
68
Parallax Volatility Advisers
California
$5.63M +$32.3K +1,000 +0.5%
PFC
69
Phocas Financial Corp
California
$5.58M +$224K +6,931 +4%
M2MC
70
Matthew 25 Management Corp
Pennsylvania
$5.5M -$484K -15,000 -7%
State Board of Administration of Florida Retirement System
71
State Board of Administration of Florida Retirement System
Florida
$5.31M – – –
Millennium Management
72
Millennium Management
New York
$4.91M -$2.69M -83,386 -32%
ETC
73
Exchange Traded Concepts
Oklahoma
$4.88M -$772K -23,897 -12%
New York State Teachers Retirement System (NYSTRS)
74
New York State Teachers Retirement System (NYSTRS)
New York
$4.86M +$382K +11,836 +7%
HAM
75
Hedges Asset Management
Nevada
$4.79M -$32.3K -1,000 -0.6%
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PENN Hedge Fund Activity: Q3 2022 in Review

444 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q3 2022, worth a combined $3.65B — down 9.3% from $4.03B a quarter earlier.

Sellers outnumbered buyers: 95 funds closed out of PENN and 51 opened new positions — a net loss of 44 holders — while 159 trimmed existing stakes and 124 added.

The largest buyer was Goldman Sachs, adding an estimated $148M. The largest seller was Vanguard Group, cutting an estimated $108M.

  • 444 institutional investors held PENN Entertainment (PENN) as of Q3 2022, down from 494 in Q2 2022.
  • Funds reported $3.65B of PENN Entertainment stock for Q3 2022, down 9.3% quarter-over-quarter.
  • 51 funds opened new PENN Entertainment positions in Q3 2022 and 95 closed out, a net change of -44 holders.
  • The largest PENN Entertainment buyer in Q3 2022 was Goldman Sachs, an estimated $148M added.
  • The largest PENN Entertainment seller in Q3 2022 was Vanguard Group, an estimated $108M sold.

Based on aggregated 13F filings for Q3 2022.