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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
SIM
76
Spark Investment Management
New York
$1.69M +$1.9M +121,200 New
TA
77
Teachers Advisors
New York
$1.67M -$26K -1,661 -1%
HT
78
HAP Trading
New York
$1.63M +$1.82M +116,473 New
Swiss National Bank
79
Swiss National Bank
Switzerland
$1.62M – – –
CI
80
Cowen Inc
New York
$1.57M -$685K -43,727 -28%
AllianceBernstein
81
AllianceBernstein
Tennessee
$1.56M -$64.2K -4,100 -4%
SCA
82
Secor Capital Advisors
New York
$1.49M +$1.67M +106,951 New
IGIM
83
I.G. Investment Management
Manitoba, Canada
$1.48M – – –
PGCM
84
Prescott Group Capital Management
Oklahoma
$1.43M – – –
Los Angeles Capital Management
85
Los Angeles Capital Management
California
$1.43M +$37.3K +2,381 +2%
BIM
86
Bogle Investment Management
Massachusetts
$1.36M -$8.83M -564,192 -85%
CIP
87
Convergence Investment Partners
Florida
$1.31M +$1.47M +93,728 New
BG
88
BlackRock Group
United Kingdom
$1.19M +$326K +20,848 +32%
RhumbLine Advisers
89
RhumbLine Advisers
Massachusetts
$1.18M -$604K -38,606 -31%
CCMH
90
Cornerstone Capital Management Holdings
New York
$1.17M -$3.19M -204,091 -71%
EA
91
Emerald Acquisition
Washington
$1.15M +$1.28M +82,046 New
First Trust Advisors
92
First Trust Advisors
Illinois
$1.12M +$1.25M +80,107 New
NIT
93
NumerixS Investment Technologies
British Columbia, Canada
$1.05M +$409K +26,100 +53%
Bank of America
94
Bank of America
North Carolina
$1.05M +$509K +32,539 +76%
VKH
95
Virtu KCG Holdings
New York
$1.02M +$1.14M +72,912 New
T. Rowe Price Associates
96
T. Rowe Price Associates
Maryland
$1.01M +$373K +23,800 +49%
Parallax Volatility Advisers
97
Parallax Volatility Advisers
California
$932K +$703K +44,886 +205%
State Board of Administration of Florida Retirement System
98
State Board of Administration of Florida Retirement System
Florida
$918K -$2.29K -146 -0.2%
GC
99
Guggenheim Capital
Illinois
$914K -$97.1K -6,206 -9%
Mackenzie Financial
100
Mackenzie Financial
Ontario, Canada
$838K – – –
2 3
4
5 6

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.