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PENN Entertainment
PENN

204 hedge funds and large institutions have $1.59B invested in PENN Entertainment in 2017 Q1 according to their latest regulatory filings, with 50 funds opening new positions, 68 increasing their positions, 53 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

416% more call options, than puts

Call options by funds: $26M | Put options by funds: $5.04M

43% more first-time investments, than exits

New positions opened: 50 | Existing positions closed: 35

35% more capital invested

Capital invested by funds: $1.17B → $1.59B (+$416M)

28% more repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 53

5% more funds holding

Funds holding: 195 → 204 (+9)

7.01% less ownership

Funds ownership: 101.82% → 94.81% (-7%)

33% less funds holding in top 10

Funds holding in top 10: 6 → 4 (-2)

Holders
204
Holders Change
+9
Holders Change %
+4.62%
% of All Funds
5.08%
Holding in Top 10
4
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-33.33%
% of All Funds
0.1%
New
50
Increased
68
Reduced
53
Closed
35
Calls
$26M
Puts
$5.04M
Net Calls
+$20.9M
Net Calls Change
+$5.47M

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$130M
2
JP Morgan Chase
JP Morgan Chase
New York
+$25.2M
3
Bank of New York Mellon
Bank of New York Mellon
New York
+$19.6M
4
HVCM
HG Vora Capital Management
New York
+$19.4M
5
Two Sigma Investments
Two Sigma Investments
New York
+$15.7M

Top Sellers

Rank Fund Capital Flow
1
PI
Putnam Investments
Massachusetts
-$24.2M
2
GAM
Goldentree Asset Management
New York
-$22.5M
3
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$21.3M
4
Marshall Wace
Marshall Wace
United Kingdom
-$21.1M
5
BAMCO Inc
BAMCO Inc
New York
-$18.2M
Name Holding Trade Value Shares
Change 		Change in
Stake
Stifel Financial
76
Stifel Financial
Missouri
$2.73M +$322K +21,947 +18%
California State Teachers Retirement System (CalSTRS)
77
California State Teachers Retirement System (CalSTRS)
California
$2.71M -$101K -6,900 -4%
Legal & General Group
78
Legal & General Group
United Kingdom
$2.64M +$1.73M +117,941 +463%
TA
79
Teachers Advisors
New York
$2.51M +$179K +12,186 +10%
CI
80
Cowen Inc
New York
$2.45M +$427K +29,150 +28%
FIM
81
Frontier Investment Management
Texas
$2.44M -$67.9K -4,630 -3%
Credit Agricole
82
Credit Agricole
France
$2.42M +$1.52M +103,362 New
Arrowstreet Capital
83
Arrowstreet Capital
Massachusetts
$2.35M +$1.87M +127,800 New
Swiss National Bank
84
Swiss National Bank
Switzerland
$2.27M – – –
EGM
85
Engineers Gate Manager
New York
$2.19M +$692K +47,223 +66%
TI
86
Trexquant Investment
Connecticut
$2.16M +$1.72M +117,300 New
Canada Life
87
Canada Life
Manitoba, Canada
$2.1M +$1.58M +107,719 +1,688%
AllianceBernstein
88
AllianceBernstein
Tennessee
$2.07M – – –
N
89
Nuveen
North Carolina
$2.03M +$1.62M +110,380 New
Ohio Public Employees Retirement System (OPERS)
90
Ohio Public Employees Retirement System (OPERS)
Ohio
$2M -$232K -15,834 -13%
Russell Investments Group
91
Russell Investments Group
United Kingdom
$1.96M -$5.88M -401,197 -79%
Citigroup
92
Citigroup
New York
$1.91M -$172K -11,699 -10%
PGCM
93
Prescott Group Capital Management
Oklahoma
$1.89M – – –
LPC
94
Lion Point Capital
New York
$1.82M +$1.45M +98,583 New
SEI Investments
95
SEI Investments
Pennsylvania
$1.79M +$1.42M +96,894 +72,853%
AL
96
Airain Ltd
Guernsey
$1.73M +$1.38M +93,825 New
GC
97
Guggenheim Capital
Illinois
$1.69M +$1.09M +74,039 +420%
CIP
98
Convergence Investment Partners
Florida
$1.68M -$362K -24,672 -21%
T. Rowe Price Associates
99
T. Rowe Price Associates
Maryland
$1.66M +$121K +8,278 +10%
QIM
100
Quantitative Investment Management
Virginia
$1.54M +$1.22M +83,400 New
2 3
4
5 6

PENN Hedge Fund Activity: Q1 2017 in Review

204 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q1 2017, worth a combined $1.59B — up 35% from $1.17B a quarter earlier.

Buyers outnumbered sellers: 50 funds opened new PENN positions and 35 closed out — a net gain of 15 holders — while 68 added to existing stakes and 53 trimmed.

The largest buyer was BlackRock, adding an estimated $130M. The largest seller was Putnam Investments, cutting an estimated $24.2M.

  • 204 institutional investors held PENN Entertainment (PENN) as of Q1 2017, up from 195 in Q4 2016.
  • Funds reported $1.59B of PENN Entertainment stock for Q1 2017, up 35% quarter-over-quarter.
  • 50 funds opened new PENN Entertainment positions in Q1 2017 and 35 closed out, a net change of +15 holders.
  • The largest PENN Entertainment buyer in Q1 2017 was BlackRock, an estimated $130M added.
  • The largest PENN Entertainment seller in Q1 2017 was Putnam Investments, an estimated $24.2M sold.

Based on aggregated 13F filings for Q1 2017.