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PENN Entertainment

230 hedge funds and large institutions have $2.76B invested in PENN Entertainment in 2017 Q4 according to their latest regulatory filings, with 51 funds opening new positions, 65 increasing their positions, 79 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

858% more call options, than puts

Call options by funds: $25.2M | Put options by funds: $2.63M

55% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 33

30% more capital invested

Capital invested by funds: $2.12B → $2.76B (+$634M)

8% more funds holding

Funds holding: 212230 (+18)

0% more funds holding in top 10

Funds holding in top 10: 22 (0)

0.27% less ownership

Funds ownership: 99.36%99.09% (-0.27%)

18% less repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 79

Holders
230
Holders Change
+18
Holders Change %
+8.49%
% of All Funds
5.22%
Holding in Top 10
2
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.05%
New
51
Increased
65
Reduced
79
Closed
33
Calls
$25.2M
Puts
$2.63M
Net Calls
+$22.6M
Net Calls Change
+$109K
Name Holding Trade Value Shares
Change
Change in
Stake
State Board of Administration of Florida Retirement System
76
State Board of Administration of Florida Retirement System
Florida
$3.82M +$44.8K +1,659 +1%
First Trust Advisors
77
First Trust Advisors
Illinois
$3.74M -$691K -25,601 -18%
DCM
78
Dupont Capital Management
Delaware
$3.57M +$3.07M +113,909 New
PP
79
PDT Partners
New York
$3.42M -$1.87M -69,306 -39%
CS
80
Credit Suisse
Switzerland
$3.41M -$223K -8,260 -7%
DCM
81
Driehaus Capital Management
Illinois
$3.24M -$797K -29,534 -22%
JIR
82
James Investment Research
Ohio
$3.24M +$2.76M +102,165 +8,807%
EARNEST Partners
83
EARNEST Partners
Georgia
$3.23M -$39.4M -1,459,132 -93%
PGCM
84
Prescott Group Capital Management
Oklahoma
$3.22M
Stifel Financial
85
Stifel Financial
Missouri
$3.18M -$1.14M -42,136 -29%
LCM
86
Laurion Capital Management
New York
$3.05M +$2.63M +97,469 New
C
87
Chescapmanager
Maryland
$3.01M +$2.59M +96,000 New
Rafferty Asset Management
88
Rafferty Asset Management
New York
$2.96M +$2.55M +94,515 New
Ohio Public Employees Retirement System (OPERS)
89
Ohio Public Employees Retirement System (OPERS)
Ohio
$2.8M +$141K +5,231 +6%
MAM
90
Martingale Asset Management
Massachusetts
$2.55M +$486 +18 +0%
IA
91
IndexIQ Advisors
New York
$2.4M +$794K +29,411 +63%
Comerica Bank
92
Comerica Bank
Texas
$2.34M -$75.7K -2,806 -4%
SFA
93
Sequoia Financial Advisors
Ohio
$2.34M +$2.02M +74,683 New
AQR Capital Management
94
AQR Capital Management
Connecticut
$2.31M +$510K +18,900 +34%
GC
95
Guggenheim Capital
Illinois
$2.29M -$145K -5,389 -7%
O
96
OppenheimerFunds
New York
$2.2M -$632K -23,425 -25%
Wellington Management Group
97
Wellington Management Group
Massachusetts
$2.19M +$1.89M +69,954 New
BCM
98
BlueMar Capital Management
Florida
$2.17M +$115K +4,266 +7%
ERSOT
99
Employees Retirement System of Texas
Texas
$2.16M
OSAM
100
O'Shaughnessy Asset Management
Connecticut
$2.15M +$1.1M +40,943 +147%

PENN Hedge Fund Activity: Q4 2017 in Review

230 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q4 2017, worth a combined $2.76B — up 30% from $2.12B a quarter earlier.

Buyers outnumbered sellers: 51 funds opened new PENN positions and 33 closed out — a net gain of 18 holders — while 65 added to existing stakes and 79 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $40.3M. The largest seller was HG Vora Capital Management, cutting an estimated $114M.

  • 230 institutional investors held PENN Entertainment (PENN) as of Q4 2017, up from 212 in Q3 2017.
  • Funds reported $2.76B of PENN Entertainment stock for Q4 2017, up 30% quarter-over-quarter.
  • 51 funds opened new PENN Entertainment positions in Q4 2017 and 33 closed out, a net change of +18 holders.
  • The largest PENN Entertainment buyer in Q4 2017 was Goldman Sachs, an estimated $40.3M added.
  • The largest PENN Entertainment seller in Q4 2017 was HG Vora Capital Management, an estimated $114M sold.

Based on aggregated 13F filings for Q4 2017.