PENN Entertainment
PENN
582 hedge funds and large institutions have $10.1B invested in PENN Entertainment in 2021 Q2 according to their latest regulatory filings, with 117 funds opening new positions, 220 increasing their positions, 158 reducing their positions, and 125 closing their positions.
39% more repeat investments, than reductions
Existing positions increased: 220 | Existing positions reduced: 158
14% more call options, than puts
Call options by funds: $677M | Put options by funds: $594M
6% less first-time investments, than exits
New positions opened: 117 | Existing positions closed: 125
2% less funds holding
Funds holding: 594 → 582 (-12)
2.44% less ownership
Funds ownership: 86.87% → 84.43% (-2.4%)
29% less capital invested
Capital invested by funds: $14.2B → $10.1B (-$4.15B)
38% less funds holding in top 10
Funds holding in top 10: 8 → 5 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
+$215M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$96.6M |
| 3 |
Millennium Management
New York
|
+$94.9M |
| 4 |
Morgan Stanley
New York
|
+$90.3M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
+$62.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$262M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$217M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$117M |
| 4 |
JP Morgan Chase
New York
|
-$93.3M |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$87.5M |
PENN Hedge Fund Activity: Q2 2021 in Review
582 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q2 2021, worth a combined $10.1B — down 29% from $14.2B a quarter earlier.
Sellers outnumbered buyers: 125 funds closed out of PENN and 117 opened new positions — a net loss of 8 holders — while 158 trimmed existing stakes and 220 added.
The largest buyer was HG Vora Capital Management, opening a new position worth an estimated $215M. The largest seller was BlackRock, cutting an estimated $262M.
- 582 institutional investors held PENN Entertainment (PENN) as of Q2 2021, down from 594 in Q1 2021.
- Funds reported $10.1B of PENN Entertainment stock for Q2 2021, down 29% quarter-over-quarter.
- 117 funds opened new PENN Entertainment positions in Q2 2021 and 125 closed out, a net change of -8 holders.
- The largest PENN Entertainment buyer in Q2 2021 was HG Vora Capital Management, an estimated $215M added.
- The largest PENN Entertainment seller in Q2 2021 was BlackRock, an estimated $262M sold.
Based on aggregated 13F filings for Q2 2021.