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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
UBS AM
76
UBS AM
Illinois
$4.46M -$463K -14,336 -8%
RJFSA
77
Raymond James Financial Services Advisors
Florida
$4.37M -$49.1K -1,522 -0.9%
SFI
78
Susquehanna Fundamental Investments
Pennsylvania
$3.97M +$4.65M +144,154 New
SC
79
Shellback Capital
Massachusetts
$3.58M -$1.29M -40,000 -24%
Manulife (Manufacturers Life Insurance)
80
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$3.54M +$527K +16,308 +14%
MOACM
81
Mutual of America Capital Management
New York
$3.45M +$3.34M +103,340 +469%
CCM
82
Campbell Capital Management
Florida
$3.38M +$3.96M +122,680 New
AB
83
Amalgamated Bank
New York
$3.14M +$1.9M +58,734 +106%
TPSF
84
Texas Permanent School Fund
Texas
$3.14M +$2.99M +92,559 +431%
Amundi
85
Amundi
France
$3.11M +$3.1M +96,117 +3,285%
JF
86
Jump Financial
Illinois
$2.97M +$3.07M +95,151 +743%
EAM
87
Eagle Asset Management
Florida
$2.94M – – –
OPCM
88
Osborne Partners Capital Management
California
$2.88M +$171K +5,290 +5%
DA
89
Duality Advisers
Florida
$2.82M +$3.31M +102,597 New
MIM
90
MetLife Investment Management
New Jersey
$2.8M +$1.86M +57,728 +131%
Envestnet Asset Management
91
Envestnet Asset Management
Illinois
$2.77M +$591K +18,296 +22%
RJA
92
Raymond James & Associates
Florida
$2.76M -$1.41M -43,764 -30%
State of New Jersey Common Pension Fund D
93
State of New Jersey Common Pension Fund D
New Jersey
$2.76M – – –
Royal Bank of Canada
94
Royal Bank of Canada
Ontario, Canada
$2.76M -$42.7K -1,323 -1%
Canada Life
95
Canada Life
Manitoba, Canada
$2.73M +$2.37M +73,378 +281%
VOYA Investment Management
96
VOYA Investment Management
Georgia
$2.67M +$1.27M +39,442 +68%
Group One Trading
97
Group One Trading
Illinois
$2.65M +$315K +9,753 +11%
Jane Street
98
Jane Street
New York
$2.57M -$1.42M -43,893 -32%
PCM
99
Parsifal Capital Management
Connecticut
$2.52M – – –
Osaic Holdings
100
Osaic Holdings
Arizona
$2.52M -$23K -713 -0.8%
2 3
4
5 6

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.