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PENN Entertainment

405 hedge funds and large institutions have $2.69B invested in PENN Entertainment in 2024 Q1 according to their latest regulatory filings, with 62 funds opening new positions, 110 increasing their positions, 137 reducing their positions, and 78 closing their positions.

New
Increased
Maintained
Reduced
Closed

91% more call options, than puts

Call options by funds: $248M | Put options by funds: $130M

20% more funds holding in top 10

Funds holding in top 10: 56 (+1)

4.95% more ownership

Funds ownership: 92.24%97.19% (+4.9%)

5% less funds holding

Funds holding: 426405 (-21)

20% less repeat investments, than reductions

Existing positions increased: 110 | Existing positions reduced: 137

21% less first-time investments, than exits

New positions opened: 62 | Existing positions closed: 78

26% less capital invested

Capital invested by funds: $3.64B → $2.69B (-$948M)

Holders
405
Holders Change
-21
Holders Change %
-4.93%
% of All Funds
5.83%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.09%
New
62
Increased
110
Reduced
137
Closed
78
Calls
$248M
Puts
$130M
Net Calls
+$118M
Net Calls Change
+$29M
Name Holding Trade Value Shares
Change
Change in
Stake
Retirement Systems of Alabama
76
Retirement Systems of Alabama
Alabama
$3.41M -$61.5K -2,977 -2%
CSS
77
Cubist Systematic Strategies
Connecticut
$3.25M -$12.9M -626,456 -78%
New York State Teachers Retirement System (NYSTRS)
78
New York State Teachers Retirement System (NYSTRS)
New York
$3.2M -$310K -15,033 -8%
Two Sigma Investments
79
Two Sigma Investments
New York
$3.17M +$2.63M +127,496 +274%
State of New Jersey Common Pension Fund D
80
State of New Jersey Common Pension Fund D
New Jersey
$3.06M +$1.48M +71,672 +74%
Stifel Financial
81
Stifel Financial
Missouri
$3.04M -$321K -15,531 -9%
Squarepoint
82
Squarepoint
New York
$3.02M +$2.56M +123,995 +294%
Lazard Asset Management
83
Lazard Asset Management
New York
$2.91M +$3.04M +147,079 +1,167%
JFG
84
Jefferies Financial Group
New York
$2.87M -$571K -27,670 -15%
UBS AM
85
UBS AM
Illinois
$2.85M -$78.7K -3,810 -2%
IMRF
86
Illinois Municipal Retirement Fund
Illinois
$2.68M
FA
87
Fountainhead AM
New Jersey
$2.63M +$2.98M +144,497 New
Natixis Advisors
88
Natixis Advisors
Massachusetts
$2.61M -$772K -37,412 -21%
California State Teachers Retirement System (CalSTRS)
89
California State Teachers Retirement System (CalSTRS)
California
$2.55M -$413K -19,998 -12%
TPSF
90
Texas Permanent School Fund
Texas
$2.37M -$15.2K -738 -0.6%
Manulife (Manufacturers Life Insurance)
91
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$2.36M +$82.7K +4,006 +3%
Cetera Investment Advisers
92
Cetera Investment Advisers
Illinois
$2.31M +$1.7M +82,494 +186%
EGM
93
Engineers Gate Manager
New York
$2.3M +$1.82M +88,066 +231%
SSA
94
Schonfeld Strategic Advisors
New York
$2.22M +$2.52M +122,119 New
Hudson Bay Capital Management
95
Hudson Bay Capital Management
Connecticut
$2.18M -$38.8M -1,880,501 -94%
OPCM
96
Osborne Partners Capital Management
California
$2.17M +$107K +5,167 +5%
ETC
97
Exchange Traded Concepts
Oklahoma
$2.03M -$254K -12,320 -10%
GCP
98
GSA Capital Partners
United Kingdom
$1.99M +$1.72M +83,407 +325%
CC
99
Clearline Capital
New York
$1.93M
VOYA Investment Management
100
VOYA Investment Management
Georgia
$1.9M -$705K -34,138 -25%

PENN Hedge Fund Activity: Q1 2024 in Review

405 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q1 2024, worth a combined $2.69B — down 26% from $3.64B a quarter earlier.

Sellers outnumbered buyers: 78 funds closed out of PENN and 62 opened new positions — a net loss of 16 holders — while 137 trimmed existing stakes and 110 added.

The largest buyer was Shapiro Capital Management, adding an estimated $186M. The largest seller was BAMCO Inc, cutting an estimated $98.9M.

  • 405 institutional investors held PENN Entertainment (PENN) as of Q1 2024, down from 426 in Q4 2023.
  • Funds reported $2.69B of PENN Entertainment stock for Q1 2024, down 26% quarter-over-quarter.
  • 62 funds opened new PENN Entertainment positions in Q1 2024 and 78 closed out, a net change of -16 holders.
  • The largest PENN Entertainment buyer in Q1 2024 was Shapiro Capital Management, an estimated $186M added.
  • The largest PENN Entertainment seller in Q1 2024 was BAMCO Inc, an estimated $98.9M sold.

Based on aggregated 13F filings for Q1 2024.