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PENN Entertainment
PENN

201 hedge funds and large institutions have $1.16B invested in PENN Entertainment in 2016 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 63 increasing their positions, 63 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

3,619% more call options, than puts

Call options by funds: $28.3M | Put options by funds: $760K

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

31% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 26

3% more funds holding

Funds holding: 195 → 201 (+6)

0% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 63

14% less capital invested

Capital invested by funds: $1.35B → $1.16B (-$189M)

Holders
201
Holders Change
+6
Holders Change %
+3.08%
% of All Funds
5.36%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.11%
New
34
Increased
63
Reduced
63
Closed
26
Calls
$28.3M
Puts
$760K
Net Calls
+$27.5M
Net Calls Change
+$11.5M

Top Buyers

1
CIP
Chartwell Investment Partners
Pennsylvania
+$28.4M
2
RIM
RS Investment Management
California
+$25.4M
3
WRF
Waddell & Reed Financial
Kansas
+$18.9M
4
Millennium Management
Millennium Management
New York
+$16.7M
5
HVCM
HG Vora Capital Management
New York
+$15.7M

Top Sellers

1
HCM
Highline Capital Management
New York
-$30.9M
2
FAM
Fred Alger Management
New York
-$22.2M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$21.7M
4
PCM
PAR Capital Management
Massachusetts
-$15.7M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$13.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
MLICM
101
Metropolitan Life Insurance Company (MetLife)
New York
$813K – – –
TI
102
Trexquant Investment
Connecticut
$813K +$127K +8,144 +16%
UMA
103
USA Mutuals Advisors
Texas
$809K – – –
UBS AM
104
UBS AM
Illinois
$741K +$124K +7,900 +17%
Manulife (Manufacturers Life Insurance)
105
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$712K -$27.5K -1,757 -3%
NFA
106
Nationwide Fund Advisors
Ohio
$695K -$22.3K -1,426 -3%
FAAS
107
First Allied Advisory Services
California
$684K -$6.51K -416 -0.8%
JMPWA
108
JP Morgan Private Wealth Advisors
California
$676K – – –
Stifel Financial
109
Stifel Financial
Missouri
$674K -$478K -30,548 -39%
AIG
110
American International Group
New York
$599K -$60K -3,831 -8%
CSS
111
Cubist Systematic Strategies
Connecticut
$544K -$84.1K -5,372 -12%
SAM
112
Symphony Asset Management
California
$516K -$205K -13,081 -26%
DCM
113
Dynamic Capital Management
Jersey
$516K +$580K +37,022 New
CCIA
114
Campbell & Co Investment Adviser
Maryland
$497K +$558K +35,657 New
VOYA Investment Management
115
VOYA Investment Management
Georgia
$494K – – –
BA
116
BlackRock Advisors
Delaware
$493K -$20.7K -1,320 -4%
Massachusetts Financial Services
117
Massachusetts Financial Services
Massachusetts
$478K -$33.3K -2,128 -6%
GF
118
Gabelli Funds
New York
$474K -$62.6K -4,000 -11%
DTL
119
Dynamic Technology Lab
Singapore
$473K +$313K +20,010 +144%
Tudor Investment Corp
120
Tudor Investment Corp
Connecticut
$445K +$103K +6,600 +26%
AQR Capital Management
121
AQR Capital Management
Connecticut
$432K -$365K -23,334 -43%
TSS
122
Two Sigma Securities
New York
$423K +$475K +30,333 New
PM
123
Parametrica Management
Hong Kong
$418K +$469K +29,973 New
OAM
124
Oberweis Asset Management
Illinois
$417K -$84.5K -5,400 -15%
SSA
125
Schonfeld Strategic Advisors
New York
$417K +$468K +29,906 New
3 4
5
6 7

PENN Hedge Fund Activity: Q2 2016 in Review

201 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q2 2016, worth a combined $1.16B — down 14% from $1.35B a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new PENN positions and 26 closed out — a net gain of 8 holders — while 63 added to existing stakes and 63 trimmed.

The largest buyer was Chartwell Investment Partners, opening a new position worth an estimated $28.4M. The largest seller was Highline Capital Management, cutting an estimated $30.9M.

  • 201 institutional investors held PENN Entertainment (PENN) as of Q2 2016, up from 195 in Q1 2016.
  • Funds reported $1.16B of PENN Entertainment stock for Q2 2016, down 14% quarter-over-quarter.
  • 34 funds opened new PENN Entertainment positions in Q2 2016 and 26 closed out, a net change of +8 holders.
  • The largest PENN Entertainment buyer in Q2 2016 was Chartwell Investment Partners, an estimated $28.4M added.
  • The largest PENN Entertainment seller in Q2 2016 was Highline Capital Management, an estimated $30.9M sold.

Based on aggregated 13F filings for Q2 2016.