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PENN Entertainment
PENN

231 hedge funds and large institutions have $2.13B invested in PENN Entertainment in 2019 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 86 increasing their positions, 76 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

118% more call options, than puts

Call options by funds: $15.4M | Put options by funds: $7.06M

13% more repeat investments, than reductions

Existing positions increased: 86 | Existing positions reduced: 76

11% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 28

1% more funds holding

Funds holding: 229 → 231 (+2)

0.53% more ownership

Funds ownership: 99.53% → 100.06% (+0.53%)

4% less capital invested

Capital invested by funds: $2.21B → $2.13B (-$78.2M)

29% less funds holding in top 10

Funds holding in top 10: 7 → 5 (-2)

Holders
231
Holders Change
+2
Holders Change %
+0.87%
% of All Funds
5.07%
Holding in Top 10
5
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-28.57%
% of All Funds
0.11%
New
31
Increased
86
Reduced
76
Closed
28
Calls
$15.4M
Puts
$7.06M
Net Calls
+$8.36M
Net Calls Change
+$2.59M

Top Buyers

Rank Fund Capital Flow
1
HVCM
HG Vora Capital Management
New York
+$32.2M
2
BAMCO Inc
BAMCO Inc
New York
+$25.9M
3
BlackRock
BlackRock
New York
+$23.2M
4
Prudential Financial
Prudential Financial
New Jersey
+$22.7M
5
N
Nuveen
North Carolina
+$15.6M

Top Sellers

Rank Fund Capital Flow
1
BHG
Blue Harbour Group
Connecticut
-$58M
2
Morgan Stanley
Morgan Stanley
New York
-$22.5M
3
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$18M
4
CS
Credit Suisse
Switzerland
-$17.8M
5
HIM
Hanlon Investment Management
New Jersey
-$15.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
New York State Teachers Retirement System (NYSTRS)
101
New York State Teachers Retirement System (NYSTRS)
New York
$1.07M – – –
MSA
102
Mason Street Advisors
Wisconsin
$1.06M +$5.7K +301 +0.5%
CCIA
103
Campbell & Co Investment Adviser
Maryland
$1.04M +$804K +42,493 +321%
Comerica Bank
104
Comerica Bank
Texas
$1.02M +$4.79K +253 +0.5%
SG Americas Securities
105
SG Americas Securities
New York
$981K +$200K +10,590 +25%
VI
106
Versor Investments
New York
$898K +$912K +48,200 New
Point72 Asset Management
107
Point72 Asset Management
Connecticut
$869K +$883K +46,645 New
Envestnet Asset Management
108
Envestnet Asset Management
Illinois
$838K +$131K +6,896 +18%
OPERF
109
Oregon Public Employees Retirement Fund
Oregon
$833K +$16K +843 +2%
EMG
110
Ellington Management Group
Connecticut
$824K +$837K +44,236 New
BAM
111
Blueshift Asset Management
New Jersey
$811K +$378K +19,990 +85%
PCM
112
Prelude Capital Management
New York
$792K +$670K +35,386 +495%
AIP
113
Ameritas Investment Partners
Nebraska
$755K – – –
PGCM
114
Prescott Group Capital Management
Oklahoma
$745K – – –
SCI
115
Stableford Capital II
Arizona
$741K +$754K +39,812 New
Pacer Advisors
116
Pacer Advisors
Pennsylvania
$731K -$57.9K -3,061 -7%
ARTA
117
A.R.T. Advisors
New York
$691K +$703K +37,113 New
SEI Investments
118
SEI Investments
Pennsylvania
$690K +$38.9K +2,054 +6%
ANTB
119
AMG National Trust Bank
Colorado
$681K +$31K +1,638 +5%
Federated Hermes
120
Federated Hermes
Pennsylvania
$677K -$26.2K -1,386 -4%
ECM
121
ETrade Capital Management
Virginia
$658K -$4.92K -260 -0.7%
US Bancorp
122
US Bancorp
Minnesota
$637K -$107K -5,631 -14%
CC
123
Cipher Capital
New York
$618K +$628K +33,168 New
QIM
124
Quantitative Investment Management
Virginia
$601K -$404K -21,365 -40%
SOMRS
125
State of Michigan Retirement System
Michigan
$589K – – –
3 4
5
6 7

PENN Hedge Fund Activity: Q3 2019 in Review

231 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q3 2019, worth a combined $2.13B — down 3.5% from $2.21B a quarter earlier.

Buyers outnumbered sellers: 31 funds opened new PENN positions and 28 closed out — a net gain of 3 holders — while 86 added to existing stakes and 76 trimmed.

The largest buyer was HG Vora Capital Management, adding an estimated $32.2M. The largest seller was Blue Harbour Group, exiting entirely with an estimated $58M sold.

  • 231 institutional investors held PENN Entertainment (PENN) as of Q3 2019, up from 229 in Q2 2019.
  • Funds reported $2.13B of PENN Entertainment stock for Q3 2019, down 3.5% quarter-over-quarter.
  • 31 funds opened new PENN Entertainment positions in Q3 2019 and 28 closed out, a net change of +3 holders.
  • The largest PENN Entertainment buyer in Q3 2019 was HG Vora Capital Management, an estimated $32.2M added.
  • The largest PENN Entertainment seller in Q3 2019 was Blue Harbour Group, an estimated $58M sold.

Based on aggregated 13F filings for Q3 2019.