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PENN Entertainment

284 hedge funds and large institutions have $1.25B invested in PENN Entertainment in 2020 Q1 according to their latest regulatory filings, with 106 funds opening new positions, 73 increasing their positions, 78 reducing their positions, and 55 closing their positions.

New
Increased
Maintained
Reduced
Closed

93% more first-time investments, than exits

New positions opened: 106 | Existing positions closed: 55

20% more funds holding

Funds holding: 236284 (+48)

6% less repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 78

10.87% less ownership

Funds ownership: 94.31%83.45% (-11%)

24% less call options, than puts

Call options by funds: $40.7M | Put options by funds: $53.4M

55% less capital invested

Capital invested by funds: $2.79B → $1.25B (-$1.55B)

60% less funds holding in top 10

Funds holding in top 10: 52 (-3)

Holders
284
Holders Change
+48
Holders Change %
+20.34%
% of All Funds
6.26%
Holding in Top 10
2
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-60%
% of All Funds
0.04%
New
106
Increased
73
Reduced
78
Closed
55
Calls
$40.7M
Puts
$53.4M
Net Calls
-$12.7M
Net Calls Change
-$24.4M
Name Holding Trade Value Shares
Change
Change in
Stake
State Board of Administration of Florida Retirement System
101
State Board of Administration of Florida Retirement System
Florida
$823K
BCM
102
Bridgeway Capital Management
Texas
$822K +$1.63M +65,000 New
QI
103
QS Investors
New York
$797K -$151K -6,000 -9%
MLICM
104
Metropolitan Life Insurance Company (MetLife)
New York
$755K -$60.2K -2,396 -4%
MSA
105
Mason Street Advisors
Wisconsin
$733K
BC
106
Beaconlight Capital
New York
$729K +$1.45M +57,608 New
Canada Life
107
Canada Life
Manitoba, Canada
$720K +$129K +5,128 +10%
Commonwealth Equity Services
108
Commonwealth Equity Services
Massachusetts
$718K +$1.08M +42,791 +306%
Truist Financial
109
Truist Financial
North Carolina
$706K +$594K +23,642 +74%
DTL
110
Dynamic Technology Lab
Singapore
$697K +$1.39M +55,118 New
VRS
111
Virginia Retirement Systems
Virginia
$688K -$244K -9,700 -15%
Comerica Bank
112
Comerica Bank
Texas
$681K -$3.87K -154 -0.3%
CSS
113
Cubist Systematic Strategies
Connecticut
$664K -$284K -11,320 -18%
First Trust Advisors
114
First Trust Advisors
Illinois
$640K -$1.09M -43,359 -46%
BPM
115
Bowling Portfolio Management
Ohio
$640K +$1.27M +50,576 New
LPL Financial
116
LPL Financial
California
$637K +$996K +39,652 +371%
American Century Companies
117
American Century Companies
Missouri
$629K +$830K +33,044 +198%
ACP
118
Aviance Capital Partners
Florida
$622K -$1.37M -54,676 -53%
Osaic Holdings
119
Osaic Holdings
Arizona
$602K +$1.51M +60,136 New
FFH
120
Fairfax Financial Holdings
Ontario, Canada
$581K -$477K -19,000 -29%
Ohio Public Employees Retirement System (OPERS)
121
Ohio Public Employees Retirement System (OPERS)
Ohio
$573K +$196K +7,807 +21%
BNP Paribas Financial Markets
122
BNP Paribas Financial Markets
France
$565K -$129K -5,129 -10%
MGWM
123
Marks Group Wealth Management
Minnesota
$556K +$102K +4,046 +10%
JGC
124
J. Goldman & Co
New York
$551K +$1.09M +43,556 New
CCM
125
Channing Capital Management
Illinois
$528K -$43.9M -1,745,260 -98%

PENN Hedge Fund Activity: Q1 2020 in Review

284 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q1 2020, worth a combined $1.25B — down 55% from $2.79B a quarter earlier.

Buyers outnumbered sellers: 106 funds opened new PENN positions and 55 closed out — a net gain of 51 holders — while 73 added to existing stakes and 78 trimmed.

The largest buyer was Eminence Capital, opening a new position worth an estimated $54.7M. The largest seller was Nuveen, cutting an estimated $134M.

  • 284 institutional investors held PENN Entertainment (PENN) as of Q1 2020, up from 236 in Q4 2019.
  • Funds reported $1.25B of PENN Entertainment stock for Q1 2020, down 55% quarter-over-quarter.
  • 106 funds opened new PENN Entertainment positions in Q1 2020 and 55 closed out, a net change of +51 holders.
  • The largest PENN Entertainment buyer in Q1 2020 was Eminence Capital, an estimated $54.7M added.
  • The largest PENN Entertainment seller in Q1 2020 was Nuveen, an estimated $134M sold.

Based on aggregated 13F filings for Q1 2020.