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PENN Entertainment
PENN

493 hedge funds and large institutions have $12.2B invested in PENN Entertainment in 2020 Q4 according to their latest regulatory filings, with 124 funds opening new positions, 168 increasing their positions, 148 reducing their positions, and 67 closing their positions.

New
Increased
Maintained
Reduced
Closed

85% more first-time investments, than exits

New positions opened: 124 | Existing positions closed: 67

39% more call options, than puts

Call options by funds: $755M | Put options by funds: $542M

23% more capital invested

Capital invested by funds: $9.95B → $12.2B (+$2.25B)

14% more repeat investments, than reductions

Existing positions increased: 168 | Existing positions reduced: 148

12% more funds holding

Funds holding: 439 → 493 (+54)

1.54% more ownership

Funds ownership: 89.65% → 91.19% (+1.5%)

39% less funds holding in top 10

Funds holding in top 10: 18 → 11 (-7)

Holders
493
Holders Change
+54
Holders Change %
+12.3%
% of All Funds
8.72%
Holding in Top 10
11
Holding in Top 10 Change
-7
Holding in Top 10 Change %
-38.89%
% of All Funds
0.19%
New
124
Increased
168
Reduced
148
Closed
67
Calls
$755M
Puts
$542M
Net Calls
+$213M
Net Calls Change
+$85.1M

Top Buyers

1
BlackRock
BlackRock
New York
+$185M
2
Invesco
Invesco
Georgia
+$92.4M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$65.5M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$52.9M
5
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
+$46.4M

Top Sellers

1
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$58.1M
2
Voloridge Investment Management
Voloridge Investment Management
Florida
-$49.9M
3
CCM
CAAS Capital Management
New York
-$42M
4
JCAM
Jericho Capital Asset Management
New York
-$41M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$35.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Stifel Financial
101
Stifel Financial
Missouri
$9.05M +$1.43M +20,018 +24%
MCM
102
McKinley Capital Management
Alaska
$9.01M +$7.45M +104,367 New
ECM
103
ExodusPoint Capital Management
New York
$8.92M +$6.76M +94,708 +1,105%
UBS Group
104
UBS Group
Switzerland
$8.85M -$1.9M -26,645 -21%
Lazard Asset Management
105
Lazard Asset Management
New York
$8.73M +$7.21M +101,089 New
OC
106
Oppenheimer & Co
New York
$8.65M -$370K -5,191 -5%
Comerica Bank
107
Comerica Bank
Texas
$8.41M -$556K -7,786 -9%
State of New Jersey Common Pension Fund D
108
State of New Jersey Common Pension Fund D
New Jersey
$8.27M +$787K +11,032 +13%
AQR Capital Management
109
AQR Capital Management
Connecticut
$8.25M +$724K +10,149 +12%
ACH
110
ArrowMark Colorado Holdings
Colorado
$8.21M -$357K -5,000 -5%
Marshall Wace
111
Marshall Wace
United Kingdom
$7.78M +$6.43M +90,062 New
CM
112
Castleark Management
Illinois
$7.44M -$2.41M -33,730 -28%
ECM
113
Evergreen Capital Management
Washington
$7.37M +$434K +6,076 +8%
SC
114
Shellback Capital
Massachusetts
$7.34M -$23.9M -335,000 -80%
MSL
115
Mackay Shields LLC
New York
$7.32M +$685K +9,600 +13%
GPCM
116
Granite Point Capital Management
Massachusetts
$6.91M – – –
Assenagon Asset Management
117
Assenagon Asset Management
Luxembourg
$6.84M +$1.57M +22,048 +39%
MSA
118
Mason Street Advisors
Wisconsin
$6.81M +$125K +1,751 +2%
Walleye Trading
119
Walleye Trading
New York
$6.75M -$2.51M -35,241 -31%
AG
120
Aperio Group
California
$6.26M +$227K +3,183 +5%
Bank of Montreal
121
Bank of Montreal
Ontario, Canada
$6.26M +$2.69M +37,640 +152%
TG
122
TCW Group
California
$6.26M +$4.29M +60,177 +491%
6C
123
6elm Capital
New York
$6.24M +$5.15M +72,200 New
Royal Bank of Canada
124
Royal Bank of Canada
Ontario, Canada
$6.16M +$1.42M +19,902 +39%
JG
125
Jefferies Group
New York
$6.13M -$286K -4,010 -5%
3 4
5
6 7

PENN Hedge Fund Activity: Q4 2020 in Review

493 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q4 2020, worth a combined $12.2B — up 23% from $9.95B a quarter earlier.

Buyers outnumbered sellers: 124 funds opened new PENN positions and 67 closed out — a net gain of 57 holders — while 168 added to existing stakes and 148 trimmed.

The largest buyer was BlackRock, adding an estimated $185M. The largest seller was Lord, Abbett & Co, cutting an estimated $58.1M.

  • 493 institutional investors held PENN Entertainment (PENN) as of Q4 2020, up from 439 in Q3 2020.
  • Funds reported $12.2B of PENN Entertainment stock for Q4 2020, up 23% quarter-over-quarter.
  • 124 funds opened new PENN Entertainment positions in Q4 2020 and 67 closed out, a net change of +57 holders.
  • The largest PENN Entertainment buyer in Q4 2020 was BlackRock, an estimated $185M added.
  • The largest PENN Entertainment seller in Q4 2020 was Lord, Abbett & Co, an estimated $58.1M sold.

Based on aggregated 13F filings for Q4 2020.