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PENN Entertainment
PENN

444 hedge funds and large institutions have $3.65B invested in PENN Entertainment in 2022 Q3 according to their latest regulatory filings, with 51 funds opening new positions, 124 increasing their positions, 159 reducing their positions, and 95 closing their positions.

New
Increased
Maintained
Reduced
Closed

4.33% more ownership

Funds ownership: 79.46% → 83.79% (+4.3%)

2% less call options, than puts

Call options by funds: $121M | Put options by funds: $123M

9% less capital invested

Capital invested by funds: $4.03B → $3.65B (-$374M)

10% less funds holding

Funds holding: 494 → 444 (-50)

22% less repeat investments, than reductions

Existing positions increased: 124 | Existing positions reduced: 159

25% less funds holding in top 10

Funds holding in top 10: 8 → 6 (-2)

46% less first-time investments, than exits

New positions opened: 51 | Existing positions closed: 95

Holders
444
Holders Change
-50
Holders Change %
-10.12%
% of All Funds
7.65%
Holding in Top 10
6
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-25%
% of All Funds
0.1%
New
51
Increased
124
Reduced
159
Closed
95
Calls
$121M
Puts
$123M
Net Calls
-$1.97M
Net Calls Change
+$41.2M

Top Buyers

1
Goldman Sachs
Goldman Sachs
New York
+$148M
2
BlackRock
BlackRock
New York
+$140M
3
HVCM
HG Vora Capital Management
New York
+$129M
4
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
+$18.5M
5
Bank of America
Bank of America
North Carolina
+$17.4M

Top Sellers

1
Vanguard Group
Vanguard Group
Pennsylvania
-$108M
2
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
-$66M
3
Invesco
Invesco
Georgia
-$49M
4
CIM
Contrarius Investment Management
Jersey
-$46.4M
5
LPC
Long Pond Capital
New York
-$39M
Name Holding Trade Value Shares
Change 		Change in
Stake
SSA
101
Schonfeld Strategic Advisors
New York
$2.39M +$489K +15,147 +21%
Ohio Public Employees Retirement System (OPERS)
102
Ohio Public Employees Retirement System (OPERS)
Ohio
$2.36M -$83.9K -2,598 -3%
ECM
103
ExodusPoint Capital Management
New York
$2.33M +$2.73M +84,628 New
Wolverine Trading
104
Wolverine Trading
Illinois
$2.29M +$2.71M +83,950 New
ACM
105
Aquatic Capital Management
Illinois
$2.07M +$2.43M +75,100 New
PCM
106
Prentice Capital Management
Connecticut
$2.02M -$4.71M -145,791 -67%
Natixis Advisors
107
Natixis Advisors
Massachusetts
$1.93M +$1.01M +31,291 +81%
Janus Henderson Group
108
Janus Henderson Group
United Kingdom
$1.92M +$1.24M +38,464 +123%
Nisa Investment Advisors
109
Nisa Investment Advisors
Missouri
$1.91M -$262K -8,111 -10%
Commonwealth Equity Services
110
Commonwealth Equity Services
Massachusetts
$1.87M +$151K +4,687 +7%
Treasurer of the State of North Carolina
111
Treasurer of the State of North Carolina
North Carolina
$1.86M -$84K -2,600 -4%
RGI
112
River Global Investors
United Kingdom
$1.84M +$459K +14,200 +27%
CIG
113
Consolidated Investment Group
Colorado
$1.74M – – –
GAM
114
Gotham Asset Management
New York
$1.74M -$3.56M -110,268 -64%
COPPSERS
115
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$1.73M +$1.26M +39,066 +164%
APG Asset Management
116
APG Asset Management
Netherlands
$1.69M -$1.75M -54,100 -47%
AIM
117
Aigen Investment Management
New York
$1.69M +$1.98M +61,255 New
Janney Montgomery Scott
118
Janney Montgomery Scott
Pennsylvania
$1.65M +$552K +17,094 +40%
HighTower Advisors
119
HighTower Advisors
Illinois
$1.63M -$90.5K -2,804 -5%
Baird Financial Group
120
Baird Financial Group
Wisconsin
$1.62M +$38.2K +1,184 +2%
Comerica Bank
121
Comerica Bank
Texas
$1.61M +$1.21M +37,578 +254%
T. Rowe Price Associates
122
T. Rowe Price Associates
Maryland
$1.57M -$5.26M -162,944 -74%
ECM
123
Empirical Capital Management
Tennessee
$1.56M -$555K -17,200 -23%
IMRF
124
Illinois Municipal Retirement Fund
Illinois
$1.54M – – –
YCM
125
Yousif Capital Management
Michigan
$1.53M +$1.22M +37,654 +208%
3 4
5
6 7

PENN Hedge Fund Activity: Q3 2022 in Review

444 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q3 2022, worth a combined $3.65B — down 9.3% from $4.03B a quarter earlier.

Sellers outnumbered buyers: 95 funds closed out of PENN and 51 opened new positions — a net loss of 44 holders — while 159 trimmed existing stakes and 124 added.

The largest buyer was Goldman Sachs, adding an estimated $148M. The largest seller was Vanguard Group, cutting an estimated $108M.

  • 444 institutional investors held PENN Entertainment (PENN) as of Q3 2022, down from 494 in Q2 2022.
  • Funds reported $3.65B of PENN Entertainment stock for Q3 2022, down 9.3% quarter-over-quarter.
  • 51 funds opened new PENN Entertainment positions in Q3 2022 and 95 closed out, a net change of -44 holders.
  • The largest PENN Entertainment buyer in Q3 2022 was Goldman Sachs, an estimated $148M added.
  • The largest PENN Entertainment seller in Q3 2022 was Vanguard Group, an estimated $108M sold.

Based on aggregated 13F filings for Q3 2022.