PENN Entertainment
PENN
195 hedge funds and large institutions have $1.35B invested in PENN Entertainment in 2016 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 80 increasing their positions, 52 reducing their positions, and 27 closing their positions.
1,003% more call options, than puts
Call options by funds: $17.6M | Put options by funds: $1.59M
54% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 52
11% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 27
1% more funds holding
Funds holding: 193 → 195 (+2)
2% more capital invested
Capital invested by funds: $1.33B → $1.35B (+$21.1M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
+$13.8M |
| 2 |
MP
Manikay Partners
New York
|
+$12.9M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$9.16M |
| 4 |
Renaissance Technologies
New York
|
+$7.2M |
| 5 |
FAM
Fred Alger Management
New York
|
+$5.95M |
Top Sellers
| 1 |
FMA
Fiduciary Management Associates
Chicago,
Illinois
|
-$23M |
| 2 |
LCM
Lomas Capital Management
New York
|
-$19.3M |
| 3 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$16.8M |
| 4 |
Millennium Management
New York
|
-$14.8M |
| 5 |
PC
PointState Capital
New York
|
-$13.1M |
PENN Hedge Fund Activity: Q1 2016 in Review
195 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q1 2016, worth a combined $1.35B — up 1.6% from $1.33B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new PENN positions and 27 closed out — a net gain of 3 holders — while 80 added to existing stakes and 52 trimmed.
The largest buyer was Balyasny Asset Management, adding an estimated $13.8M. The largest seller was Fiduciary Management Associates, exiting entirely with an estimated $23M sold.
- 195 institutional investors held PENN Entertainment (PENN) as of Q1 2016, up from 193 in Q4 2015.
- Funds reported $1.35B of PENN Entertainment stock for Q1 2016, up 1.6% quarter-over-quarter.
- 30 funds opened new PENN Entertainment positions in Q1 2016 and 27 closed out, a net change of +3 holders.
- The largest PENN Entertainment buyer in Q1 2016 was Balyasny Asset Management, an estimated $13.8M added.
- The largest PENN Entertainment seller in Q1 2016 was Fiduciary Management Associates, an estimated $23M sold.
Based on aggregated 13F filings for Q1 2016.