PENN Entertainment
PENN
571 hedge funds and large institutions have $7.08B invested in PENN Entertainment in 2021 Q4 according to their latest regulatory filings, with 106 funds opening new positions, 225 increasing their positions, 163 reducing their positions, and 125 closing their positions.
38% more repeat investments, than reductions
Existing positions increased: 225 | Existing positions reduced: 163
22% more call options, than puts
Call options by funds: $496M | Put options by funds: $406M
5% less funds holding
Funds holding: 600 → 571 (-29)
5.22% less ownership
Funds ownership: 85.85% → 80.63% (-5.2%)
15% less first-time investments, than exits
New positions opened: 106 | Existing positions closed: 125
27% less capital invested
Capital invested by funds: $9.75B → $7.08B (-$2.67B)
33% less funds holding in top 10
Funds holding in top 10: 12 → 8 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Natixis
Paris,
France
|
+$138M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$82.6M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$64.3M |
| 4 |
Voloridge Investment Management
Jupiter,
Florida
|
+$63.2M |
| 5 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$59.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
Atreides Management
Boston,
Massachusetts
|
-$350M |
| 2 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
-$148M |
| 3 |
JCAM
Jericho Capital Asset Management
New York
|
-$65.6M |
| 4 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$60.3M |
| 5 |
GCM
Graham Capital Management
Rowayton,
Connecticut
|
-$39.5M |
PENN Hedge Fund Activity: Q4 2021 in Review
571 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q4 2021, worth a combined $7.08B — down 27% from $9.75B a quarter earlier.
Sellers outnumbered buyers: 125 funds closed out of PENN and 106 opened new positions — a net loss of 19 holders — while 163 trimmed existing stakes and 225 added.
The largest buyer was Natixis, adding an estimated $138M. The largest seller was Atreides Management, exiting entirely with an estimated $350M sold.
- 571 institutional investors held PENN Entertainment (PENN) as of Q4 2021, down from 600 in Q3 2021.
- Funds reported $7.08B of PENN Entertainment stock for Q4 2021, down 27% quarter-over-quarter.
- 106 funds opened new PENN Entertainment positions in Q4 2021 and 125 closed out, a net change of -19 holders.
- The largest PENN Entertainment buyer in Q4 2021 was Natixis, an estimated $138M added.
- The largest PENN Entertainment seller in Q4 2021 was Atreides Management, an estimated $350M sold.
Based on aggregated 13F filings for Q4 2021.