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PENN Entertainment
PENN

201 hedge funds and large institutions have $1.16B invested in PENN Entertainment in 2016 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 63 increasing their positions, 63 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

3,619% more call options, than puts

Call options by funds: $28.3M | Put options by funds: $760K

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

31% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 26

3% more funds holding

Funds holding: 195 → 201 (+6)

0% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 63

14% less capital invested

Capital invested by funds: $1.35B → $1.16B (-$189M)

Holders
201
Holders Change
+6
Holders Change %
+3.08%
% of All Funds
5.36%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.11%
New
34
Increased
63
Reduced
63
Closed
26
Calls
$28.3M
Puts
$760K
Net Calls
+$27.5M
Net Calls Change
+$11.5M

Top Buyers

1
CIP
Chartwell Investment Partners
Pennsylvania
+$28.4M
2
RIM
RS Investment Management
California
+$25.4M
3
WRF
Waddell & Reed Financial
Kansas
+$18.9M
4
Millennium Management
Millennium Management
New York
+$16.7M
5
HVCM
HG Vora Capital Management
New York
+$15.7M

Top Sellers

1
HCM
Highline Capital Management
New York
-$30.9M
2
FAM
Fred Alger Management
New York
-$22.2M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$21.7M
4
PCM
PAR Capital Management
Massachusetts
-$15.7M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$13.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
QIM
151
Quantitative Investment Management
Virginia
$147K +$166K +10,600 New
HSBC Holdings
152
HSBC Holdings
United Kingdom
$146K -$1.78K -114 -1%
Nomura Holdings
153
Nomura Holdings
Japan
$142K +$158K +10,100 New
Teacher Retirement System of Texas
154
Teacher Retirement System of Texas
Texas
$139K +$17.5K +1,119 +13%
Ohio Public Employees Retirement System (OPERS)
155
Ohio Public Employees Retirement System (OPERS)
Ohio
$137K +$31 +2 +0%
UBS Group
156
UBS Group
Switzerland
$135K -$142K -9,060 -48%
AIM
157
Acrospire Investment Management
Illinois
$118K +$38.1K +2,436 +41%
GT
158
Glenmede Trust
Pennsylvania
$117K – – –
BNP Paribas Financial Markets
159
BNP Paribas Financial Markets
France
$108K +$76.2K +4,866 +169%
VanEck Associates
160
VanEck Associates
New York
$105K -$13.1K -837 -10%
Canada Life
161
Canada Life
Manitoba, Canada
$89K – – –
BlackRock
162
BlackRock
New York
$84K +$3.46K +221 +4%
US Bancorp
163
US Bancorp
Minnesota
$77K +$2.74K +175 +3%
SEI Investments
164
SEI Investments
Pennsylvania
$76K -$225K -14,365 -72%
PAM
165
Panagora Asset Management
Massachusetts
$38K -$103K -6,606 -71%
LTFS
166
Ladenburg Thalmann Financial Services
Florida
$38K – – –
PCM
167
Prelude Capital Management
New York
$36K -$511K -32,675 -93%
MPWT
168
MassMutual Private Wealth & Trust
Connecticut
$33.5K – – –
SFG
169
SevenBridge Financial Group
Pennsylvania
$32K +$36.2K +2,315 New
Simplex Trading
170
Simplex Trading
Illinois
$30K +$32.3K +2,064 +1,464%
IR
171
Invictus RG
Bermuda
$26K +$18.7K +1,193 +176%
Royal Bank of Canada
172
Royal Bank of Canada
Ontario, Canada
$24K -$491K -31,372 -95%
GWM
173
Geneos Wealth Management
Colorado
$24K – – –
TRCT
174
Tower Research Capital (TRC)
New York
$24K +$27.4K +1,750 New
Envestnet Asset Management
175
Envestnet Asset Management
Illinois
$22K -$58.5K -3,740 -70%
5 6
7
8 9

PENN Hedge Fund Activity: Q2 2016 in Review

201 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q2 2016, worth a combined $1.16B — down 14% from $1.35B a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new PENN positions and 26 closed out — a net gain of 8 holders — while 63 added to existing stakes and 63 trimmed.

The largest buyer was Chartwell Investment Partners, opening a new position worth an estimated $28.4M. The largest seller was Highline Capital Management, cutting an estimated $30.9M.

  • 201 institutional investors held PENN Entertainment (PENN) as of Q2 2016, up from 195 in Q1 2016.
  • Funds reported $1.16B of PENN Entertainment stock for Q2 2016, down 14% quarter-over-quarter.
  • 34 funds opened new PENN Entertainment positions in Q2 2016 and 26 closed out, a net change of +8 holders.
  • The largest PENN Entertainment buyer in Q2 2016 was Chartwell Investment Partners, an estimated $28.4M added.
  • The largest PENN Entertainment seller in Q2 2016 was Highline Capital Management, an estimated $30.9M sold.

Based on aggregated 13F filings for Q2 2016.