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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
CIBC World Market
151
CIBC World Market
Ontario, Canada
$955K -$10.7K -330 -0.9%
WAM
152
Wolverine Asset Management
Illinois
$952K – – –
OPWM
153
Oxinas Partners Wealth Management
Indiana
$939K -$8.91K -276 -0.8%
LDB
154
Lee, Danner & Bass
Tennessee
$937K +$451K +13,978 +70%
Cambridge Investment Research Advisors
155
Cambridge Investment Research Advisors
Iowa
$932K -$90.6K -2,807 -8%
Toronto Dominion Bank
156
Toronto Dominion Bank
Ontario, Canada
$904K -$1.51M -46,757 -59%
Holocene Advisors
157
Holocene Advisors
New York
$899K -$4.8M -148,627 -82%
JG
158
Jefferies Group
New York
$880K +$1.03M +32,004 New
Teacher Retirement System of Texas
159
Teacher Retirement System of Texas
Texas
$877K +$165K +5,114 +19%
1CM
160
1492 Capital Management
Wisconsin
$855K -$30.2K -934 -3%
SIA
161
Sage Investment Advisers
New York
$825K +$23.4K +725 +2%
ISWM
162
Independent Solutions Wealth Management
New York
$818K -$13.1K -406 -1%
AFAS
163
Acorn Financial Advisory Services
Virginia
$806K +$204K +6,329 +28%
KPWS
164
Kestra Private Wealth Services
Texas
$785K -$242K -7,496 -21%
URS
165
Utah Retirement Systems
Utah
$778K -$32.3K -1,000 -3%
Capstone Investment Advisors
166
Capstone Investment Advisors
New York
$771K +$139K +4,302 +18%
SFA
167
Source Financial Advisors
New York
$765K +$840 +26 +0.1%
Federated Hermes
168
Federated Hermes
Pennsylvania
$734K -$1.33M -41,276 -61%
BEI
169
Benjamin Edwards Inc
Missouri
$723K -$14.4K -445 -2%
CM
170
CastleKnight Management
New York
$704K -$152K -4,700 -16%
OIM
171
Oder Investment Management
California
$682K +$35.6K +1,101 +5%
NMERB
172
New Mexico Educational Retirement Board
New Mexico
$679K +$501K +15,500 +168%
USAA
173
United Services Automobile Association
Texas
$656K +$769K +23,806 New
IC
174
IEQ Capital
California
$653K -$5.39K -167 -0.7%
DIA
175
Dana Investment Advisors
Wisconsin
$645K -$36.9K -1,142 -5%
5 6
7
8 9

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.