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PENN Entertainment

405 hedge funds and large institutions have $2.69B invested in PENN Entertainment in 2024 Q1 according to their latest regulatory filings, with 62 funds opening new positions, 110 increasing their positions, 137 reducing their positions, and 78 closing their positions.

New
Increased
Maintained
Reduced
Closed

91% more call options, than puts

Call options by funds: $248M | Put options by funds: $130M

20% more funds holding in top 10

Funds holding in top 10: 56 (+1)

4.95% more ownership

Funds ownership: 92.24%97.19% (+4.9%)

5% less funds holding

Funds holding: 426405 (-21)

20% less repeat investments, than reductions

Existing positions increased: 110 | Existing positions reduced: 137

21% less first-time investments, than exits

New positions opened: 62 | Existing positions closed: 78

26% less capital invested

Capital invested by funds: $3.64B → $2.69B (-$948M)

Holders
405
Holders Change
-21
Holders Change %
-4.93%
% of All Funds
5.83%
Holding in Top 10
6
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+20%
% of All Funds
0.09%
New
62
Increased
110
Reduced
137
Closed
78
Calls
$248M
Puts
$130M
Net Calls
+$118M
Net Calls Change
+$29M
Name Holding Trade Value Shares
Change
Change in
Stake
LSERS
151
Louisiana State Employees Retirement System
Louisiana
$781K +$6.2K +300 +0.7%
QT
152
Quantbot Technologies
New York
$759K +$861K +41,702 New
Comerica Bank
153
Comerica Bank
Texas
$751K -$1.18M -57,112 -58%
ET
154
Entropy Technologies
New York
$737K +$835K +40,446 New
RJFSA
155
Raymond James Financial Services Advisors
Florida
$727K -$712K -34,468 -46%
BCM
156
Bayesian Capital Management
New York
$720K +$380K +18,400 +87%
GS
157
GTS Securities
New York
$702K -$1M -48,545 -56%
Russell Investments Group
158
Russell Investments Group
United Kingdom
$686K -$2.26M -109,273 -74%
ASRS
159
Arizona State Retirement System
Arizona
$682K -$95.1K -4,606 -11%
Thrivent Financial for Lutherans
160
Thrivent Financial for Lutherans
Minnesota
$680K -$11.9K -575 -2%
AWM
161
Axxcess Wealth Management
California
$673K +$573K +27,743 +301%
OPERF
162
Oregon Public Employees Retirement Fund
Oregon
$670K -$121K -5,853 -14%
SOMRS
163
State of Michigan Retirement System
Michigan
$666K +$4.13K +200 +0.5%
CIBC World Market
164
CIBC World Market
Ontario, Canada
$661K -$32.5K -1,575 -4%
AQR Capital Management
165
AQR Capital Management
Connecticut
$650K -$8.07M -390,680 -92%
BFM
166
Boothbay Fund Management
New York
$649K +$162K +7,842 +28%
CAM
167
Cresset Asset Management
Illinois
$610K +$259K +12,520 +60%
NMIMC
168
Northwestern Mutual Investment Management Company
Wisconsin
$605K -$11K -531 -2%
COPPSERS
169
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$600K -$10.9K -530 -2%
AIP
170
Ameritas Investment Partners
Nebraska
$598K -$21K -1,019 -3%
Tudor Investment Corp
171
Tudor Investment Corp
Connecticut
$596K -$3.9M -188,732 -85%
OQS
172
Occudo Quantitative Strategies
Florida
$589K +$667K +32,319 New
NMERB
173
New Mexico Educational Retirement Board
New Mexico
$577K
Cambridge Investment Research Advisors
174
Cambridge Investment Research Advisors
Iowa
$574K +$67.1K +3,250 +11%
OPWM
175
Oxinas Partners Wealth Management
Indiana
$569K -$186 -9 -0%

PENN Hedge Fund Activity: Q1 2024 in Review

405 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q1 2024, worth a combined $2.69B — down 26% from $3.64B a quarter earlier.

Sellers outnumbered buyers: 78 funds closed out of PENN and 62 opened new positions — a net loss of 16 holders — while 137 trimmed existing stakes and 110 added.

The largest buyer was Shapiro Capital Management, adding an estimated $186M. The largest seller was BAMCO Inc, cutting an estimated $98.9M.

  • 405 institutional investors held PENN Entertainment (PENN) as of Q1 2024, down from 426 in Q4 2023.
  • Funds reported $2.69B of PENN Entertainment stock for Q1 2024, down 26% quarter-over-quarter.
  • 62 funds opened new PENN Entertainment positions in Q1 2024 and 78 closed out, a net change of -16 holders.
  • The largest PENN Entertainment buyer in Q1 2024 was Shapiro Capital Management, an estimated $186M added.
  • The largest PENN Entertainment seller in Q1 2024 was BAMCO Inc, an estimated $98.9M sold.

Based on aggregated 13F filings for Q1 2024.