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PENN Entertainment

187 hedge funds and large institutions have $1B invested in PENN Entertainment in 2013 Q4 according to their latest regulatory filings, with 62 funds opening new positions, 12 increasing their positions, 113 reducing their positions, and 71 closing their positions.

New
Increased
Maintained
Reduced
Closed

201% more call options, than puts

Call options by funds: $6.64M | Put options by funds: $2.21M

5% less funds holding

Funds holding: 197187 (-10)

13% less first-time investments, than exits

New positions opened: 62 | Existing positions closed: 71

75% less capital invested

Capital invested by funds: $3.94B → $1B (-$2.94B)

89% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 113

91% less funds holding in top 10

Funds holding in top 10: 111 (-10)

Holders
187
Holders Change
-10
Holders Change %
-5.08%
% of All Funds
5.43%
Holding in Top 10
1
Holding in Top 10 Change
-10
Holding in Top 10 Change %
-90.91%
% of All Funds
0.03%
New
62
Increased
12
Reduced
113
Closed
71
Calls
$6.64M
Puts
$2.21M
Net Calls
+$4.43M
Net Calls Change
+$34.5M
Name Holding Trade Value Shares
Change
Change in
Stake
Canada Pension Plan Investment Board
176
Canada Pension Plan Investment Board
Ontario, Canada
$13K -$42.3K -3,081 -77%
WT
177
Whittier Trust
California
$4K -$11.9K -868 -75%
Bessemer Group
178
Bessemer Group
New Jersey
$4K -$11.8K -856 -77%
LTFS
179
Ladenburg Thalmann Financial Services
Florida
$3K -$18.9K -1,373 -87%
LFR
180
Lehman Financial Resources
Pennsylvania
$3K -$9.41K -685 -77%
NES
181
New England Securities
New York
$3K -$9.03K -657 -77%
Creative Planning
182
Creative Planning
Kansas
$3K +$2.76K +201 New
US Bancorp
183
US Bancorp
Minnesota
$2K -$8K -582 -77%
CCMH
184
Cornerstone Capital Management Holdings
New York
$1K -$223K -16,263 -99%
PMFA
185
Plante Moran Financial Advisors
Michigan
$1K -$3.9K -284 -77%
VIA
186
Vantage Investment Advisors
Pennsylvania
$1K +$921 +67 New
Manulife (Manufacturers Life Insurance)
187
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$32 -$103K -7,531 -77%
Balyasny Asset Management
188
Balyasny Asset Management
Illinois
-$166M -13,264,829 Closed
LCG
189
Luxor Capital Group
New York
-$96.3M -7,690,226 Closed
CLG
190
Cooperman Leon G
-$86.2M -6,888,765 Closed
PC
191
Passport Capital
California
-$70.3M -5,613,543 Closed
PC
192
Perry Capital
New York
-$69.2M -5,528,750 Closed
PCM
193
Pennant Capital Management
New Jersey
-$54.2M -4,327,463 Closed
ECP
194
Empyrean Capital Partners
California
-$54M -4,312,425 Closed
TCA
195
Taconic Capital Advisors
New York
-$54M -4,312,425 Closed
ClearBridge Investments
196
ClearBridge Investments
New York
-$39.5M -3,158,093 Closed
MF
197
Magnetar Financial
Illinois
-$38.6M -3,080,637 Closed
MDSL
198
M.D. Sass LLC
New York
-$35.2M -2,811,701 Closed
AIM
199
abrdn Investment Management
United Kingdom
-$30.1M -2,408,607 Closed
BC
200
BHR Capital
New York
-$26.3M -2,103,163 Closed

PENN Hedge Fund Activity: Q4 2013 in Review

187 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q4 2013, worth a combined $1B — down 75% from $3.94B a quarter earlier.

Sellers outnumbered buyers: 71 funds closed out of PENN and 62 opened new positions — a net loss of 9 holders — while 113 trimmed existing stakes and 12 added.

The largest buyer was HBK Investments, opening a new position worth an estimated $19.2M. The largest seller was BAMCO Inc, cutting an estimated $371M.

  • 187 institutional investors held PENN Entertainment (PENN) as of Q4 2013, down from 197 in Q3 2013.
  • Funds reported $1B of PENN Entertainment stock for Q4 2013, down 75% quarter-over-quarter.
  • 62 funds opened new PENN Entertainment positions in Q4 2013 and 71 closed out, a net change of -9 holders.
  • The largest PENN Entertainment buyer in Q4 2013 was HBK Investments, an estimated $19.2M added.
  • The largest PENN Entertainment seller in Q4 2013 was BAMCO Inc, an estimated $371M sold.

Based on aggregated 13F filings for Q4 2013.