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PENN Entertainment
PENN

183 hedge funds and large institutions have $1.05B invested in PENN Entertainment in 2014 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 54 increasing their positions, 49 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,149% more call options, than puts

Call options by funds: $20.9M | Put options by funds: $1.67M

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

42% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 26

32% more capital invested

Capital invested by funds: $793M → $1.05B (+$255M)

10% more repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 49

6% more funds holding

Funds holding: 173 → 183 (+10)

Holders
183
Holders Change
+10
Holders Change %
+5.78%
% of All Funds
4.88%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
37
Increased
54
Reduced
49
Closed
26
Calls
$20.9M
Puts
$1.67M
Net Calls
+$19.2M
Net Calls Change
+$5.67M

Top Buyers

Rank Fund Capital Flow
1
SAM
Scopus Asset Management
New York
+$20.7M
2
ACM
Addison Clark Management
Connecticut
+$19.1M
3
CP
Covalent Partners
Massachusetts
+$16.6M
4
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$14.3M
5
Point72 Asset Management
Point72 Asset Management
Connecticut
+$11.5M

Top Sellers

Rank Fund Capital Flow
1
Harris Associates
Harris Associates
Illinois
-$22.5M
2
Millennium Management
Millennium Management
New York
-$15.6M
3
Fidelity Investments
Fidelity Investments
Massachusetts
-$9.77M
4
AQR Capital Management
AQR Capital Management
Connecticut
-$8.14M
5
PI
Putnam Investments
Massachusetts
-$6.34M
Name Holding Trade Value Shares
Change 		Change in
Stake
MA
176
MUFG Americas
New York
$2K +$1.92K +148 New
US Bancorp
177
US Bancorp
Minnesota
$1K – – –
VIA
178
Vantage Investment Advisors
Pennsylvania
$1K – – –
CP
179
Corbenic Partners
Pennsylvania
$1K +$1.29K +100 New
Manulife (Manufacturers Life Insurance)
180
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$697 -$9.32K -720 -1%
PIA
181
Piedmont Investment Advisors
North Carolina
$549 +$518 +40 New
BRWA
182
B. Riley Wealth Advisors
Florida
$3 +$2.36K +182 New
AQR Capital Management
183
AQR Capital Management
Connecticut
– -$8.14M -726,021 Closed
CCA
184
Catalyst Capital Advisors
New York
– -$3.03M -270,000 Closed
ESBC
185
E.S. Barr & Co
Kentucky
– -$2.08M -185,111 Closed
MFAM
186
Motley Fool Asset Management
Virginia
– -$1.56M -143,200 Closed
GF
187
Gerry Farber
New York
– -$1.15M -102,500 Closed
CRM
188
Cramer Rosenthal McGlynn
Connecticut
– -$1.12M -100,000 Closed
GAM
189
Gotham Asset Management
New York
– -$687K -61,318 Closed
JG
190
Jefferies Group
New York
– -$561K -50,000 Closed
BNP Paribas Financial Markets
191
BNP Paribas Financial Markets
France
– -$528K -47,121 Closed
Connor, Clark & Lunn Investment Management (CC&L)
192
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
– -$511K -45,600 Closed
CP
193
Centerbridge Partners
New York
– -$499K -44,514 Closed
AL
194
Airain Ltd
Guernsey
– -$379K -33,820 Closed
IMS
195
Index Management Solutions
Pennsylvania
– -$324K -28,929 Closed
PC
196
Passport Capital
California
– -$308K -27,454 Closed
ARC
197
Absolute Return Capital
Massachusetts
– -$208K -18,549 Closed
MCC
198
Mid Continent Capital
Illinois
– -$168K -15,000 Closed
QT
199
Quantbot Technologies
New York
– -$142K -12,714 Closed
Jane Street
200
Jane Street
New York
– -$128K -11,461 Closed
5 6 7
8
9

PENN Hedge Fund Activity: Q4 2014 in Review

183 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q4 2014, worth a combined $1.05B — up 32% from $793M a quarter earlier.

Buyers outnumbered sellers: 37 funds opened new PENN positions and 26 closed out — a net gain of 11 holders — while 54 added to existing stakes and 49 trimmed.

The largest buyer was Scopus Asset Management, opening a new position worth an estimated $20.7M. The largest seller was Harris Associates, cutting an estimated $22.5M.

  • 183 institutional investors held PENN Entertainment (PENN) as of Q4 2014, up from 173 in Q3 2014.
  • Funds reported $1.05B of PENN Entertainment stock for Q4 2014, up 32% quarter-over-quarter.
  • 37 funds opened new PENN Entertainment positions in Q4 2014 and 26 closed out, a net change of +11 holders.
  • The largest PENN Entertainment buyer in Q4 2014 was Scopus Asset Management, an estimated $20.7M added.
  • The largest PENN Entertainment seller in Q4 2014 was Harris Associates, an estimated $22.5M sold.

Based on aggregated 13F filings for Q4 2014.