PENN Entertainment
PENN
594 hedge funds and large institutions have $14.2B invested in PENN Entertainment in 2021 Q1 according to their latest regulatory filings, with 163 funds opening new positions, 197 increasing their positions, 176 reducing their positions, and 55 closing their positions.
196% more first-time investments, than exits
New positions opened: 163 | Existing positions closed: 55
36% more call options, than puts
Call options by funds: $1.13B | Put options by funds: $829M
20% more funds holding
Funds holding: 493 → 594 (+101)
17% more capital invested
Capital invested by funds: $12.2B → $14.2B (+$2.02B)
12% more repeat investments, than reductions
Existing positions increased: 197 | Existing positions reduced: 176
4.33% less ownership
Funds ownership: 91.19% → 86.87% (-4.3%)
27% less funds holding in top 10
Funds holding in top 10: 11 → 8 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$153M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$141M |
| 3 |
State Street
Boston,
Massachusetts
|
+$115M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$108M |
| 5 |
FAM
Fred Alger Management
New York
|
+$99.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$354M |
| 2 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
-$344M |
| 3 |
TCM
Tybourne Capital Management
Hong Kong
|
-$106M |
| 4 |
Holocene Advisors
New York
|
-$78M |
| 5 |
Goldman Sachs
New York
|
-$72.6M |
PENN Hedge Fund Activity: Q1 2021 in Review
594 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q1 2021, worth a combined $14.2B — up 17% from $12.2B a quarter earlier.
Buyers outnumbered sellers: 163 funds opened new PENN positions and 55 closed out — a net gain of 108 holders — while 197 added to existing stakes and 176 trimmed.
The largest buyer was Bank of America, adding an estimated $153M. The largest seller was BlackRock, cutting an estimated $354M.
- 594 institutional investors held PENN Entertainment (PENN) as of Q1 2021, up from 493 in Q4 2020.
- Funds reported $14.2B of PENN Entertainment stock for Q1 2021, up 17% quarter-over-quarter.
- 163 funds opened new PENN Entertainment positions in Q1 2021 and 55 closed out, a net change of +108 holders.
- The largest PENN Entertainment buyer in Q1 2021 was Bank of America, an estimated $153M added.
- The largest PENN Entertainment seller in Q1 2021 was BlackRock, an estimated $354M sold.
Based on aggregated 13F filings for Q1 2021.