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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
Victory Capital Management
176
Victory Capital Management
Texas
$568K -$4.98K -241 -0.8%
MML Investors Services
177
MML Investors Services
Massachusetts
$550K +$96.3K +4,663 +18%
Northwestern Mutual Wealth Management
178
Northwestern Mutual Wealth Management
Wisconsin
$543K +$106K +5,147 +21%
APF
179
Alaska Permanent Fund
Alaska
$540K -$919K -44,498 -60%
GC
180
Guggenheim Capital
Illinois
$523K -$52.3K -2,531 -8%
HighTower Advisors
181
HighTower Advisors
Illinois
$510K -$162K -7,835 -22%
QCM
182
Quantinno Capital Management
New York
$510K -$85.2K -4,127 -13%
XT
183
XTX Topco
Cayman Islands
$502K +$569K +27,553 New
FRM
184
Fox Run Management
Connecticut
$498K +$565K +27,372 New
WAM
185
Wolverine Asset Management
Illinois
$494K
GL
186
Graypoint LLC
New York
$487K +$552K +26,743 New
Marshall Wace
187
Marshall Wace
United Kingdom
$469K +$532K +25,768 New
Bank of Montreal
188
Bank of Montreal
Ontario, Canada
$463K +$37.6K +1,819 +8%
Janney Montgomery Scott
189
Janney Montgomery Scott
Pennsylvania
$462K -$60.9K -2,947 -10%
SIA
190
Sage Investment Advisers
New York
$449K -$164K -7,940 -24%
GF
191
Gabelli Funds
New York
$437K
BHCM
192
Brevan Howard Capital Management
Jersey
$431K +$489K +23,689 New
VanEck Associates
193
VanEck Associates
New York
$429K +$8.4K +407 +2%
KPWS
194
Kestra Private Wealth Services
Texas
$425K -$59.6K -2,885 -11%
Pacer Advisors
195
Pacer Advisors
Pennsylvania
$412K -$4.09K -198 -0.9%
NWA
196
New World Advisors
Massachusetts
$404K +$458K +22,200 New
CC
197
Centiva Capital
New York
$401K +$257K +12,461 +130%
AWAP
198
Alliance Wealth Advisors (Pennsylvania)
Pennsylvania
$398K +$909 +44 +0.2%
LOAMU
199
Lombard Odier Asset Management (USA)
New York
$388K +$161K +7,790 +58%
Zurich Cantonal Bank
200
Zurich Cantonal Bank
Switzerland
$382K -$115K -5,568 -21%

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.