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PENN Entertainment
PENN

388 hedge funds and large institutions have $2.44B invested in PENN Entertainment in 2025 Q1 according to their latest regulatory filings, with 62 funds opening new positions, 124 increasing their positions, 111 reducing their positions, and 49 closing their positions.

New
Increased
Maintained
Reduced
Closed

175% more call options, than puts

Call options by funds: $486M | Put options by funds: $177M

27% more first-time investments, than exits

New positions opened: 62 | Existing positions closed: 49

14% more funds holding in top 10

Funds holding in top 10: 7 → 8 (+1)

12% more repeat investments, than reductions

Existing positions increased: 124 | Existing positions reduced: 111

2% more funds holding

Funds holding: 380 → 388 (+8)

3.37% less ownership

Funds ownership: 101.28% → 97.91% (-3.4%)

20% less capital invested

Capital invested by funds: $3.06B → $2.44B (-$620M)

Holders
388
Holders Change
+8
Holders Change %
+2.11%
% of All Funds
5.2%
Holding in Top 10
8
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+14.29%
% of All Funds
0.11%
New
62
Increased
124
Reduced
111
Closed
49
Calls
$486M
Puts
$177M
Net Calls
+$309M
Net Calls Change
+$216M

Top Buyers

Rank Fund Capital Flow
1
TCIM
TOMS Capital Investment Management
New York
+$74.6M
2
Invesco
Invesco
Georgia
+$41.4M
3
CGH
Contrarius Group Holdings
Bermuda
+$35.8M
4
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
+$30.4M
5
ICM
Invenomic Capital Management
Massachusetts
+$17M

Top Sellers

Rank Fund Capital Flow
1
HVCM
HG Vora Capital Management
New York
-$142M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$68M
3
Nomura Holdings
Nomura Holdings
Japan
-$52.5M
4
Citadel Advisors
Citadel Advisors
Florida
-$33.6M
5
SG Americas Securities
SG Americas Securities
New York
-$27.8M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fifth Third Bancorp
176
Fifth Third Bancorp
Ohio
$432K -$106K -5,445 -17%
SSA
177
Schonfeld Strategic Advisors
New York
$431K -$2.25M -115,342 -81%
FA
178
Fountainhead AM
New Jersey
$408K – – –
PSAMP
179
P. Schoenfeld Asset Management (PSAM)
New York
$408K +$97.7K +5,000 +25%
CCA
180
Cruiser Capital Advisors
Connecticut
$408K +$489K +25,000 New
GC
181
Guggenheim Capital
Illinois
$373K +$3.99K +204 +0.9%
P
182
&Partners
Tennessee
$364K +$124K +6,333 +42%
MOACM
183
Mutual of America Capital Management
New York
$355K -$17.1K -877 -4%
AWAP
184
Alliance Wealth Advisors (Pennsylvania)
Pennsylvania
$355K – – –
VF
185
Virtu Financial
New York
$349K +$150K +7,662 +56%
Teacher Retirement System of Texas
186
Teacher Retirement System of Texas
Texas
$344K +$412K +21,062 New
NWA
187
New World Advisors
Massachusetts
$341K +$64.5K +3,300 +19%
VVP
188
Venture Visionary Partners
Ohio
$340K – – –
ACM
189
Advent Capital Management
New York
$339K +$138K +7,050 +51%
Squarepoint
190
Squarepoint
New York
$336K +$190K +9,723 +89%
CWM
191
Congress Wealth Management
Massachusetts
$323K +$384K +19,671 New
AQR Capital Management
192
AQR Capital Management
Connecticut
$318K -$37.9K -1,937 -9%
HighTower Advisors
193
HighTower Advisors
Illinois
$315K +$18.6K +953 +5%
GF
194
Gabelli Funds
New York
$310K -$156K -8,000 -30%
VOYA Investment Management
195
VOYA Investment Management
Georgia
$307K -$1.17K -60 -0.3%
BFM
196
Boothbay Fund Management
New York
$307K -$10.2M -520,942 -97%
PCIA
197
Prime Capital Investment Advisors
Kansas
$304K -$72.4K -3,705 -17%
FIA
198
FNY Investment Advisers
New York
$298K +$241K +12,331 +206%
TI
199
Tidal Investments
Wisconsin
$297K +$30.9K +1,580 +10%
Pictet Asset Management
200
Pictet Asset Management
Switzerland
$294K – – –
6 7
8
9 10

PENN Hedge Fund Activity: Q1 2025 in Review

388 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q1 2025, worth a combined $2.44B — down 20% from $3.06B a quarter earlier.

Buyers outnumbered sellers: 62 funds opened new PENN positions and 49 closed out — a net gain of 13 holders — while 124 added to existing stakes and 111 trimmed.

The largest buyer was TOMS Capital Investment Management, opening a new position worth an estimated $74.6M. The largest seller was HG Vora Capital Management, cutting an estimated $142M.

  • 388 institutional investors held PENN Entertainment (PENN) as of Q1 2025, up from 380 in Q4 2024.
  • Funds reported $2.44B of PENN Entertainment stock for Q1 2025, down 20% quarter-over-quarter.
  • 62 funds opened new PENN Entertainment positions in Q1 2025 and 49 closed out, a net change of +13 holders.
  • The largest PENN Entertainment buyer in Q1 2025 was TOMS Capital Investment Management, an estimated $74.6M added.
  • The largest PENN Entertainment seller in Q1 2025 was HG Vora Capital Management, an estimated $142M sold.

Based on aggregated 13F filings for Q1 2025.