PENN Entertainment
PENN
170 hedge funds and large institutions have $814M invested in PENN Entertainment in 2014 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 74 increasing their positions, 43 reducing their positions, and 38 closing their positions.
72% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 43
1% less capital invested
Capital invested by funds: $822M → $814M (-$8.14M)
9% less funds holding
Funds holding: 186 → 170 (-16)
13% less call options, than puts
Call options by funds: $802K | Put options by funds: $918K
39% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 38
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$15M |
| 2 |
Westfield Capital Management
Boston,
Massachusetts
|
+$14.3M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$12.6M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$11.9M |
| 5 |
NM
Nokota Management
New York
|
+$7.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GC
Greenlight Capital
New York
|
-$24.6M |
| 2 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$17.5M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$11.7M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$9.61M |
| 5 |
AC
Amici Capital
New York
|
-$8.77M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HT
201
HAP Trading
New York
| – | -$206K | -16,686 | Closed |
|
|
TSW
202
Thompson Siegel & Walmsley
Richmond,
Virginia
| – | -$202K | -16,400 | Closed |
|
|
URS
203
Utah Retirement Systems
Salt Lake City,
Utah
| – | -$149K | -12,086 | Closed |
|
204
Tudor Investment Corp
Stamford,
Connecticut
| – | -$134K | -10,837 | Closed |
|
|
STC
205
SEI Trust Company
Oaks,
Pennsylvania
| – | -$17K | -1,349 | Closed |
|
|
WAM
206
Wolverine Asset Management
Chicago,
Illinois
| – | -$16K | -1,300 | Closed |
|
207
Bessemer Group
Woodbridge,
New Jersey
| – | -$3K | -250 | Closed |
|
PENN Hedge Fund Activity: Q2 2014 in Review
170 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q2 2014, worth a combined $814M — down 0.99% from $822M a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of PENN and 23 opened new positions — a net loss of 15 holders — while 43 trimmed existing stakes and 74 added.
The largest buyer was BlackRock Fund Advisors, adding an estimated $15M. The largest seller was Greenlight Capital, exiting entirely with an estimated $24.6M sold.
- 170 institutional investors held PENN Entertainment (PENN) as of Q2 2014, down from 186 in Q1 2014.
- Funds reported $814M of PENN Entertainment stock for Q2 2014, down 0.99% quarter-over-quarter.
- 23 funds opened new PENN Entertainment positions in Q2 2014 and 38 closed out, a net change of -15 holders.
- The largest PENN Entertainment buyer in Q2 2014 was BlackRock Fund Advisors, an estimated $15M added.
- The largest PENN Entertainment seller in Q2 2014 was Greenlight Capital, an estimated $24.6M sold.
Based on aggregated 13F filings for Q2 2014.