PENN Entertainment
PENN
197 hedge funds and large institutions have $3.94B invested in PENN Entertainment in 2013 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 69 increasing their positions, 70 reducing their positions, and 36 closing their positions.
10% more funds holding in top 10
Funds holding in top 10: 10 → 11 (+1)
7% more capital invested
Capital invested by funds: $3.69B → $3.94B (+$254M)
1% less repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 70
2% less funds holding
Funds holding: 202 → 197 (-5)
11% less first-time investments, than exits
New positions opened: 32 | Existing positions closed: 36
63% less call options, than puts
Call options by funds: $17.8M | Put options by funds: $47.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CLG
Cooperman Leon G
|
+$83M |
| 2 |
PC
Perry Capital
New York
|
+$66.6M |
| 3 |
LCG
Luxor Capital Group
New York
|
+$59.7M |
| 4 |
PCM
Pennant Capital Management
Summit,
New Jersey
|
+$52.1M |
| 5 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$48.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Southpoint Capital Advisors
New York
|
-$80M |
| 2 |
NMVA
New Mountain Vantage Advisers
New York
|
-$40.8M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$37.5M |
| 4 |
Morgan Stanley
New York
|
-$36.4M |
| 5 |
SCM
Scout Capital Management
New York
|
-$32.7M |
PENN Hedge Fund Activity: Q3 2013 in Review
197 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q3 2013, worth a combined $3.94B — up 6.9% from $3.69B a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of PENN and 32 opened new positions — a net loss of 4 holders — while 70 trimmed existing stakes and 69 added.
The largest buyer was Cooperman Leon G, opening a new position worth an estimated $83M. The largest seller was Southpoint Capital Advisors, exiting entirely with an estimated $80M sold.
- 197 institutional investors held PENN Entertainment (PENN) as of Q3 2013, down from 202 in Q2 2013.
- Funds reported $3.94B of PENN Entertainment stock for Q3 2013, up 6.9% quarter-over-quarter.
- 32 funds opened new PENN Entertainment positions in Q3 2013 and 36 closed out, a net change of -4 holders.
- The largest PENN Entertainment buyer in Q3 2013 was Cooperman Leon G, an estimated $83M added.
- The largest PENN Entertainment seller in Q3 2013 was Southpoint Capital Advisors, an estimated $80M sold.
Based on aggregated 13F filings for Q3 2013.