PENN Entertainment
PENN
187 hedge funds and large institutions have $1B invested in PENN Entertainment in 2013 Q4 according to their latest regulatory filings, with 62 funds opening new positions, 12 increasing their positions, 113 reducing their positions, and 71 closing their positions.
201% more call options, than puts
Call options by funds: $6.64M | Put options by funds: $2.21M
5% less funds holding
Funds holding: 197 → 187 (-10)
13% less first-time investments, than exits
New positions opened: 62 | Existing positions closed: 71
75% less capital invested
Capital invested by funds: $3.94B → $1B (-$2.94B)
89% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 113
91% less funds holding in top 10
Funds holding in top 10: 11 → 1 (-10)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HI
HBK Investments
Dallas,
Texas
|
+$19.2M |
| 2 |
DCM
Discovery Capital Management
South Norwalk,
Connecticut
|
+$13.9M |
| 3 |
GC
Greenlight Capital
New York
|
+$13.7M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$13.2M |
| 5 |
BlackRock
New York
|
+$12.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAMCO Inc
New York
|
-$371M |
| 2 |
Harris Associates
Chicago,
Illinois
|
-$231M |
| 3 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$220M |
| 4 |
TCIM
TIAA CREF Investment Management
New York
|
-$186M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$175M |
PENN Hedge Fund Activity: Q4 2013 in Review
187 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q4 2013, worth a combined $1B — down 75% from $3.94B a quarter earlier.
Sellers outnumbered buyers: 71 funds closed out of PENN and 62 opened new positions — a net loss of 9 holders — while 113 trimmed existing stakes and 12 added.
The largest buyer was HBK Investments, opening a new position worth an estimated $19.2M. The largest seller was BAMCO Inc, cutting an estimated $371M.
- 187 institutional investors held PENN Entertainment (PENN) as of Q4 2013, down from 197 in Q3 2013.
- Funds reported $1B of PENN Entertainment stock for Q4 2013, down 75% quarter-over-quarter.
- 62 funds opened new PENN Entertainment positions in Q4 2013 and 71 closed out, a net change of -9 holders.
- The largest PENN Entertainment buyer in Q4 2013 was HBK Investments, an estimated $19.2M added.
- The largest PENN Entertainment seller in Q4 2013 was BAMCO Inc, an estimated $371M sold.
Based on aggregated 13F filings for Q4 2013.