PENN Entertainment
PENN
186 hedge funds and large institutions have $822M invested in PENN Entertainment in 2014 Q1 according to their latest regulatory filings, with 38 funds opening new positions, 59 increasing their positions, 53 reducing their positions, and 36 closing their positions.
398% more call options, than puts
Call options by funds: $7.07M | Put options by funds: $1.42M
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
11% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 53
6% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 36
1% less funds holding
Funds holding: 187 → 186 (-1)
18% less capital invested
Capital invested by funds: $1B → $822M (-$181M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
+$52.5M |
| 2 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$42.8M |
| 3 |
RCMC
RK Capital Management (Colorado)
Denver,
Colorado
|
+$14M |
| 4 |
GC
Greenlight Capital
New York
|
+$12.3M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$9.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RIM
RS Investment Management
San Francisco,
California
|
-$43M |
| 2 |
HI
HBK Investments
Dallas,
Texas
|
-$20.1M |
| 3 |
AC
Amici Capital
New York
|
-$18.6M |
| 4 |
TCIM
TIAA CREF Investment Management
New York
|
-$18M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$12.8M |
PENN Hedge Fund Activity: Q1 2014 in Review
186 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q1 2014, worth a combined $822M — down 18% from $1B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new PENN positions and 36 closed out — a net gain of 2 holders — while 59 added to existing stakes and 53 trimmed.
The largest buyer was PAR Capital Management, adding an estimated $52.5M. The largest seller was RS Investment Management, exiting entirely with an estimated $43M sold.
- 186 institutional investors held PENN Entertainment (PENN) as of Q1 2014, down from 187 in Q4 2013.
- Funds reported $822M of PENN Entertainment stock for Q1 2014, down 18% quarter-over-quarter.
- 38 funds opened new PENN Entertainment positions in Q1 2014 and 36 closed out, a net change of +2 holders.
- The largest PENN Entertainment buyer in Q1 2014 was PAR Capital Management, an estimated $52.5M added.
- The largest PENN Entertainment seller in Q1 2014 was RS Investment Management, an estimated $43M sold.
Based on aggregated 13F filings for Q1 2014.