PENN Entertainment
PENN
173 hedge funds and large institutions have $794M invested in PENN Entertainment in 2014 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 57 increasing their positions, 60 reducing their positions, and 18 closing their positions.
644% more call options, than puts
Call options by funds: $15.7M | Put options by funds: $2.11M
17% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 18
2% more funds holding
Funds holding: 170 → 173 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less capital invested
Capital invested by funds: $814M → $794M (-$19.9M)
5% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 60
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
+$30.2M |
| 2 |
Millennium Management
New York
|
+$20.6M |
| 3 |
LPC
Long Pond Capital
New York
|
+$13.6M |
| 4 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$8.35M |
| 5 |
DC
Davenport & Co
Richmond,
Virginia
|
+$6.58M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Westfield Capital Management
Boston,
Massachusetts
|
-$14.7M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
-$9.1M |
| 3 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$8.18M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$8.01M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$7.9M |
PENN Hedge Fund Activity: Q3 2014 in Review
173 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q3 2014, worth a combined $794M — down 2.4% from $814M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new PENN positions and 18 closed out — a net gain of 3 holders — while 57 added to existing stakes and 60 trimmed.
The largest buyer was Balyasny Asset Management, adding an estimated $30.2M. The largest seller was Westfield Capital Management, exiting entirely with an estimated $14.7M sold.
- 173 institutional investors held PENN Entertainment (PENN) as of Q3 2014, up from 170 in Q2 2014.
- Funds reported $794M of PENN Entertainment stock for Q3 2014, down 2.4% quarter-over-quarter.
- 21 funds opened new PENN Entertainment positions in Q3 2014 and 18 closed out, a net change of +3 holders.
- The largest PENN Entertainment buyer in Q3 2014 was Balyasny Asset Management, an estimated $30.2M added.
- The largest PENN Entertainment seller in Q3 2014 was Westfield Capital Management, an estimated $14.7M sold.
Based on aggregated 13F filings for Q3 2014.