PENN Entertainment
PENN
203 hedge funds and large institutions have $1.27B invested in PENN Entertainment in 2015 Q1 according to their latest regulatory filings, with 50 funds opening new positions, 63 increasing their positions, 57 reducing their positions, and 29 closing their positions.
845% more call options, than puts
Call options by funds: $35.5M | Put options by funds: $3.75M
72% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 29
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
21% more capital invested
Capital invested by funds: $1.05B → $1.27B (+$222M)
11% more funds holding
Funds holding: 183 → 203 (+20)
11% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 57
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
+$43.5M |
| 2 |
HCM
Highline Capital Management
New York
|
+$41.6M |
| 3 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$18.3M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
+$16.9M |
| 5 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$12.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Harris Associates
Chicago,
Illinois
|
-$48.6M |
| 2 |
DC
Davenport & Co
Richmond,
Virginia
|
-$37.2M |
| 3 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$23.1M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$19M |
| 5 |
LPC
Long Pond Capital
New York
|
-$17M |
PENN Hedge Fund Activity: Q1 2015 in Review
203 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q1 2015, worth a combined $1.27B — up 21% from $1.05B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new PENN positions and 29 closed out — a net gain of 21 holders — while 63 added to existing stakes and 57 trimmed.
The largest buyer was Balyasny Asset Management, adding an estimated $43.5M. The largest seller was Harris Associates, cutting an estimated $48.6M.
- 203 institutional investors held PENN Entertainment (PENN) as of Q1 2015, up from 183 in Q4 2014.
- Funds reported $1.27B of PENN Entertainment stock for Q1 2015, up 21% quarter-over-quarter.
- 50 funds opened new PENN Entertainment positions in Q1 2015 and 29 closed out, a net change of +21 holders.
- The largest PENN Entertainment buyer in Q1 2015 was Balyasny Asset Management, an estimated $43.5M added.
- The largest PENN Entertainment seller in Q1 2015 was Harris Associates, an estimated $48.6M sold.
Based on aggregated 13F filings for Q1 2015.