PENN Entertainment
PENN
192 hedge funds and large institutions have $1.5B invested in PENN Entertainment in 2015 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 69 increasing their positions, 66 reducing their positions, and 31 closing their positions.
2,774% more call options, than puts
Call options by funds: $28.6M | Put options by funds: $994K
100% more funds holding in top 10
Funds holding in top 10: 3 → 6 (+3)
18% more capital invested
Capital invested by funds: $1.27B → $1.5B (+$229M)
5% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 66
5% less funds holding
Funds holding: 203 → 192 (-11)
35% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$24.6M |
| 2 |
FMA
Fiduciary Management Associates
Chicago,
Illinois
|
+$22.5M |
| 3 |
PC
PointState Capital
New York
|
+$15M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
+$12.7M |
| 5 |
LCM
Lomas Capital Management
New York
|
+$11.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$14.7M |
| 2 |
DC
Davenport & Co
Richmond,
Virginia
|
-$12.6M |
| 3 |
Point72 Asset Management
Stamford,
Connecticut
|
-$7.92M |
| 4 |
CCI
Columbus Circle Investors
|
-$7.56M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$7.45M |
PENN Hedge Fund Activity: Q2 2015 in Review
192 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q2 2015, worth a combined $1.5B — up 18% from $1.27B a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of PENN and 20 opened new positions — a net loss of 11 holders — while 66 trimmed existing stakes and 69 added.
The largest buyer was Invesco, adding an estimated $24.6M. The largest seller was Morgan Stanley, cutting an estimated $14.7M.
- 192 institutional investors held PENN Entertainment (PENN) as of Q2 2015, down from 203 in Q1 2015.
- Funds reported $1.5B of PENN Entertainment stock for Q2 2015, up 18% quarter-over-quarter.
- 20 funds opened new PENN Entertainment positions in Q2 2015 and 31 closed out, a net change of -11 holders.
- The largest PENN Entertainment buyer in Q2 2015 was Invesco, an estimated $24.6M added.
- The largest PENN Entertainment seller in Q2 2015 was Morgan Stanley, an estimated $14.7M sold.
Based on aggregated 13F filings for Q2 2015.