PENN Entertainment
PENN
205 hedge funds and large institutions have $1.35B invested in PENN Entertainment in 2015 Q3 according to their latest regulatory filings, with 34 funds opening new positions, 72 increasing their positions, 60 reducing their positions, and 20 closing their positions.
730% more call options, than puts
Call options by funds: $14.7M | Put options by funds: $1.77M
70% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 20
20% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 60
7% more funds holding
Funds holding: 192 → 205 (+13)
10% less capital invested
Capital invested by funds: $1.5B → $1.35B (-$149M)
17% less funds holding in top 10
Funds holding in top 10: 6 → 5 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$17.1M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$10.3M |
| 3 |
Millennium Management
New York
|
+$10.2M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
+$8.22M |
| 5 |
HCM
Highline Capital Management
New York
|
+$7.96M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$13M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$12.8M |
| 3 |
ACM
Addison Clark Management
Stamford,
Connecticut
|
-$11.6M |
| 4 |
Two Sigma Investments
New York
|
-$11.4M |
| 5 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$9.14M |
PENN Hedge Fund Activity: Q3 2015 in Review
205 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q3 2015, worth a combined $1.35B — down 9.9% from $1.5B a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new PENN positions and 20 closed out — a net gain of 14 holders — while 72 added to existing stakes and 60 trimmed.
The largest buyer was Invesco, adding an estimated $17.1M. The largest seller was Penn Capital Management, cutting an estimated $13M.
- 205 institutional investors held PENN Entertainment (PENN) as of Q3 2015, up from 192 in Q2 2015.
- Funds reported $1.35B of PENN Entertainment stock for Q3 2015, down 9.9% quarter-over-quarter.
- 34 funds opened new PENN Entertainment positions in Q3 2015 and 20 closed out, a net change of +14 holders.
- The largest PENN Entertainment buyer in Q3 2015 was Invesco, an estimated $17.1M added.
- The largest PENN Entertainment seller in Q3 2015 was Penn Capital Management, an estimated $13M sold.
Based on aggregated 13F filings for Q3 2015.