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PENN Entertainment

195 hedge funds and large institutions have $1.35B invested in PENN Entertainment in 2016 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 80 increasing their positions, 52 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,003% more call options, than puts

Call options by funds: $17.6M | Put options by funds: $1.59M

54% more repeat investments, than reductions

Existing positions increased: 80 | Existing positions reduced: 52

11% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 27

1% more funds holding

Funds holding: 193195 (+2)

2% more capital invested

Capital invested by funds: $1.33B → $1.35B (+$21.1M)

25% less funds holding in top 10

Funds holding in top 10: 43 (-1)

Holders
195
Holders Change
+2
Holders Change %
+1.04%
% of All Funds
5.2%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.08%
New
30
Increased
80
Reduced
52
Closed
27
Calls
$17.6M
Puts
$1.59M
Net Calls
+$16M
Net Calls Change
+$1.13M
Name Holding Trade Value Shares
Change
Change in
Stake
BAMCO Inc
1
BAMCO Inc
New York
$130M +$1.72M +120,250 +2%
Balyasny Asset Management
2
Balyasny Asset Management
Illinois
$121M +$13.8M +965,511 +15%
Vanguard Group
3
Vanguard Group
Pennsylvania
$114M +$9.16M +638,843 +10%
PCM
4
PAR Capital Management
Massachusetts
$79.6M -$16.8M -1,169,287 -20%
HCM
5
Highline Capital Management
New York
$57.4M -$290K -20,200 -0.6%
PI
6
Putnam Investments
Massachusetts
$51.7M +$3.18M +221,885 +8%
Invesco
7
Invesco
Georgia
$51.2M +$912K +63,609 +2%
Renaissance Technologies
8
Renaissance Technologies
New York
$32.5M +$7.2M +502,000 +35%
BFA
9
BlackRock Fund Advisors
California
$31.9M -$666K -46,488 -2%
BIT
10
BlackRock Institutional Trust
California
$31.5M +$314K +21,890 +1%
RCMC
11
RK Capital Management (Colorado)
Colorado
$30.4M +$5.29M +369,000 +25%
Ameriprise
12
Ameriprise
Minnesota
$27.4M +$5.45M +380,022 +30%
Victory Capital Management
13
Victory Capital Management
Texas
$26.2M +$2.39M +166,620 +12%
FAM
14
Fred Alger Management
New York
$23.6M +$5.95M +415,086 +41%
SAM
15
Scopus Asset Management
New York
$23.4M +$4.3M +300,000 +27%
State Street
16
State Street
Massachusetts
$21.7M +$375K +26,159 +2%
EA
17
Emerald Advisers
Pennsylvania
$20.4M +$4.99M +347,830 +40%
ECP
18
Elk Creek Partners
Colorado
$20.1M +$3.51M +245,151 +26%
BRIM
19
Broad Run Investment Management
Virginia
$20M
MP
20
Manikay Partners
New York
$16.7M +$12.9M +900,000 +900%
SAM
21
Sentinel Asset Management
Vermont
$15.2M +$4.1M +286,100 +46%
DC
22
Davenport & Co
Virginia
$14.6M -$4.4M -306,977 -26%
Northern Trust
23
Northern Trust
Illinois
$14.2M +$48.1K +3,354 +0.4%
Millennium Management
24
Millennium Management
New York
$13.8M -$14.8M -1,031,061 -56%
Deutsche Bank
25
Deutsche Bank
Germany
$13.7M +$3.62M +252,660 +44%

PENN Hedge Fund Activity: Q1 2016 in Review

195 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q1 2016, worth a combined $1.35B — up 1.6% from $1.33B a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new PENN positions and 27 closed out — a net gain of 3 holders — while 80 added to existing stakes and 52 trimmed.

The largest buyer was Balyasny Asset Management, adding an estimated $13.8M. The largest seller was Fiduciary Management Associates, exiting entirely with an estimated $23M sold.

  • 195 institutional investors held PENN Entertainment (PENN) as of Q1 2016, up from 193 in Q4 2015.
  • Funds reported $1.35B of PENN Entertainment stock for Q1 2016, up 1.6% quarter-over-quarter.
  • 30 funds opened new PENN Entertainment positions in Q1 2016 and 27 closed out, a net change of +3 holders.
  • The largest PENN Entertainment buyer in Q1 2016 was Balyasny Asset Management, an estimated $13.8M added.
  • The largest PENN Entertainment seller in Q1 2016 was Fiduciary Management Associates, an estimated $23M sold.

Based on aggregated 13F filings for Q1 2016.