PENN Entertainment
PENN
201 hedge funds and large institutions have $1.16B invested in PENN Entertainment in 2016 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 63 increasing their positions, 63 reducing their positions, and 26 closing their positions.
3,619% more call options, than puts
Call options by funds: $28.3M | Put options by funds: $760K
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
31% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 26
3% more funds holding
Funds holding: 195 → 201 (+6)
0% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 63
15% less capital invested
Capital invested by funds: $1.36B → $1.16B (-$198M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIP
Chartwell Investment Partners
Berywn,
Pennsylvania
|
+$28.4M |
| 2 |
RIM
RS Investment Management
San Francisco,
California
|
+$25.4M |
| 3 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
+$18.9M |
| 4 |
Millennium Management
New York
|
+$16.7M |
| 5 |
HVCM
HG Vora Capital Management
New York
|
+$15.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highline Capital Management
New York
|
-$30.9M |
| 2 |
FAM
Fred Alger Management
New York
|
-$22.2M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$21.7M |
| 4 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$15.7M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$13.5M |
PENN Hedge Fund Activity: Q2 2016 in Review
201 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q2 2016, worth a combined $1.16B — down 15% from $1.36B a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new PENN positions and 26 closed out — a net gain of 8 holders — while 63 added to existing stakes and 63 trimmed.
The largest buyer was Chartwell Investment Partners, opening a new position worth an estimated $28.4M. The largest seller was Highline Capital Management, cutting an estimated $30.9M.
- 201 institutional investors held PENN Entertainment (PENN) as of Q2 2016, up from 195 in Q1 2016.
- Funds reported $1.16B of PENN Entertainment stock for Q2 2016, down 15% quarter-over-quarter.
- 34 funds opened new PENN Entertainment positions in Q2 2016 and 26 closed out, a net change of +8 holders.
- The largest PENN Entertainment buyer in Q2 2016 was Chartwell Investment Partners, an estimated $28.4M added.
- The largest PENN Entertainment seller in Q2 2016 was Highline Capital Management, an estimated $30.9M sold.
Based on aggregated 13F filings for Q2 2016.