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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.

New
Increased
Maintained
Reduced
Closed

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

14% less capital invested

Capital invested by funds: $1.35B → $1.16B (-$189M)

Holders
201
Holders Change
+6
Holders Change %
+3.08%
% of All Funds
5.36%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.11%
New
34
Increased
63
Reduced
63
Closed
26
Calls
$28.3M
Puts
$760K
Net Calls
+$27.5M
Net Calls Change
+$11.5M

Top Buyers

1
CIP
Chartwell Investment Partners
Pennsylvania
+$28.4M
2
RIM
RS Investment Management
California
+$25.4M
3
WRF
Waddell & Reed Financial
Kansas
+$18.9M
4
Millennium Management
Millennium Management
New York
+$16.7M
5
HVCM
HG Vora Capital Management
New York
+$15.7M

Top Sellers

1
HCM
Highline Capital Management
New York
-$30.9M
2
FAM
Fred Alger Management
New York
-$22.2M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$21.7M
4
PCM
PAR Capital Management
Massachusetts
-$15.7M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$13.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
BAMCO Inc
1
BAMCO Inc
New York
$104M -$5.98M -381,798 -5%
Balyasny Asset Management
2
Balyasny Asset Management
Illinois
$90.5M -$12.3M -784,727 -11%
Vanguard Group
3
Vanguard Group
Pennsylvania
$75.9M -$21.7M -1,385,242 -20%
PCM
4
PAR Capital Management
Massachusetts
$52.6M -$15.7M -1,000,000 -21%
Invesco
5
Invesco
Georgia
$45.5M +$3.1M +198,128 +6%
PI
6
Putnam Investments
Massachusetts
$43.3M +$52.3K +3,341 +0.1%
Renaissance Technologies
7
Renaissance Technologies
New York
$33.9M +$7.57M +483,500 +25%
BIT
8
BlackRock Institutional Trust
California
$27.3M +$1.14M +73,086 +4%
Millennium Management
9
Millennium Management
New York
$26.4M +$16.7M +1,064,575 +129%
Ameriprise
10
Ameriprise
Minnesota
$26.1M +$3.64M +232,664 +14%
BFA
11
BlackRock Fund Advisors
California
$25.5M -$1.34M -85,794 -4%
CIP
12
Chartwell Investment Partners
Pennsylvania
$25.3M +$28.4M +1,812,600 New
Victory Capital Management
13
Victory Capital Management
Texas
$24.6M +$3.05M +195,142 +12%
RCMC
14
RK Capital Management (Colorado)
Colorado
$24.5M -$1.06M -67,900 -4%
RIM
15
RS Investment Management
California
$23.2M +$25.4M +1,623,075 +4,054%
Deutsche Bank
16
Deutsche Bank
Germany
$22.8M +$12.6M +807,731 +98%
SAM
17
Scopus Asset Management
New York
$21.6M +$2.35M +150,000 +11%
WRF
18
Waddell & Reed Financial
Kansas
$21.5M +$18.9M +1,205,347 +362%
EA
19
Emerald Advisers
Pennsylvania
$20.4M +$3.76M +240,370 +20%
HCM
20
Highline Capital Management
New York
$20.4M -$30.9M -1,973,497 -57%
ECP
21
Elk Creek Partners
Colorado
$18.4M +$1.88M +120,206 +10%
State Street
22
State Street
Massachusetts
$18.2M +$31.9K +2,040 +0.2%
BRIM
23
Broad Run Investment Management
Virginia
$16.7M – – –
SAM
24
Sentinel Asset Management
Vermont
$14.6M +$2.12M +135,224 +15%
HVCM
25
HG Vora Capital Management
New York
$13.9M +$15.7M +1,000,000 New
1
2 3 4 5

PENN Hedge Fund Activity: Q2 2016 in Review

201 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q2 2016, worth a combined $1.16B — down 14% from $1.35B 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 14% 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.