PENN Entertainment
PENN
194 hedge funds and large institutions have $1.12B invested in PENN Entertainment in 2016 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 63 increasing their positions, 61 reducing their positions, and 30 closing their positions.
2,586% more call options, than puts
Call options by funds: $22.4M | Put options by funds: $835K
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
3% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 61
3% less capital invested
Capital invested by funds: $1.16B → $1.12B (-$39.9M)
3% less funds holding
Funds holding: 201 → 194 (-7)
13% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
+$33.1M |
| 2 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$32.5M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
+$25.9M |
| 4 |
GAM
Goldentree Asset Management
New York
|
+$22.5M |
| 5 |
MPAM
Monarch Partners Asset Management
Boston,
Massachusetts
|
+$16.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
-$37.6M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$26.1M |
| 3 |
CIP
Chartwell Investment Partners
Berywn,
Pennsylvania
|
-$25.3M |
| 4 |
HCM
Highline Capital Management
New York
|
-$20.4M |
| 5 |
Millennium Management
New York
|
-$12.6M |
PENN Hedge Fund Activity: Q3 2016 in Review
194 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q3 2016, worth a combined $1.12B — down 3.4% from $1.16B a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of PENN and 26 opened new positions — a net loss of 4 holders — while 61 trimmed existing stakes and 63 added.
The largest buyer was HG Vora Capital Management, adding an estimated $33.1M. The largest seller was Balyasny Asset Management, cutting an estimated $37.6M.
- 194 institutional investors held PENN Entertainment (PENN) as of Q3 2016, down from 201 in Q2 2016.
- Funds reported $1.12B of PENN Entertainment stock for Q3 2016, down 3.4% quarter-over-quarter.
- 26 funds opened new PENN Entertainment positions in Q3 2016 and 30 closed out, a net change of -4 holders.
- The largest PENN Entertainment buyer in Q3 2016 was HG Vora Capital Management, an estimated $33.1M added.
- The largest PENN Entertainment seller in Q3 2016 was Balyasny Asset Management, an estimated $37.6M sold.
Based on aggregated 13F filings for Q3 2016.