PENN Entertainment
PENN
196 hedge funds and large institutions have $1.17B invested in PENN Entertainment in 2016 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 77 increasing their positions, 52 reducing their positions, and 26 closing their positions.
5,073% more call options, than puts
Call options by funds: $15.8M | Put options by funds: $305K
101.82% more ownership
Funds ownership: 0% → 101.82% (+102%)
48% more repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 52
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
12% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 26
1% more funds holding
Funds holding: 194 → 196 (+2)
4% more capital invested
Capital invested by funds: $1.12B → $1.17B (+$50.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
+$49.8M |
| 2 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$27.9M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$12.8M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$12.5M |
| 5 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
+$8.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
-$27.4M |
| 2 |
Renaissance Technologies
New York
|
-$16.6M |
| 3 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$15.4M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$15.1M |
| 5 |
Millennium Management
New York
|
-$10.3M |
PENN Hedge Fund Activity: Q4 2016 in Review
196 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q4 2016, worth a combined $1.17B — up 4.5% from $1.12B a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new PENN positions and 26 closed out — a net gain of 3 holders — while 77 added to existing stakes and 52 trimmed.
The largest buyer was HG Vora Capital Management, adding an estimated $49.8M. The largest seller was Balyasny Asset Management, cutting an estimated $27.4M.
- 196 institutional investors held PENN Entertainment (PENN) as of Q4 2016, up from 194 in Q3 2016.
- Funds reported $1.17B of PENN Entertainment stock for Q4 2016, up 4.5% quarter-over-quarter.
- 29 funds opened new PENN Entertainment positions in Q4 2016 and 26 closed out, a net change of +3 holders.
- The largest PENN Entertainment buyer in Q4 2016 was HG Vora Capital Management, an estimated $49.8M added.
- The largest PENN Entertainment seller in Q4 2016 was Balyasny Asset Management, an estimated $27.4M sold.
Based on aggregated 13F filings for Q4 2016.