PENN Entertainment
PENN
230 hedge funds and large institutions have $2.83B invested in PENN Entertainment in 2017 Q4 according to their latest regulatory filings, with 51 funds opening new positions, 65 increasing their positions, 79 reducing their positions, and 33 closing their positions.
724% more call options, than puts
Call options by funds: $25.6M | Put options by funds: $3.11M
55% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 33
33% more capital invested
Capital invested by funds: $2.12B → $2.83B (+$707M)
8% more funds holding
Funds holding: 212 → 230 (+18)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.27% less ownership
Funds ownership: 99.36% → 99.09% (-0.27%)
18% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 79
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$40.3M |
| 2 |
HAI
Hennessy Advisors Inc
Novato,
California
|
+$30.4M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$28.5M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$28.2M |
| 5 |
Morgan Stanley
New York
|
+$24.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
-$114M |
| 2 |
EARNEST Partners
Atlanta,
Georgia
|
-$39.4M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$18.4M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
-$18.3M |
| 5 |
Bank of New York Mellon
New York
|
-$15.7M |
PENN Hedge Fund Activity: Q4 2017 in Review
230 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q4 2017, worth a combined $2.83B — up 33% from $2.12B a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new PENN positions and 33 closed out — a net gain of 18 holders — while 65 added to existing stakes and 79 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $40.3M. The largest seller was HG Vora Capital Management, cutting an estimated $114M.
- 230 institutional investors held PENN Entertainment (PENN) as of Q4 2017, up from 212 in Q3 2017.
- Funds reported $2.83B of PENN Entertainment stock for Q4 2017, up 33% quarter-over-quarter.
- 51 funds opened new PENN Entertainment positions in Q4 2017 and 33 closed out, a net change of +18 holders.
- The largest PENN Entertainment buyer in Q4 2017 was Goldman Sachs, an estimated $40.3M added.
- The largest PENN Entertainment seller in Q4 2017 was HG Vora Capital Management, an estimated $114M sold.
Based on aggregated 13F filings for Q4 2017.