PENN Entertainment
PENN
254 hedge funds and large institutions have $2.39B invested in PENN Entertainment in 2018 Q1 according to their latest regulatory filings, with 53 funds opening new positions, 81 increasing their positions, 80 reducing their positions, and 26 closing their positions.
1,022% more call options, than puts
Call options by funds: $62.7M | Put options by funds: $5.59M
104% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 26
10% more funds holding
Funds holding: 230 → 254 (+24)
1% more repeat investments, than reductions
Existing positions increased: 81 | Existing positions reduced: 80
0.28% more ownership
Funds ownership: 99.09% → 99.37% (+0.28%)
16% less capital invested
Capital invested by funds: $2.83B → $2.39B (-$440M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MWNA
Marshall Wace North America
New York
|
+$26.9M |
| 2 |
Millennium Management
New York
|
+$26.6M |
| 3 |
BAMCO Inc
New York
|
+$20.9M |
| 4 |
BA
Boston Advisors
Boston,
Massachusetts
|
+$18.2M |
| 5 |
O
OppenheimerFunds
New York
|
+$17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$61.6M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$30.9M |
| 3 |
Morgan Stanley
New York
|
-$23.5M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$19.8M |
| 5 |
SAM
Scopus Asset Management
New York
|
-$16.5M |
PENN Hedge Fund Activity: Q1 2018 in Review
254 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q1 2018, worth a combined $2.39B — down 16% from $2.83B a quarter earlier.
Buyers outnumbered sellers: 53 funds opened new PENN positions and 26 closed out — a net gain of 27 holders — while 81 added to existing stakes and 80 trimmed.
The largest buyer was Marshall Wace North America, adding an estimated $26.9M. The largest seller was Goldman Sachs, cutting an estimated $61.6M.
- 254 institutional investors held PENN Entertainment (PENN) as of Q1 2018, up from 230 in Q4 2017.
- Funds reported $2.39B of PENN Entertainment stock for Q1 2018, down 16% quarter-over-quarter.
- 53 funds opened new PENN Entertainment positions in Q1 2018 and 26 closed out, a net change of +27 holders.
- The largest PENN Entertainment buyer in Q1 2018 was Marshall Wace North America, an estimated $26.9M added.
- The largest PENN Entertainment seller in Q1 2018 was Goldman Sachs, an estimated $61.6M sold.
Based on aggregated 13F filings for Q1 2018.