PENN Entertainment
PENN
267 hedge funds and large institutions have $3.12B invested in PENN Entertainment in 2018 Q2 according to their latest regulatory filings, with 49 funds opening new positions, 94 increasing their positions, 77 reducing their positions, and 36 closing their positions.
479% more call options, than puts
Call options by funds: $108M | Put options by funds: $18.7M
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
36% more first-time investments, than exits
New positions opened: 49 | Existing positions closed: 36
31% more capital invested
Capital invested by funds: $2.39B → $3.12B (+$732M)
22% more repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 77
5% more funds holding
Funds holding: 254 → 267 (+13)
1.79% more ownership
Funds ownership: 99.37% → 101.16% (+1.8%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GT
Glenmede Trust
Philadelphia,
Pennsylvania
|
+$34.2M |
| 2 |
TCIM
TIAA CREF Investment Management
New York
|
+$29.2M |
| 3 |
Bank of New York Mellon
New York
|
+$25.7M |
| 4 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
+$22.8M |
| 5 |
MGM
Miura Global Management
New York
|
+$21.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$61M |
| 2 |
HVCM
HG Vora Capital Management
New York
|
-$46M |
| 3 |
SAM
Scopus Asset Management
New York
|
-$34.5M |
| 4 |
BRIM
Broad Run Investment Management
Arlington,
Virginia
|
-$31.5M |
| 5 |
MWNA
Marshall Wace North America
New York
|
-$24.9M |
PENN Hedge Fund Activity: Q2 2018 in Review
267 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q2 2018, worth a combined $3.12B — up 31% from $2.39B a quarter earlier.
Buyers outnumbered sellers: 49 funds opened new PENN positions and 36 closed out — a net gain of 13 holders — while 94 added to existing stakes and 77 trimmed.
The largest buyer was Glenmede Trust, adding an estimated $34.2M. The largest seller was Fidelity Investments, cutting an estimated $61M.
- 267 institutional investors held PENN Entertainment (PENN) as of Q2 2018, up from 254 in Q1 2018.
- Funds reported $3.12B of PENN Entertainment stock for Q2 2018, up 31% quarter-over-quarter.
- 49 funds opened new PENN Entertainment positions in Q2 2018 and 36 closed out, a net change of +13 holders.
- The largest PENN Entertainment buyer in Q2 2018 was Glenmede Trust, an estimated $34.2M added.
- The largest PENN Entertainment seller in Q2 2018 was Fidelity Investments, an estimated $61M sold.
Based on aggregated 13F filings for Q2 2018.