PENN Entertainment
PENN
281 hedge funds and large institutions have $3.15B invested in PENN Entertainment in 2018 Q3 according to their latest regulatory filings, with 46 funds opening new positions, 96 increasing their positions, 89 reducing their positions, and 30 closing their positions.
208% more call options, than puts
Call options by funds: $68.4M | Put options by funds: $22.2M
53% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 30
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
5% more funds holding
Funds holding: 267 → 281 (+14)
2.51% more ownership
Funds ownership: 101.16% → 103.67% (+2.5%)
8% more repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 89
1% more capital invested
Capital invested by funds: $3.12B → $3.15B (+$32.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Balyasny Asset Management
Chicago,
Illinois
|
+$39.7M |
| 2 |
Marshall Wace
London,
United Kingdom
|
+$32.5M |
| 3 |
Westfield Capital Management
Boston,
Massachusetts
|
+$27.9M |
| 4 |
Bank of New York Mellon
New York
|
+$25.8M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$24.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$22.4M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$20.1M |
| 3 |
BA
Boston Advisors
Boston,
Massachusetts
|
-$20.1M |
| 4 |
MWNA
Marshall Wace North America
New York
|
-$19.6M |
| 5 |
Renaissance Technologies
New York
|
-$19M |
PENN Hedge Fund Activity: Q3 2018 in Review
281 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q3 2018, worth a combined $3.15B — up 1% from $3.12B a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new PENN positions and 30 closed out — a net gain of 16 holders — while 96 added to existing stakes and 89 trimmed.
The largest buyer was Balyasny Asset Management, adding an estimated $39.7M. The largest seller was Arrowstreet Capital, exiting entirely with an estimated $22.4M sold.
- 281 institutional investors held PENN Entertainment (PENN) as of Q3 2018, up from 267 in Q2 2018.
- Funds reported $3.15B of PENN Entertainment stock for Q3 2018, up 1% quarter-over-quarter.
- 46 funds opened new PENN Entertainment positions in Q3 2018 and 30 closed out, a net change of +16 holders.
- The largest PENN Entertainment buyer in Q3 2018 was Balyasny Asset Management, an estimated $39.7M added.
- The largest PENN Entertainment seller in Q3 2018 was Arrowstreet Capital, an estimated $22.4M sold.
Based on aggregated 13F filings for Q3 2018.