PENN Entertainment
PENN
243 hedge funds and large institutions have $2.31B invested in PENN Entertainment in 2019 Q1 according to their latest regulatory filings, with 40 funds opening new positions, 76 increasing their positions, 94 reducing their positions, and 32 closing their positions.
500% more call options, than puts
Call options by funds: $49.8M | Put options by funds: $8.3M
400% more funds holding in top 10
Funds holding in top 10: 1 → 5 (+4)
25% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 32
10% more capital invested
Capital invested by funds: $2.1B → $2.31B (+$201M)
4.22% more ownership
Funds ownership: 93.95% → 98.17% (+4.2%)
2% more funds holding
Funds holding: 239 → 243 (+4)
19% less repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 94
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
+$136M |
| 2 |
Prudential Financial
Newark,
New Jersey
|
+$22.9M |
| 3 |
Millennium Management
New York
|
+$20.7M |
| 4 |
SCM
SG Capital Management
Chicago,
Illinois
|
+$20M |
| 5 |
BHG
Blue Harbour Group
Greenwich,
Connecticut
|
+$19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$56.7M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$51.3M |
| 3 |
TCIM
TIAA CREF Investment Management
New York
|
-$19.9M |
| 4 |
HSBC Holdings
London,
United Kingdom
|
-$19.1M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$16.1M |
PENN Hedge Fund Activity: Q1 2019 in Review
243 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q1 2019, worth a combined $2.31B — up 9.6% from $2.1B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new PENN positions and 32 closed out — a net gain of 8 holders — while 76 added to existing stakes and 94 trimmed.
The largest buyer was HG Vora Capital Management, opening a new position worth an estimated $136M. The largest seller was Goldman Sachs, cutting an estimated $56.7M.
- 243 institutional investors held PENN Entertainment (PENN) as of Q1 2019, up from 239 in Q4 2018.
- Funds reported $2.31B of PENN Entertainment stock for Q1 2019, up 9.6% quarter-over-quarter.
- 40 funds opened new PENN Entertainment positions in Q1 2019 and 32 closed out, a net change of +8 holders.
- The largest PENN Entertainment buyer in Q1 2019 was HG Vora Capital Management, an estimated $136M added.
- The largest PENN Entertainment seller in Q1 2019 was Goldman Sachs, an estimated $56.7M sold.
Based on aggregated 13F filings for Q1 2019.