PENN Entertainment
PENN
229 hedge funds and large institutions have $2.25B invested in PENN Entertainment in 2019 Q2 according to their latest regulatory filings, with 34 funds opening new positions, 80 increasing their positions, 79 reducing their positions, and 44 closing their positions.
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
32% more call options, than puts
Call options by funds: $23.6M | Put options by funds: $17.9M
1.36% more ownership
Funds ownership: 98.17% → 99.53% (+1.4%)
1% more repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 79
3% less capital invested
Capital invested by funds: $2.31B → $2.25B (-$59.9M)
6% less funds holding
Funds holding: 243 → 229 (-14)
23% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 44
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nuveen
Charlotte,
North Carolina
|
+$101M |
| 2 |
Morgan Stanley
New York
|
+$25.1M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$19.7M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$17.9M |
| 5 |
Goldman Sachs
New York
|
+$10.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$19M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$16.4M |
| 3 |
Prudential Financial
Newark,
New Jersey
|
-$13.6M |
| 4 |
Millennium Management
New York
|
-$9.78M |
| 5 |
Man Group
London,
United Kingdom
|
-$9.48M |
PENN Hedge Fund Activity: Q2 2019 in Review
229 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q2 2019, worth a combined $2.25B — down 2.6% from $2.31B a quarter earlier.
Sellers outnumbered buyers: 44 funds closed out of PENN and 34 opened new positions — a net loss of 10 holders — while 79 trimmed existing stakes and 80 added.
The largest buyer was Nuveen, adding an estimated $101M. The largest seller was JP Morgan Chase, cutting an estimated $19M.
- 229 institutional investors held PENN Entertainment (PENN) as of Q2 2019, down from 243 in Q1 2019.
- Funds reported $2.25B of PENN Entertainment stock for Q2 2019, down 2.6% quarter-over-quarter.
- 34 funds opened new PENN Entertainment positions in Q2 2019 and 44 closed out, a net change of -10 holders.
- The largest PENN Entertainment buyer in Q2 2019 was Nuveen, an estimated $101M added.
- The largest PENN Entertainment seller in Q2 2019 was JP Morgan Chase, an estimated $19M sold.
Based on aggregated 13F filings for Q2 2019.