PENN Entertainment
PENN
231 hedge funds and large institutions have $2.16B invested in PENN Entertainment in 2019 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 86 increasing their positions, 76 reducing their positions, and 28 closing their positions.
118% more call options, than puts
Call options by funds: $15.4M | Put options by funds: $7.06M
13% more repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 76
11% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 28
1% more funds holding
Funds holding: 229 → 231 (+2)
0.53% more ownership
Funds ownership: 99.53% → 100.06% (+0.53%)
4% less capital invested
Capital invested by funds: $2.25B → $2.16B (-$86.3M)
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
+$32.2M |
| 2 |
BAMCO Inc
New York
|
+$25.9M |
| 3 |
BlackRock
New York
|
+$23.2M |
| 4 |
Prudential Financial
Newark,
New Jersey
|
+$22.7M |
| 5 |
Nuveen
Charlotte,
North Carolina
|
+$15.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BHG
Blue Harbour Group
Greenwich,
Connecticut
|
-$58M |
| 2 |
Morgan Stanley
New York
|
-$22.5M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$18M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$17.8M |
| 5 |
HIM
Hanlon Investment Management
Egg Harbor Township,
New Jersey
|
-$15.7M |
PENN Hedge Fund Activity: Q3 2019 in Review
231 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q3 2019, worth a combined $2.16B — down 3.8% from $2.25B a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new PENN positions and 28 closed out — a net gain of 3 holders — while 86 added to existing stakes and 76 trimmed.
The largest buyer was HG Vora Capital Management, adding an estimated $32.2M. The largest seller was Blue Harbour Group, exiting entirely with an estimated $58M sold.
- 231 institutional investors held PENN Entertainment (PENN) as of Q3 2019, up from 229 in Q2 2019.
- Funds reported $2.16B of PENN Entertainment stock for Q3 2019, down 3.8% quarter-over-quarter.
- 31 funds opened new PENN Entertainment positions in Q3 2019 and 28 closed out, a net change of +3 holders.
- The largest PENN Entertainment buyer in Q3 2019 was HG Vora Capital Management, an estimated $32.2M added.
- The largest PENN Entertainment seller in Q3 2019 was Blue Harbour Group, an estimated $58M sold.
Based on aggregated 13F filings for Q3 2019.