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PENN Entertainment
PENN

439 hedge funds and large institutions have $9.95B invested in PENN Entertainment in 2020 Q3 according to their latest regulatory filings, with 146 funds opening new positions, 132 increasing their positions, 120 reducing their positions, and 42 closing their positions.

New
Increased
Maintained
Reduced
Closed

248% more first-time investments, than exits

New positions opened: 146 | Existing positions closed: 42

166% more capital invested

Capital invested by funds: $3.74B → $9.95B (+$6.22B)

157% more funds holding in top 10

Funds holding in top 10: 7 → 18 (+11)

29% more funds holding

Funds holding: 339 → 439 (+100)

21% more call options, than puts

Call options by funds: $736M | Put options by funds: $608M

10% more repeat investments, than reductions

Existing positions increased: 132 | Existing positions reduced: 120

2.09% less ownership

Funds ownership: 91.75% → 89.65% (-2.1%)

Holders
439
Holders Change
+100
Holders Change %
+29.5%
% of All Funds
8.86%
Holding in Top 10
18
Holding in Top 10 Change
+11
Holding in Top 10 Change %
+157.14%
% of All Funds
0.36%
New
146
Increased
132
Reduced
120
Closed
42
Calls
$736M
Puts
$608M
Net Calls
+$128M
Net Calls Change
+$106M

Top Buyers

1
WRCM
Whale Rock Capital Management
Massachusetts
+$285M
2
Wellington Management Group
Wellington Management Group
Massachusetts
+$178M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$130M
4
BlackRock
BlackRock
New York
+$54M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$51.8M

Top Sellers

1
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$98.8M
2
JCAM
Jericho Capital Asset Management
New York
-$82.7M
3
Citadel Advisors
Citadel Advisors
Florida
-$41.9M
4
GT
Glenmede Trust
Pennsylvania
-$38.2M
5
Jennison Associates
Jennison Associates
New York
-$28.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$1.49B +$130M +2,641,249 +15%
BlackRock
2
BlackRock
New York
$1.21B +$54M +1,099,778 +7%
Vanguard Group
3
Vanguard Group
Pennsylvania
$954M +$51.8M +1,055,208 +9%
BAMCO Inc
4
BAMCO Inc
New York
$850M -$22.4M -456,454 -4%
Invesco
5
Invesco
Georgia
$430M -$380K -7,747 -0.1%
WRCM
6
Whale Rock Capital Management
Massachusetts
$422M +$285M +5,800,661 New
Wellington Management Group
7
Wellington Management Group
Massachusetts
$366M +$178M +3,621,387 +256%
State Street
8
State Street
Massachusetts
$315M +$10.6M +215,479 +5%
Bank of America
9
Bank of America
North Carolina
$200M +$1.89M +38,570 +1%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$161M +$9.6M +195,612 +10%
Northern Trust
11
Northern Trust
Illinois
$158M +$1.23M +25,062 +1%
DFO
12
Duquesne Family Office
New York
$138M +$41.5M +845,707 +81%
Bank of New York Mellon
13
Bank of New York Mellon
New York
$118M +$5.82M +118,608 +8%
Lord, Abbett & Co
14
Lord, Abbett & Co
New Jersey
$116M +$32.8M +668,978 +72%
Goldman Sachs
15
Goldman Sachs
New York
$111M +$35.7M +726,999 +91%
Charles Schwab
16
Charles Schwab
California
$108M +$15.5M +316,589 +27%
Norges Bank
17
Norges Bank
Norway
$94.8M -$13.3M -271,022 -17%
AllianceBernstein
18
AllianceBernstein
Tennessee
$85.1M +$38M +775,534 +197%
Dimensional Fund Advisors
19
Dimensional Fund Advisors
Texas
$84.9M -$726K -14,796 -1%
Morgan Stanley
20
Morgan Stanley
New York
$77.3M +$2.75M +55,997 +6%
Ameriprise
21
Ameriprise
Minnesota
$66M -$6.26M -127,672 -12%
Voloridge Investment Management
22
Voloridge Investment Management
Florida
$62.9M +$13.4M +273,059 +46%
EARNEST Partners
23
EARNEST Partners
Georgia
$58.8M -$5.25M -106,946 -12%
Massachusetts Financial Services
24
Massachusetts Financial Services
Massachusetts
$56.6M +$38.2M +778,160 New
KCM
25
Kornitzer Capital Management
Kansas
$54.1M +$4.86M +99,040 +15%
1
2 3 4 5

PENN Hedge Fund Activity: Q3 2020 in Review

439 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q3 2020, worth a combined $9.95B — up 166% from $3.74B a quarter earlier.

Buyers outnumbered sellers: 146 funds opened new PENN positions and 42 closed out — a net gain of 104 holders — while 132 added to existing stakes and 120 trimmed.

The largest buyer was Whale Rock Capital Management, opening a new position worth an estimated $285M. The largest seller was Arrowstreet Capital, cutting an estimated $98.8M.

  • 439 institutional investors held PENN Entertainment (PENN) as of Q3 2020, up from 339 in Q2 2020.
  • Funds reported $9.95B of PENN Entertainment stock for Q3 2020, up 166% quarter-over-quarter.
  • 146 funds opened new PENN Entertainment positions in Q3 2020 and 42 closed out, a net change of +104 holders.
  • The largest PENN Entertainment buyer in Q3 2020 was Whale Rock Capital Management, an estimated $285M added.
  • The largest PENN Entertainment seller in Q3 2020 was Arrowstreet Capital, an estimated $98.8M sold.

Based on aggregated 13F filings for Q3 2020.