PENN Entertainment
PENN
439 hedge funds and large institutions have $9.98B invested in PENN Entertainment in 2020 Q3 according to their latest regulatory filings, with 145 funds opening new positions, 132 increasing their positions, 120 reducing their positions, and 43 closing their positions.
237% more first-time investments, than exits
New positions opened: 145 | Existing positions closed: 43
167% more capital invested
Capital invested by funds: $3.74B → $9.98B (+$6.24B)
157% more funds holding in top 10
Funds holding in top 10: 7 → 18 (+11)
29% more funds holding
Funds holding: 341 → 439 (+98)
22% more call options, than puts
Call options by funds: $747M | Put options by funds: $613M
10% more repeat investments, than reductions
Existing positions increased: 132 | Existing positions reduced: 120
2.1% less ownership
Funds ownership: 91.75% → 89.65% (-2.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
+$285M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$178M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$130M |
| 4 |
BlackRock
New York
|
+$54M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$51.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$98.8M |
| 2 |
JCAM
Jericho Capital Asset Management
New York
|
-$82.7M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$41.9M |
| 4 |
GT
Glenmede Trust
Philadelphia,
Pennsylvania
|
-$38.2M |
| 5 |
Jennison Associates
New York
|
-$28.5M |
PENN Hedge Fund Activity: Q3 2020 in Review
439 of the 4,970 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q3 2020, worth a combined $9.98B — up 167% from $3.74B a quarter earlier.
Buyers outnumbered sellers: 145 funds opened new PENN positions and 43 closed out — a net gain of 102 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 341 in Q2 2020.
- Funds reported $9.98B of PENN Entertainment stock for Q3 2020, up 167% quarter-over-quarter.
- 145 funds opened new PENN Entertainment positions in Q3 2020 and 43 closed out, a net change of +102 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.