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PENN Entertainment
PENN

493 hedge funds and large institutions have $12.2B invested in PENN Entertainment in 2020 Q4 according to their latest regulatory filings, with 124 funds opening new positions, 168 increasing their positions, 148 reducing their positions, and 67 closing their positions.

New
Increased
Maintained
Reduced
Closed

85% more first-time investments, than exits

New positions opened: 124 | Existing positions closed: 67

39% more call options, than puts

Call options by funds: $755M | Put options by funds: $542M

23% more capital invested

Capital invested by funds: $9.95B → $12.2B (+$2.25B)

14% more repeat investments, than reductions

Existing positions increased: 168 | Existing positions reduced: 148

12% more funds holding

Funds holding: 439 → 493 (+54)

1.54% more ownership

Funds ownership: 89.65% → 91.19% (+1.5%)

39% less funds holding in top 10

Funds holding in top 10: 18 → 11 (-7)

Holders
493
Holders Change
+54
Holders Change %
+12.3%
% of All Funds
8.72%
Holding in Top 10
11
Holding in Top 10 Change
-7
Holding in Top 10 Change %
-38.89%
% of All Funds
0.19%
New
124
Increased
168
Reduced
148
Closed
67
Calls
$755M
Puts
$542M
Net Calls
+$213M
Net Calls Change
+$85.1M

Top Buyers

1
BlackRock
BlackRock
New York
+$185M
2
Invesco
Invesco
Georgia
+$92.4M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$65.5M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$52.9M
5
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
+$46.4M

Top Sellers

1
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$58.1M
2
Voloridge Investment Management
Voloridge Investment Management
Florida
-$49.9M
3
CCM
CAAS Capital Management
New York
-$42M
4
JCAM
Jericho Capital Asset Management
New York
-$41M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$35.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$1.78B +$5.18M +72,598 +0.4%
BlackRock
2
BlackRock
New York
$1.66B +$185M +2,586,330 +16%
Vanguard Group
3
Vanguard Group
Pennsylvania
$1.2B +$52.9M +740,846 +6%
BAMCO Inc
4
BAMCO Inc
New York
$984M -$20.8M -291,565 -2%
Invesco
5
Invesco
Georgia
$623M +$92.4M +1,294,418 +22%
Wellington Management Group
6
Wellington Management Group
Massachusetts
$514M +$65.5M +917,341 +18%
WRCM
7
Whale Rock Capital Management
Massachusetts
$474M -$22.3M -312,879 -5%
State Street
8
State Street
Massachusetts
$399M +$20.2M +283,499 +7%
Bank of America
9
Bank of America
North Carolina
$236M -$1.28M -17,991 -0.7%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$208M +$14.1M +198,007 +9%
Northern Trust
11
Northern Trust
Illinois
$197M +$7.38M +103,407 +5%
Bank of New York Mellon
12
Bank of New York Mellon
New York
$137M -$2.28M -31,953 -2%
Goldman Sachs
13
Goldman Sachs
New York
$134M +$2.05M +28,760 +2%
DFO
14
Duquesne Family Office
New York
$131M -$26.8M -375,000 -20%
Charles Schwab
15
Charles Schwab
California
$128M -$53.5K -750 -0.1%
Massachusetts Financial Services
16
Massachusetts Financial Services
Massachusetts
$123M +$46.4M +649,876 +84%
Norges Bank
17
Norges Bank
Norway
$118M +$4.2M +58,856 +5%
Morgan Stanley
18
Morgan Stanley
New York
$108M +$13M +181,504 +17%
TCM
19
Tybourne Capital Management
Hong Kong
$106M +$35.3M +494,000 +67%
AllianceBernstein
20
AllianceBernstein
Tennessee
$106M +$4.02M +56,400 +5%
Ameriprise
21
Ameriprise
Minnesota
$90.7M +$10.1M +141,935 +16%
JP Morgan Chase
22
JP Morgan Chase
New York
$83.6M +$32.3M +451,922 +88%
Holocene Advisors
23
Holocene Advisors
New York
$78M +$44.7M +626,908 +227%
EARNEST Partners
24
EARNEST Partners
Georgia
$75.2M +$4.42M +61,899 +8%
N
25
Nuveen
North Carolina
$73.3M +$8.37M +117,300 +16%
1
2 3 4 5

PENN Hedge Fund Activity: Q4 2020 in Review

493 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q4 2020, worth a combined $12.2B — up 23% from $9.95B a quarter earlier.

Buyers outnumbered sellers: 124 funds opened new PENN positions and 67 closed out — a net gain of 57 holders — while 168 added to existing stakes and 148 trimmed.

The largest buyer was BlackRock, adding an estimated $185M. The largest seller was Lord, Abbett & Co, cutting an estimated $58.1M.

  • 493 institutional investors held PENN Entertainment (PENN) as of Q4 2020, up from 439 in Q3 2020.
  • Funds reported $12.2B of PENN Entertainment stock for Q4 2020, up 23% quarter-over-quarter.
  • 124 funds opened new PENN Entertainment positions in Q4 2020 and 67 closed out, a net change of +57 holders.
  • The largest PENN Entertainment buyer in Q4 2020 was BlackRock, an estimated $185M added.
  • The largest PENN Entertainment seller in Q4 2020 was Lord, Abbett & Co, an estimated $58.1M sold.

Based on aggregated 13F filings for Q4 2020.