PENN Entertainment
PENN
600 hedge funds and large institutions have $9.75B invested in PENN Entertainment in 2021 Q3 according to their latest regulatory filings, with 99 funds opening new positions, 232 increasing their positions, 169 reducing their positions, and 71 closing their positions.
140% more funds holding in top 10
Funds holding in top 10: 5 → 12 (+7)
39% more first-time investments, than exits
New positions opened: 99 | Existing positions closed: 71
37% more repeat investments, than reductions
Existing positions increased: 232 | Existing positions reduced: 169
3% more funds holding
Funds holding: 582 → 600 (+18)
1.42% more ownership
Funds ownership: 84.43% → 85.85% (+1.4%)
9% more call options, than puts
Call options by funds: $732M | Put options by funds: $675M
3% less capital invested
Capital invested by funds: $10.1B → $9.75B (-$336M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AM
Atreides Management
Boston,
Massachusetts
|
+$356M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$154M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$127M |
| 4 |
BlackRock
New York
|
+$83.2M |
| 5 |
JCAM
Jericho Capital Asset Management
New York
|
+$66.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
-$191M |
| 2 |
FAM
Fred Alger Management
New York
|
-$103M |
| 3 |
Goldman Sachs
New York
|
-$67.2M |
| 4 |
Millennium Management
New York
|
-$64.6M |
| 5 |
BNP Paribas Financial Markets
Paris,
France
|
-$54.1M |
PENN Hedge Fund Activity: Q3 2021 in Review
600 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q3 2021, worth a combined $9.75B — down 3.3% from $10.1B a quarter earlier.
Buyers outnumbered sellers: 99 funds opened new PENN positions and 71 closed out — a net gain of 28 holders — while 232 added to existing stakes and 169 trimmed.
The largest buyer was Atreides Management, opening a new position worth an estimated $356M. The largest seller was HG Vora Capital Management, exiting entirely with an estimated $191M sold.
- 600 institutional investors held PENN Entertainment (PENN) as of Q3 2021, up from 582 in Q2 2021.
- Funds reported $9.75B of PENN Entertainment stock for Q3 2021, down 3.3% quarter-over-quarter.
- 99 funds opened new PENN Entertainment positions in Q3 2021 and 71 closed out, a net change of +28 holders.
- The largest PENN Entertainment buyer in Q3 2021 was Atreides Management, an estimated $356M added.
- The largest PENN Entertainment seller in Q3 2021 was HG Vora Capital Management, an estimated $191M sold.
Based on aggregated 13F filings for Q3 2021.