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PENN Entertainment
PENN

571 hedge funds and large institutions have $7.08B invested in PENN Entertainment in 2021 Q4 according to their latest regulatory filings, with 106 funds opening new positions, 225 increasing their positions, 163 reducing their positions, and 125 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more repeat investments, than reductions

Existing positions increased: 225 | Existing positions reduced: 163

22% more call options, than puts

Call options by funds: $496M | Put options by funds: $406M

5% less funds holding

Funds holding: 600 → 571 (-29)

5.22% less ownership

Funds ownership: 85.85% → 80.63% (-5.2%)

15% less first-time investments, than exits

New positions opened: 106 | Existing positions closed: 125

27% less capital invested

Capital invested by funds: $9.75B → $7.08B (-$2.67B)

33% less funds holding in top 10

Funds holding in top 10: 12 → 8 (-4)

Holders
571
Holders Change
-29
Holders Change %
-4.83%
% of All Funds
8.79%
Holding in Top 10
8
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-33.33%
% of All Funds
0.12%
New
106
Increased
225
Reduced
163
Closed
125
Calls
$496M
Puts
$406M
Net Calls
+$90.7M
Net Calls Change
+$33.3M

Top Buyers

1
N
Natixis
France
+$138M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$82.6M
3
Invesco
Invesco
Georgia
+$64.3M
4
Voloridge Investment Management
Voloridge Investment Management
Florida
+$63.2M
5
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
+$59.7M

Top Sellers

1
AM
Atreides Management
Massachusetts
-$350M
2
WRCM
Whale Rock Capital Management
Massachusetts
-$148M
3
JCAM
Jericho Capital Asset Management
New York
-$65.6M
4
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$60.3M
5
GCM
Graham Capital Management
Connecticut
-$39.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$1.04B -$14.1M -232,914 -1%
Vanguard Group
2
Vanguard Group
Pennsylvania
$926M +$82.6M +1,363,213 +8%
BlackRock
3
BlackRock
New York
$779M +$52.6M +867,642 +6%
Invesco
4
Invesco
Georgia
$613M +$64.3M +1,060,315 +10%
BAMCO Inc
5
BAMCO Inc
New York
$553M +$15.2M +250,023 +2%
State Street
6
State Street
Massachusetts
$285M +$42.7M +703,925 +15%
Wellington Management Group
7
Wellington Management Group
Massachusetts
$208M -$24.6M -406,277 -9%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$161M +$12.5M +206,254 +7%
N
9
Natixis
France
$130M +$138M +2,282,869 +986%
Bank of America
10
Bank of America
North Carolina
$102M -$11.6M -191,635 -9%
Morgan Stanley
11
Morgan Stanley
New York
$97.8M +$19.5M +320,878 +20%
Charles Schwab
12
Charles Schwab
California
$92.5M +$10M +165,508 +10%
Citadel Advisors
13
Citadel Advisors
Florida
$85.3M +$55.3M +912,292 +125%
Norges Bank
14
Norges Bank
Norway
$74.7M +$1.91M +31,472 +2%
Millennium Management
15
Millennium Management
New York
$74.2M +$40.3M +665,525 +87%
Massachusetts Financial Services
16
Massachusetts Financial Services
Massachusetts
$72.3M -$60.3M -993,872 -42%
Northern Trust
17
Northern Trust
Illinois
$66.8M +$3.05M +50,247 +4%
EARNEST Partners
18
EARNEST Partners
Georgia
$60.4M +$11.5M +189,402 +19%
Voloridge Investment Management
19
Voloridge Investment Management
Florida
$60.2M +$63.2M +1,042,227 +874%
Bank of Nova Scotia
20
Bank of Nova Scotia
Ontario, Canada
$52.4M +$59.7M +984,403 +3,833%
Renaissance Technologies
21
Renaissance Technologies
New York
$51.7M +$44.4M +733,036 +277%
Bank of New York Mellon
22
Bank of New York Mellon
New York
$51.5M +$5.6M +92,371 +10%
Goldman Sachs
23
Goldman Sachs
New York
$48.5M +$25.8M +425,909 +84%
TCP
24
ThornTree Capital Partners
Massachusetts
$42.1M +$19.8M +326,338 +67%
Jane Street
25
Jane Street
New York
$39.3M +$35.9M +592,833 +360%
1
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PENN Hedge Fund Activity: Q4 2021 in Review

571 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q4 2021, worth a combined $7.08B — down 27% from $9.75B a quarter earlier.

Sellers outnumbered buyers: 125 funds closed out of PENN and 106 opened new positions — a net loss of 19 holders — while 163 trimmed existing stakes and 225 added.

The largest buyer was Natixis, adding an estimated $138M. The largest seller was Atreides Management, exiting entirely with an estimated $350M sold.

  • 571 institutional investors held PENN Entertainment (PENN) as of Q4 2021, down from 600 in Q3 2021.
  • Funds reported $7.08B of PENN Entertainment stock for Q4 2021, down 27% quarter-over-quarter.
  • 106 funds opened new PENN Entertainment positions in Q4 2021 and 125 closed out, a net change of -19 holders.
  • The largest PENN Entertainment buyer in Q4 2021 was Natixis, an estimated $138M added.
  • The largest PENN Entertainment seller in Q4 2021 was Atreides Management, an estimated $350M sold.

Based on aggregated 13F filings for Q4 2021.