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PENN Entertainment
PENN

444 hedge funds and large institutions have $3.65B invested in PENN Entertainment in 2022 Q3 according to their latest regulatory filings, with 51 funds opening new positions, 124 increasing their positions, 159 reducing their positions, and 95 closing their positions.

New
Increased
Maintained
Reduced
Closed

4.33% more ownership

Funds ownership: 79.46% → 83.79% (+4.3%)

2% less call options, than puts

Call options by funds: $121M | Put options by funds: $123M

9% less capital invested

Capital invested by funds: $4.03B → $3.65B (-$374M)

10% less funds holding

Funds holding: 494 → 444 (-50)

22% less repeat investments, than reductions

Existing positions increased: 124 | Existing positions reduced: 159

25% less funds holding in top 10

Funds holding in top 10: 8 → 6 (-2)

46% less first-time investments, than exits

New positions opened: 51 | Existing positions closed: 95

Holders
444
Holders Change
-50
Holders Change %
-10.12%
% of All Funds
7.65%
Holding in Top 10
6
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-25%
% of All Funds
0.1%
New
51
Increased
124
Reduced
159
Closed
95
Calls
$121M
Puts
$123M
Net Calls
-$1.97M
Net Calls Change
+$41.2M

Top Buyers

1
Goldman Sachs
Goldman Sachs
New York
+$148M
2
BlackRock
BlackRock
New York
+$140M
3
HVCM
HG Vora Capital Management
New York
+$129M
4
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
+$18.5M
5
Bank of America
Bank of America
North Carolina
+$17.4M

Top Sellers

1
Vanguard Group
Vanguard Group
Pennsylvania
-$108M
2
Bank of Nova Scotia
Bank of Nova Scotia
Ontario, Canada
-$66M
3
Invesco
Invesco
Georgia
-$49M
4
CIM
Contrarius Investment Management
Jersey
-$46.4M
5
LPC
Long Pond Capital
New York
-$39M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$579M +$7.59M +235,106 +1%
BlackRock
2
BlackRock
New York
$426M +$140M +4,335,264 +39%
Vanguard Group
3
Vanguard Group
Pennsylvania
$398M -$108M -3,336,121 -19%
BAMCO Inc
4
BAMCO Inc
New York
$236M -$4M -123,954 -1%
HVCM
5
HG Vora Capital Management
New York
$206M +$129M +4,000,000 +114%
Invesco
6
Invesco
Georgia
$174M -$49M -1,515,985 -19%
Goldman Sachs
7
Goldman Sachs
New York
$136M +$148M +4,569,445 +1,217%
State Street
8
State Street
Massachusetts
$115M -$33.8M -1,046,261 -20%
Bank of America
9
Bank of America
North Carolina
$84.8M +$17.4M +538,536 +21%
Renaissance Technologies
10
Renaissance Technologies
New York
$64.5M +$995K +30,823 +1%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$62.1M -$37M -1,145,765 -34%
EARNEST Partners
12
EARNEST Partners
Georgia
$59.7M +$3.39M +105,100 +5%
Norges Bank
13
Norges Bank
Norway
$59.4M +$4.87M +150,859 +8%
Morgan Stanley
14
Morgan Stanley
New York
$53.6M +$10.4M +320,661 +20%
Charles Schwab
15
Charles Schwab
California
$47.3M -$7.78M -240,860 -12%
Massachusetts Financial Services
16
Massachusetts Financial Services
Massachusetts
$45.7M +$18.5M +574,239 +53%
Bank of New York Mellon
17
Bank of New York Mellon
New York
$39.4M -$29.4M -910,798 -39%
Northern Trust
18
Northern Trust
Illinois
$34.6M -$3.17M -98,105 -7%
Dimensional Fund Advisors
19
Dimensional Fund Advisors
Texas
$32.1M -$2.39M -74,113 -6%
CIM
20
Contrarius Investment Management
Jersey
$29M -$46.4M -1,436,748 -58%
SEI Investments
21
SEI Investments
Pennsylvania
$26.4M -$1.05M -32,459 -3%
Citadel Advisors
22
Citadel Advisors
Florida
$24.1M -$8.84M -273,898 -24%
American Century Companies
23
American Century Companies
Missouri
$24M +$1.85M +57,265 +7%
TCP
24
ThornTree Capital Partners
Massachusetts
$19.9M -$1.21M -37,594 -5%
Wells Fargo
25
Wells Fargo
California
$17.8M +$294K +9,092 +1%
1
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PENN Hedge Fund Activity: Q3 2022 in Review

444 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q3 2022, worth a combined $3.65B — down 9.3% from $4.03B a quarter earlier.

Sellers outnumbered buyers: 95 funds closed out of PENN and 51 opened new positions — a net loss of 44 holders — while 159 trimmed existing stakes and 124 added.

The largest buyer was Goldman Sachs, adding an estimated $148M. The largest seller was Vanguard Group, cutting an estimated $108M.

  • 444 institutional investors held PENN Entertainment (PENN) as of Q3 2022, down from 494 in Q2 2022.
  • Funds reported $3.65B of PENN Entertainment stock for Q3 2022, down 9.3% quarter-over-quarter.
  • 51 funds opened new PENN Entertainment positions in Q3 2022 and 95 closed out, a net change of -44 holders.
  • The largest PENN Entertainment buyer in Q3 2022 was Goldman Sachs, an estimated $148M added.
  • The largest PENN Entertainment seller in Q3 2022 was Vanguard Group, an estimated $108M sold.

Based on aggregated 13F filings for Q3 2022.