PENN Entertainment
PENN
434 hedge funds and large institutions have $3.95B invested in PENN Entertainment in 2023 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 117 increasing their positions, 165 reducing their positions, and 69 closing their positions.
47% more call options, than puts
Call options by funds: $129M | Put options by funds: $87.2M
0.75% more ownership
Funds ownership: 86.63% → 87.38% (+0.75%)
1% less capital invested
Capital invested by funds: $3.99B → $3.95B (-$36.3M)
6% less funds holding
Funds holding: 464 → 434 (-30)
29% less repeat investments, than reductions
Existing positions increased: 117 | Existing positions reduced: 165
33% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 69
43% less funds holding in top 10
Funds holding in top 10: 7 → 4 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HVCM
HG Vora Capital Management
New York
|
+$116M |
| 2 |
Goldman Sachs
New York
|
+$17.7M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$13.9M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$12.9M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$12.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$74.2M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$24.1M |
| 3 |
Millennium Management
New York
|
-$20.5M |
| 4 |
TCP
ThornTree Capital Partners
Boston,
Massachusetts
|
-$18.5M |
| 5 |
Jennison Associates
New York
|
-$16.6M |
PENN Hedge Fund Activity: Q1 2023 in Review
434 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q1 2023, worth a combined $3.95B — down 0.91% from $3.99B a quarter earlier.
Sellers outnumbered buyers: 69 funds closed out of PENN and 46 opened new positions — a net loss of 23 holders — while 165 trimmed existing stakes and 117 added.
The largest buyer was HG Vora Capital Management, adding an estimated $116M. The largest seller was Invesco, cutting an estimated $74.2M.
- 434 institutional investors held PENN Entertainment (PENN) as of Q1 2023, down from 464 in Q4 2022.
- Funds reported $3.95B of PENN Entertainment stock for Q1 2023, down 0.91% quarter-over-quarter.
- 46 funds opened new PENN Entertainment positions in Q1 2023 and 69 closed out, a net change of -23 holders.
- The largest PENN Entertainment buyer in Q1 2023 was HG Vora Capital Management, an estimated $116M added.
- The largest PENN Entertainment seller in Q1 2023 was Invesco, an estimated $74.2M sold.
Based on aggregated 13F filings for Q1 2023.