PENN Entertainment
PENN
391 hedge funds and large institutions have $3.01B invested in PENN Entertainment in 2023 Q3 according to their latest regulatory filings, with 60 funds opening new positions, 121 increasing their positions, 118 reducing their positions, and 56 closing their positions.
150% more funds holding in top 10
Funds holding in top 10: 2 → 5 (+3)
67% more call options, than puts
Call options by funds: $277M | Put options by funds: $166M
4.7% more ownership
Funds ownership: 81.9% → 86.6% (+4.7%)
7% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 56
3% more repeat investments, than reductions
Existing positions increased: 121 | Existing positions reduced: 118
1% less capital invested
Capital invested by funds: $3.03B → $3.01B (-$20.7M)
1% less funds holding
Funds holding: 394 → 391 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$98.9M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$66.2M |
| 3 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
+$47.4M |
| 4 |
Goldman Sachs
New York
|
+$40.1M |
| 5 |
Holocene Advisors
New York
|
+$27.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$111M |
| 2 |
LPC
Long Pond Capital
New York
|
-$74.5M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$43.2M |
| 4 |
BAMCO Inc
New York
|
-$31.4M |
| 5 |
Nomura Holdings
Tokyo,
Japan
|
-$29.3M |
PENN Hedge Fund Activity: Q3 2023 in Review
391 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q3 2023, worth a combined $3.01B — down 0.68% from $3.03B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new PENN positions and 56 closed out — a net gain of 4 holders — while 121 added to existing stakes and 118 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $98.9M. The largest seller was Fidelity Investments, cutting an estimated $111M.
- 391 institutional investors held PENN Entertainment (PENN) as of Q3 2023, down from 394 in Q2 2023.
- Funds reported $3.01B of PENN Entertainment stock for Q3 2023, down 0.68% quarter-over-quarter.
- 60 funds opened new PENN Entertainment positions in Q3 2023 and 56 closed out, a net change of +4 holders.
- The largest PENN Entertainment buyer in Q3 2023 was Morgan Stanley, an estimated $98.9M added.
- The largest PENN Entertainment seller in Q3 2023 was Fidelity Investments, an estimated $111M sold.
Based on aggregated 13F filings for Q3 2023.