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PENN Entertainment
PENN

426 hedge funds and large institutions have $3.64B invested in PENN Entertainment in 2023 Q4 according to their latest regulatory filings, with 92 funds opening new positions, 107 increasing their positions, 131 reducing their positions, and 51 closing their positions.

New
Increased
Maintained
Reduced
Closed

80% more first-time investments, than exits

New positions opened: 92 | Existing positions closed: 51

39% more call options, than puts

Call options by funds: $319M | Put options by funds: $230M

21% more capital invested

Capital invested by funds: $3.01B → $3.64B (+$629M)

9% more funds holding

Funds holding: 390 → 426 (+36)

5.64% more ownership

Funds ownership: 86.6% → 92.24% (+5.6%)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

18% less repeat investments, than reductions

Existing positions increased: 107 | Existing positions reduced: 131

Holders
426
Holders Change
+36
Holders Change %
+9.23%
% of All Funds
6.21%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.07%
New
92
Increased
107
Reduced
131
Closed
51
Calls
$319M
Puts
$230M
Net Calls
+$88.9M
Net Calls Change
-$22.1M

Top Buyers

1
Nomura Holdings
Nomura Holdings
Japan
+$74.9M
2
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$55.3M
3
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
+$46.4M
4
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
+$42.7M
5
WMSA
Weiss Multi-Strategy Advisers
New York
+$38.6M

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$63.6M
2
Morgan Stanley
Morgan Stanley
New York
-$62.4M
3
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
-$39.6M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$38.7M
5
Renaissance Technologies
Renaissance Technologies
New York
-$27.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$386M +$26M +1,121,904 +8%
Vanguard Group
2
Vanguard Group
Pennsylvania
$383M +$2.27M +97,945 +0.7%
HVCM
3
HG Vora Capital Management
New York
$377M – – –
BlackRock
4
BlackRock
New York
$339M -$11.7M -505,200 -4%
BAMCO Inc
5
BAMCO Inc
New York
$134M -$23.1M -995,776 -16%
State Street
6
State Street
Massachusetts
$113M +$2.9M +124,827 +3%
EARNEST Partners
7
EARNEST Partners
Georgia
$98.5M +$24.8M +1,069,013 +39%
Nomura Holdings
8
Nomura Holdings
Japan
$84.9M +$74.9M +3,227,519 +9,139%
Bank of America
9
Bank of America
North Carolina
$84.5M +$11.6M +501,146 +18%
Morgan Stanley
10
Morgan Stanley
New York
$69.9M -$62.4M -2,689,502 -50%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$63.9M +$1.26M +54,133 +2%
Goldman Sachs
12
Goldman Sachs
New York
$62.3M +$6.03M +259,947 +12%
Balyasny Asset Management
13
Balyasny Asset Management
Illinois
$62.1M +$55.3M +2,386,459 New
SEI Investments
14
SEI Investments
Pennsylvania
$54.6M +$16.8M +725,221 +53%
Toronto Dominion Bank
15
Toronto Dominion Bank
Ontario, Canada
$52M +$46.4M +2,000,000 +8,333,333%
Hudson Bay Capital Management
16
Hudson Bay Capital Management
Connecticut
$52M +$42.7M +1,839,827 +1,149%
WMSA
17
Weiss Multi-Strategy Advisers
New York
$43.3M +$38.6M +1,665,153 New
Man Group
18
Man Group
United Kingdom
$43.2M +$38.5M +1,661,001 New
Norges Bank
19
Norges Bank
Norway
$42.8M -$4.75M -204,821 -11%
Arrowstreet Capital
20
Arrowstreet Capital
Massachusetts
$41M +$36.5M +1,573,895 New
Barclays
21
Barclays
United Kingdom
$35.4M +$25.7M +1,108,951 +438%
SCM
22
Shapiro Capital Management
Georgia
$32.9M +$29.3M +1,265,100 New
IG
23
ING Group
Netherlands
$32.6M +$29M +1,251,200 New
Bank of New York Mellon
24
Bank of New York Mellon
New York
$32.1M -$286K -12,321 -1%
Dimensional Fund Advisors
25
Dimensional Fund Advisors
Texas
$29.6M +$409K +17,622 +2%
1
2 3 4 5

PENN Hedge Fund Activity: Q4 2023 in Review

426 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q4 2023, worth a combined $3.64B — up 21% from $3.01B a quarter earlier.

Buyers outnumbered sellers: 92 funds opened new PENN positions and 51 closed out — a net gain of 41 holders — while 107 added to existing stakes and 131 trimmed.

The largest buyer was Nomura Holdings, adding an estimated $74.9M. The largest seller was Citadel Advisors, cutting an estimated $63.6M.

  • 426 institutional investors held PENN Entertainment (PENN) as of Q4 2023, up from 390 in Q3 2023.
  • Funds reported $3.64B of PENN Entertainment stock for Q4 2023, up 21% quarter-over-quarter.
  • 92 funds opened new PENN Entertainment positions in Q4 2023 and 51 closed out, a net change of +41 holders.
  • The largest PENN Entertainment buyer in Q4 2023 was Nomura Holdings, an estimated $74.9M added.
  • The largest PENN Entertainment seller in Q4 2023 was Citadel Advisors, an estimated $63.6M sold.

Based on aggregated 13F filings for Q4 2023.