PENN Entertainment
PENN
427 hedge funds and large institutions have $3.61B invested in PENN Entertainment in 2023 Q4 according to their latest regulatory filings, with 92 funds opening new positions, 107 increasing their positions, 130 reducing their positions, and 51 closing their positions.
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
20% more capital invested
Capital invested by funds: $3.01B → $3.61B (+$594M)
9% more funds holding
Funds holding: 391 → 427 (+36)
4.75% more ownership
Funds ownership: 86.6% → 91.36% (+4.8%)
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: 130
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
+$74.9M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$55.3M |
| 3 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$46.4M |
| 4 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$42.7M |
| 5 |
WMSA
Weiss Multi-Strategy Advisers
New York
|
+$38.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$93.5M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$63.6M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$39.6M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$38.7M |
| 5 |
Renaissance Technologies
New York
|
-$27.3M |
PENN Hedge Fund Activity: Q4 2023 in Review
427 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q4 2023, worth a combined $3.61B — up 20% 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 130 trimmed.
The largest buyer was Nomura Holdings, adding an estimated $74.9M. The largest seller was Morgan Stanley, cutting an estimated $93.5M.
- 427 institutional investors held PENN Entertainment (PENN) as of Q4 2023, up from 391 in Q3 2023.
- Funds reported $3.61B of PENN Entertainment stock for Q4 2023, up 20% 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 Morgan Stanley, an estimated $93.5M sold.
Based on aggregated 13F filings for Q4 2023.