PENN Entertainment
PENN
405 hedge funds and large institutions have $2.69B invested in PENN Entertainment in 2024 Q1 according to their latest regulatory filings, with 62 funds opening new positions, 110 increasing their positions, 137 reducing their positions, and 78 closing their positions.
91% more call options, than puts
Call options by funds: $248M | Put options by funds: $130M
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
4.95% more ownership
Funds ownership: 92.24% → 97.19% (+4.9%)
5% less funds holding
Funds holding: 426 → 405 (-21)
20% less repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 137
21% less first-time investments, than exits
New positions opened: 62 | Existing positions closed: 78
26% less capital invested
Capital invested by funds: $3.64B → $2.69B (-$948M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Shapiro Capital Management
Atlanta,
Georgia
|
+$186M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$47.3M |
| 3 |
JP Morgan Chase
New York
|
+$43.4M |
| 4 |
Millennium Management
New York
|
+$43.4M |
| 5 |
KHCM
Kettle Hill Capital Management
New York
|
+$28.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAMCO Inc
New York
|
-$98.9M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
-$49.3M |
| 3 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$41.3M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$41M |
| 5 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$38.8M |
PENN Hedge Fund Activity: Q1 2024 in Review
405 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q1 2024, worth a combined $2.69B — down 26% from $3.64B a quarter earlier.
Sellers outnumbered buyers: 78 funds closed out of PENN and 62 opened new positions — a net loss of 16 holders — while 137 trimmed existing stakes and 110 added.
The largest buyer was Shapiro Capital Management, adding an estimated $186M. The largest seller was BAMCO Inc, cutting an estimated $98.9M.
- 405 institutional investors held PENN Entertainment (PENN) as of Q1 2024, down from 426 in Q4 2023.
- Funds reported $2.69B of PENN Entertainment stock for Q1 2024, down 26% quarter-over-quarter.
- 62 funds opened new PENN Entertainment positions in Q1 2024 and 78 closed out, a net change of -16 holders.
- The largest PENN Entertainment buyer in Q1 2024 was Shapiro Capital Management, an estimated $186M added.
- The largest PENN Entertainment seller in Q1 2024 was BAMCO Inc, an estimated $98.9M sold.
Based on aggregated 13F filings for Q1 2024.