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PENN Entertainment

381 hedge funds and large institutions have $3.02B invested in PENN Entertainment in 2024 Q2 according to their latest regulatory filings, with 58 funds opening new positions, 107 increasing their positions, 117 reducing their positions, and 77 closing their positions.

New
Increased
Maintained
Reduced
Closed

173% more call options, than puts

Call options by funds: $331M | Put options by funds: $121M

33% more funds holding in top 10

Funds holding in top 10: 68 (+2)

12% more capital invested

Capital invested by funds: $2.69B → $3.02B (+$321M)

5.01% more ownership

Funds ownership: 97.19%102.2% (+5%)

9% less repeat investments, than reductions

Existing positions increased: 107 | Existing positions reduced: 117

6% less funds holding

Funds holding: 405381 (-24)

25% less first-time investments, than exits

New positions opened: 58 | Existing positions closed: 77

Holders
381
Holders Change
-24
Holders Change %
-5.93%
% of All Funds
5.5%
Holding in Top 10
8
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+33.33%
% of All Funds
0.12%
New
58
Increased
107
Reduced
117
Closed
77
Calls
$331M
Puts
$121M
Net Calls
+$210M
Net Calls Change
+$91.7M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$351M +$89.4M +5,265,728 +41%
Vanguard Group
2
Vanguard Group
Pennsylvania
$319M +$29M +1,706,508 +12%
HVCM
3
HG Vora Capital Management
New York
$281M
Fidelity Investments
4
Fidelity Investments
Massachusetts
$258M -$22.4M -1,317,032 -9%
SCM
5
Shapiro Capital Management
Georgia
$133M -$57.7M -3,399,643 -33%
JP Morgan Chase
6
JP Morgan Chase
New York
$109M +$44.5M +2,622,162 +87%
DCM
7
DME Capital Management
New York
$98.6M +$9.18M +540,630 +12%
State Street
8
State Street
Massachusetts
$95.3M +$8.63M +508,355 +12%
EARNEST Partners
9
EARNEST Partners
Georgia
$79.7M +$3.05M +179,813 +5%
Nomura Holdings
10
Nomura Holdings
Japan
$67.3M -$2.85M -167,556 -5%
Bank of America
11
Bank of America
North Carolina
$65.7M -$2.09M -122,991 -3%
Goldman Sachs
12
Goldman Sachs
New York
$54.5M -$1.24M -72,956 -3%
AC
13
Armistice Capital
New York
$51.2M +$21.5M +1,266,023 +92%
Geode Capital Management
14
Geode Capital Management
Massachusetts
$48.4M -$762K -44,877 -2%
SEI Investments
15
SEI Investments
Pennsylvania
$47.6M +$1.51M +88,797 +4%
Morgan Stanley
16
Morgan Stanley
New York
$41.1M -$23.1M -1,361,426 -39%
NW
17
NewEdge Wealth
Pennsylvania
$37M +$15.7M +926,846 +94%
Point72 Asset Management
18
Point72 Asset Management
Connecticut
$28.9M +$22.1M +1,299,459 +664%
Northwestern Mutual Wealth Management
19
Northwestern Mutual Wealth Management
Wisconsin
$28.2M +$24.2M +1,426,274 +4,783%
HSBC Holdings
20
HSBC Holdings
United Kingdom
$28.1M +$21.2M +1,250,739 +618%
Man Group
21
Man Group
United Kingdom
$27.5M -$8.11M -477,457 -25%
ICM
22
Invenomic Capital Management
Massachusetts
$26.5M -$8.75M -514,932 -27%
IG
23
ING Group
Netherlands
$25.2M -$1.44M -84,800 -6%
Dimensional Fund Advisors
24
Dimensional Fund Advisors
Texas
$25.1M +$525K +30,932 +2%
Citadel Advisors
25
Citadel Advisors
Florida
$25.1M -$21.6M -1,271,574 -50%

PENN Hedge Fund Activity: Q2 2024 in Review

381 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q2 2024, worth a combined $3.02B — up 12% from $2.69B a quarter earlier.

Sellers outnumbered buyers: 77 funds closed out of PENN and 58 opened new positions — a net loss of 19 holders — while 117 trimmed existing stakes and 107 added.

The largest buyer was BlackRock, adding an estimated $89.4M. The largest seller was Shapiro Capital Management, cutting an estimated $57.7M.

  • 381 institutional investors held PENN Entertainment (PENN) as of Q2 2024, down from 405 in Q1 2024.
  • Funds reported $3.02B of PENN Entertainment stock for Q2 2024, up 12% quarter-over-quarter.
  • 58 funds opened new PENN Entertainment positions in Q2 2024 and 77 closed out, a net change of -19 holders.
  • The largest PENN Entertainment buyer in Q2 2024 was BlackRock, an estimated $89.4M added.
  • The largest PENN Entertainment seller in Q2 2024 was Shapiro Capital Management, an estimated $57.7M sold.

Based on aggregated 13F filings for Q2 2024.