PENN Entertainment
PENN
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.
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: 6 → 8 (+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: 405 → 381 (-24)
25% less first-time investments, than exits
New positions opened: 58 | Existing positions closed: 77
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$89.4M |
| 2 |
JP Morgan Chase
New York
|
+$44.5M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$29M |
| 4 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$24.2M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$22.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Shapiro Capital Management
Atlanta,
Georgia
|
-$57.7M |
| 2 |
Morgan Stanley
New York
|
-$23.1M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$22.4M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$21.6M |
| 5 |
Millennium Management
New York
|
-$19.9M |
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.