PENN Entertainment
PENN
349 hedge funds and large institutions have $2.65B invested in PENN Entertainment in 2025 Q3 according to their latest regulatory filings, with 43 funds opening new positions, 94 increasing their positions, 128 reducing their positions, and 51 closing their positions.
67% more call options, than puts
Call options by funds: $135M | Put options by funds: $80.7M
2% more capital invested
Capital invested by funds: $2.6B → $2.65B (+$47.2M)
2.13% less ownership
Funds ownership: 96.39% → 94.26% (-2.1%)
3% less funds holding
Funds holding: 360 → 349 (-11)
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
16% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 51
27% less repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 128
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HPC
Hill Path Capital
New York
|
+$42.3M |
| 2 |
HAI
Hennessy Advisors Inc
Novato,
California
|
+$39.5M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$31.5M |
| 4 |
Amundi
Paris,
France
|
+$14.2M |
| 5 |
AC
Armistice Capital
New York
|
+$12.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCIM
TOMS Capital Investment Management
New York
|
-$67.3M |
| 2 |
CGH
Contrarius Group Holdings
Hamilton,
Bermuda
|
-$27.6M |
| 3 |
Millennium Management
New York
|
-$21.1M |
| 4 |
National Bank of Canada
Montreal,
Quebec, Canada
|
-$21.1M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$14.4M |
PENN Hedge Fund Activity: Q3 2025 in Review
349 of the 7,638 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q3 2025, worth a combined $2.65B — up 1.8% from $2.6B a quarter earlier.
Sellers outnumbered buyers: 51 funds closed out of PENN and 43 opened new positions — a net loss of 8 holders — while 128 trimmed existing stakes and 94 added.
The largest buyer was Hill Path Capital, adding an estimated $42.3M. The largest seller was TOMS Capital Investment Management, exiting entirely with an estimated $67.3M sold.
- 349 institutional investors held PENN Entertainment (PENN) as of Q3 2025, down from 360 in Q2 2025.
- Funds reported $2.65B of PENN Entertainment stock for Q3 2025, up 1.8% quarter-over-quarter.
- 43 funds opened new PENN Entertainment positions in Q3 2025 and 51 closed out, a net change of -8 holders.
- The largest PENN Entertainment buyer in Q3 2025 was Hill Path Capital, an estimated $42.3M added.
- The largest PENN Entertainment seller in Q3 2025 was TOMS Capital Investment Management, an estimated $67.3M sold.
Based on aggregated 13F filings for Q3 2025.