PENN Entertainment
PENN
359 hedge funds and large institutions have $1.92B invested in PENN Entertainment in 2025 Q4 according to their latest regulatory filings, with 70 funds opening new positions, 88 increasing their positions, 127 reducing their positions, and 57 closing their positions.
56% more call options, than puts
Call options by funds: $55.2M | Put options by funds: $35.4M
23% more first-time investments, than exits
New positions opened: 70 | Existing positions closed: 57
3.57% more ownership
Funds ownership: 94.26% → 97.83% (+3.6%)
3% more funds holding
Funds holding: 349 → 359 (+10)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
27% less capital invested
Capital invested by funds: $2.65B → $1.92B (-$725M)
31% less repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 127
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$48.7M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$16.2M |
| 3 |
KHCM
Kettle Hill Capital Management
New York
|
+$15.6M |
| 4 |
AC
Armistice Capital
New York
|
+$15.5M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$11.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Shapiro Capital Management
Atlanta,
Georgia
|
-$46.5M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$28.1M |
| 3 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$20.8M |
| 4 |
JP Morgan Chase
New York
|
-$16.7M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$16.4M |
PENN Hedge Fund Activity: Q4 2025 in Review
359 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in PENN Entertainment (PENN) for Q4 2025, worth a combined $1.92B — down 27% from $2.65B a quarter earlier.
Buyers outnumbered sellers: 70 funds opened new PENN positions and 57 closed out — a net gain of 13 holders — while 88 added to existing stakes and 127 trimmed.
The largest buyer was AQR Capital Management, adding an estimated $48.7M. The largest seller was Shapiro Capital Management, cutting an estimated $46.5M.
- 359 institutional investors held PENN Entertainment (PENN) as of Q4 2025, up from 349 in Q3 2025.
- Funds reported $1.92B of PENN Entertainment stock for Q4 2025, down 27% quarter-over-quarter.
- 70 funds opened new PENN Entertainment positions in Q4 2025 and 57 closed out, a net change of +13 holders.
- The largest PENN Entertainment buyer in Q4 2025 was AQR Capital Management, an estimated $48.7M added.
- The largest PENN Entertainment seller in Q4 2025 was Shapiro Capital Management, an estimated $46.5M sold.
Based on aggregated 13F filings for Q4 2025.