Planet Fitness
PLNT
342 hedge funds and large institutions have $6.95B invested in Planet Fitness in 2023 Q4 according to their latest regulatory filings, with 75 funds opening new positions, 97 increasing their positions, 137 reducing their positions, and 50 closing their positions.
70% more call options, than puts
Call options by funds: $164M | Put options by funds: $96.7M
58% more capital invested
Capital invested by funds: $4.41B → $6.95B (+$2.54B)
50% more first-time investments, than exits
New positions opened: 75 | Existing positions closed: 50
29% more funds holding in top 10
Funds holding in top 10: 7 → 9 (+2)
7% more funds holding
Funds holding: 320 → 342 (+22)
5.62% more ownership
Funds ownership: 105.72% → 111.34% (+5.6%)
29% less repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 137
Top Buyers
| 1 |
DCM
Dorsal Capital Management
Redwood City,
California
|
+$154M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$92.1M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$80.4M |
| 4 |
GC
Greenvale Capital
London,
United Kingdom
|
+$79.7M |
| 5 |
SC
Samlyn Capital
New York
|
+$77.5M |
Top Sellers
| 1 |
Goldman Sachs
New York
|
-$58.3M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$49.9M |
| 3 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
-$32.2M |
| 4 |
Millennium Management
New York
|
-$24.6M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$24.4M |
PLNT Hedge Fund Activity: Q4 2023 in Review
342 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Planet Fitness (PLNT) for Q4 2023, worth a combined $6.95B — up 58% from $4.41B a quarter earlier.
Buyers outnumbered sellers: 75 funds opened new PLNT positions and 50 closed out — a net gain of 25 holders — while 97 added to existing stakes and 137 trimmed.
The largest buyer was Dorsal Capital Management, opening a new position worth an estimated $154M. The largest seller was Goldman Sachs, cutting an estimated $58.3M.
- 342 institutional investors held Planet Fitness (PLNT) as of Q4 2023, up from 320 in Q3 2023.
- Funds reported $6.95B of Planet Fitness stock for Q4 2023, up 58% quarter-over-quarter.
- 75 funds opened new Planet Fitness positions in Q4 2023 and 50 closed out, a net change of +25 holders.
- The largest Planet Fitness buyer in Q4 2023 was Dorsal Capital Management, an estimated $154M added.
- The largest Planet Fitness seller in Q4 2023 was Goldman Sachs, an estimated $58.3M sold.
Based on aggregated 13F filings for Q4 2023.