Planet Fitness
PLNT
86 hedge funds and large institutions have $1.35B invested in Planet Fitness in 2016 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 35 increasing their positions, 23 reducing their positions, and 13 closing their positions.
62% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 13
52% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 23
9% more funds holding
Funds holding: 79 → 86 (+7)
6% more capital invested
Capital invested by funds: $1.28B → $1.35B (+$72.8M)
4.05% more ownership
Funds ownership: 223.58% → 227.63% (+4%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
78% less call options, than puts
Call options by funds: $832K | Put options by funds: $3.83M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
+$9.6M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$7.89M |
| 3 |
ECP
Elk Creek Partners
Denver,
Colorado
|
+$6.59M |
| 4 |
VOYA Investment Management
Atlanta,
Georgia
|
+$5.65M |
| 5 |
SAM
Sentinel Asset Management
Montpelier,
Vermont
|
+$4.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$10.3M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$3.99M |
| 3 |
Millennium Management
New York
|
-$3.14M |
| 4 |
ICM
Ionic Capital Management
New York
|
-$2.04M |
| 5 |
PC
Pier Capital
Stamford,
Connecticut
|
-$1.91M |
PLNT Hedge Fund Activity: Q1 2016 in Review
86 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Planet Fitness (PLNT) for Q1 2016, worth a combined $1.35B — up 5.7% from $1.28B a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new PLNT positions and 13 closed out — a net gain of 8 holders — while 35 added to existing stakes and 23 trimmed.
The largest buyer was Capital World Investors, adding an estimated $9.6M. The largest seller was Fidelity Investments, exiting entirely with an estimated $10.3M sold.
- 86 institutional investors held Planet Fitness (PLNT) as of Q1 2016, up from 79 in Q4 2015.
- Funds reported $1.35B of Planet Fitness stock for Q1 2016, up 5.7% quarter-over-quarter.
- 21 funds opened new Planet Fitness positions in Q1 2016 and 13 closed out, a net change of +8 holders.
- The largest Planet Fitness buyer in Q1 2016 was Capital World Investors, an estimated $9.6M added.
- The largest Planet Fitness seller in Q1 2016 was Fidelity Investments, an estimated $10.3M sold.
Based on aggregated 13F filings for Q1 2016.