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Planet Fitness
PLNT

320 hedge funds and large institutions have $4.41B invested in Planet Fitness in 2023 Q3 according to their latest regulatory filings, with 65 funds opening new positions, 106 increasing their positions, 116 reducing their positions, and 63 closing their positions.

New
Increased
Maintained
Reduced
Closed

56% more call options, than puts

Call options by funds: $76.9M | Put options by funds: $49.3M

17% more funds holding in top 10

Funds holding in top 10: 6 → 7 (+1)

3% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 63

1% less funds holding

Funds holding: 322 → 320 (-2)

9% less repeat investments, than reductions

Existing positions increased: 106 | Existing positions reduced: 116

2.8% less ownership

Funds ownership: 108.52% → 105.72% (-2.8%)

29% less capital invested

Capital invested by funds: $6.22B → $4.41B (-$1.81B)

Holders
320
Holders Change
-2
Holders Change %
-0.62%
% of All Funds
5.08%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.11%
New
65
Increased
106
Reduced
116
Closed
63
Calls
$76.9M
Puts
$49.3M
Net Calls
+$27.6M
Net Calls Change
+$16.1M

Top Buyers

1
CCM
Cadian Capital Management
New York
+$152M
2
Amundi
Amundi
France
+$101M
3
Goldman Sachs
Goldman Sachs
New York
+$83.6M
4
Point72 Asset Management
Point72 Asset Management
Connecticut
+$79.9M
5
PC
Pelham Capital
United Kingdom
+$44.5M

Top Sellers

1
William Blair Investment Management
William Blair Investment Management
Illinois
-$170M
2
BCM
Bares Capital Management
Texas
-$135M
3
AllianceBernstein
AllianceBernstein
Tennessee
-$121M
4
DCM
Dorsal Capital Management
California
-$84.3M
5
AM
Atreides Management
Massachusetts
-$82.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Northern Trust
26
Northern Trust
Illinois
$30.3M -$678K -11,215 -2%
Bank of America
27
Bank of America
North Carolina
$30.3M -$2.93M -48,433 -7%
HRCM
28
Hawk Ridge Capital Management
California
$29.5M +$36.3M +599,359 New
Pictet Asset Management
29
Pictet Asset Management
Switzerland
$28.2M +$34.7M +574,213 New
FCM
30
Frontier Capital Management
Massachusetts
$25.7M -$14.2M -234,715 -31%
Adage Capital Partners
31
Adage Capital Partners
Massachusetts
$25.1M +$30.9M +511,050 New
SCM
32
Steadfast Capital Management
New York
$24.7M +$30.4M +503,000 New
PCM
33
Peregrine Capital Management
Minnesota
$24.6M +$8.59K +142 +0%
SFA
34
Sequoia Financial Advisors
Ohio
$24.4M +$30.1M +497,008 New
FAM
35
Fred Alger Management
New York
$24.2M -$52M -860,284 -64%
WMSA
36
Weiss Multi-Strategy Advisers
New York
$21.9M +$19M +314,270 +239%
GC
37
Greenvale Capital
United Kingdom
$21.9M +$26.9M +445,000 New
Morgan Stanley
38
Morgan Stanley
New York
$21.7M -$19M -313,313 -42%
Handelsbanken Fonder
39
Handelsbanken Fonder
Sweden
$21.3M -$1.21M -20,000 -4%
Capital International Investors
40
Capital International Investors
California
$21.1M +$26M +430,000 New
NIG
41
NFJ Investment Group
Texas
$21M +$25.8M +426,198 New
N
42
Nuveen
North Carolina
$20.2M -$415K -6,863 -2%
Millennium Management
43
Millennium Management
New York
$19.7M -$494K -8,158 -2%
TIM
44
Triodos Investment Management
Netherlands
$19.7M +$24.2M +400,000 New
Balyasny Asset Management
45
Balyasny Asset Management
Illinois
$19.6M +$24.1M +399,139 New
SCP
46
Soroban Capital Partners
New York
$18.6M +$22.9M +378,335 New
Citadel Advisors
47
Citadel Advisors
Florida
$18.2M +$22.4M +369,662 New
Principal Financial Group
48
Principal Financial Group
Iowa
$15.9M -$417K -6,886 -2%
Deutsche Bank
49
Deutsche Bank
Germany
$15.4M -$306K -5,054 -2%
William Blair & Company
50
William Blair & Company
Illinois
$14.4M -$2.57M -42,522 -13%
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PLNT Hedge Fund Activity: Q3 2023 in Review

320 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Planet Fitness (PLNT) for Q3 2023, worth a combined $4.41B — down 29% from $6.22B a quarter earlier.

Buyers outnumbered sellers: 65 funds opened new PLNT positions and 63 closed out — a net gain of 2 holders — while 106 added to existing stakes and 116 trimmed.

The largest buyer was Cadian Capital Management, adding an estimated $152M. The largest seller was William Blair Investment Management, exiting entirely with an estimated $170M sold.

  • 320 institutional investors held Planet Fitness (PLNT) as of Q3 2023, down from 322 in Q2 2023.
  • Funds reported $4.41B of Planet Fitness stock for Q3 2023, down 29% quarter-over-quarter.
  • 65 funds opened new Planet Fitness positions in Q3 2023 and 63 closed out, a net change of +2 holders.
  • The largest Planet Fitness buyer in Q3 2023 was Cadian Capital Management, an estimated $152M added.
  • The largest Planet Fitness seller in Q3 2023 was William Blair Investment Management, an estimated $170M sold.

Based on aggregated 13F filings for Q3 2023.