Planet Fitness
PLNT
342 hedge funds and large institutions have $6.72B invested in Planet Fitness in 2023 Q1 according to their latest regulatory filings, with 59 funds opening new positions, 127 increasing their positions, 110 reducing their positions, and 37 closing their positions.
59% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 37
15% more repeat investments, than reductions
Existing positions increased: 127 | Existing positions reduced: 110
6% more funds holding
Funds holding: 324 → 342 (+18)
2% less capital invested
Capital invested by funds: $6.84B → $6.72B (-$118M)
2.86% less ownership
Funds ownership: 104.81% → 101.96% (-2.9%)
40% less funds holding in top 10
Funds holding in top 10: 15 → 9 (-6)
45% less call options, than puts
Call options by funds: $31.7M | Put options by funds: $58.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Dorsal Capital Management
Redwood City,
California
|
+$67.9M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$40.9M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$38M |
| 4 |
SSA
Schonfeld Strategic Advisors
New York
|
+$35.6M |
| 5 |
FAM
Fred Alger Management
New York
|
+$27.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCP
TSG Consumer Partners
Larkspur,
California
|
-$160M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$138M |
| 3 |
BlackRock
New York
|
-$42.3M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$28.1M |
| 5 |
Millennium Management
New York
|
-$19.2M |
PLNT Hedge Fund Activity: Q1 2023 in Review
342 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Planet Fitness (PLNT) for Q1 2023, worth a combined $6.72B — down 1.7% from $6.84B a quarter earlier.
Buyers outnumbered sellers: 59 funds opened new PLNT positions and 37 closed out — a net gain of 22 holders — while 127 added to existing stakes and 110 trimmed.
The largest buyer was Dorsal Capital Management, opening a new position worth an estimated $67.9M. The largest seller was TSG Consumer Partners, exiting entirely with an estimated $160M sold.
- 342 institutional investors held Planet Fitness (PLNT) as of Q1 2023, up from 324 in Q4 2022.
- Funds reported $6.72B of Planet Fitness stock for Q1 2023, down 1.7% quarter-over-quarter.
- 59 funds opened new Planet Fitness positions in Q1 2023 and 37 closed out, a net change of +22 holders.
- The largest Planet Fitness buyer in Q1 2023 was Dorsal Capital Management, an estimated $67.9M added.
- The largest Planet Fitness seller in Q1 2023 was TSG Consumer Partners, an estimated $160M sold.
Based on aggregated 13F filings for Q1 2023.