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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
EGM
101
Engineers Gate Manager
New York
$4.06M +$4.65M +76,854 +1,325%
Canada Life
102
Canada Life
Manitoba, Canada
$3.86M +$279K +4,616 +6%
Manulife (Manufacturers Life Insurance)
103
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$3.59M +$553K +9,149 +14%
TPSF
104
Texas Permanent School Fund
Texas
$3.53M -$186K -3,079 -4%
TP
105
Teca Partners
Texas
$3.52M -$2.76M -45,555 -39%
RJFSA
106
Raymond James Financial Services Advisors
Florida
$3.51M +$294K +4,863 +7%
GPGA
107
Grandeur Peak Global Advisors
Utah
$3.42M +$1.54M +25,428 +58%
PP
108
Patten & Patten
Tennessee
$3.32M -$201K -3,322 -5%
T. Rowe Price Associates
109
T. Rowe Price Associates
Maryland
$3.32M -$58.9M -972,889 -94%
Renaissance Technologies
110
Renaissance Technologies
New York
$3.24M +$1.32M +21,800 +49%
2C
111
272 Capital
Texas
$3.13M +$2.55M +42,100 +195%
AG
112
Algert Global
California
$3.05M +$3.75M +62,050 New
Ensign Peak Advisors
113
Ensign Peak Advisors
Utah
$3.05M +$911K +15,059 +32%
GBWM
114
Granite Bay Wealth Management
New Hampshire
$2.95M +$2.9M +48,000 New
AB
115
Amalgamated Bank
New York
$2.82M -$43.9K -725 -1%
PI
116
PEAK6 Investments
Illinois
$2.71M +$3.04M +50,293 +1,030%
HBWM
117
Hollow Brook Wealth Management
New York
$2.71M – – –
TIM
118
Timelo Investment Management
Ontario, Canada
$2.7M +$3.33M +55,000 New
MOACM
119
Mutual of America Capital Management
New York
$2.7M -$407K -6,720 -11%
AQR Capital Management
120
AQR Capital Management
Connecticut
$2.58M +$3.27M +54,131 New
ACM
121
Aquatic Capital Management
Illinois
$2.58M +$1.75M +28,900 +122%
MIM
122
MetLife Investment Management
New Jersey
$2.47M -$148K -2,445 -5%
GGHC
123
Gilder Gagnon Howe & Co
New York
$2.42M -$67.2K -1,111 -2%
State of New Jersey Common Pension Fund D
124
State of New Jersey Common Pension Fund D
New Jersey
$2.4M – – –
HSBC Holdings
125
HSBC Holdings
United Kingdom
$2.39M -$3.34M -55,171 -53%
3 4
5
6 7

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.