Planet Fitness
PLNT
331 hedge funds and large institutions have $5.96B invested in Planet Fitness in 2024 Q1 according to their latest regulatory filings, with 48 funds opening new positions, 107 increasing their positions, 132 reducing their positions, and 59 closing their positions.
68% more call options, than puts
Call options by funds: $194M | Put options by funds: $115M
0.36% more ownership
Funds ownership: 111.34% → 111.7% (+0.36%)
3% less funds holding
Funds holding: 342 → 331 (-11)
14% less capital invested
Capital invested by funds: $6.95B → $5.96B (-$986M)
19% less first-time investments, than exits
New positions opened: 48 | Existing positions closed: 59
19% less repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 132
22% less funds holding in top 10
Funds holding in top 10: 9 → 7 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Cadian Capital Management
New York
|
+$82.5M |
| 2 |
CCPM
Cooper Creek Partners Management
New York
|
+$71.2M |
| 3 |
TCCM
Two Creeks Capital Management
New York
|
+$67.6M |
| 4 |
Man Group
London,
United Kingdom
|
+$57.9M |
| 5 |
GC
Greenvale Capital
London,
United Kingdom
|
+$53.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$149M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$95.5M |
| 3 |
SIM
SRS Investment Management
New York
|
-$56.5M |
| 4 |
JCM
Junto Capital Management
New York
|
-$55.3M |
| 5 |
BlackRock
New York
|
-$41.5M |
PLNT Hedge Fund Activity: Q1 2024 in Review
331 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Planet Fitness (PLNT) for Q1 2024, worth a combined $5.96B — down 14% from $6.95B a quarter earlier.
Sellers outnumbered buyers: 59 funds closed out of PLNT and 48 opened new positions — a net loss of 11 holders — while 132 trimmed existing stakes and 107 added.
The largest buyer was Cadian Capital Management, adding an estimated $82.5M. The largest seller was Eagle Asset Management, exiting entirely with an estimated $149M sold.
- 331 institutional investors held Planet Fitness (PLNT) as of Q1 2024, down from 342 in Q4 2023.
- Funds reported $5.96B of Planet Fitness stock for Q1 2024, down 14% quarter-over-quarter.
- 48 funds opened new Planet Fitness positions in Q1 2024 and 59 closed out, a net change of -11 holders.
- The largest Planet Fitness buyer in Q1 2024 was Cadian Capital Management, an estimated $82.5M added.
- The largest Planet Fitness seller in Q1 2024 was Eagle Asset Management, an estimated $149M sold.
Based on aggregated 13F filings for Q1 2024.