Planet Fitness
PLNT
139 hedge funds and large institutions have $1.66B invested in Planet Fitness in 2016 Q3 according to their latest regulatory filings, with 38 funds opening new positions, 64 increasing their positions, 30 reducing their positions, and 14 closing their positions.
1,235% more call options, than puts
Call options by funds: $3.7M | Put options by funds: $277K
171% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 14
113% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 30
20% more funds holding
Funds holding: 116 → 139 (+23)
7% more capital invested
Capital invested by funds: $1.56B → $1.66B (+$109M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
21.39% less ownership
Funds ownership: 189.33% → 167.94% (-21%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$42.9M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$20.8M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$19M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$16.8M |
| 5 |
Bank of New York Mellon
New York
|
+$16.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TM
TSG6 Management
San Francisco,
California
|
-$165M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$11.2M |
| 3 |
IAM
Impax Asset Management
Portsmouth,
New Hampshire
|
-$4.53M |
| 4 |
Millennium Management
New York
|
-$3.71M |
| 5 |
CLM
ClearBridge LLC (Maryland)
Baltimore,
Maryland
|
-$2.83M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Teacher Retirement System of Texas
Austin,
Texas
| – | -$44K | -2,304 | Closed |
|
|
CCA
152
Catalyst Capital Advisors
Huntington,
New York
| – | -$4K | -229 | Closed |
|
153
JP Morgan Chase
New York
| – | -$4K | -214 | Closed |
|
|
HR
154
Howe & Rusling
Rochester,
New York
| – | -$3K | -161 | Closed |
|
PLNT Hedge Fund Activity: Q3 2016 in Review
139 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Planet Fitness (PLNT) for Q3 2016, worth a combined $1.66B — up 7% from $1.56B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new PLNT positions and 14 closed out — a net gain of 24 holders — while 64 added to existing stakes and 30 trimmed.
The largest buyer was AllianceBernstein, adding an estimated $42.9M. The largest seller was TSG6 Management, cutting an estimated $165M.
- 139 institutional investors held Planet Fitness (PLNT) as of Q3 2016, up from 116 in Q2 2016.
- Funds reported $1.66B of Planet Fitness stock for Q3 2016, up 7% quarter-over-quarter.
- 38 funds opened new Planet Fitness positions in Q3 2016 and 14 closed out, a net change of +24 holders.
- The largest Planet Fitness buyer in Q3 2016 was AllianceBernstein, an estimated $42.9M added.
- The largest Planet Fitness seller in Q3 2016 was TSG6 Management, an estimated $165M sold.
Based on aggregated 13F filings for Q3 2016.