Planet Fitness
PLNT
272 hedge funds and large institutions have $4.81B invested in Planet Fitness in 2018 Q3 according to their latest regulatory filings, with 57 funds opening new positions, 84 increasing their positions, 98 reducing their positions, and 20 closing their positions.
185% more first-time investments, than exits
New positions opened: 57 | Existing positions closed: 20
20% more capital invested
Capital invested by funds: $4.03B → $4.81B (+$789M)
14% more funds holding
Funds holding: 238 → 272 (+34)
14% more call options, than puts
Call options by funds: $27.1M | Put options by funds: $23.8M
3.47% less ownership
Funds ownership: 104.51% → 101.04% (-3.5%)
14% less repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 98
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$99.2M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$82.4M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$50.8M |
| 4 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$38.5M |
| 5 |
MCM
Melvin Capital Management
New York
|
+$36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ninety One (UK)
London,
United Kingdom
|
-$93.9M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$50.3M |
| 3 |
DCM
Daruma Capital Management
New York
|
-$47.8M |
| 4 |
VOYA Investment Management
Atlanta,
Georgia
|
-$44.8M |
| 5 |
Capital World Investors
Los Angeles,
California
|
-$32.3M |
PLNT Hedge Fund Activity: Q3 2018 in Review
272 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Planet Fitness (PLNT) for Q3 2018, worth a combined $4.81B — up 20% from $4.03B a quarter earlier.
Buyers outnumbered sellers: 57 funds opened new PLNT positions and 20 closed out — a net gain of 37 holders — while 84 added to existing stakes and 98 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $99.2M. The largest seller was Ninety One (UK), exiting entirely with an estimated $93.9M sold.
- 272 institutional investors held Planet Fitness (PLNT) as of Q3 2018, up from 238 in Q2 2018.
- Funds reported $4.81B of Planet Fitness stock for Q3 2018, up 20% quarter-over-quarter.
- 57 funds opened new Planet Fitness positions in Q3 2018 and 20 closed out, a net change of +37 holders.
- The largest Planet Fitness buyer in Q3 2018 was Fidelity Investments, an estimated $99.2M added.
- The largest Planet Fitness seller in Q3 2018 was Ninety One (UK), an estimated $93.9M sold.
Based on aggregated 13F filings for Q3 2018.