Planet Fitness
PLNT
303 hedge funds and large institutions have $4.76B invested in Planet Fitness in 2019 Q3 according to their latest regulatory filings, with 40 funds opening new positions, 101 increasing their positions, 123 reducing their positions, and 77 closing their positions.
36% more call options, than puts
Call options by funds: $89.5M | Put options by funds: $65.7M
25% more funds holding in top 10
Funds holding in top 10: 8 → 10 (+2)
0.46% less ownership
Funds ownership: 98.28% → 97.81% (-0.46%)
11% less funds holding
Funds holding: 340 → 303 (-37)
18% less repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 123
21% less capital invested
Capital invested by funds: $6.01B → $4.76B (-$1.26B)
48% less first-time investments, than exits
New positions opened: 40 | Existing positions closed: 77
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
+$139M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$69.3M |
| 3 |
Squarepoint
New York
|
+$52.7M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$52.6M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$42.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$85.3M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$53.7M |
| 3 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$53.2M |
| 4 |
Northern Trust
Chicago,
Illinois
|
-$44.9M |
| 5 |
JCM
Junto Capital Management
New York
|
-$39.2M |
PLNT Hedge Fund Activity: Q3 2019 in Review
303 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Planet Fitness (PLNT) for Q3 2019, worth a combined $4.76B — down 21% from $6.01B a quarter earlier.
Sellers outnumbered buyers: 77 funds closed out of PLNT and 40 opened new positions — a net loss of 37 holders — while 123 trimmed existing stakes and 101 added.
The largest buyer was Ameriprise, adding an estimated $139M. The largest seller was Lord, Abbett & Co, cutting an estimated $85.3M.
- 303 institutional investors held Planet Fitness (PLNT) as of Q3 2019, down from 340 in Q2 2019.
- Funds reported $4.76B of Planet Fitness stock for Q3 2019, down 21% quarter-over-quarter.
- 40 funds opened new Planet Fitness positions in Q3 2019 and 77 closed out, a net change of -37 holders.
- The largest Planet Fitness buyer in Q3 2019 was Ameriprise, an estimated $139M added.
- The largest Planet Fitness seller in Q3 2019 was Lord, Abbett & Co, an estimated $85.3M sold.
Based on aggregated 13F filings for Q3 2019.