Planet Fitness
PLNT
302 hedge funds and large institutions have $4.12B invested in Planet Fitness in 2020 Q1 according to their latest regulatory filings, with 64 funds opening new positions, 105 increasing their positions, 103 reducing their positions, and 76 closing their positions.
37% more call options, than puts
Call options by funds: $121M | Put options by funds: $88.6M
9.2% more ownership
Funds ownership: 99.75% → 108.96% (+9.2%)
2% more repeat investments, than reductions
Existing positions increased: 105 | Existing positions reduced: 103
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
5% less funds holding
Funds holding: 318 → 302 (-16)
16% less first-time investments, than exits
New positions opened: 64 | Existing positions closed: 76
32% less capital invested
Capital invested by funds: $6.09B → $4.12B (-$1.97B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIM
SRS Investment Management
New York
|
+$199M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$126M |
| 3 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$124M |
| 4 |
SCM
Steadfast Capital Management
New York
|
+$92.4M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Southpoint Capital Advisors
New York
|
-$112M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$106M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$75.3M |
| 4 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
-$62.2M |
| 5 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$54M |
PLNT Hedge Fund Activity: Q1 2020 in Review
302 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Planet Fitness (PLNT) for Q1 2020, worth a combined $4.12B — down 32% from $6.09B a quarter earlier.
Sellers outnumbered buyers: 76 funds closed out of PLNT and 64 opened new positions — a net loss of 12 holders — while 103 trimmed existing stakes and 105 added.
The largest buyer was SRS Investment Management, adding an estimated $199M. The largest seller was Southpoint Capital Advisors, exiting entirely with an estimated $112M sold.
- 302 institutional investors held Planet Fitness (PLNT) as of Q1 2020, down from 318 in Q4 2019.
- Funds reported $4.12B of Planet Fitness stock for Q1 2020, down 32% quarter-over-quarter.
- 64 funds opened new Planet Fitness positions in Q1 2020 and 76 closed out, a net change of -12 holders.
- The largest Planet Fitness buyer in Q1 2020 was SRS Investment Management, an estimated $199M added.
- The largest Planet Fitness seller in Q1 2020 was Southpoint Capital Advisors, an estimated $112M sold.
Based on aggregated 13F filings for Q1 2020.