Planet Fitness
PLNT
321 hedge funds and large institutions have $6.22B invested in Planet Fitness in 2023 Q2 according to their latest regulatory filings, with 47 funds opening new positions, 132 increasing their positions, 103 reducing their positions, and 67 closing their positions.
36% more call options, than puts
Call options by funds: $43.2M | Put options by funds: $31.7M
28% more repeat investments, than reductions
Existing positions increased: 132 | Existing positions reduced: 103
6.55% more ownership
Funds ownership: 101.96% → 108.51% (+6.6%)
6% less funds holding
Funds holding: 342 → 321 (-21)
7% less capital invested
Capital invested by funds: $6.72B → $6.22B (-$503M)
30% less first-time investments, than exits
New positions opened: 47 | Existing positions closed: 67
33% less funds holding in top 10
Funds holding in top 10: 9 → 6 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$296M |
| 2 |
AM
Atreides Management
Boston,
Massachusetts
|
+$87.5M |
| 3 |
CIP
Champlain Investment Partners
Burlington,
Vermont
|
+$84.1M |
| 4 |
State Street
Boston,
Massachusetts
|
+$72.3M |
| 5 |
CCM
Cadian Capital Management
New York
|
+$58.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$79.3M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$65.1M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$55.7M |
| 4 |
Holocene Advisors
New York
|
-$55.6M |
| 5 |
AIM
Artemis Investment Management
Edinburgh,
United Kingdom
|
-$51.6M |
PLNT Hedge Fund Activity: Q2 2023 in Review
321 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Planet Fitness (PLNT) for Q2 2023, worth a combined $6.22B — down 7.5% from $6.72B a quarter earlier.
Sellers outnumbered buyers: 67 funds closed out of PLNT and 47 opened new positions — a net loss of 20 holders — while 103 trimmed existing stakes and 132 added.
The largest buyer was BlackRock, adding an estimated $296M. The largest seller was Arrowstreet Capital, exiting entirely with an estimated $79.3M sold.
- 321 institutional investors held Planet Fitness (PLNT) as of Q2 2023, down from 342 in Q1 2023.
- Funds reported $6.22B of Planet Fitness stock for Q2 2023, down 7.5% quarter-over-quarter.
- 47 funds opened new Planet Fitness positions in Q2 2023 and 67 closed out, a net change of -20 holders.
- The largest Planet Fitness buyer in Q2 2023 was BlackRock, an estimated $296M added.
- The largest Planet Fitness seller in Q2 2023 was Arrowstreet Capital, an estimated $79.3M sold.
Based on aggregated 13F filings for Q2 2023.