Planet Fitness
PLNT
319 hedge funds and large institutions have $4.4B invested in Planet Fitness in 2023 Q3 according to their latest regulatory filings, with 65 funds opening new positions, 105 increasing their positions, 116 reducing their positions, and 63 closing their positions.
56% more call options, than puts
Call options by funds: $76.9M | Put options by funds: $49.3M
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
3% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 63
1% less funds holding
Funds holding: 321 → 319 (-2)
9% less repeat investments, than reductions
Existing positions increased: 105 | Existing positions reduced: 116
2.85% less ownership
Funds ownership: 108.51% → 105.66% (-2.8%)
29% less capital invested
Capital invested by funds: $6.22B → $4.4B (-$1.82B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Cadian Capital Management
New York
|
+$152M |
| 2 |
Amundi
Paris,
France
|
+$101M |
| 3 |
Goldman Sachs
New York
|
+$83.6M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
+$79.9M |
| 5 |
PC
Pelham Capital
London,
United Kingdom
|
+$44.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair Investment Management
Chicago,
Illinois
|
-$170M |
| 2 |
BCM
Bares Capital Management
Austin,
Texas
|
-$135M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$121M |
| 4 |
DCM
Dorsal Capital Management
Redwood City,
California
|
-$84.3M |
| 5 |
AM
Atreides Management
Boston,
Massachusetts
|
-$82.3M |
PLNT Hedge Fund Activity: Q3 2023 in Review
319 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Planet Fitness (PLNT) for Q3 2023, worth a combined $4.4B — down 29% from $6.22B a quarter earlier.
Buyers outnumbered sellers: 65 funds opened new PLNT positions and 63 closed out — a net gain of 2 holders — while 105 added to existing stakes and 116 trimmed.
The largest buyer was Cadian Capital Management, adding an estimated $152M. The largest seller was William Blair Investment Management, exiting entirely with an estimated $170M sold.
- 319 institutional investors held Planet Fitness (PLNT) as of Q3 2023, down from 321 in Q2 2023.
- Funds reported $4.4B of Planet Fitness stock for Q3 2023, down 29% quarter-over-quarter.
- 65 funds opened new Planet Fitness positions in Q3 2023 and 63 closed out, a net change of +2 holders.
- The largest Planet Fitness buyer in Q3 2023 was Cadian Capital Management, an estimated $152M added.
- The largest Planet Fitness seller in Q3 2023 was William Blair Investment Management, an estimated $170M sold.
Based on aggregated 13F filings for Q3 2023.