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Planet Fitness
PLNT

320 hedge funds and large institutions have $4.41B invested in Planet Fitness in 2023 Q3 according to their latest regulatory filings, with 65 funds opening new positions, 106 increasing their positions, 116 reducing their positions, and 63 closing their positions.

New
Increased
Maintained
Reduced
Closed

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: 322 → 320 (-2)

9% less repeat investments, than reductions

Existing positions increased: 106 | Existing positions reduced: 116

2.8% less ownership

Funds ownership: 108.52% → 105.72% (-2.8%)

29% less capital invested

Capital invested by funds: $6.22B → $4.41B (-$1.81B)

Holders
320
Holders Change
-2
Holders Change %
-0.62%
% of All Funds
5.08%
Holding in Top 10
7
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+16.67%
% of All Funds
0.11%
New
65
Increased
106
Reduced
116
Closed
63
Calls
$76.9M
Puts
$49.3M
Net Calls
+$27.6M
Net Calls Change
+$16.1M

Top Buyers

1
CCM
Cadian Capital Management
New York
+$152M
2
Amundi
Amundi
France
+$101M
3
Goldman Sachs
Goldman Sachs
New York
+$83.6M
4
Point72 Asset Management
Point72 Asset Management
Connecticut
+$79.9M
5
PC
Pelham Capital
United Kingdom
+$44.5M

Top Sellers

1
William Blair Investment Management
William Blair Investment Management
Illinois
-$170M
2
BCM
Bares Capital Management
Texas
-$135M
3
AllianceBernstein
AllianceBernstein
Tennessee
-$121M
4
DCM
Dorsal Capital Management
California
-$84.3M
5
AM
Atreides Management
Massachusetts
-$82.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$607M +$16.8M +278,321 +2%
Vanguard Group
2
Vanguard Group
Pennsylvania
$388M -$6.27M -103,584 -1%
SIM
3
SRS Investment Management
New York
$342M – – –
Amundi
4
Amundi
France
$251M +$101M +1,673,092 +51%
CCM
5
Cadian Capital Management
New York
$199M +$152M +2,516,007 +165%
CIP
6
Champlain Investment Partners
Vermont
$181M +$34.4M +569,026 +18%
Bank of New York Mellon
7
Bank of New York Mellon
New York
$131M +$734K +12,139 +0.5%
JP Morgan Chase
8
JP Morgan Chase
New York
$125M -$5.91M -97,738 -4%
State Street
9
State Street
Massachusetts
$113M -$91.4K -1,511 -0.1%
Goldman Sachs
10
Goldman Sachs
New York
$111M +$83.6M +1,381,763 +157%
EAM
11
Eagle Asset Management
Florida
$101M -$12.4M -205,051 -9%
Franklin Resources
12
Franklin Resources
California
$92.8M +$7.25M +119,847 +7%
Point72 Asset Management
13
Point72 Asset Management
Connecticut
$64.9M +$79.9M +1,320,441 New
Geode Capital Management
14
Geode Capital Management
Massachusetts
$62.6M +$1.59M +26,350 +2%
BAMCO Inc
15
BAMCO Inc
New York
$59M +$12.1M +200,000 +20%
Federated Hermes
16
Federated Hermes
Pennsylvania
$58.8M -$17M -281,638 -19%
BBCM
17
Broad Bay Capital Management
New York
$52.1M +$19.5M +323,000 +44%
Fidelity Investments
18
Fidelity Investments
Massachusetts
$51.9M -$4.68M -77,323 -7%
Axa
19
Axa
France
$46.5M +$5.52M +91,189 +11%
American Century Companies
20
American Century Companies
Missouri
$43.2M +$21.3M +351,401 +67%
Charles Schwab
21
Charles Schwab
California
$41.9M +$1.79M +29,512 +4%
Dimensional Fund Advisors
22
Dimensional Fund Advisors
Texas
$37.6M +$5.51M +91,004 +14%
PC
23
Pelham Capital
United Kingdom
$36.2M +$44.5M +735,500 New
Norges Bank
24
Norges Bank
Norway
$36.1M +$12.9M +213,207 +41%
Ameriprise
25
Ameriprise
Minnesota
$32.8M +$11.1M +183,512 +38%
1
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PLNT Hedge Fund Activity: Q3 2023 in Review

320 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Planet Fitness (PLNT) for Q3 2023, worth a combined $4.41B — 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 106 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.

  • 320 institutional investors held Planet Fitness (PLNT) as of Q3 2023, down from 322 in Q2 2023.
  • Funds reported $4.41B 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.