Pinnacle Entertainment Inc.
PNK
PNK was delisted on the 12th of October, 2018.
172 hedge funds and large institutions have $1.55B invested in Pinnacle Entertainment Inc. in 2018 Q1 according to their latest regulatory filings, with 38 funds opening new positions, 46 increasing their positions, 64 reducing their positions, and 27 closing their positions.
168% more call options, than puts
Call options by funds: $2.6M | Put options by funds: $970K
41% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 27
6% more funds holding
Funds holding: 163 → 172 (+9)
5% less capital invested
Capital invested by funds: $1.63B → $1.55B (-$76.8M)
28% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 64
40% less funds holding in top 10
Funds holding in top 10: 5 → 3 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Alpine Associates Management
Palm Beach,
Florida
|
+$47.3M |
| 2 |
GLAM
Gardner Lewis Asset Management
Chadds Ford,
Pennsylvania
|
+$41M |
| 3 |
WIC
Water Island Capital
New York
|
+$20.5M |
| 4 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
+$20.3M |
| 5 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$19.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
-$36.4M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$31M |
| 3 |
MWNA
Marshall Wace North America
New York
|
-$19.4M |
| 4 |
Jennison Associates
New York
|
-$17M |
| 5 |
BAMCO Inc
New York
|
-$16.6M |
PNK Hedge Fund Activity: Q1 2018 in Review
172 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Pinnacle Entertainment Inc. (PNK) for Q1 2018, worth a combined $1.55B — down 4.7% from $1.63B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new PNK positions and 27 closed out — a net gain of 11 holders — while 46 added to existing stakes and 64 trimmed.
The largest buyer was Alpine Associates Management, opening a new position worth an estimated $47.3M. The largest seller was Thrivent Financial for Lutherans, exiting entirely with an estimated $36.4M sold.
- 172 institutional investors held Pinnacle Entertainment Inc. (PNK) as of Q1 2018, up from 163 in Q4 2017.
- Funds reported $1.55B of Pinnacle Entertainment Inc. stock for Q1 2018, down 4.7% quarter-over-quarter.
- 38 funds opened new Pinnacle Entertainment Inc. positions in Q1 2018 and 27 closed out, a net change of +11 holders.
- The largest Pinnacle Entertainment Inc. buyer in Q1 2018 was Alpine Associates Management, an estimated $47.3M added.
- The largest Pinnacle Entertainment Inc. seller in Q1 2018 was Thrivent Financial for Lutherans, an estimated $36.4M sold.
Based on aggregated 13F filings for Q1 2018.