Pinnacle Entertainment Inc.
PNK
PNK was delisted on the 12th of October, 2018.
157 hedge funds and large institutions have $1.7B invested in Pinnacle Entertainment Inc. in 2018 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 46 increasing their positions, 60 reducing their positions, and 23 closing their positions.
1,203% more call options, than puts
Call options by funds: $1.19M | Put options by funds: $91K
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
4% less capital invested
Capital invested by funds: $1.76B → $1.7B (-$61.7M)
3% less funds holding
Funds holding: 162 → 157 (-5)
17% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 23
23% less repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 60
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$23.6M |
| 2 |
WIC
Water Island Capital
New York
|
+$20.9M |
| 3 |
GLAM
Gardner Lewis Asset Management
Chadds Ford,
Pennsylvania
|
+$20.3M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$14.4M |
| 5 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$11.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HAI
Hennessy Advisors Inc
Novato,
California
|
-$38.8M |
| 2 |
Jennison Associates
New York
|
-$36.3M |
| 3 |
JP Morgan Chase
New York
|
-$25.1M |
| 4 |
SIM
Spark Investment Management
New York
|
-$13.2M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$9.54M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PHK
176
Point72 Hong Kong
Hong Kong
| – | -$11K | -313 | Closed |
|
|
SC
177
Skylands Capital
Milwaukee,
Wisconsin
| – | -$7K | -200 | Closed |
|
|
GCL
178
Glazer Capital LLC
New York
| – | -$3K | -100 | Closed |
|
179
Group One Trading
Chicago,
Illinois
| – | -$2.94K | -87 | Closed |
|
PNK Hedge Fund Activity: Q3 2018 in Review
157 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Pinnacle Entertainment Inc. (PNK) for Q3 2018, worth a combined $1.7B — down 3.5% from $1.76B a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of PNK and 19 opened new positions — a net loss of 4 holders — while 60 trimmed existing stakes and 46 added.
The largest buyer was First Trust Capital Management, adding an estimated $23.6M. The largest seller was Hennessy Advisors Inc, exiting entirely with an estimated $38.8M sold.
- 157 institutional investors held Pinnacle Entertainment Inc. (PNK) as of Q3 2018, down from 162 in Q2 2018.
- Funds reported $1.7B of Pinnacle Entertainment Inc. stock for Q3 2018, down 3.5% quarter-over-quarter.
- 19 funds opened new Pinnacle Entertainment Inc. positions in Q3 2018 and 23 closed out, a net change of -4 holders.
- The largest Pinnacle Entertainment Inc. buyer in Q3 2018 was First Trust Capital Management, an estimated $23.6M added.
- The largest Pinnacle Entertainment Inc. seller in Q3 2018 was Hennessy Advisors Inc, an estimated $38.8M sold.
Based on aggregated 13F filings for Q3 2018.