Pinnacle Entertainment Inc.
PNK
PNK was delisted on the 12th of October, 2018.
161 hedge funds and large institutions have $611M invested in Pinnacle Entertainment Inc. in 2016 Q2 according to their latest regulatory filings, with 36 funds opening new positions, 43 increasing their positions, 60 reducing their positions, and 56 closing their positions.
12% less funds holding
Funds holding: 183 → 161 (-22)
15% less call options, than puts
Call options by funds: $4.34M | Put options by funds: $5.08M
28% less repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 60
36% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 56
68% less capital invested
Capital invested by funds: $1.92B → $611M (-$1.31B)
75% less funds holding in top 10
Funds holding in top 10: 8 → 2 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$66.8M |
| 2 |
SV
Starboard Value
New York
|
+$38.6M |
| 3 |
CIP
Chartwell Investment Partners
Berywn,
Pennsylvania
|
+$37.3M |
| 4 |
BCM
Bluefin Capital Management
New York
|
+$27.4M |
| 5 |
LCM
Lomas Capital Management
New York
|
+$21.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCM
Kingdon Capital Management
New York
|
-$57.6M |
| 2 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$39.8M |
| 3 |
Morgan Stanley
New York
|
-$30.1M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$29.7M |
| 5 |
AAM
Alpine Associates Management
Palm Beach,
Florida
|
-$22M |
PNK Hedge Fund Activity: Q2 2016 in Review
161 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Pinnacle Entertainment Inc. (PNK) for Q2 2016, worth a combined $611M — down 68% from $1.92B a quarter earlier.
Sellers outnumbered buyers: 56 funds closed out of PNK and 36 opened new positions — a net loss of 20 holders — while 60 trimmed existing stakes and 43 added.
The largest buyer was Driehaus Capital Management, adding an estimated $66.8M. The largest seller was Kingdon Capital Management, exiting entirely with an estimated $57.6M sold.
- 161 institutional investors held Pinnacle Entertainment Inc. (PNK) as of Q2 2016, down from 183 in Q1 2016.
- Funds reported $611M of Pinnacle Entertainment Inc. stock for Q2 2016, down 68% quarter-over-quarter.
- 36 funds opened new Pinnacle Entertainment Inc. positions in Q2 2016 and 56 closed out, a net change of -20 holders.
- The largest Pinnacle Entertainment Inc. buyer in Q2 2016 was Driehaus Capital Management, an estimated $66.8M added.
- The largest Pinnacle Entertainment Inc. seller in Q2 2016 was Kingdon Capital Management, an estimated $57.6M sold.
Based on aggregated 13F filings for Q2 2016.