Pinnacle Entertainment Inc.
PNK
PNK was delisted on the 12th of October, 2018.
162 hedge funds and large institutions have $1.76B invested in Pinnacle Entertainment Inc. in 2018 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 49 increasing their positions, 66 reducing their positions, and 22 closing their positions.
647% more call options, than puts
Call options by funds: $3.12M | Put options by funds: $418K
14% more capital invested
Capital invested by funds: $1.55B → $1.76B (+$213M)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
6% less funds holding
Funds holding: 172 → 162 (-10)
26% less repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 66
36% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GLAM
Gardner Lewis Asset Management
Chadds Ford,
Pennsylvania
|
+$38M |
| 2 |
N
Natixis
Paris,
France
|
+$26.7M |
| 3 |
Renaissance Technologies
New York
|
+$16M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$14.7M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$14.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$20.3M |
| 2 |
Jennison Associates
New York
|
-$15.5M |
| 3 |
SC
Shellback Capital
Boston,
Massachusetts
|
-$15.3M |
| 4 |
C
Chescapmanager
Baltimore,
Maryland
|
-$13.1M |
| 5 |
ACPU
Arrowgrass Capital Partners (US)
Dover,
Delaware
|
-$11.2M |
PNK Hedge Fund Activity: Q2 2018 in Review
162 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Pinnacle Entertainment Inc. (PNK) for Q2 2018, worth a combined $1.76B — up 14% from $1.55B a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of PNK and 14 opened new positions — a net loss of 8 holders — while 66 trimmed existing stakes and 49 added.
The largest buyer was Gardner Lewis Asset Management, adding an estimated $38M. The largest seller was Westchester Capital Management (New York), exiting entirely with an estimated $20.3M sold.
- 162 institutional investors held Pinnacle Entertainment Inc. (PNK) as of Q2 2018, down from 172 in Q1 2018.
- Funds reported $1.76B of Pinnacle Entertainment Inc. stock for Q2 2018, up 14% quarter-over-quarter.
- 14 funds opened new Pinnacle Entertainment Inc. positions in Q2 2018 and 22 closed out, a net change of -8 holders.
- The largest Pinnacle Entertainment Inc. buyer in Q2 2018 was Gardner Lewis Asset Management, an estimated $38M added.
- The largest Pinnacle Entertainment Inc. seller in Q2 2018 was Westchester Capital Management (New York), an estimated $20.3M sold.
Based on aggregated 13F filings for Q2 2018.