PENN ENTERTAINMENT INC PENN
COM · Common Stock · CUSIP 707569109 · ISIN US7075691094
American entertainment company and operator of integrated entertainment, sports content, and casino gaming based in Pennsylvania.
- SectorConsumer discretionary
- IndustryHotels & Motels
- HeadquartersWyomissing, PA
- Founded1972
- Websitepngaming.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($5.0m this quarter). Holder counts are more reliable. Shares outstanding: 152.9m as of 2025-02-24, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $19.82. Options: 35 managers hold calls ($310.2m notional), 28 hold puts ($217.8m).
Trends to Q4 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 447 |
| Q4 2022 | 465 |
| Q1 2023 | 434 |
| Q2 2023 | 395 |
| Q3 2023 | 392 |
| Q4 2023 | 427 |
| Q1 2024 | 404 |
| Q2 2024 | 382 |
| Q3 2024 | 394 |
| Q4 2024 | 381 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 161 | 231 |
| Q2 2023 | 139 | 224 |
| Q3 2023 | 178 | 175 |
| Q4 2023 | 174 | 183 |
| Q1 2024 | 166 | 215 |
| Q2 2024 | 161 | 193 |
| Q3 2024 | 161 | 176 |
| Q4 2024 | 135 | 195 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $255.9m | $132.6m | 0.52 |
| Q2 2024 | $332.9m | $121.1m | 0.36 |
| Q3 2024 | $294.6m | $187.8m | 0.64 |
| Q4 2024 | $310.2m | $217.8m | 0.70 |
Biggest buyers
| CITADEL ADVISORS LLC | Added | +2.1m |
| SG Americas Securities, LLC | New | +1.4m |
| J. Goldman & Co LP | New | +1.4m |
| Holocene Advisors, LP | Added | +1.3m |
| MANE GLOBAL CAPITAL MANAGEMENT LP | New | +1.2m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.1m |
| ARMISTICE CAPITAL, LLC | Added | +904.0k |
| UBS Group AG | Added | +850.8k |
| Invesco Ltd. | Added | +848.1k |
| Kodai Capital Management LP | New | +694.9k |
Biggest sellers
| FMR LLC | Reduced | -6.3m |
| JPMORGAN CHASE & CO | Reduced | -2.0m |
| Assenagon Asset Management S.A. | Reduced | -1.2m |
| EARNEST PARTNERS LLC | Reduced | -1.2m |
| Cubist Systematic Strategies, LLC | Sold out | -1.2m |
| HSBC HOLDINGS PLC | Reduced | -1.1m |
| BANK OF AMERICA CORP /DE/ | Reduced | -967.9k |
| BARCLAYS PLC | Reduced | -655.8k |
| SEI INVESTMENTS CO | Reduced | -593.9k |
| Jump Financial, LLC | Reduced | -344.5k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $48.3m2.4m shares |
| Squarepoint Ops LLC | Added | $30.7m1.5m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $30.6m1.5m shares |
| NOMURA HOLDINGS INC | Reduced | $29.6m1.5m shares |
| Parallax Volatility Advisers, L.P. | Added | $22.8m1.2m shares |
| SIMPLEX TRADING, LLC | Reduced | $18.0m910.6k shares |
| Jefferies Financial Group Inc. | Added | $17.3m871.0k shares |
| JANE STREET GROUP, LLC | Added | $14.6m737.4k shares |
| J. Goldman & Co LP | Reduced | $14.2m718.9k shares |
| GOLDMAN SACHS GROUP INC | New | $13.5m679.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $27.0m1.4m shares |
| Squarepoint Ops LLC | Added | $24.3m1.2m shares |
| Parallax Volatility Advisers, L.P. | Added | $22.5m1.1m shares |
| Jefferies Financial Group Inc. | Added | $22.1m1.1m shares |
| NOMURA HOLDINGS INC | Added | $21.0m1.1m shares |
| CITADEL ADVISORS LLC | Reduced | $18.9m955.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $13.3m670.9k shares |
| IMC-Chicago, LLC | Reduced | $11.1m558.7k shares |
| WELLS FARGO & COMPANY/MN | Added | $7.9m400.0k shares |
| BARCLAYS PLC | Reduced | $5.5m277.9k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2026-07-29 | 14.1% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution +1.4 pts · filed 2026-07-31 | 7.8% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.2% |
| AQR CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-08-12 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q4 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2023 | 0 | — | 1 | $1.3m | — |
| Q2 2023 | 0 | — | 1 | $810.4k | — |
| Q3 2023 | 2 | $703.2k | 0 | — | — |
| Q4 2023 | 1 | $100.5k | 1 | $4.4m | $4.4m |
| Q1 2024 | 0 | — | 1 | $126.6k | $126.6k |
| Q2 2024 | 2 | $1.5m | 0 | — | — |
| Q3 2024 | 3 | $1.5m | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
None reported in Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 18.3m $361.9m | Added +599.6k |
| VANGUARD GROUP INC 0.01% of their portfolio | 16.4m $324.2m | Reduced -16.8k |
| HG Vora Capital Management, LLC 21.67% of their portfolio | 14.5m $287.4m | Unchanged |
| SHAPIRO CAPITAL MANAGEMENT LLC 4.63% of their portfolio | 6.9m $136.2m | Reduced -84.0k |
| NOMURA HOLDINGS INC 0.66% of their portfolio | 6.3m $125.0m | Added +339.7k |
| DME Capital Management, LP 5.86% of their portfolio | 5.7m $113.9m | Added +127.7k |
| STATE STREET CORP 0.00% of their portfolio | 5.1m $101.2m | Added +176.4k |
| FMR LLC 0.00% of their portfolio | 4.2m $83.0m | Reduced -6.3m |
| Invesco Ltd. 0.01% of their portfolio | 3.9m $76.9m | Added +848.1k |
| ARMISTICE CAPITAL, LLC 1.52% of their portfolio | 3.3m $65.4m | Added +904.0k |
| EARNEST PARTNERS LLC 0.26% of their portfolio | 3.0m $59.1m | Reduced -1.2m |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.9m $56.5m | Reduced -967.9k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.6m $51.7m | Reduced -267.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.5m $49.6m | Added +152.8k |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 2.1m $41.9m | Added +2.1m |
| MORGAN STANLEY 0.00% of their portfolio | 1.9m $37.8m | Reduced -8.1k |
| SEI INVESTMENTS CO 0.05% of their portfolio | 1.8m $36.4m | Reduced -593.9k |
| KETTLE HILL CAPITAL MANAGEMENT, LLC 7.76% of their portfolio | 1.8m $35.7m | Added +542.6k |
| Contrarius Group Holdings Ltd 2.14% of their portfolio | 1.8m $35.0m | First filing |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 1.7m $34.5m | Added +1.1m |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 1.6m $30.9m | Reduced -5.4k |
| Long Focus Capital Management, LLC 2.34% of their portfolio | 1.5m $30.6m | Added +45.0k |
| NewEdge Wealth, LLC 0.51% of their portfolio | 1.5m $29.6m | Reduced -44.6k |
| UBS Group AG 0.01% of their portfolio | 1.4m $28.4m | Added +850.8k |
| NORGES BANK 0.00% of their portfolio | 1.4m $27.9m | Added +367.1k |
| SG Americas Securities, LLC 0.12% of their portfolio | 1.4m $27.8m | New |
| Man Group plc 0.08% of their portfolio | 1.4m $27.7m | Added +279.7k |
| J. Goldman & Co LP 0.96% of their portfolio | 1.4m $27.1m | New |
| Holocene Advisors, LP 0.09% of their portfolio | 1.4m $27.0m | Added +1.3m |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.02% of their portfolio | 1.3m $26.6m | Reduced -84.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 1.3m $26.5m | Added +55.1k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.3m $24.9m | Reduced -18.2k |
| MANE GLOBAL CAPITAL MANAGEMENT LP 1.08% of their portfolio | 1.2m $23.5m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.0m $20.7m | Added +169.5k |
| Invenomic Capital Management LP 1.10% of their portfolio | 989.8k $19.6m | Reduced -157.7k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 945.0k $18.7m | Reduced -86.6k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 898.3k $17.8m | First filing |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 843.4k $16.7m | Added +77.9k |
| Benchstone Capital Management LP 1.72% of their portfolio | 838.2k $16.6m | First filing |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 770.0k $15.3m | Added +1.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 725.1k $14.4m | Added +20.7k |
| Kodai Capital Management LP 0.56% of their portfolio | 694.9k $13.8m | New |
| BARCLAYS PLC 0.01% of their portfolio | 625.7k $12.4m | Reduced -655.8k |
| HARBOR CAPITAL ADVISORS, INC. 0.52% of their portfolio | 597.9k $11.9m | Added +46.2k |
| FEDERATED HERMES, INC. 0.02% of their portfolio | 569.1k $11.3m | New |
| Verition Fund Management LLC 0.06% of their portfolio | 562.5k $11.1m | Added +109.6k |
| Penn Capital Management Company, LLC 1.05% of their portfolio | 541.8k $10.7m | Added +22.3k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.32% of their portfolio | 539.7k $10.7m | Reduced -95.3k |
| HARBERT FUND ADVISORS, LLC 8.93% of their portfolio | 518.3k $10.3m | Reduced -90.0k |
| Jefferies Financial Group Inc. 0.11% of their portfolio | 508.8k $10.1m | Added +506.5k |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 500.8k $9.9m | Added +499.8k |
| ING GROEP NV 0.07% of their portfolio | 500.0k $9.9m | New |
| MUFG Securities EMEA plc 0.19% of their portfolio | 500.0k $9.9m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 451.8k $9.0m | Added +22.1k |
| SOROS FUND MANAGEMENT LLC 0.14% of their portfolio | 413.4k $8.2m | New |
| Legal & General Group Plc 0.00% of their portfolio | 395.8k $7.8m | Reduced -2.5k |
| CITIGROUP INC 0.01% of their portfolio | 380.6k $7.5m | Added +248.7k |
| Pathstone Holdings, LLC 0.03% of their portfolio | 379.9k $7.5m | Reduced -14.3k |
| Public Sector Pension Investment Board 0.03% of their portfolio | 372.8k $7.4m | Added +55.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 365.9k $7.3m | Reduced -32.7k |
| Orvieto Partners, L.P. 5.68% of their portfolio | 340.0k $6.7m | First filing |
| SIMPLEX TRADING, LLC 0.18% of their portfolio | 317.3k $6.3m | Added +126.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 314.8k $6.2m | Reduced -46.0k |
| Point72 Asset Management, L.P. 0.02% of their portfolio | 313.5k $6.2m | Added +163.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 303.0k $6.0m | Reduced -169.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 301.8k $6.0m | Reduced -2.0m |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.50% of their portfolio | 301.2k $6.0m | Reduced -13.7k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 294.2k $5.8m | Reduced -3.6k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.17% of their portfolio | 292.9k $5.8m | Reduced -10.7k |
| Driehaus Capital Management LLC 0.05% of their portfolio | 292.6k $5.8m | Added +58.3k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio | 289.9k $5.7m | Reduced -17.4k |
| Swiss National Bank 0.00% of their portfolio | 269.3k $5.3m | Added +1.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 264.6k $5.2m | Added +65.6k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 259.5k $5.1m | Reduced -17.5k |
| Walleye Capital LLC 0.05% of their portfolio | 257.3k $5.1m | Added +199.8k |
| NATIXIS ADVISORS, LLC 0.01% of their portfolio | 241.8k $4.8m | Reduced -61.9k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.01% of their portfolio | 232.3k $4.6m | New |
| Clearline Capital LP 0.59% of their portfolio | 225.0k $4.5m | Reduced -64.6k |
| 13D Management LLC 3.21% of their portfolio | 218.7k $4.3m | Reduced -192 |
| Hedges Asset Management LLC 2.68% of their portfolio | 204.7k $4.1m | Added +4.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 186.9k $3.7m | Unchanged |
| California Public Employees Retirement System 0.00% of their portfolio | 181.3k $3.6m | Reduced -22.5k |
| Connor, Clark & Lunn Investment Management Ltd. 0.02% of their portfolio | 179.4k $3.6m | Reduced -202.1k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 176.4k $3.5m | Reduced -19.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 175.3k $3.5m | Reduced -1.7k |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 174.7k $3.5m | Reduced -1.2m |
| Fieldview Capital Management, LLC 0.53% of their portfolio | 172.7k $3.4m | First filing |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 168.6k $3.3m | Reduced -40.9k |
| Hudson Bay Capital Management LP 0.02% of their portfolio | 167.3k $3.3m | New |
| IMC-Chicago, LLC 0.09% of their portfolio | 164.3k $3.3m | Reduced -11.2k |
| READYSTATE ASSET MANAGEMENT LP 0.13% of their portfolio | 161.5k $3.2m | Added +10.9k |
| WOLVERINE TRADING, LLC 0.07% of their portfolio | 160.4k $3.0m | Reduced -16.8k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 156.7k $3.1m | Reduced -6.9k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 150.3k $3.1m | Reduced -1.6k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 145.0k $2.9m | Unchanged |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 141.8k $2.8m | Added +14.5k |
| CastleKnight Management LP 0.30% of their portfolio | 137.0k $2.7m | Unchanged |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 129.1k $2.6m | Reduced -3.8k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 115.7k $2.3m | Reduced -1.8k |
| South Dakota Investment Council 0.04% of their portfolio | 107.3k $2.1m | Unchanged |