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 ($18.4m this quarter). Holder counts are more reliable. Shares outstanding: 134.1m as of 2026-07-29, 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 ≈ $21.36. Options: 14 managers hold calls ($87.5m notional), 14 hold puts ($40.0m).
Trends to Q2 2026
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 |
| Q1 2025 | 391 |
| Q2 2025 | 363 |
| Q3 2025 | 349 |
| Q4 2025 | 360 |
| Q1 2026 | 371 |
| Q2 2026 | 380 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 161 | 176 |
| Q4 2024 | 135 | 195 |
| Q1 2025 | 179 | 159 |
| Q2 2025 | 158 | 197 |
| Q3 2025 | 133 | 178 |
| Q4 2025 | 145 | 185 |
| Q1 2026 | 165 | 174 |
| Q2 2026 | 192 | 164 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $135.2m | $80.8m | 0.60 |
| Q4 2025 | $55.5m | $35.0m | 0.63 |
| Q1 2026 | $67.9m | $34.5m | 0.51 |
| Q2 2026 | $87.5m | $40.0m | 0.46 |
Biggest buyers
| AQR CAPITAL MANAGEMENT LLC | Added | +3.9m |
| BlackRock, Inc. | Added | +3.5m |
| EARNEST PARTNERS LLC | Added | +2.7m |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Added | +1.9m |
| SEI INVESTMENTS CO | Added | +1.7m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +1.1m |
| Freestone Grove Partners LP | New | +1.0m |
| STATE STREET CORP | Added | +923.4k |
| JANE STREET GROUP, LLC | Added | +837.7k |
| Nuveen, LLC | Added | +757.2k |
Biggest sellers
| Balyasny Asset Management L.P. | Sold out | -2.4m |
| FULLER & THALER ASSET MANAGEMENT, INC. | Sold out | -2.2m |
| Long Focus Capital Management, LLC | Sold out | -2.1m |
| SHAPIRO CAPITAL MANAGEMENT LLC | Reduced | -1.9m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.5m |
| Palidye Holdings (Caymans) Ltd | Sold out | -1.4m |
| CITADEL ADVISORS LLC | Reduced | -1.2m |
| ARMISTICE CAPITAL, LLC | Reduced | -906.0k |
| Invenomic Capital Management LP | Reduced | -806.3k |
| Melqart Asset Management (UK) Ltd | Sold out | -773.6k |
Biggest calls
| Walleye Trading LLC | Added | $17.6m822.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $17.5m819.2k shares |
| IMC-Chicago, LLC | Reduced | $11.8m550.1k shares |
| JANE STREET GROUP, LLC | Added | $11.3m530.5k shares |
| SIMPLEX TRADING, LLC | Added | $6.8m317.2k shares |
| PEAK6 LLC | New | $6.3m293.5k shares |
| GROUP ONE TRADING LLC | Reduced | $5.2m241.8k shares |
| CITADEL ADVISORS LLC | Reduced | $4.3m199.9k shares |
| Squarepoint Ops LLC | Added | $3.6m170.8k shares |
| Caption Management, LLC | New | $1.3m62.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $7.4m345.6k shares |
| IMC-Chicago, LLC | Added | $6.8m320.4k shares |
| GROUP ONE TRADING LLC | Reduced | $6.1m287.4k shares |
| Walleye Trading LLC | Reduced | $4.3m200.9k shares |
| CITADEL ADVISORS LLC | Reduced | $3.7m172.3k shares |
| Squarepoint Ops LLC | Added | $2.3m110.0k shares |
| D. E. Shaw & Co., Inc. | Reduced | $2.3m108.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.7m79.4k shares |
| JANE STREET GROUP, LLC | Reduced | $1.3m62.4k shares |
| PEAK6 LLC | New | $1.3m60.0k 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 since 1 Apr 2026
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 |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 3 | $707.9k | 0 | — | — |
| Q3 2025 | 1 | $339.4k | 0 | — | — |
| Q4 2025 | 3 | $882.8k | 1 | $115.9k | — |
| Q1 2026 | 1 | $120.7k | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 19.2m $410.6m | Added +3.5m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 10.2m $218.5m | Added +1.9m |
| AQR CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 6.9m $147.2m | Added +3.9m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 6.0m $127.9m | Reduced -41.3k |
| DME Capital Management, LP 3.20% of their portfolio | 5.9m $125.2m | Reduced -184.2k |
| Hill Path Capital LP 6.42% of their portfolio | 5.8m $123.0m | Unchanged |
| EARNEST PARTNERS LLC 0.43% of their portfolio | 5.6m $118.6m | Added +2.7m |
| HG Vora Capital Management, LLC 58.59% of their portfolio | 5.4m $115.3m | Reduced -276.4k |
| STATE STREET CORP 0.00% of their portfolio | 5.3m $113.0m | Added +923.4k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 5.1m $108.9m | Added +747.9k |
| Invesco Ltd. 0.01% of their portfolio | 4.8m $103.6m | Reduced -278.2k |
| SEI INVESTMENTS CO 0.07% of their portfolio | 3.6m $77.5m | Added +1.7m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 3.4m $73.0m | Added +1.1m |
| BAMCO INC /NY/ 0.09% of their portfolio | 2.7m $58.6m | Added +652.3k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 2.4m $51.9m | Reduced -1.5m |
| HENNESSY ADVISORS INC 1.23% of their portfolio | 1.8m $38.6m | Unchanged |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.8m $37.9m | Added +302.8k |
| MORGAN STANLEY 0.00% of their portfolio | 1.7m $37.0m | Reduced -605.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 1.7m $35.7m | Reduced -651.9k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 1.5m $31.1m | Added +837.7k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.4m $30.2m | Added +537.3k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 1.4m $29.3m | Reduced -1.2m |
| Penn Capital Management Company, LLC 1.61% of their portfolio | 1.2m $25.4m | Added +69.7k |
| Woodline Partners LP 0.07% of their portfolio | 1.1m $23.4m | Added +533.0k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 1.1m $22.7m | Reduced -4.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 1.0m $22.0m | Added +261.8k |
| Freestone Grove Partners LP 0.14% of their portfolio | 1.0m $21.5m | New |
| Connor, Clark & Lunn Investment Management Ltd. 0.04% of their portfolio | 1.0m $21.5m | Added +208.5k |
| Nuveen, LLC 0.00% of their portfolio | 961.5k $20.5m | Added +757.2k |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 946.1k $20.2m | Added +532.4k |
| JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio | 928.7k $20.3m | Added +567.2k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.33% of their portfolio | 892.1k $19.1m | Added +97.0k |
| SHAPIRO CAPITAL MANAGEMENT LLC 1.15% of their portfolio | 885.1k $18.9m | Reduced -1.9m |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 847.3k $18.1m | Added +50.6k |
| UBS Group AG 0.00% of their portfolio | 826.4k $17.7m | Reduced -407.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 782.5k $16.7m | Added +95.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 765.3k $16.3m | Added +50.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 753.8k $16.8m | Added +696.3k |
| Quantinno Capital Management LP 0.02% of their portfolio | 753.4k $16.1m | Added +122.4k |
| Invenomic Capital Management LP 0.94% of their portfolio | 738.5k $15.8m | Reduced -806.3k |
| KETTLE HILL CAPITAL MANAGEMENT, LLC 3.60% of their portfolio | 684.0k $14.6m | Reduced -449.7k |
| ARMISTICE CAPITAL, LLC 0.40% of their portfolio | 672.0k $14.4m | Reduced -906.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 614.0k $13.1m | Reduced -3.2k |
| Empowered Funds, LLC 0.07% of their portfolio | 586.7k $12.5m | Added +97.0k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 534.9k $11.4m | Reduced -623.2k |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 516.7k $11.0m | Reduced -176.5k |
| Susquehanna Portfolio Strategies, LLC 0.16% of their portfolio | 466.3k $10.0m | Added +147.5k |
| CastleKnight Management LP 0.35% of their portfolio | 447.6k $9.6m | Reduced -36.2k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 445.3k $9.5m | Added +52.4k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 440.5k $9.4m | Added +181.7k |
| Public Sector Pension Investment Board 0.02% of their portfolio | 436.4k $9.3m | Reduced -19.2k |
| Squarepoint Ops LLC 0.02% of their portfolio | 435.7k $9.3m | Added +24.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 406.4k $8.7m | New |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 403.8k $8.6m | Reduced -12.4k |
| Orvieto Partners, L.P. 6.50% of their portfolio | 403.4k $8.6m | Reduced -240.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 383.2k $8.2m | Added +81.2k |
| Gotham Asset Management, LLC 0.02% of their portfolio | 370.1k $7.9m | Added +170.5k |
| Assenagon Asset Management S.A. 0.00% of their portfolio | 360.6k $7.7m | Added +238.5k |
| CASTLEARK MANAGEMENT LLC 0.20% of their portfolio | 351.9k $7.5m | New |
| ALGERT GLOBAL LLC 0.09% of their portfolio | 341.1k $7.3m | Added +61.7k |
| Lighthouse Investment Partners, LLC 0.21% of their portfolio | 310.5k $6.6m | Added +275.7k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 309.8k $6.6m | Added +57.9k |
| Legal & General Group Plc 0.00% of their portfolio | 299.9k $6.4m | Added +2.8k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 282.4k $6.0m | Added +167.5k |
| CITIGROUP INC 0.00% of their portfolio | 278.9k $6.0m | Added +65.8k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.19% of their portfolio | 276.7k $5.9m | Reduced -24.2k |
| Edgestream Partners, L.P. 0.17% of their portfolio | 268.6k $5.7m | New |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 246.3k $5.3m | Reduced -30.1k |
| Swiss National Bank 0.00% of their portfolio | 241.0k $5.1m | Reduced -32.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 233.9k $5.0m | Reduced -71.3k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 227.1k $4.9m | Added +75.8k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 223.6k $4.8m | Added +23.2k |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.35% of their portfolio | 221.1k $4.7m | Reduced -83.2k |
| Seven Six Capital Management, LLC 4.21% of their portfolio | 215.8k $4.6m | Reduced -42.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 213.4k $4.6m | Reduced -123.7k |
| Hedges Asset Management LLC 2.65% of their portfolio | 188.9k $4.0m | First filing |
| Clearline Capital LP 0.26% of their portfolio | 187.6k $4.0m | Unchanged |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 186.4k $4.0m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 184.0k $3.9m | Added +45.4k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 183.1k $3.9m | Added +123.5k |
| Bridgewater Associates, LP 0.02% of their portfolio | 177.9k $3.8m | Added +27.5k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 166.9k $3.6m | Reduced -14.6k |
| Mariner, LLC 0.00% of their portfolio | 166.3k $3.6m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 163.4k $2.5m | Added +109.4k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 153.8k $3.3m | Added +34.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 150.4k $3.2m | Added +2.8k |
| IEQ CAPITAL, LLC 0.01% of their portfolio | 149.4k $3.2m | Added +136.0k |
| J. Goldman & Co LP 0.11% of their portfolio | 146.9k $3.1m | Reduced -11.0k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 143.3k $3.1m | Added +58.2k |
| Aquatic Capital Management LLC 0.10% of their portfolio | 136.6k $2.9m | Added +133.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 136.5k $2.9m | Reduced -29.6k |
| Shellback Capital, LP 0.23% of their portfolio | 125.0k $2.7m | Reduced -25.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 113.4k $2.4m | Reduced -761.3k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 110.9k $2.4m | Added +4.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 109.7k $2.3m | Reduced -528.9k |
| Cetera Investment Advisers 0.00% of their portfolio | 108.0k $2.3m | Added +11.8k |
| NORGES BANK 0.00% of their portfolio | 105.9k $2.3m | Not comparable |
| EXCHANGE TRADED CONCEPTS, LLC 0.01% of their portfolio | 105.4k $2.3m | Added +33.9k |
| Creative Planning 0.00% of their portfolio | 104.5k $2.2m | Added +66.9k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 104.3k $2.2m | Unchanged |