Vault-13

PENN ENTERTAINMENT INC PENN 2.75 05.15.26

NOTE 2.750% 5/1 · US DOMESTIC · CUSIP 707569AU3

30 institutional holders -2 vs Q1 2023
8,552,8988.6m shares reported held*
$320.5mreported value*
3 new 7 added 12 reduced 5 sold out net sold ≈ $46.3m (-2.4k shares)

* 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. Holder counts are more reliable. Implied quarter-end price ≈ $37.47.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

02040Q3 22: 33Q4 22: 35Q1 23: 32Q2 23: 3030Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202233
Q4 202235
Q1 202332
Q2 202330

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
20020Q4 22: 12 bought or addedQ4 22: 14 cut or sold outQ4 22Q1 23: 15 bought or addedQ1 23: 11 cut or sold outQ1 23Q2 23: 10 bought or addedQ2 23: 17 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221214
Q1 20231511
Q2 20231017

Biggest buyers

TWO SIGMA INVESTMENTS, LP New +6,500,000+6.5m
Crystalline Management Inc. Added +4,033,000+4.0m
Sculptor Capital LP Added +4,000,000+4.0m
LAZARD ASSET MANAGEMENT LLC Added +2,500,000+2.5m
Invesco Ltd. New +194,000+194.0k
BlackRock Inc. Added +150,000+150.0k
JANE STREET GROUP, LLC Added +150,000+150.0k
BARCLAYS PLC Added +39,000+39.0k
SG Americas Securities, LLC Added +10,000+10.0k
NATIXIS New +520+520

Biggest sellers

Linden Advisors LP Reduced -25,000,000-25.0m
FMR LLC Reduced -8,466,000-8.5m
Alberta Investment Management Corp Sold out -4,500,000-4.5m
BANK OF AMERICA CORP /DE/ Reduced -4,499,000-4.5m
BANK OF NOVA SCOTIA Sold out -4,033,000-4.0m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -2,502,000-2.5m
WELLINGTON MANAGEMENT GROUP LLP Sold out -1,261,000-1.3m
JPMORGAN CHASE & CO Reduced -1,212,000-1.2m
WELLS FARGO & COMPANY/MN Reduced -1,169,000-1.2m
Hudson Bay Capital Management LP Reduced -1,102,000-1.1m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.86% of their portfolio New York, NY 65,696,00065.7m $81.5m $81.5m 0.86% Reduced -25.0m -25,000,000
2 LAZARD ASSET MANAGEMENT LLC 0.10% of their portfolio NEW YORK, NY 64,361,00064.4m $80.1m $80.1m 0.10% Added +2.5m +2,500,000
3 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 30,002,00030.0m $37.2m $37.2m 0.00% Reduced -4.5m -4,499,000
4 Sculptor Capital LP 0.38% of their portfolio New York, NY 11,612,00011.6m $14.4m $14.4m 0.38% Added +4.0m +4,000,000
5 ADVENT CAPITAL MANAGEMENT /DE/ 0.25% of their portfolio NEW YORK, NY 9,869,0009.9m $12.3m $12.3m 0.25% Reduced -2.5m -2,502,000
6 Hudson Bay Capital Management LP 0.11% of their portfolio STAMFORD, CT 8,637,0008.6m $10.7m $10.7m 0.11% Reduced -1.1m -1,102,000
7 FMR LLC 0.00% of their portfolio BOSTON, MA 7,994,0008.0m $9.9m $9.9m 0.00% Reduced -8.5m -8,466,000
8 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 7,076,0007.1m $8.8m $8.8m 0.00% Reduced -1.2m -1,212,000
9 Crystalline Management Inc. 6.19% of their portfolio Montreal, Quebec, Z4 7,033,0007.0m $8.7m $8.7m 6.19% Added +4.0m +4,033,000
10 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 6,736,0006.7m $8.5m $8.5m 0.01% Added +150.0k +150,000
11 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 6,500,0006.5m $8.1m $8.1m 0.02% New
12 BlackRock Inc. 0.00% of their portfolio New York, NY 2,139,0002.1m $2.7m $2.7m 0.00% Added +150.0k +150,000
13 NOMURA HOLDINGS INC 0.00% of their portfolio TOKYO, M0 1,999,6262.0m $485.3k $485.3k 0.00% Unchanged
14 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,287,0001.3m $1.6m $1.6m 0.00% Reduced -1.2m -1,169,000
15 ABSOLUTE INVESTMENT ADVISERS, LLC 0.17% of their portfolio ROSEMARY BEACH, FL 1,000,0001.0m $1.2m $1.2m 0.17% Unchanged
16 PALISADE CAPITAL MANAGEMENT, LP 0.03% of their portfolio FORT LEE, NJ 934,000934.0k $1.2m $1.2m 0.03% Reduced -526.0k -526,000
17 LOOMIS SAYLES & CO L P 0.03% of their portfolio BOSTON, MA 805,298805.3k $19.4m $19.4m 0.03% Reduced -10.5k -10,470
18 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 531,000531.0k $658.9k $658.9k 0.00% Added +39.0k +39,000
19 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 311,000311.0k $429.1k $429.1k 0.00% Unchanged
20 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 194,000194.0k $240.4k $240.4k 0.00% New
21 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 174,000174.0k $215.6k $215.6k 0.00% Reduced -12.0k -12,000
22 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 105,000105.0k $130.1k $130.1k 0.00% Reduced -1.0k -1,000
23 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 11,14011.1k $1.4m $1.4m 0.01% Added +10.0k +10,000
24 Boussard & Gavaudan Investment Management LLP 0.97% of their portfolio London, X0 8,0808.1k $10.1m $10.1m 0.97% Reduced -1.5k -1,460
25 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 3,0003.0k $3.7k $3.7k 0.00% Unchanged
26 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 2,0002.0k $2.5k $2.5k 0.00% Unchanged
27 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,0001.0k $1.0k $1.0k 0.00% Unchanged
28 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,0001.0k $1.2k $1.2k 0.00% Unchanged
29 NATIXIS 0.01% of their portfolio PARIS, I0 520520 $645.6k $645.6k 0.01% New
30 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged