Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Penn Entertainment Inc (PENN)

372 + Investors. Track Smart Money conviction in PENN. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +9
Streak
2Q ▲
Buyers last Q
48%

Smart Money Signals — PENN

Based on 377 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added PENN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 92% of 3.0Y peak

92% of all-time peak
377 funds currently hold this stock — 92% of the 3.0-year high of 412 funds (reached 2023 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 5% fewer funds vs a year ago

fund count last 6Q
21 fewer hedge funds hold PENN compared to a year ago (-5% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 48% buying

183 buying198 selling
Last quarter: 198 funds reduced or exited vs 183 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
📈

More new buyers each quarter (+6 vs last Q)

new funds entering per quarter
Funds opening a new PENN position: 50 → 41 → 69 → 75. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

68% of holders stayed for 2+ years

■ 68% conviction (2yr+) ■ 17% medium ■ 15% new
256 out of 377 hedge funds have held PENN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -8%, value -64%

Value
-64%
Shares
-7%
Last quarter: funds added -8% more shares while total portfolio value only changed -64%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
🚀

Acceleration phase — new buyers rushing in

65 → 50 → 41 → 69 → 75 new funds/Q
New funds entering each quarter: 50 → 41 → 69 → 75. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 76% veterans vs 16% newcomers

■ 76% veterans ■ 8% 1-2yr ■ 16% new
Entry-cohort mix of 395 holders: 302 (76%) are 2+ year veterans, 31 entered 1–2 years ago, and 62 (16%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 44% AUM from top-100 funds

44% from top-100 AUM funds
54 of 375 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in PENN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — PENN

In 2026 Q1, 183 hedge funds were net buyers of PENN (75 opened a new position, 108 added to an existing one), while 198 reduced or exited (132 trimmed, 66 sold completely) — a 48% buyer ratio, indicating roughly balanced activity. Net buying has persisted for two consecutive quarters, a positive momentum signal. 44% of total institutional value in PENN is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +9 funds (more new holders than closures). Total institutional holders: 377.

Hedge Fund Ownership: PENN

How many hedge funds hold PENN — quarterly history vs. share price
Quarterly hedge fund ownership of PENN vs. share price

Market Analysis: PENN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PENN

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

30 top-rated funds 4 high-conviction
Consensus
6.5
/ 10
breadth
×
Elite
3.3
/ 10
conviction
Hedge Fund Positioning: PENN
2026 Q2 Stats Unlock in 5 days 372 + Investors

Track Smart Money conviction in PENN. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 372 367 1.36%
13F Shares 220M 240M -8.49%
Total Value $2.21B $6.28B -64.77%
New Positions 71 69 +2
Increased Positions 100 88 +12
Closed Positions 66 62 +4
Reduced Positions 125 137 -12
Total Calls 8 21 -61.9%
Total Puts 8 16 -50.0%
PUT/CALL Ratio 1.0 0.76 Neutral

Statistics: PENN

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Income Statement & Cash Flow
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Diluted EPS (ttm) --
Total Cash (mrq) --
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Institutional Holders (2026 Q2)

372 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in PENN. Verified SEC 13F-HR filings.

QUARTER:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 PENN holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Orvieto Partners, L.P. 5.61% 403,400 $8.6M
2 Seven Six Capital Management, LLC 4.21% 215,800 $4.6M
3 Hedges Asset Management LLC 2.65% 188,900 $4.0M
4 Penn Capital Management Company, LLC 1.61% 1,186,487 $25.4M
5 Hennessy Advisors Inc 1.23% 1,804,900 $38.6M
6 Shapiro Capital Management LLC 1.15% 885,093 $18.9M
7 Earnest Partners LLC 0.43% 5,551,025 $118.6M
8 Prelude Capital Management, LLC 0.34% 221,050 $4.7M
9 Bridgeway Capital Management, LLC 0.33% 892,114 $19.1M
10 nVerses Capital, LLC 0.31% 9,449 $202K
11 Sage Investment Advisers LLC 0.20% 13,990 $299K
12 Peregrine Capital Management LLC 0.19% 276,662 $5.9M
13 Lighthouse Investment Partners, LLC 0.18% 310,490 $6.6M
14 Edgestream Partners, L.P. 0.17% 268,604 $5.7M
15 Bayforest Capital Ltd 0.17% 8,376 $179K
16 Acorn Financial Advisory Services Inc /Adv 0.16% 57,772 $1.2M
17 Sierra Summit Advisors LLC 0.15% 63,314 $1.4M
18 Alliance Wealth Advisors, LLC 0.15% 21,709 $464K
19 Fox Run Management, L.L.C. 0.14% 39,898 $852K
20 Counterpoint Mutual Funds LLC 0.12% 58,615 $1.3M
21 Headlands Technologies LLC 0.10% 44,165 $943K
22 Oak Thistle LLC 0.10% 48,228 $1.0M
23 Bamco Inc /Ny/ 0.09% 2,744,568 $58.6M
24 Algert Global LLC 0.09% 341,060 $7.3M
25 Crawford Fund Management, LLC 0.08% 25,000 $534K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Penn Entertainment Inc (PENN)

What does the Smart Money Trend signal show for PENN?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added PENN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for PENN?

More sellers than buyers — 48% buying: Last quarter: 198 funds reduced or exited vs 183 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for PENN holders?

Elite ownership — 44% AUM from top-100 funds: 54 of 375 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in PENN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held PENN?

68% of holders stayed for 2+ years: 256 out of 377 hedge funds have held PENN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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