Who owns PENN Entertainment (PENN)
Which tracked institutional funds hold PENN, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See PENN company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
121 tracked funds added or opened PENN while 66 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
PENN’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes PENN more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in PENN divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 354 tracked filers holding PENN, 187 increased or opened the position and 185 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in PENN between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 19
- Freestone Grove Partners LP$22M
- WELLINGTON MANAGEMENT GROUP LLP$9M
- CASTLEARK MANAGEMENT LLC$8M
- Edgestream Partners, L.P.$6M
- Hedges Asset Management LLC$4M
- TWO SIGMA INVESTMENTS, LP$4M
Full exits 38
- BALYASNY ASSET MANAGEMENT L.P.$37M
- FULLER & THALER ASSET MANAGEMENT, INC.$33M
- Long Focus Capital Management, LLC$32M
- Palidye Holdings (Caymans) Ltd$21M
- Melqart Asset Management (UK) Ltd$12M
- BW Gestao de Investimentos Ltda.$8M
Largest adds
- BlackRock, Inc.$250M
- AQR CAPITAL MANAGEMENT LLC$104M
- VANGUARD PORTFOLIO MANAGEMENT LLC$93M
- EARNEST PARTNERS LLC$76M
- SEI INVESTMENTS CO$49M
- STATE STREET CORP$47M
Largest trims
- NORGES BANK$29M
- SHAPIRO CAPITAL MANAGEMENT LLC$23M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$11M
- Engineers Gate Manager LP$9M
- ARMISTICE CAPITAL, LLC$9M
- CITADEL ADVISORS LLC$9M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. added | 19,221,848 | $411M | 14.2% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 10,227,322 | $218M | 7.5% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 6,892,718 | $147M | 5.1% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC trimmed | 5,985,664 | $128M | 4.4% | 2026-Q2 |
| DME Capital Management, LP trimmed | 5,860,270 | $125M | 4.3% | 2026-Q2 |
| Hill Path Capital LP | 5,759,820 | $123M | 4.2% | 2026-Q2 |
| EARNEST PARTNERS LLC added | 5,551,025 | $119M | 4.1% | 2026-Q2 |
| HG Vora Capital Management, LLC trimmed | 5,398,590 | $115M | 4.0% | 2026-Q2 |
| STATE STREET CORP added | 5,289,200 | $113M | 3.9% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 5,099,206 | $109M | 3.8% | 2026-Q2 |
| Invesco Ltd. trimmed | 4,848,567 | $104M | 3.6% | 2026-Q2 |
| SEI INVESTMENTS CO added | 3,630,106 | $78M | 2.7% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 3,417,683 | $73M | 2.5% | 2026-Q2 |
| BAMCO INC /NY/ added | 2,744,568 | $59M | 2.0% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 2,428,978 | $52M | 1.8% | 2026-Q2 |
| HENNESSY ADVISORS INC | 1,804,900 | $39M | 1.3% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 1,772,595 | $38M | 1.3% | 2026-Q2 |
| MORGAN STANLEY trimmed | 1,730,337 | $37M | 1.3% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 1,671,639 | $36M | 1.2% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 1,455,173 | $31M | 1.1% | 2026-Q2 |
| NORTHERN TRUST CORP added | 1,415,237 | $30M | 1.0% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 1,372,580 | $29M | 1.0% | 2026-Q2 |
| Penn Capital Management Company, LLC added | 1,186,487 | $25M | 0.9% | 2026-Q2 |
| Woodline Partners LP added | 1,097,415 | $23M | 0.8% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 1,061,263 | $23M | 0.8% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC added | 1,029,962 | $22M | 0.8% | 2026-Q2 |
| Freestone Grove Partners LP new | 1,008,060 | $22M | 0.7% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. added | 1,004,659 | $21M | 0.7% | 2026-Q2 |
| Nuveen, LLC added | 961,550 | $21M | 0.7% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 928,663 | $20M | 0.7% | 2026-Q2 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC added | 892,114 | $19M | 0.7% | 2026-Q2 |
| SHAPIRO CAPITAL MANAGEMENT LLC trimmed | 885,093 | $19M | 0.7% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 847,339 | $18M | 0.6% | 2026-Q2 |
| UBS Group AG trimmed | 826,445 | $18M | 0.6% | 2026-Q2 |
| Bank of New York Mellon Corp added | 782,477 | $17M | 0.6% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND added | 765,258 | $16M | 0.6% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 753,819 | $17M | 0.6% | 2026-Q2 |
| Quantinno Capital Management LP added | 753,402 | $16M | 0.6% | 2026-Q2 |
| Invenomic Capital Management LP trimmed | 738,495 | $16M | 0.5% | 2026-Q2 |
| KETTLE HILL CAPITAL MANAGEMENT, LLC trimmed | 683,963 | $15M | 0.5% | 2026-Q2 |
| ARMISTICE CAPITAL, LLC trimmed | 672,000 | $14M | 0.5% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 613,957 | $13M | 0.5% | 2026-Q2 |
| Empowered Funds, LLC added | 586,714 | $13M | 0.4% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC trimmed | 534,900 | $11M | 0.4% | 2026-Q2 |
| JENNISON ASSOCIATES LLC trimmed | 516,715 | $11M | 0.4% | 2026-Q2 |
| Susquehanna Portfolio Strategies, LLC added | 466,268 | $10M | 0.3% | 2026-Q2 |
| CastleKnight Management LP trimmed | 447,640 | $10M | 0.3% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 445,257 | $10M | 0.3% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 440,496 | $9M | 0.3% | 2026-Q2 |
| Public Sector Pension Investment Board trimmed | 436,444 | $9M | 0.3% | 2026-Q2 |
| Squarepoint Ops LLC added | 435,730 | $9M | 0.3% | 2026-Q2 |
| WELLINGTON MANAGEMENT GROUP LLP new | 406,352 | $9M | 0.3% | 2026-Q2 |
| FEDERATED HERMES, INC. trimmed | 403,809 | $9M | 0.3% | 2026-Q2 |
| Orvieto Partners, L.P. trimmed | 403,400 | $9M | 0.3% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 383,223 | $8M | 0.3% | 2026-Q2 |
| Gotham Asset Management, LLC added | 370,064 | $8M | 0.3% | 2026-Q2 |
| CASTLEARK MANAGEMENT LLC new | 351,920 | $8M | 0.3% | 2026-Q2 |
| ALGERT GLOBAL LLC added | 341,060 | $7M | 0.3% | 2026-Q2 |
| Lighthouse Investment Partners, LLC added | 310,490 | $7M | 0.2% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 309,778 | $7M | 0.2% | 2026-Q2 |
| Legal & General Group Plc added | 299,874 | $6M | 0.2% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 282,350 | $6M | 0.2% | 2026-Q2 |
| CITIGROUP INC added | 278,915 | $6M | 0.2% | 2026-Q2 |
| PEREGRINE CAPITAL MANAGEMENT LLC trimmed | 276,662 | $6M | 0.2% | 2026-Q2 |
| Edgestream Partners, L.P. trimmed | 268,604 | $6M | 0.2% | 2026-Q2 |
| TUDOR INVESTMENT CORP ET AL trimmed | 246,264 | $5M | 0.2% | 2026-Q2 |
| Swiss National Bank trimmed | 240,984 | $5M | 0.2% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 233,881 | $5M | 0.2% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD added | 227,088 | $5M | 0.2% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 223,567 | $5M | 0.2% | 2026-Q2 |
| PRELUDE CAPITAL MANAGEMENT, LLC trimmed | 221,050 | $5M | 0.2% | 2026-Q2 |
| Seven Six Capital Management, LLC trimmed | 215,800 | $5M | 0.2% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 213,400 | $5M | 0.2% | 2026-Q2 |
| Hedges Asset Management LLC added | 188,900 | $4M | 0.1% | 2026-Q2 |
| Clearline Capital LP | 187,594 | $4M | 0.1% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 186,355 | $4M | 0.1% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 183,994 | $4M | 0.1% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 183,114 | $4M | 0.1% | 2026-Q2 |
| Assenagon Asset Management S.A. added | 180,310 | $4M | 0.1% | 2026-Q2 |
| Bridgewater Associates, LP added | 177,932 | $4M | 0.1% | 2026-Q2 |
| Vanguard Global Advisers, LLC trimmed | 166,906 | $4M | 0.1% | 2026-Q2 |
| Mariner, LLC added | 166,277 | $4M | 0.1% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 163,405 | $2M | 0.1% | 2026-Q2 |
| PRUDENTIAL FINANCIAL INC added | 153,781 | $3M | 0.1% | 2026-Q2 |
| IEQ CAPITAL, LLC added | 149,355 | $3M | 0.1% | 2026-Q2 |
| J. Goldman & Co LP trimmed | 146,901 | $3M | 0.1% | 2026-Q2 |
| Aquatic Capital Management LLC added | 136,642 | $3M | 0.1% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 136,482 | $3M | 0.1% | 2026-Q2 |
| Shellback Capital, LP trimmed | 125,000 | $3M | 0.1% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 113,414 | $2M | 0.1% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 110,881 | $2M | 0.1% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 109,701 | $2M | 0.1% | 2026-Q2 |
| Cetera Investment Advisers added | 107,996 | $2M | 0.1% | 2026-Q2 |
| NORGES BANK trimmed | 105,912 | $2M | 0.1% | 2026-Q2 |
| EXCHANGE TRADED CONCEPTS, LLC added | 105,409 | $2M | 0.1% | 2026-Q2 |
| Creative Planning added | 104,490 | $2M | 0.1% | 2026-Q2 |
| CAXTON ASSOCIATES LLP added | 101,613 | $2M | 0.1% | 2026-Q2 |
| VestGen Advisors, LLC added | 99,603 | $2M | 0.1% | 2026-Q2 |
| WOLVERINE ASSET MANAGEMENT LLC added | 96,526 | $2M | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd trimmed | 94,899 | $2M | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.