Penn Entertainment Inc (PENN) Institutional Investor Snapshot (386 Funds, Q2 2026)

PENN ranks #1594 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.

PENN is a disclosed holding of Cliff Asness (AQR Capital Management), one of the tracked superinvestors on AlphaSMO — it makes up 0.1% of that fund's own 13F portfolio.

PENN is a top-conviction position for HG Vora Capital Management, LLC — at 58.6% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.

The largest dollar stake in PENN belongs to BlackRock, Inc., but the position matters far more to HG Vora Capital Management, LLC, who has 58.6% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.

BlackRock has added to its PENN position for two straight quarters, increasing it by $183.3M to reach $410.6M today.

Shapiro Capital Management LLC has trimmed its PENN position for two straight quarters, cutting it by $38.3M while still holding $18.9M.

PENN is down 1.9% today, but institutions show net buying of $389.6M this quarter — a divergence between today's price move and the underlying institutional flow.

PENN reported a net loss of $906.7M over the trailing twelve months.

• Not yet profitable — net loss of $906.7M over the trailing twelve months
• Revenue declined 3.8% year over year
• Net income declined year over year, from -$75.6M to -$906.7M
• Generated $508.2M in positive operating cash flow
• Current ratio of 0.79x — below the conventional 1.5x liquidity buffer
• Liabilities run 6.78x equity — a highly leveraged balance sheet worth noting