Cliff Asness's PENN Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 378,649 shares of PENN Entertainment, Inc. (PENN) worth $7.29 M, representing 0.00% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 52 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in PENN, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2023, adding 1.5 M shares. Largest reduction occurred in Q4 2023, reducing 1.17 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's PENN Entertainment (PENN) Holding Value Over Time
Track share changes against reported price movement
Quarterly PENN Entertainment (PENN) Trades by Cliff Asness
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2012 | +60,001 | Add 0.00% | 60,000 | $49.12 |
| Q3 2013 | +157,287 | New Buy | 157,287 | $55.36 |
| Q4 2013 | +1.34 M | Add 850.40% | 1.49 M | $14.33 |
| Q1 2014 | -46,804 | Reduce 3.13% | 1.45 M | $12.32 |
| Q2 2014 | +84,904 | Add 5.86% | 1.53 M | $12.14 |
| Q3 2014 | -806,930 | Reduce 52.64% | 726,021 | $11.21 |
| Q4 2014 | -726,021 | Sold Out | 726,021 | $0.00 |
| Q1 2015 | +19,600 | New Buy | 19,600 | $15.66 |
| Q2 2015 | +37,456 | Add 191.10% | 57,056 | $18.35 |
| Q3 2015 | +7,997 | Add 14.02% | 65,053 | $16.79 |
| Q4 2015 | +14,568 | Add 22.39% | 79,621 | $16.03 |
| Q1 2016 | -25,317 | Reduce 31.80% | 54,304 | $16.68 |
| Q2 2016 | -23,334 | Reduce 42.97% | 30,970 | $13.95 |
| Q3 2016 | -30,970 | Sold Out | 30,970 | $0.00 |
| Q2 2017 | +24,013 | New Buy | 24,013 | $21.41 |
| Q3 2017 | +30,914 | Add 128.74% | 54,927 | $23.39 |
| Q4 2017 | +18,900 | Add 34.41% | 73,827 | $31.33 |
| Q1 2018 | +200,541 | Add 271.64% | 274,368 | $26.26 |
| Q2 2018 | -1,633 | Reduce 0.60% | 272,735 | $33.59 |
| Q3 2018 | -132,178 | Reduce 48.46% | 140,557 | $32.92 |
| Q4 2018 | -140,557 | Sold Out | 140,557 | $0.00 |
| Q1 2019 | +11,229 | New Buy | 11,229 | $19.95 |
| Q2 2019 | -11,229 | Sold Out | 11,229 | $0.00 |
| Q1 2020 | +374,369 | New Buy | 374,369 | $12.65 |
| Q2 2020 | -258,427 | Reduce 69.03% | 115,942 | $30.54 |
| Q3 2020 | -29,779 | Reduce 25.68% | 86,163 | $72.70 |
| Q4 2020 | +10,149 | Add 11.78% | 96,312 | $85.65 |
| Q1 2021 | +3,551 | Add 3.69% | 99,863 | $103.69 |
| Q2 2021 | +85,443 | Add 85.56% | 185,306 | $75.98 |
| Q3 2021 | -81,073 | Reduce 43.75% | 104,233 | $72.08 |
| Q4 2021 | +97,134 | Add 93.19% | 201,367 | $51.63 |
| Q1 2022 | +193,647 | Add 96.17% | 395,014 | $42.42 |
| Q2 2022 | +112,034 | Add 28.36% | 507,048 | $29.92 |
| Q3 2022 | -285,558 | Reduce 56.32% | 221,490 | $27.35 |
| Q4 2022 | +95,541 | Add 43.14% | 317,031 | $29.25 |
| Q1 2023 | +308,913 | Add 97.44% | 625,944 | $29.33 |
| Q2 2023 | +1.5 M | Add 239.50% | 2.13 M | $24.03 |
| Q3 2023 | -528,172 | Reduce 24.85% | 1.6 M | $22.95 |
| Q4 2023 | -1.17 M | Reduce 73.30% | 426,386 | $26.02 |
| Q1 2024 | -390,680 | Reduce 91.63% | 35,706 | $18.21 |
| Q2 2024 | -35,706 | Sold Out | 35,706 | $0.00 |
| Q3 2024 | +24,152 | New Buy | 24,152 | $18.86 |
| Q4 2024 | -2,702 | Reduce 11.19% | 21,450 | $18.73 |
| Q1 2025 | -1,937 | Reduce 9.03% | 19,513 | $16.31 |
| Q2 2025 | +30,147 | Add 154.50% | 49,660 | $17.87 |
| Q3 2025 | +328,989 | Add 662.48% | 378,649 | $19.26 |
Cliff Asness's PENN Entertainment Investment FAQs
Cliff Asness first purchased PENN Entertainment, Inc. (PENN) in Q4 2012, acquiring 60,000 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held PENN Entertainment, Inc. (PENN) for 52 quarters since Q4 2012. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's largest addition to PENN Entertainment, Inc. (PENN) was in Q2 2023, adding 2,125,056 shares worth $51.07 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 378,649 shares of PENN Entertainment, Inc. (PENN), valued at approximately $7.29 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, PENN Entertainment, Inc. (PENN) represents approximately 0.00% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's peak holding in PENN Entertainment, Inc. (PENN) was 2,125,056 shares, as reported at the end of Q2 2023. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.