David Einhorn's PENN Position Overview
David Einhorn (via Dme Capital Management, Lp) currently holds 6.8M shares of PENN Entertainment, Inc. (PENN) worth $130.38 M, representing 5.13% of the portfolio. First purchased in 2013-Q4, this long-term strategic position has been held for 48 quarters.
Based on 13F filings since 2013, David Einhorn has maintained a long-term strategic position in PENN, representing a significant commitment to this investment thesis. Largest addition occurred in Q1 2024, adding 2.6M shares. Largest reduction occurred in Q3 2025, reducing 725.0K shares.
Analysis based on 13F filings available since 2013 Q2
David Einhorn's PENN Entertainment (PENN) Holding Value Over Time
Track share changes against reported price movement
Quarterly PENN Entertainment (PENN) Trades by David Einhorn
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2013 | +1 M | New Buy | 1 M | $14.33 |
| Q1 2014 | +1 M | Add 100.00% | 2 M | $12.32 |
| Q2 2014 | -2 M | Sold Out | 2 M | $0.00 |
| Q1 2024 | +4.55 M | Add 0.00% | 4.55 M | $18.21 |
| Q2 2024 | +540,630 | Add 11.87% | 5.1 M | $19.36 |
| Q3 2024 | +525,430 | Add 10.31% | 5.62 M | $18.86 |
| Q4 2024 | +127,670 | Add 2.27% | 5.75 M | $19.82 |
| Q1 2025 | +520,000 | Add 9.05% | 6.27 M | $16.31 |
| Q2 2025 | +1.23 M | Add 19.56% | 7.49 M | $17.87 |
| Q3 2025 | -725,000 | Reduce 9.67% | 6.77 M | $19.26 |
David Einhorn's PENN Entertainment Investment FAQs
David Einhorn first purchased PENN Entertainment, Inc. (PENN) in Q4 2013, acquiring 1,000,000 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
David Einhorn has held PENN Entertainment, Inc. (PENN) for 48 quarters since Q4 2013. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
David Einhorn's largest addition to PENN Entertainment, Inc. (PENN) was in Q1 2024, adding 4,554,710 shares worth $82.94 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, David Einhorn's firm, Dme Capital Management, Lp, owns 6,769,440 shares of PENN Entertainment, Inc. (PENN), valued at approximately $130.38 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 5.13% of David Einhorn'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.
David Einhorn's peak holding in PENN Entertainment, Inc. (PENN) was 7,494,440 shares, as reported at the end of Q2 2025. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.