PENN Entertainment, Inc.
US ˙ NasdaqGS ˙ US7075691094

SecurityPENN / PENN Entertainment, Inc.
InstitutionEarnest Partners Llc
Latest Disclosed Ownership2,827,208 shares
Latest Disclosed Value $ 42,492,936
Earnest Partners Llc reports 0.57% decrease in ownership of PENN / PENN Entertainment, Inc.

On May 15, 2026 - Earnest Partners Llc filed a 13F-HR form disclosing ownership of 2,827,208 shares of PENN Entertainment, Inc. (US:PENN) valued at $42,492,936 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 2,843,526 shares of PENN Entertainment, Inc.. This represents a change in shares of -0.57% during the quarter. The current value of the position is $54,367,210 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F PENN ENTERTAINMENT COM 707569109 2,827,208 -16,318 -0.57 42,493 1.31 0.1752
2026-02-12 2025-12-31 13F PENN ENTERTAINMENT COM 707569109 2,843,526 -117,747 -3.98 41,942 -26.46 0.1797
2025-11-14 2025-09-30 13F PENN ENTERTAINMENT COM 707569109 2,961,273 18,099 0.61 57,034 8.44 0.2474
2025-08-15 2025-06-30 13F PENN ENTERTAINMENT COM 707569109 2,943,174 8,402 0.29 52,595 9.88 0.2371
2025-05-14 2025-03-31 13F PENN ENTERTAINMENT COM 707569109 2,934,772 -47,065 -1.58 47,866 -19.01 0.2292
2025-02-14 2024-12-31 13F PENN ENTERTAINMENT COM 707569109 2,981,837 -1,167,317 -28.13 59,100 -24.48 0.2641
2024-11-14 2024-09-30 13F PENN ENTERTAINMENT COM 707569109 4,149,154 31,208 0.76 78,253 -1.82 0.3407
2024-08-14 2024-06-30 13F PENN ENTERTAINMENT COM 707569109 4,117,946 179,813 4.57 79,703 11.14 0.3726
2024-05-15 2024-03-31 13F PENN ENTERTAINMENT COM 707569109 3,938,133 151,025 3.99 71,713 -27.22 0.3283
2024-02-14 2023-12-31 13F PENN ENTERTAINMENT COM 707569109 3,787,108 1,069,013 39.33 98,541 57.97 0.4920
2023-11-14 2023-09-30 13F PENN ENTERTAINMENT COM 707569109 2,718,095 271,254 11.09 62,380 6.09 0.3598
2023-08-07 2023-06-30 13F PENN NATL GAMING COM 707569109 2,446,841 153,385 6.69 58,798 -13.56 0.3286
2023-05-15 2023-03-31 13F PENN NATL GAMING COM 707569109 2,293,456 115,124 5.28 68,024 5.14 0.3934
2023-02-14 2022-12-31 13F PENN NATL GAMING COM 707569109 2,178,332 8,308 0.38 64,696 8.37 0.3965
2022-11-14 2022-09-30 13F PENN NATL GAMING COM 707569109 2,170,024 105,100 5.09 59,697 -4.96 0.4010
2022-08-12 2022-06-30 13F PENN NATL GAMING COM 707569109 2,064,924 401,927 24.17 62,815 -10.96 0.4184
2022-05-16 2022-03-31 13F PENN NATL GAMING COM 707569109 1,662,997 498,084 42.76 70,544 16.79 0.4178
2022-02-07 2021-12-31 13F PENN NATL GAMING COM 707569109 1,164,913 189,402 19.42 60,401 -14.55 0.3484
2021-11-15 2021-09-30 13F PENN NATL GAMING COM 707569109 975,511 60,930 6.66 70,686 1.04 0.4320
2021-08-16 2021-06-30 13F PENN NATL GAMING COM 707569109 914,581 30,537 3.45 69,956 -24.52 0.4110
2021-05-17 2021-03-31 13F PENN NATL GAMING COM 707569109 884,044 13,682 1.57 92,683 23.29 0.5537
2021-02-16 2020-12-31 13F PENN NATL GAMING COM 707569109 870,362 61,899 7.66 75,173 27.90 0.5193
2020-11-16 2020-09-30 13F PENN NATL GAMING COM 707569109 808,463 -106,946 -11.68 58,775 110.23 0.5070
2020-08-13 2020-06-30 13F PENN NATL GAMING COM 707569109 915,409 242,820 36.10 27,957 228.60 0.2641
2020-05-14 2020-03-31 13F PENN NATL GAMING COM 707569109 672,589 27,036 4.19 8,508 -48.44 0.0959
2020-02-07 2019-12-31 13F PENN NATL GAMING COM 707569109 645,553 193,392 42.77 16,500 95.94 0.1297
2019-11-14 2019-09-30 13F PENN NATL GAMING COM 707569109 452,161 36,832 8.87 8,421 5.28 0.0761
2019-08-13 2019-06-30 13F PENN NATL GAMING COM 707569109 415,329 87,680 26.76 7,999 21.45 0.0723
2019-05-15 2019-03-31 13F PENN NATL GAMING COM 707569109 327,649 -170 -0.05 6,586 6.69 0.0629
2019-02-14 2018-12-31 13F PENN NATL GAMING COM 707569109 327,819 216,372 194.15 6,173 68.25 0.0672
2018-11-14 2018-09-30 13F PENN NATL GAMING COM 707569109 111,447 0 0.00 3,669 -2.00 0.0329
2018-08-13 2018-06-30 13F PENN NATL GAMING COM 707569109 111,447 932 0.84 3,744 29.01 0.0350
2018-05-15 2018-03-31 13F PENN NATL GAMING COM 707569109 110,515 7,288 7.06 2,902 -10.27 0.0274
2018-02-14 2017-12-31 13F PENN NATL GAMING COM 707569109 103,227 -1,459,132 -93.39 3,234 -91.15 0.0310
2017-11-14 2017-09-30 13F PENN NATL GAMING COM 707569109 1,562,359 1,562,359 36,544 0.3640
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.