PENN Entertainment, Inc.
US ˙ NasdaqGS ˙ US7075691094

SecurityPENN / PENN Entertainment, Inc.
InstitutionMorgan Stanley
Latest Disclosed Ownership2,335,568 shares
Latest Disclosed Value $ 35,103,605
Morgan Stanley reports 27.49% increase in ownership of PENN / PENN Entertainment, Inc.

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 2,335,568 shares of PENN Entertainment, Inc. (US:PENN) valued at $35,103,587 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 1,831,931 shares of PENN Entertainment, Inc.. This represents a change in shares of 27.49% during the quarter. The current value of the position is $45,847,200 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 2,335,568 503,637 27.49 35,104 29.91 0.0021
2026-05-27 2025-12-31 13F/A-1 PENN ENTERTAINMENT COM 707569109 1,831,931 43,461 2.43 27,021 -21.56 0.0016
2026-02-13 2025-12-31 13F PENN ENTERTAINMENT COM 707569109 1,831,931 43,461 27,021 0.0016
2026-05-27 2025-09-30 13F/A-1 PENN ENTERTAINMENT COM 707569109 1,788,470 199,895 12.58 34,446 21.34 0.0021
2025-11-14 2025-09-30 13F PENN ENTERTAINMENT COM 707569109 1,788,470 199,895 34,446 0.0021
2025-08-15 2025-06-30 13F PENN ENTERTAINMENT COM 707569109 1,588,575 -423,167 -21.03 28,388 -13.48 0.0018
2025-05-15 2025-03-31 13F PENN ENTERTAINMENT COM 707569109 2,011,742 103,888 5.45 32,812 -13.23 0.0023
2025-05-15 2024-12-31 13F/A-1 PENN ENTERTAINMENT COM 707569109 1,907,854 -8,108 -0.42 37,814 4.64 0.0026
2025-02-14 2024-12-31 13F PENN ENTERTAINMENT COM 707569109 1,907,854 -8,108 37,814 0.0026
2025-05-14 2024-09-30 13F/A-2 PENN ENTERTAINMENT COM 707569109 1,915,962 -207,558 -9.77 36,135 -12.08 0.0026
2025-02-14 2024-09-30 13F/A-1 PENN ENTERTAINMENT COM 707569109 1,915,962 -207,558 36,135 0.0026
2024-11-14 2024-09-30 13F PENN ENTERTAINMENT COM 707569109 1,915,962 -207,558 36,135 0.0003
2025-05-14 2024-06-30 13F/A-2 PENN ENTERTAINMENT COM 707569109 2,123,520 -1,361,426 -39.07 41,101 -35.23 0.0032
2024-10-17 2024-06-30 13F/A-1 PENN ENTERTAINMENT COM 707569109 2,123,520 -1,361,426 41,101 0.0032
2024-08-14 2024-06-30 13F PENN ENTERTAINMENT COM 707569109 2,123,520 -1,361,426 41,101 0.0032
2024-10-17 2024-03-31 13F/A-2 PENN ENTERTAINMENT COM 707569109 3,484,946 2,141,267 159.36 63,461 81.51 0.0051
2024-08-16 2024-03-31 13F/A-1 PENN ENTERTAINMENT COM 707569109 3,484,946 2,141,267 63,461 0.0006
2024-05-15 2024-03-31 13F PENN ENTERTAINMENT COM 707569109 3,484,946 2,141,267 63,461 0.0051
2024-08-16 2023-12-31 13F/A-1 PENN ENTERTAINMENT COM 707569109 1,343,679 -4,033,181 -75.01 34,963 -71.67 0.0031
2024-02-13 2023-12-31 13F PENN ENTERTAINMENT COM 707569109 1,343,679 -4,033,181 34,963 0.0031
2023-11-15 2023-09-30 13F PENN ENTERTAINMENT COM 707569109 5,376,860 4,087,082 316.88 123,399 298.15 0.0125
2023-08-14 2023-06-30 13F PENN ENTERTAINMENT COM 707569109 1,289,778 -827,081 -39.07 30,993 -50.64 0.0031
2023-05-15 2023-03-31 13F PENN ENTERTAINMENT COM 707569109 2,116,859 213,011 11.19 62,786 11.04 0.0067
2023-02-14 2022-12-31 13F PENN ENTERTAINMENT COM 707569109 1,903,848 -44,285 -2.27 56,544 5.50 0.0064
2022-11-14 2022-09-30 13F PENN ENTERTAINMENT COM 707569109 1,948,133 320,661 19.70 53,594 8.25 0.0073
2022-10-27 2022-06-30 13F/A-1 PENN NATL GAMING COM 707569109 1,627,472 309,848 23.52 49,508 -11.43 0.0064
2022-08-15 2022-06-30 13F PENN NATL GAMING COM 707569109 1,627,472 309,848 49,508 0.0013
2022-10-27 2022-03-31 13F/A-1 PENN NATL GAMING COM 707569109 1,317,624 -568,658 -30.15 55,894 -42.85 0.0075
2022-05-13 2022-03-31 13F PENN NATL GAMING COM 707569109 1,317,624 -568,658 55,894 0.0075
2022-02-14 2021-12-31 13F PENN NATL GAMING COM 707569109 1,886,282 320,878 20.50 97,804 -13.78 0.0121
2021-11-15 2021-09-30 13F PENN NATL GAMING COM 707569109 1,565,404 -569,546 -26.68 113,431 -30.54 0.0153
2021-08-23 2021-06-30 13F/A-1 PENN NATL GAMING COM 707569109 2,134,950 1,048,987 96.60 163,303 43.43 0.0215
2021-08-16 2021-06-30 13F PENN NATL GAMING COM 707569109 2,134,950 1,048,987 163,303 0.0045
2021-05-17 2021-03-31 13F PENN NATL GAMING COM 707569109 1,085,963 -159,097 -12.78 113,853 5.87 0.0167
2021-02-16 2020-12-31 13F PENN NATL GAMING COM 707569109 1,245,060 181,504 17.07 107,537 39.08 0.0166
2020-11-13 2020-09-30 13F PENN NATL GAMING COM 707569109 1,063,556 55,997 5.56 77,320 151.28 0.0150
2020-08-14 2020-06-30 13F PENN NATL GAMING COM 707569109 1,007,559 224,009 28.59 30,770 210.46 0.0068
2020-05-26 2020-03-31 13F/A-1 PENN NATL GAMING COM 707569109 783,550 255,975 48.52 9,911 -26.50 0.0027
2020-05-15 2020-03-31 13F PENN NATL GAMING COM 707569109 783,550 255,975 9,911 2,688.4717
2020-02-14 2019-12-31 13F PENN NATL GAMING COM 707569109 527,575 382,462 263.56 13,485 399.07 0.0031
2019-11-14 2019-09-30 13F PENN NATL GAMING COM 707569109 145,113 -1,187,170 -89.11 2,702 -89.47 0.0007
2019-08-14 2019-06-30 13F PENN NATL GAMING COM 707569109 1,332,283 1,235,862 1,281.74 25,660 1,224.05 0.0068
2019-05-15 2019-03-31 13F PENN NATL GAMING COM 707569109 96,421 -182,920 -65.48 1,938 -63.16 0.0005
2019-02-14 2018-12-31 13F PENN NATL GAMING COM 707569109 279,341 104,282 59.57 5,260 -8.73 0.0016
2019-04-23 2018-09-30 13F/A-2 PENN NATL GAMING COM 707569109 175,059 -63,340 -26.57 5,763 -28.03 0.0014
2018-11-20 2018-09-30 13F/A-1 PENN NATL GAMING COM 707569109 175,059 0 5,763 0.0014
2018-11-14 2018-09-30 13F PENN NATL GAMING COM 707569109 175,059 -63,340 5,763
2019-04-23 2018-06-30 13F/A-1 PENN NATL GAMING COM 707569109 238,399 -7,454 -3.03 8,008 24.06 0.0022
2018-08-14 2018-06-30 13F PENN NATL GAMING COM 707569109 238,399 -7,454 8,008
2019-04-23 2018-03-31 13F/A-1 PENN NATL GAMING COM 707569109 245,853 -813,046 -76.78 6,455 -80.54 0.0018
2018-05-14 2018-03-31 13F PENN NATL GAMING COM 707569109 245,853 -813,046 6,455
2019-04-23 2017-12-31 13F/A-1 PENN NATL GAMING COM 707569109 1,058,899 923,545 682.32 33,175 947.85 0.0091
2018-02-14 2017-12-31 13F PENN NATL GAMING COM 707569109 1,058,899 923,545 33,175
2017-11-14 2017-09-30 13F PENN NATL GAMING COM 707569109 135,354 -244,430 -64.36 3,166 -61.05 0.0009
2017-08-11 2017-06-30 13F PENN NATL GAMING COM 707569109 379,784 53,928 16.55 8,128 35.33 0.0025
2017-05-22 2017-03-31 13F/A-1 PENN NATL GAMING COM 707569109 325,856 -108,042 -24.90 6,006 0.38 0.0018
2017-05-12 2017-03-31 13F PENN NATL GAMING COM 707569109 325,856 6,006
2017-02-22 2016-12-31 13F/A-1 PENN NATL GAMING COM 707569109 433,898 316,206 268.67 5,983 274.64 0.0020
2017-02-13 2016-12-31 13F PENN NATL GAMING COM 707569109 433,898 5,983
2016-11-10 2016-09-30 13F PENN NATL GAMING COM 707569109 117,692 -112,384 -48.85 1,597 -50.23 0.0005
2016-08-12 2016-06-30 13F PENN NATL GAMING COM 707569109 230,076 149,456 185.38 3,209 138.59 0.0012
2016-05-12 2016-03-31 13F PENN NATL GAMING COM 707569109 80,620 -132,839 -62.23 1,345 -60.66 0.0005
2016-02-09 2015-12-31 13F PENN NATL GAMING COM 707569109 213,459 -136,708 -39.04 3,419 -41.80 0.0012
2016-02-08 2015-09-30 13F/A-1 PENN NATL GAMING COM 707569109 350,167 181,084 107.10 5,875 89.39 0.0022
2015-11-09 2015-09-30 13F PENN NATL GAMING COM 707569109 350,167 5,875
2015-08-12 2015-06-30 13F PENN NATL GAMING COM 707569109 169,083 -882,518 -83.92 3,102 -81.16 0.0011
2015-05-14 2015-03-31 13F PENN NATL GAMING COM 707569109 1,051,601 326,859 45.10 16,468 65.51 0.0061
2015-02-13 2014-12-31 13F PENN NATL GAMING COM 707569109 724,742 292,515 67.68 9,950 105.41 0.0036
2014-12-16 2014-09-30 13F/A-1 PENN NATL GAMING COM 707569109 432,227 191,740 79.73 4,844 63.48 0.0019
2014-11-14 2014-09-30 13F PENN NATL GAMING COM 707569109 432,227 4,844
2014-05-13 2014-03-31 13F PENN NATL GAMING COM 707569109 240,487 -578,923 -70.65 2,963 -74.77 0.0012
2014-02-13 2013-12-31 13F PENN NATL GAMING COM 707569109 819,410 673,062 459.91 11,742 44.93 0.0050
2013-11-13 2013-09-30 13F PENN NATIONAL GAMING INC COM 707569109 146,348 -683,245 -82.36 8,102 -81.54 0.0038
2013-08-08 2013-06-30 13F PENN NATIONAL GAMING INC COM 707569109 829,593 829,593 43,901 0.0221
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.