Cubist Systematic Strategies, LLC PENN — PENN NATL GAMING INC

Ownership history in Cubist Systematic Strategies, LLC  ·  60 quarters on record

AI Ownership Summary

Cubist Systematic Strategies, LLC reported PENN NATL GAMING INC (PENN) in 60 quarterly 13F filings from 2023 Q4 through 2025 Q2. Peak portfolio weight reached 0.14% in 2023 Q4. The latest visible filing shows PENN at 0.01% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings. Older history is available after unlock; the visible window still shows the most recent pattern.

What this PENN ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was Cubist Systematic Strategies, LLC's position in PENN NATL GAMING INC, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2025 Q2

PENN was reported at 0.01% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
0.14% in 2023 Q4

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2023 Q4 to 2025 Q2

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

PENN stock page Cubist Systematic Strategies, LLC fund profile Cubist Systematic Strategies, LLC full holdings
How Cubist Systematic Strategies, LLC held PENN — position size vs. price
% of Fund (quarterly)    PENN price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 15 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2025 Q2 REDUCED 60.8% +10.3% ❌ 163,950 -254,196 -60.8% 0.01% $2.9M 2025-08-14 $17.98
2025 Q1 ADDED — — — 418,146 +271,346 +184.8% 0.04% $6.8M 2025-05-15 $15.81
2024 Q4 ADDED — — — 146,800 +132,800 +948.6% 0.02% $2.9M 2025-02-14 $22.73
2024 Q3 REDUCED 91.2% -0.7% ✅ 14,000 -144,400 -91.2% 0.00% $264K 2024-11-14 $20.94
2024 Q3 REDUCED 86.4% -0.7% ✅ 158,400 -1,003,822 -86.4% 0.02% $3.0M 2024-11-14 $20.94
2024 Q3 ADDED — — — 1,162,222 +1,074,158 +1219.7% 0.13% $21.9M 2024-11-14 $20.94
2024 Q2 ADDED — — — 88,064 +51,464 +140.6% 0.01% $1.7M 2024-08-14 $18.52
2024 Q2 REDUCED 86.6% -2.6% ✅ 36,600 -235,700 -86.6% 0.00% $708K 2024-08-14 $18.52
2024 Q2 ADDED — — — 272,300 +93,763 +52.5% 0.04% $5.3M 2024-08-14 $18.52
2024 Q1 REDUCED 10.6% +3.1% ❌ 178,537 -21,163 -10.6% 0.02% $3.3M 2024-05-15 $15.90
2024 Q1 ADDED — — — 199,700 +26,500 +15.3% 0.02% $3.6M 2024-05-15 $15.90
2024 Q1 REDUCED 78.5% +3.1% ❌ 173,200 -631,793 -78.5% 0.02% $3.2M 2024-05-15 $15.90
2023 Q4 ADDED — — — 804,993 +804,593 +201148.2% 0.14% $20.9M 2024-02-14 $22.50
2023 Q4 REDUCED 97.5% -29.8% ✅ 400 -15,600 -97.5% 0.00% $10K 2024-02-14 $22.50
2023 Q4 REDUCED 52.7% -29.8% ✅ 16,000 -17,800 -52.7% 0.00% $416K 2024-02-14 $22.50
45 older quarters hidden  —  Sign in free or upgrade to Premium to see full history

🏢 Other funds also holding PENN

As of 2026 Q1 — sorted by position size

HENNESSY ADVISORS INC 3Y 7Y 0.98% BW Gestao de Investimentos Ltda. 3Y 7Y 0.27% PEREGRINE CAPITAL MANAGEMENT LLC 3Y 7Y 0.17% Baron Wealth Management LLC 0.16% Bayforest Capital Ltd 0.16% Sage Investment Advisers LLC 3Y 0.16% Counterpoint Mutual Funds LLC 3Y 0.14% ACORN FINANCIAL ADVISORY SERVICES INC /ADV 3Y 0.13% HARBOR CAPITAL ADVISORS, INC. 3Y 0.08% Oak Thistle LLC 3Y 0.07%

FAQ About Cubist Systematic Strategies, LLC and PENN

These are the practical questions this page is built to answer before you even open the full history table.

How long has Cubist Systematic Strategies, LLC reported owning PENN?

Cubist Systematic Strategies, LLC reported PENN across 15 quarterly 13F filings, from 2023 Q4 through 2025 Q2.

What was the largest reported PENN position in Cubist Systematic Strategies, LLC's portfolio?

The largest reported portfolio weight for PENN was 0.14% in 2023 Q4.

What is the latest reported PENN position on this page?

The most recent filing on this page is 2025 Q2, when Cubist Systematic Strategies, LLC reported 163,950 shares, equal to 0.01% of portfolio, with an estimated market value of $2.9M.

What does the chart on this PENN ownership page compare?

The chart compares Cubist Systematic Strategies, LLC's quarterly PENN portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did Cubist Systematic Strategies, LLC time their PENN position?

Based on 13F filing dates vs. subsequent PENN price moves, Cubist Systematic Strategies, LLC correctly timed 28 out of 59 reported position changes (47%). The annualised alpha on PENN relative to SPY over the holding period was -8.9%.

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