PENN ENTERTAINMENT INC

CUSIP: 707569AU3 Class: Convertible Debt

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (4)

PIPER SANDLER & CO.
Value ($000) $4,185 Shares 4,270,000
OAKTREE CAPITAL MANAGEMENT LP
Value ($000) $4,911 Shares 4,952,000
TWO SIGMA INVESTMENTS, LP
Value ($000) $22,539 Shares 22,813,000
Russell Investments Group, Ltd.
Value ($000) $2,069 Shares 2,078,000

Increased Positions (4)

Shaolin Capital Management LLC
Value ($000) $17,282 (+136.2%) Shares 17,500,000 (+150.0%)
CSS LLC/IL
Value ($000) $3,500 (+9299.6%) Shares 3,536,000 (+9722.2%)
BARCLAYS PLC
Value ($000) $12,467 (+13611.6%) Shares 12,640,000 (+14947.6%)
WELLS FARGO & COMPANY/MN
Value ($000) $193 (+133.7%) Shares 197,000 (+146.3%)

Decreased Positions (4)

ADVENT CAPITAL MANAGEMENT /DE/
Value ($000) $868 (-97.8%) Shares 872,000 (-97.7%)
BANK OF AMERICA CORP /DE/
Value ($000) $3 (-99.7%) Shares 3,000 (-99.6%)
PALISADE CAPITAL MANAGEMENT, LP
Value ($000) $789 (-7.1%) Shares 797,000 (-2.8%)
Fox Hill Wealth Management
Value ($000) $71 (-4.5%) Shares 71,000 (-1.4%)

Exited Positions (9)

NEW YORK STATE COMMON RETIREMENT FUND
Value ($000) $4,723 Shares 4,579,000
MACQUARIE GROUP LTD
Value ($000) $2,071 Shares 2,000,000
FMR LLC
Value ($000) $7,527 Shares 7,297,000
BNP PARIBAS ARBITRAGE, SA
Value ($000) $279 Shares 270,000
INSIGNEO ADVISORY SERVICES, LLC
Value ($000) $24 Shares 23,000
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC
Value ($000) $17 Shares 17,000
LPL Financial LLC
Value ($000) $10 Shares 10,000
OSAIC HOLDINGS, INC.
Value ($000) $1 Shares 1
ROYAL BANK OF CANADA
Value ($000) $1 Shares 1,000