Top 5 Stock Picks of Kenneth Tropin’s Graham Capital Management

2. Penn National Gaming, Inc (NASDAQ:PENN)

Graham Capital’s Stake Value: $53.72 million

Percent of 13F Portfolio: 2.73%

Number of Hedge Fund Holders: 40

Penn National Gaming, Inc (NASDAQ:PENN) is a gaming and racing conglomerate that operates video gaming terminals. As of December 31, 2020, the company owned 41 gaming properties across 19 states.

Penn National Gaming, Inc (NASDAQ:PENN) reported an EPS of $0.52 in the third quarter of 2021, missing the market consensus by -$0.37. On November 12, 2021, Deutsche Bank upgraded its rating on Penn National Gaming, Inc (NASDAQ:PENN) to “Hold” from “Sell” and set its price target to $31.

With 741,447 shares, Penn National Gaming, Inc (NASDAQ:PENN) accounts for 2.73% of the portfolio of Graham Capital Management as of the third quarter of 2021.  Insider monkey tracked 40 hedge funds having stakes in Penn National Gaming, Inc (NASDAQ:PENN), valued at $1.039 billion in the June quarter of 2021.