The Cayman-based fund disclosed a 1.4 million-share position in PENN, marking its first investment in the gaming operator.
Palidye Holdings (Caymans) Ltd acquired 1.4 million shares of PENN Entertainment (NASDAQ:PENN) during the first quarter, establishing a $21.04 million position as of March 31, 2026. The stake represents 3.9% of the fund’s 13F assets under management, according to a May 15, 2026 SEC filing.
This marks Palidye’s first investment in PENN, which operates land-based casinos and digital wagering platforms across North America. The fund’s top holdings remain NASDAQ:NVDA ($257.89 million), NASDAQ:META ($123.17 million), and NASDAQ:MSFT ($114.19 million). PENN shares closed at $15.83 on May 14, 2026, reflecting a 2.2% decline over the past year.