Vanguard Capital Management Acquires 5.23% Stake in Penn Entertainment Inc

Vanguard Capital Management LLC filed a Schedule 13G on April 30, 2026, reporting a new 5.23% ownership stake in Penn Entertainment Inc (PENN). As of the event date on March 31, 2026, Vanguard beneficially owns 6,992,425 shares of Common Stock. This position represents a significant increase from a previously reported 0.0% stake. The filing indicates that Vanguard holds sole dispositive power over all 6,992,425 shares, while maintaining sole voting power over 965,427 shares. The shares were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer. The reporting entity includes various affiliates such as Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. No other single person's interest in these securities exceeds 5%. This filing marks Vanguard's emergence as a major institutional shareholder in the gaming and entertainment company.