What smart money is saying about Entain
ENT.L
No fund has written a full thesis on Entain in our archive, but 5 fund letters report a position in it — most recently Artemis UK Special Situations in March 2026.
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5
Reported positions
2
Bought
0
Sold
5
Letters
Position history
Between Q2 2025 and Q1 2026, 5 fund letters reported a position in Entain — 2 opened or added to the position.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q1 2026 | 1 | 1 | 0 | 0 |
| Q3 2025 | 1 | 1 | 0 | 0 |
| Q2 2025 | 3 | 0 | 0 | 0 |
Fund activity · 5 positions · 2 moves
- March 2026
“Betting companies Entain and Flutter Entertainment sold off for two main reasons: the increase in gaming duty announced in the UK's late-November Budget; and the rapid growth of prediction markets in the US. In the short term, both businesses can mitigate the impact of tax changes through cost-saving measures such as reducing sponsorship. Over time, we expect both companies will gain market share as smaller operators exit. The second negative, as mentioned, was the competitive threat from the rapid growth of prediction markets in the US. Led by Polymarket and Kalshi, these exchanges allow customers in states that have not yet legalised online sports betting to speculate on a range of events, including sports. In response to the weakness, we added to the existing holding in Entain and started a new holding in Flutter Entertainment.”
Entain - New positionClearbridge International Value StrategySeptember 2025
“During the quarter, in addition to the transactions mentioned above, the Strategy initiated a new position in Entain in the consumer discretionary sector and acquired Sony Financial via a spin-off in the financials sector.”
Entain - June 2025
“Entain - UK sports betting and online casino company Entain was a contributor during the quarter.”
Entain - HoldsDavis Global FundJune 2025
“Online U.K. gaming company Entain Plc was another positive contributor in consumer discretionary, with its shares up 46% in the first half.”
Entain - June 2025
“Online U.K. gaming company Entain Plc was another positive contributor in consumer discretionary, with its shares up 46% in the first half.”
Entain
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