Davidson Kempner Capital Management’s Penske Automotive Group PAG Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-137,500	Closed	-$5.58M	–	147
2014 Q3	$5.58M	Sell	137,500 -187,500	-58%	-$7.61M	0.13%	116
2014 Q2	$16.1M	Buy	325,000 +98,000	+43%	+$4.85M	0.48%	45
2014 Q1	$9.71M	Buy	+227,000	New	+$9.71M	0.35%	63