Sandler Capital Management’s Penske Automotive Group PAG Stock Holding History

Sandler Capital Management’s Portfolio PAG Stock Details PAG Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-39,240	Closed	-$2.02M	–	219
2015 Q1	$2.02M	Sell	39,240 -63,360	-62%	-$3.12M	0.12%	178
2014 Q4	$5.04M	Buy	+102,600	New	+$4.68M	0.27%	132
2014 Q3	–	Sell	-186,200	Closed	-$9.22M	–	217
2014 Q2	$9.22M	Sell	186,200 -57,000	-23%	-$2.6M	0.39%	105
2014 Q1	$10.4M	Buy	+243,200	New	+$10.6M	0.37%	108
2013 Q4	–	Sell	-247,700	Closed	-$10.6M	–	209
2013 Q3	$10.6M	Buy	+247,700	New	+$9.48M	0.34%	112

Other funds holding PAG

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BAM

Burgundy Asset Management Toronto, Ontario, Canada $10.6B AUM 13.39% 1-Year Est. Return

Capital Research Global Investors Los Angeles, California $645B AUM 30.41% 1-Year Est. Return

Victory Capital Management San Antonio, Texas $156B AUM 27.51% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

Lord, Abbett & Co Jersey City, New Jersey $30.6B AUM 57.44% 1-Year Est. Return

KAM

Keeley Asset Management Chicago, Illinois $2.35B AUM 26.92% 1-Year Est. Return

BAMCO Inc New York $33.1B AUM 11.16% 1-Year Est. Return

GAMCO Investors Greenwich, Connecticut $10.2B AUM 30.27% 1-Year Est. Return

Sandler Capital Management's PAG Position: Q2 2015 in Review

Sandler Capital Management sold out of Penske Automotive Group (PAG) in Q2 2015, closing a stake of 39,240 shares — an estimated $2.02M sold.

Sandler Capital Management first reported a position in PAG in Q3 2013 and held it in 5 quarters. The position peaked at $10.6M in Q3 2013. 209 funds tracked by Wall St. Rank hold PAG as of Q2 2015.

Sandler Capital Management reported no remaining Penske Automotive Group position as of Q2 2015 after selling out during the quarter.
Sandler Capital Management sold 39,240 Penske Automotive Group shares in Q2 2015, an estimated $2.02M.
Sandler Capital Management first reported a position in Penske Automotive Group in Q3 2013 and held it in 5 quarters.
Sandler Capital Management's Penske Automotive Group position peaked at $10.6M in Q3 2013.
209 funds tracked by Wall St. Rank held Penske Automotive Group as of Q2 2015.

Based on Sandler Capital Management's 13F filing for Q2 2015, filed 14 Aug 2015.