Asbury Automotive
ABG
174 hedge funds and large institutions have $1.15B invested in Asbury Automotive in 2020 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 59 increasing their positions, 56 reducing their positions, and 49 closing their positions.
2.92% more ownership
Funds ownership: 105.25% → 108.17% (+2.9%)
5% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 56
11% less funds holding
Funds holding: 196 → 174 (-22)
39% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 49
50% less capital invested
Capital invested by funds: $2.28B → $1.15B (-$1.13B)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
51% less call options, than puts
Call options by funds: $3.15M | Put options by funds: $6.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
Eminence Capital
New York
|
+$54.1M |
| 2 |
Morgan Stanley
New York
|
+$24.2M |
| 3 |
IC
Impactive Capital
New York City,
New York
|
+$23.4M |
| 4 |
ACM
Abrams Capital Management
Boston,
Massachusetts
|
+$18.8M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$17.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$25.1M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$18.2M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$13.6M |
| 4 |
Goldman Sachs
New York
|
-$12M |
| 5 |
BlackRock
New York
|
-$11M |
ABG Hedge Fund Activity: Q1 2020 in Review
174 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Asbury Automotive (ABG) for Q1 2020, worth a combined $1.15B — down 50% from $2.28B a quarter earlier.
Sellers outnumbered buyers: 49 funds closed out of ABG and 30 opened new positions — a net loss of 19 holders — while 56 trimmed existing stakes and 59 added.
The largest buyer was Eminence Capital, adding an estimated $54.1M. The largest seller was Lord, Abbett & Co, exiting entirely with an estimated $25.1M sold.
- 174 institutional investors held Asbury Automotive (ABG) as of Q1 2020, down from 196 in Q4 2019.
- Funds reported $1.15B of Asbury Automotive stock for Q1 2020, down 50% quarter-over-quarter.
- 30 funds opened new Asbury Automotive positions in Q1 2020 and 49 closed out, a net change of -19 holders.
- The largest Asbury Automotive buyer in Q1 2020 was Eminence Capital, an estimated $54.1M added.
- The largest Asbury Automotive seller in Q1 2020 was Lord, Abbett & Co, an estimated $25.1M sold.
Based on aggregated 13F filings for Q1 2020.