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Asbury Automotive
ABG

313 hedge funds and large institutions have $5.16B invested in Asbury Automotive in 2023 Q3 according to their latest regulatory filings, with 38 funds opening new positions, 98 increasing their positions, 139 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

152% more call options, than puts

Call options by funds: $78M | Put options by funds: $30.9M

41% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 27

3.66% more ownership

Funds ownership: 105.27% → 108.93% (+3.7%)

2% more funds holding

Funds holding: 307 → 313 (+6)

0% more funds holding in top 10

Funds holding in top 10: 12 → 12 (0)

5% less capital invested

Capital invested by funds: $5.45B → $5.16B (-$286M)

29% less repeat investments, than reductions

Existing positions increased: 98 | Existing positions reduced: 139

Holders
313
Holders Change
+6
Holders Change %
+1.95%
% of All Funds
4.97%
Holding in Top 10
12
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.19%
New
38
Increased
98
Reduced
139
Closed
27
Calls
$78M
Puts
$30.9M
Net Calls
+$47.1M
Net Calls Change
-$6.98M

Top Buyers

1
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
+$24.8M
2
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$22.4M
3
HHAM
HITE Hedge Asset Management
Massachusetts
+$13M
4
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
+$12.1M
5
KCM
Kensico Capital Management
Connecticut
+$9.98M

Top Sellers

1
BlackRock
BlackRock
New York
-$42.6M
2
Victory Capital Management
Victory Capital Management
Texas
-$34M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$24.7M
4
MG
Magnolia Group
Nebraska
-$17.1M
5
IC
Impactive Capital
New York
-$12.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
26
Bank of America
North Carolina
$37.5M +$3.35M +14,645 +10%
Invesco
27
Invesco
Georgia
$36.9M +$617K +2,700 +2%
RA
28
Royce & Associates
New York
$35.4M -$483K -2,116 -1%
T. Rowe Price Associates
29
T. Rowe Price Associates
Maryland
$29.8M +$6.41M +28,066 +28%
JP Morgan Chase
30
JP Morgan Chase
New York
$29.6M -$2.28M -9,991 -7%
Principal Financial Group
31
Principal Financial Group
Iowa
$26.5M -$2.27M -9,918 -8%
Millennium Management
32
Millennium Management
New York
$26.3M -$4.6M -20,131 -15%
FCM
33
Frontier Capital Management
Massachusetts
$24.2M +$6.27M +27,460 +35%
KCM
34
Kensico Capital Management
Connecticut
$23.7M +$9.98M +43,700 +74%
Arrowstreet Capital
35
Arrowstreet Capital
Massachusetts
$23.5M -$10.6M -46,395 -31%
MG
36
Magnolia Group
Nebraska
$23M -$17.1M -75,000 -43%
ECM
37
Engle Capital Management
Connecticut
$23M -$228K -1,000 -1%
Ameriprise
38
Ameriprise
Minnesota
$19.4M -$2.16M -9,469 -10%
GT
39
Glenmede Trust
Pennsylvania
$18.5M -$148K -646 -0.8%
N
40
Nuveen
North Carolina
$17.2M -$286K -1,251 -2%
Legal & General Group
41
Legal & General Group
United Kingdom
$17.1M -$609K -2,667 -3%
EIP
42
Epoch Investment Partners
New York
$17.1M -$658K -2,879 -4%
New York State Common Retirement Fund
43
New York State Common Retirement Fund
New York
$16.7M +$966K +4,229 +6%
RhumbLine Advisers
44
RhumbLine Advisers
Massachusetts
$16.5M -$771K -3,377 -4%
Citadel Advisors
45
Citadel Advisors
Florida
$16.1M +$9.13M +39,974 +133%
BGIM
46
Brandywine Global Investment Management
Pennsylvania
$15M -$235K -1,029 -2%
HFS
47
Hantz Financial Services
Michigan
$13.7M -$922K -4,037 -6%
PCM
48
Peregrine Capital Management
Minnesota
$13.4M -$571K -2,501 -4%
CWM
49
Congress Wealth Management
Massachusetts
$13.2M +$127K +555 +1%
HHAM
50
HITE Hedge Asset Management
Massachusetts
$13.1M +$13M +57,101 New
1
2
3 4 5

ABG Hedge Fund Activity: Q3 2023 in Review

313 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Asbury Automotive (ABG) for Q3 2023, worth a combined $5.16B — down 5.3% from $5.45B a quarter earlier.

Buyers outnumbered sellers: 38 funds opened new ABG positions and 27 closed out — a net gain of 11 holders — while 98 added to existing stakes and 139 trimmed.

The largest buyer was Schroder Investment Management Group, adding an estimated $24.8M. The largest seller was BlackRock, cutting an estimated $42.6M.

  • 313 institutional investors held Asbury Automotive (ABG) as of Q3 2023, up from 307 in Q2 2023.
  • Funds reported $5.16B of Asbury Automotive stock for Q3 2023, down 5.3% quarter-over-quarter.
  • 38 funds opened new Asbury Automotive positions in Q3 2023 and 27 closed out, a net change of +11 holders.
  • The largest Asbury Automotive buyer in Q3 2023 was Schroder Investment Management Group, an estimated $24.8M added.
  • The largest Asbury Automotive seller in Q3 2023 was BlackRock, an estimated $42.6M sold.

Based on aggregated 13F filings for Q3 2023.