Asbury Automotive
ABG
300 hedge funds and large institutions have $4.94B invested in Asbury Automotive in 2023 Q1 according to their latest regulatory filings, with 67 funds opening new positions, 87 increasing their positions, 114 reducing their positions, and 36 closing their positions.
410% more call options, than puts
Call options by funds: $43.8M | Put options by funds: $8.58M
86% more first-time investments, than exits
New positions opened: 67 | Existing positions closed: 36
38% more funds holding in top 10
Funds holding in top 10: 8 → 11 (+3)
17% more capital invested
Capital invested by funds: $4.24B → $4.94B (+$700M)
10% more funds holding
Funds holding: 272 → 300 (+28)
3.63% more ownership
Funds ownership: 106.96% → 110.59% (+3.6%)
24% less repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 114
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$96.5M |
| 2 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$56.5M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$34.7M |
| 4 |
Millennium Management
New York
|
+$31.6M |
| 5 |
Goldman Sachs
New York
|
+$28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$100M |
| 2 |
Morgan Stanley
New York
|
-$68.6M |
| 3 |
IC
Impactive Capital
New York City,
New York
|
-$32.3M |
| 4 |
SSA
Schonfeld Strategic Advisors
New York
|
-$31.2M |
| 5 |
SCM
Simcoe Capital Management
New York
|
-$27.2M |
ABG Hedge Fund Activity: Q1 2023 in Review
300 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Asbury Automotive (ABG) for Q1 2023, worth a combined $4.94B — up 17% from $4.24B a quarter earlier.
Buyers outnumbered sellers: 67 funds opened new ABG positions and 36 closed out — a net gain of 31 holders — while 87 added to existing stakes and 114 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $96.5M. The largest seller was River Road Asset Management, cutting an estimated $100M.
- 300 institutional investors held Asbury Automotive (ABG) as of Q1 2023, up from 272 in Q4 2022.
- Funds reported $4.94B of Asbury Automotive stock for Q1 2023, up 17% quarter-over-quarter.
- 67 funds opened new Asbury Automotive positions in Q1 2023 and 36 closed out, a net change of +31 holders.
- The largest Asbury Automotive buyer in Q1 2023 was Envestnet Asset Management, an estimated $96.5M added.
- The largest Asbury Automotive seller in Q1 2023 was River Road Asset Management, an estimated $100M sold.
Based on aggregated 13F filings for Q1 2023.