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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
BlackRock
1
BlackRock
New York
$732M -$42.6M -186,710 -6%
Vanguard Group
2
Vanguard Group
Pennsylvania
$531M -$24.7M -108,086 -4%
ACM
3
Abrams Capital Management
Massachusetts
$485M – – –
IC
4
Impactive Capital
New York
$457M -$12.9M -56,500 -3%
Neuberger Berman Group
5
Neuberger Berman Group
New York
$331M +$339K +1,484 +0.1%
Dimensional Fund Advisors
6
Dimensional Fund Advisors
Texas
$191M +$22.4M +98,023 +13%
State Street
7
State Street
Massachusetts
$181M -$6.71M -29,375 -4%
SCM
8
Simcoe Capital Management
New York
$146M -$1.51M -6,630 -1%
CAM
9
Congress Asset Management
Massachusetts
$119M -$939K -4,112 -0.8%
Capital Research Global Investors
10
Capital Research Global Investors
California
$101M -$2.69M -11,756 -3%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$97.8M +$190K +833 +0.2%
Goldman Sachs
12
Goldman Sachs
New York
$68.3M -$7.19M -31,490 -10%
Norges Bank
13
Norges Bank
Norway
$67.3M -$2.78M -12,188 -4%
Morgan Stanley
14
Morgan Stanley
New York
$66.4M +$3.28M +14,380 +5%
T. Rowe Price Investment Management
15
T. Rowe Price Investment Management
Maryland
$64.8M +$3.16M +13,827 +5%
BWA
16
Brave Warrior Advisors
New York
$63.3M -$297K -1,300 -0.5%
EC
17
Eminence Capital
New York
$59.4M -$4.72M -20,664 -7%
SAM
18
Silvercrest Asset Management
New York
$56.5M +$8.68M +38,014 +18%
Northern Trust
19
Northern Trust
Illinois
$55.3M -$2.1M -9,186 -4%
CCM
20
Channing Capital Management
Illinois
$53.2M -$1.27M -5,582 -2%
Bank of New York Mellon
21
Bank of New York Mellon
New York
$48.4M -$3.42M -14,972 -7%
Schroder Investment Management Group
22
Schroder Investment Management Group
United Kingdom
$45.7M +$24.8M +108,595 +120%
Charles Schwab
23
Charles Schwab
California
$44.5M +$1.84M +8,070 +4%
VC
24
Voss Capital
Texas
$41.3M +$2.24M +9,825 +6%
LCM
25
Lakewood Capital Management
New York
$38.9M -$4.57M -20,000 -11%
1
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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.