Penske Automotive Group
205 hedge funds and large institutions have $1.54B invested in Penske Automotive Group in 2014 Q3 according to their latest regulatory filings, with 29 funds opening new positions, 85 increasing their positions, 66 reducing their positions, and 33 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
29% more repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 66
4% more call options, than puts
Call options by funds: $2.54M | Put options by funds: $2.45M
0.75% less ownership
Funds ownership: 42.67% → 41.92% (-0.75%)
2% less funds holding
Funds holding: 210 → 205 (-5)
12% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 33
19% less capital invested
Capital invested by funds: $1.9B → $1.54B (-$367M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Sirios Capital Management
Boston,
Massachusetts
|
+$32.4M |
| 2 |
First Trust Advisors
Wheaton,
Illinois
|
+$17.9M |
| 3 |
PMG
Private Management Group
Irvine,
California
|
+$14.7M |
| 4 |
Morgan Stanley
New York
|
+$12.5M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$8.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
-$24.4M |
| 2 |
SCM
Shapiro Capital Management
Atlanta,
Georgia
|
-$23M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$19.9M |
| 4 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$19.8M |
| 5 |
EA
Emerald Advisers
Leola,
Pennsylvania
|
-$13.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CCMH
226
Cornerstone Capital Management Holdings
New York
| – | -$301K | -6,100 | Closed |
|
|
PCM
227
Portolan Capital Management
Boston,
Massachusetts
| – | -$259K | -5,237 | Closed |
|
228
Prudential Financial
Newark,
New Jersey
| – | -$254K | -5,141 | Closed |
|
|
EMG
229
Ellington Management Group
Old Greenwich,
Connecticut
| – | -$233K | -4,700 | Closed |
|
|
JG
230
Jefferies Group
New York
| – | -$214K | -4,323 | Closed |
|
|
PI
231
Placemark Investments
Chicago,
Illinois
| – | -$206K | -4,133 | Closed |
|
|
TC
232
TradeLink Capital
Chicago,
Illinois
| – | -$178K | -3,600 | Closed |
|
|
PAM
233
Panagora Asset Management
Boston,
Massachusetts
| – | -$133K | -2,690 | Closed |
|
|
GSC
234
Ground Swell Capital
Folly Beach,
South Carolina
| – | -$22K | -453 | Closed |
|
|
BRWA
235
B. Riley Wealth Advisors
Boca Raton,
Florida
| – | -$15.4K | -312 | Closed |
|
236
BNP Paribas Financial Markets
Paris,
France
| – | -$5.05K | -102 | Closed |
|
|
RFS
237
Rockefeller Financial Services
New York
| – | -$1K | -12 | Closed |
|
PAG Hedge Fund Activity: Q3 2014 in Review
205 of the 3,448 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q3 2014, worth a combined $1.54B — down 19% from $1.9B a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of PAG and 29 opened new positions — a net loss of 4 holders — while 66 trimmed existing stakes and 85 added.
The largest buyer was Sirios Capital Management, adding an estimated $32.4M. The largest seller was Northern Trust, cutting an estimated $24.4M.
- 205 institutional investors held Penske Automotive Group (PAG) as of Q3 2014, down from 210 in Q2 2014.
- Funds reported $1.54B of Penske Automotive Group stock for Q3 2014, down 19% quarter-over-quarter.
- 29 funds opened new Penske Automotive Group positions in Q3 2014 and 33 closed out, a net change of -4 holders.
- The largest Penske Automotive Group buyer in Q3 2014 was Sirios Capital Management, an estimated $32.4M added.
- The largest Penske Automotive Group seller in Q3 2014 was Northern Trust, an estimated $24.4M sold.
Based on aggregated 13F filings for Q3 2014.