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Penske Automotive Group
PAG

259 hedge funds and large institutions have $1.75B invested in Penske Automotive Group in 2018 Q3 according to their latest regulatory filings, with 44 funds opening new positions, 90 increasing their positions, 77 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

448% more call options, than puts

Call options by funds: $12.8M | Put options by funds: $2.35M

83% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 24

17% more repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 77

8% more funds holding

Funds holding: 240 → 259 (+19)

3% more capital invested

Capital invested by funds: $1.7B → $1.75B (+$48.7M)

0.78% more ownership

Funds ownership: 42.64% → 43.42% (+0.78%)

Holders
259
Holders Change
+19
Holders Change %
+7.92%
% of All Funds
5.92%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
44
Increased
90
Reduced
77
Closed
24
Calls
$12.8M
Puts
$2.35M
Net Calls
+$10.5M
Net Calls Change
+$511K

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$28.6M
2
Victory Capital Management
Victory Capital Management
Texas
+$21M
3
Marshall Wace
Marshall Wace
United Kingdom
+$18.9M
4
JP Morgan Chase
JP Morgan Chase
New York
+$10.4M
5
Norges Bank
Norges Bank
Norway
+$6.18M

Top Sellers

Rank Fund Capital Flow
1
FMI
Fiduciary Management Inc
Wisconsin
-$16.6M
2
PFMOSF
Philadelphia Financial Management of San Francisco
California
-$13.9M
3
CB
Cooke & Bieler
Pennsylvania
-$10.1M
4
LCOV
London Company of Virginia
Virginia
-$9.89M
5
Deutsche Bank
Deutsche Bank
Germany
-$9.57M
Name Holding Trade Value Shares
Change 		Change in
Stake
Carson Wealth (CWM LLC)
226
Carson Wealth (CWM LLC)
Nebraska
$18K +$19.1K +376 New
JA
227
JOYN Advisors
Georgia
$17K – – –
S
228
SignatureFD
Georgia
$15K +$3.41K +67 +27%
FDCDDQ
229
Federation des caisses Desjardins du Quebec
Quebec, Canada
$14.2K – – –
PHK
230
Point72 Hong Kong
Hong Kong
$14K +$4.98K +98 +49%
Northwestern Mutual Wealth Management
231
Northwestern Mutual Wealth Management
Wisconsin
$13K – – –
PCG
232
Private Capital Group
Connecticut
$13K – – –
Barrow, Hanley, Mewhinney & Strauss
233
Barrow, Hanley, Mewhinney & Strauss
Texas
$12K – – –
FHA
234
First Horizon Advisors
Tennessee
$12K – – –
FHA
235
Flagship Harbor Advisors
Massachusetts
$12K – – –
WC
236
Whitney & Co
New York
$10K – – –
PA
237
Parallel Advisors
California
$9K +$9.3K +183 New
BAM
238
Barrett Asset Management
New York
$9K +$10.2K +200 New
BBHC
239
Brown Brothers Harriman & Co
New York
$7K – – –
NSIM
240
North Star Investment Management
Illinois
$7K – – –
WSTAM
241
Wilbanks Smith & Thomas Asset Management
Virginia
$7K +$7.27K +143 New
VFA
242
Valeo Financial Advisors
Indiana
$6K – – –
Toronto Dominion Bank
243
Toronto Dominion Bank
Ontario, Canada
$6K +$3.05K +60 +100%
ASN
244
Advisory Services Network
Georgia
$5K – – –
SMFS
245
Squar Milner Financial Services
California
$5K – – –
Fidelity International
246
Fidelity International
Bermuda
$5K +$5.08K +100 New
GWM
247
Geneos Wealth Management
Colorado
$4K – – –
VIA
248
Vantage Investment Advisors
Pennsylvania
$3K – – –
MIM
249
Macroview Investment Management
Maryland
$3K +$153 +3 +4%
WOC
250
West Oak Capital
California
$2.51K – – –
8 9
10
11 12

PAG Hedge Fund Activity: Q3 2018 in Review

259 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q3 2018, worth a combined $1.75B — up 2.9% from $1.7B a quarter earlier.

Buyers outnumbered sellers: 44 funds opened new PAG positions and 24 closed out — a net gain of 20 holders — while 90 added to existing stakes and 77 trimmed.

The largest buyer was BlackRock, adding an estimated $28.6M. The largest seller was Fiduciary Management Inc, cutting an estimated $16.6M.

  • 259 institutional investors held Penske Automotive Group (PAG) as of Q3 2018, up from 240 in Q2 2018.
  • Funds reported $1.75B of Penske Automotive Group stock for Q3 2018, up 2.9% quarter-over-quarter.
  • 44 funds opened new Penske Automotive Group positions in Q3 2018 and 24 closed out, a net change of +20 holders.
  • The largest Penske Automotive Group buyer in Q3 2018 was BlackRock, an estimated $28.6M added.
  • The largest Penske Automotive Group seller in Q3 2018 was Fiduciary Management Inc, an estimated $16.6M sold.

Based on aggregated 13F filings for Q3 2018.