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Penske Automotive Group
PAG

260 hedge funds and large institutions have $1.66B invested in Penske Automotive Group in 2019 Q1 according to their latest regulatory filings, with 40 funds opening new positions, 90 increasing their positions, 93 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

468% more call options, than puts

Call options by funds: $11.5M | Put options by funds: $2.03M

11% more capital invested

Capital invested by funds: $1.49B → $1.66B (+$166M)

0.53% more ownership

Funds ownership: 43.65% → 44.17% (+0.53%)

0% more first-time investments, than exits

New positions opened: 40 | Existing positions closed: 40

3% less repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 93

2% less funds holding

Funds holding: 264 → 260 (-4)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
260
Holders Change
-4
Holders Change %
-1.52%
% of All Funds
5.63%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
40
Increased
90
Reduced
93
Closed
40
Calls
$11.5M
Puts
$2.03M
Net Calls
+$9.5M
Net Calls Change
+$2.85M

Top Buyers

Rank Fund Capital Flow
1
CVA
Ceredex Value Advisors
Florida
+$29.1M
2
Bank of America
Bank of America
North Carolina
+$22.2M
3
Two Sigma Investments
Two Sigma Investments
New York
+$10.6M
4
Goldman Sachs
Goldman Sachs
New York
+$10.2M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$9.94M

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$22.8M
2
Victory Capital Management
Victory Capital Management
Texas
-$17.5M
3
Marshall Wace
Marshall Wace
United Kingdom
-$12.7M
4
Citadel Advisors
Citadel Advisors
Florida
-$11.8M
5
PFMOSF
Philadelphia Financial Management of San Francisco
California
-$10.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
LB
226
Legacy Bridge
Iowa
$13K +$13.3K +300 New
FHA
227
First Horizon Advisors
Tennessee
$12K – – –
PCG
228
Private Capital Group
Connecticut
$12K +$12.1K +273 New
MC
229
Machina Capital
France
$11K +$11.1K +250 New
Northwestern Mutual Wealth Management
230
Northwestern Mutual Wealth Management
Wisconsin
$10K -$2.3K -52 -19%
RIA
231
Realta Investment Advisors
Delaware
$9K +$8.86K +200 New
AIM
232
Assured Investment Management
New York
$7K -$233K -5,253 -97%
NSIM
233
North Star Investment Management
Illinois
$7K – – –
VFA
234
Valeo Financial Advisors
Indiana
$6K – – –
IA
235
IFP Advisors
Florida
$5K -$814K -18,369 -99%
CFA
236
Carroll Financial Associates
North Carolina
$4K – – –
Fidelity International
237
Fidelity International
Bermuda
$4K – – –
GWM
238
Geneos Wealth Management
Colorado
$4K – – –
SMFS
239
Squar Milner Financial Services
California
$4K – – –
FGAM
240
Financial Gravity Asset Management
Texas
$4K +$3.81K +86 New
NFG
241
Next Financial Group
Texas
$3K -$3.68K -83 -58%
MA
242
MCF Advisors
Kentucky
$3K +$2.48K +56 New
NFH
243
NEXT Financial Holdings
Texas
$3K +$2.66K +60 New
MIM
244
MetLife Investment Management
New Jersey
$2.14K – – –
Carson Wealth (CWM LLC)
245
Carson Wealth (CWM LLC)
Nebraska
$2K -$15.3K -346 -92%
WOC
246
West Oak Capital
California
$2K – – –
ASN
247
Advisory Services Network
Georgia
$2K +$44 +1 +2%
FHA
248
Flagship Harbor Advisors
Massachusetts
$2K +$44 +1 +2%
GSWM
249
Golden State Wealth Management
California
$2K +$1.68K +38 New
ZB
250
Zions Bancorporation
Utah
$1K -$23.3K -526 -94%
8 9
10
11 12

PAG Hedge Fund Activity: Q1 2019 in Review

260 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q1 2019, worth a combined $1.66B — up 11% from $1.49B a quarter earlier.

Fund positioning in PAG was balanced in Q1 2019: 40 funds opened new positions, 40 closed out, 90 added to existing stakes and 93 trimmed.

The largest buyer was Ceredex Value Advisors, opening a new position worth an estimated $29.1M. The largest seller was BlackRock, cutting an estimated $22.8M.

  • 260 institutional investors held Penske Automotive Group (PAG) as of Q1 2019, down from 264 in Q4 2018.
  • Funds reported $1.66B of Penske Automotive Group stock for Q1 2019, up 11% quarter-over-quarter.
  • 40 funds opened new Penske Automotive Group positions in Q1 2019 and 40 closed out, a net change of 0 holders.
  • The largest Penske Automotive Group buyer in Q1 2019 was Ceredex Value Advisors, an estimated $29.1M added.
  • The largest Penske Automotive Group seller in Q1 2019 was BlackRock, an estimated $22.8M sold.

Based on aggregated 13F filings for Q1 2019.