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Penske Automotive Group
PAG

354 hedge funds and large institutions have $3.02B invested in Penske Automotive Group in 2023 Q3 according to their latest regulatory filings, with 52 funds opening new positions, 110 increasing their positions, 126 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

210% more call options, than puts

Call options by funds: $98M | Put options by funds: $31.6M

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

18% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 44

2% more funds holding

Funds holding: 348 → 354 (+6)

0.09% more ownership

Funds ownership: 26.81% → 26.9% (+0.09%)

2% less capital invested

Capital invested by funds: $3.08B → $3.02B (-$51.9M)

13% less repeat investments, than reductions

Existing positions increased: 110 | Existing positions reduced: 126

Holders
354
Holders Change
+6
Holders Change %
+1.72%
% of All Funds
5.62%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.08%
New
52
Increased
110
Reduced
126
Closed
44
Calls
$98M
Puts
$31.6M
Net Calls
+$66.4M
Net Calls Change
+$21.3M

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$144M
2
State Street
State Street
Massachusetts
+$31.5M
3
Invesco
Invesco
Georgia
+$30.4M
4
Bank of New York Mellon
Bank of New York Mellon
New York
+$14.7M
5
Principal Financial Group
Principal Financial Group
Iowa
+$11.8M

Top Sellers

Rank Fund Capital Flow
1
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$49.5M
2
BAM
Burgundy Asset Management
Ontario, Canada
-$49.4M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$39.9M
4
Millennium Management
Millennium Management
New York
-$28.4M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$20.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Mariner
226
Mariner
Kansas
$354K +$7.69K +46 +2%
Pacer Advisors
227
Pacer Advisors
Pennsylvania
$354K +$355K +2,121 New
ECM
228
EMC Capital Management
Texas
$346K -$44.3K -265 -11%
SSA
229
Schonfeld Strategic Advisors
New York
$344K -$7.34M -43,886 -96%
JIC
230
Johnson Investment Counsel
Ohio
$339K – – –
BEAM
231
Baker Ellis Asset Management
Washington
$334K -$50.2K -300 -13%
DCM
232
Donaldson Capital Management
Indiana
$325K – – –
PAM
233
Panagora Asset Management
Massachusetts
$311K – – –
FIM
234
Freedom Investment Management
Connecticut
$310K -$170K -1,015 -35%
DFCM
235
Dark Forest Capital Management
Puerto Rico
$307K -$1.26M -7,512 -80%
EWA
236
EP Wealth Advisors
California
$307K -$3M -17,953 -91%
MGIA
237
Moneta Group Investment Advisors
Missouri
$306K -$9.7K -58 -3%
NFG
238
Nations Financial Group
Iowa
$302K -$139K -833 -32%
OTPPB
239
Ontario Teachers' Pension Plan Board
Ontario, Canada
$301K +$302K +1,803 New
TCM
240
Teza Capital Management
Illinois
$298K +$299K +1,785 New
KAS
241
Kestra Advisory Services
Texas
$293K +$1.5K +9 +0.5%
QC
242
Quent Capital
New York
$290K +$24.4K +146 +9%
DCM
243
Delta Capital Management
New Jersey
$287K -$90.3K -540 -24%
AWM
244
Apollon Wealth Management
South Carolina
$287K -$836 -5 -0.3%
AF
245
Allworth Financial
California
$284K +$167 +1 +0.1%
EI
246
Ethic Inc
New York
$282K -$28.4K -170 -9%
IA
247
IFP Advisors
Florida
$280K +$8.53K +51 +3%
BL
248
BFSG LLC
California
$280K +$281K +1,678 New
SAM
249
Securian Asset Management
Minnesota
$276K +$276K +1,653 New
US Bancorp
250
US Bancorp
Minnesota
$273K +$5.52K +33 +2%
8 9
10
11 12

PAG Hedge Fund Activity: Q3 2023 in Review

354 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q3 2023, worth a combined $3.02B — down 1.7% from $3.08B a quarter earlier.

Buyers outnumbered sellers: 52 funds opened new PAG positions and 44 closed out — a net gain of 8 holders — while 110 added to existing stakes and 126 trimmed.

The largest buyer was BlackRock, adding an estimated $144M. The largest seller was Arrowstreet Capital, exiting entirely with an estimated $49.5M sold.

  • 354 institutional investors held Penske Automotive Group (PAG) as of Q3 2023, up from 348 in Q2 2023.
  • Funds reported $3.02B of Penske Automotive Group stock for Q3 2023, down 1.7% quarter-over-quarter.
  • 52 funds opened new Penske Automotive Group positions in Q3 2023 and 44 closed out, a net change of +8 holders.
  • The largest Penske Automotive Group buyer in Q3 2023 was BlackRock, an estimated $144M added.
  • The largest Penske Automotive Group seller in Q3 2023 was Arrowstreet Capital, an estimated $49.5M sold.

Based on aggregated 13F filings for Q3 2023.