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Penske Automotive Group

365 hedge funds and large institutions have $2.85B invested in Penske Automotive Group in 2023 Q4 according to their latest regulatory filings, with 52 funds opening new positions, 103 increasing their positions, 142 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

266% more call options, than puts

Call options by funds: $43.3M | Put options by funds: $11.8M

37% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 38

3% more funds holding

Funds holding: 354365 (+11)

0.51% less ownership

Funds ownership: 26.9%26.39% (-0.51%)

6% less capital invested

Capital invested by funds: $3.02B → $2.85B (-$178M)

27% less repeat investments, than reductions

Existing positions increased: 103 | Existing positions reduced: 142

60% less funds holding in top 10

Funds holding in top 10: 52 (-3)

Holders
365
Holders Change
+11
Holders Change %
+3.11%
% of All Funds
5.32%
Holding in Top 10
2
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-60%
% of All Funds
0.03%
New
52
Increased
103
Reduced
142
Closed
38
Calls
$43.3M
Puts
$11.8M
Net Calls
+$31.5M
Net Calls Change
-$34.9M
Name Holding Trade Value Shares
Change
Change in
Stake
Carson Wealth (CWM LLC)
226
Carson Wealth (CWM LLC)
Nebraska
$353K -$7.35K -48 -2%
DA
227
Duality Advisers
Florida
$352K +$336K +2,195 New
TCM
228
Teza Capital Management
Illinois
$343K +$53.8K +351 +20%
IAA
229
Independent Advisor Alliance
North Carolina
$341K
EI
230
Ethic Inc
New York
$340K +$66.5K +434 +26%
Federated Hermes
231
Federated Hermes
Pennsylvania
$338K -$42.1K -275 -12%
SOADOR
232
State of Alaska Department of Revenue
Alaska
$337K -$36K -235 -10%
ECM
233
EMC Capital Management
Texas
$333K
JIC
234
Johnson Investment Counsel
Ohio
$325K
Mariner
235
Mariner
Kansas
$325K -$14.7K -96 -5%
CPC
236
Cookson Peirce & Co
Pennsylvania
$322K +$59K +385 +24%
DCM
237
Donaldson Capital Management
Indiana
$312K
State of Wisconsin Investment Board
238
State of Wisconsin Investment Board
Wisconsin
$307K -$66K -431 -18%
PAM
239
Panagora Asset Management
Massachusetts
$299K
MAM
240
Martingale Asset Management
Massachusetts
$296K -$615K -4,015 -69%
EWA
241
EP Wealth Advisors
California
$294K -$306 -2 -0.1%
QC
242
Quent Capital
New York
$294K +$14.7K +96 +6%
MGIA
243
Moneta Group Investment Advisors
Missouri
$294K
NFG
244
Nations Financial Group
Iowa
$292K +$1.69K +11 +0.6%
BEAM
245
Baker Ellis Asset Management
Washington
$289K -$30.6K -200 -10%
AWM
246
Apollon Wealth Management
South Carolina
$287K +$10.4K +68 +4%
PI
247
PEAK6 Investments
Illinois
$281K +$268K +1,750 New
CAPTRUST Financial Advisors
248
CAPTRUST Financial Advisors
North Carolina
$278K +$14.7K +96 +6%
DCM
249
Delta Capital Management
New Jersey
$274K -$1.53K -10 -0.6%
US Bancorp
250
US Bancorp
Minnesota
$271K +$8.12K +53 +3%

PAG Hedge Fund Activity: Q4 2023 in Review

365 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q4 2023, worth a combined $2.85B — down 5.9% from $3.02B a quarter earlier.

Buyers outnumbered sellers: 52 funds opened new PAG positions and 38 closed out — a net gain of 14 holders — while 103 added to existing stakes and 142 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $65.6M. The largest seller was Dimensional Fund Advisors, cutting an estimated $47.1M.

  • 365 institutional investors held Penske Automotive Group (PAG) as of Q4 2023, up from 354 in Q3 2023.
  • Funds reported $2.85B of Penske Automotive Group stock for Q4 2023, down 5.9% quarter-over-quarter.
  • 52 funds opened new Penske Automotive Group positions in Q4 2023 and 38 closed out, a net change of +14 holders.
  • The largest Penske Automotive Group buyer in Q4 2023 was Morgan Stanley, an estimated $65.6M added.
  • The largest Penske Automotive Group seller in Q4 2023 was Dimensional Fund Advisors, an estimated $47.1M sold.

Based on aggregated 13F filings for Q4 2023.