Penske Automotive Group
204 hedge funds and large institutions have $1.28B invested in Penske Automotive Group in 2016 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 67 increasing their positions, 85 reducing their positions, and 62 closing their positions.
1.58% less ownership
Funds ownership: 42.51% → 40.93% (-1.6%)
14% less funds holding
Funds holding: 238 → 204 (-34)
18% less capital invested
Capital invested by funds: $1.57B → $1.28B (-$287M)
21% less repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 85
35% less call options, than puts
Call options by funds: $5.59M | Put options by funds: $8.62M
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
53% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 62
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CI
Cambiar Investors
Denver,
Colorado
|
+$27.9M |
| 2 |
HAM
HHR Asset Management
Berkeley Heights,
New Jersey
|
+$12.3M |
| 3 |
USAA
United Services Automobile Association
San Antonio,
Texas
|
+$9.04M |
| 4 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
+$7.36M |
| 5 |
DS
Dudley & Shanley
Palm Beach,
Florida
|
+$7.03M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$27.6M |
| 2 |
TAM
Todd Asset Management
Louisville,
Kentucky
|
-$25.3M |
| 3 |
BAMCO Inc
New York
|
-$16.9M |
| 4 |
TRSOTSOK
Teachers Retirement System of the State of Kentucky
Frankfort,
Kentucky
|
-$15.2M |
| 5 |
RIM
Rainier Investment Management
Seattle,
Washington
|
-$12.5M |
PAG Hedge Fund Activity: Q1 2016 in Review
204 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q1 2016, worth a combined $1.28B — down 18% from $1.57B a quarter earlier.
Sellers outnumbered buyers: 62 funds closed out of PAG and 29 opened new positions — a net loss of 33 holders — while 85 trimmed existing stakes and 67 added.
The largest buyer was Cambiar Investors, opening a new position worth an estimated $27.9M. The largest seller was Lord, Abbett & Co, cutting an estimated $27.6M.
- 204 institutional investors held Penske Automotive Group (PAG) as of Q1 2016, down from 238 in Q4 2015.
- Funds reported $1.28B of Penske Automotive Group stock for Q1 2016, down 18% quarter-over-quarter.
- 29 funds opened new Penske Automotive Group positions in Q1 2016 and 62 closed out, a net change of -33 holders.
- The largest Penske Automotive Group buyer in Q1 2016 was Cambiar Investors, an estimated $27.9M added.
- The largest Penske Automotive Group seller in Q1 2016 was Lord, Abbett & Co, an estimated $27.6M sold.
Based on aggregated 13F filings for Q1 2016.