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Penske Automotive Group
PAG

332 hedge funds and large institutions have $2.88B invested in Penske Automotive Group in 2023 Q1 according to their latest regulatory filings, with 41 funds opening new positions, 108 increasing their positions, 128 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

39% more capital invested

Capital invested by funds: $2.07B → $2.88B (+$810M)

28% more first-time investments, than exits

New positions opened: 41 | Existing positions closed: 32

2% more funds holding

Funds holding: 325 → 332 (+7)

0.66% more ownership

Funds ownership: 29.58% → 30.24% (+0.66%)

10% less call options, than puts

Call options by funds: $28.4M | Put options by funds: $31.7M

16% less repeat investments, than reductions

Existing positions increased: 108 | Existing positions reduced: 128

Holders
332
Holders Change
+7
Holders Change %
+2.15%
% of All Funds
5.29%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
41
Increased
108
Reduced
128
Closed
32
Calls
$28.4M
Puts
$31.7M
Net Calls
-$3.31M
Net Calls Change
+$983K

Top Buyers

Rank Fund Capital Flow
1
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$80.1M
2
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$38.6M
3
WCM
Wedge Capital Management
North Carolina
+$27.1M
4
First Trust Advisors
First Trust Advisors
Illinois
+$12.8M
5
BlackRock
BlackRock
New York
+$11.5M

Top Sellers

Rank Fund Capital Flow
1
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$48.5M
2
Goldman Sachs
Goldman Sachs
New York
-$23.3M
3
LCOV
London Company of Virginia
Virginia
-$20.1M
4
American Century Companies
American Century Companies
Missouri
-$17.5M
5
HF
HRT Financial
New York
-$12.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
AAS
301
Ameritas Advisory Services
Nebraska
$7.27K +$6.79K +51 New
AWM
302
Avior Wealth Management
Nebraska
$7.09K +$6.66K +50 New
FHA
303
First Horizon Advisors
Tennessee
$6.2K -$3.86K -29 -40%
TFGT
304
TS Financial Group (TSFG)
Illinois
$6K – – –
BWM
305
BerganKDV Wealth Management
Minnesota
$5.85K – – –
BIA
306
Bell Investment Advisors
California
$4.96K +$1.33K +10 +40%
JGIA
307
Jackson Grant Investment Advisers
Connecticut
$4.54K +$4.26K +32 New
SIC
308
SJS Investment Consulting
Ohio
$4.25K +$666 +5 +20%
RG
309
Retirement Group
California
$4K -$3.33K -25 -50%
RA
310
Rise Advisors
New York
$3.64K – – –
PFBT
311
Parkside Financial Bank & Trust
Missouri
$3.4K +$399 +3 +14%
AF
312
Advisornet Financial
Minnesota
$3.4K +$1.86K +14 +140%
DI
313
Disciplined Investments
Oklahoma
$2.98K +$399 +3 +17%
EARNEST Partners
314
EARNEST Partners
Georgia
$2.69K – – –
GWS
315
Glassman Wealth Services
Virginia
$2.27K +$266 +2 +14%
RFG
316
RFP Financial Group
Georgia
$1.99K – – –
EWA
317
EverSource Wealth Advisors
Alabama
$1.84K +$532 +4 +44%
HPC
318
HM Payson & Co
Maine
$1.7K +$1.6K +12 New
MPWT
319
MassMutual Private Wealth & Trust
Connecticut
$1.56K – – –
HCP
320
Hexagon Capital Partners
Arkansas
$1.56K +$1.46K +11 New
Kayne Anderson Rudnick Investment Management
321
Kayne Anderson Rudnick Investment Management
California
$1.13K +$1.06K +8 New
CAL
322
Capital Advisors Ltd
Ohio
$1K – – –
TFA
323
Transamerica Financial Advisors
Florida
$1K – – –
TWA
324
TCI Wealth Advisors
Arizona
$993 -$10.7K -80 -92%
Commonwealth Equity Services
325
Commonwealth Equity Services
Massachusetts
$492 -$1.06K -8 -0.2%
11 12
13
14 15

PAG Hedge Fund Activity: Q1 2023 in Review

332 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q1 2023, worth a combined $2.88B — up 39% from $2.07B a quarter earlier.

Buyers outnumbered sellers: 41 funds opened new PAG positions and 32 closed out — a net gain of 9 holders — while 108 added to existing stakes and 128 trimmed.

The largest buyer was Envestnet Asset Management, adding an estimated $80.1M. The largest seller was Dimensional Fund Advisors, cutting an estimated $48.5M.

  • 332 institutional investors held Penske Automotive Group (PAG) as of Q1 2023, up from 325 in Q4 2022.
  • Funds reported $2.88B of Penske Automotive Group stock for Q1 2023, up 39% quarter-over-quarter.
  • 41 funds opened new Penske Automotive Group positions in Q1 2023 and 32 closed out, a net change of +9 holders.
  • The largest Penske Automotive Group buyer in Q1 2023 was Envestnet Asset Management, an estimated $80.1M added.
  • The largest Penske Automotive Group seller in Q1 2023 was Dimensional Fund Advisors, an estimated $48.5M sold.

Based on aggregated 13F filings for Q1 2023.