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Penske Automotive Group
PAG

348 hedge funds and large institutions have $3.08B invested in Penske Automotive Group in 2023 Q2 according to their latest regulatory filings, with 48 funds opening new positions, 91 increasing their positions, 137 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

473% more call options, than puts

Call options by funds: $54.5M | Put options by funds: $9.51M

60% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 30

7% more capital invested

Capital invested by funds: $2.88B → $3.08B (+$202M)

5% more funds holding

Funds holding: 332 → 348 (+16)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

3.43% less ownership

Funds ownership: 30.24% → 26.81% (-3.4%)

34% less repeat investments, than reductions

Existing positions increased: 91 | Existing positions reduced: 137

Holders
348
Holders Change
+16
Holders Change %
+4.82%
% of All Funds
5.46%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
48
Increased
91
Reduced
137
Closed
30
Calls
$54.5M
Puts
$9.51M
Net Calls
+$45M
Net Calls Change
+$48.3M

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$15.7M
2
Jane Street
Jane Street
New York
+$9.03M
3
Tudor Investment Corp
Tudor Investment Corp
Connecticut
+$7.19M
4
Squarepoint
Squarepoint
New York
+$6.29M
5
ACM
Arosa Capital Management
Florida
+$3.05M

Top Sellers

Rank Fund Capital Flow
1
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$87.6M
2
Bank of America
Bank of America
North Carolina
-$26.3M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$24.7M
4
Vanguard Group
Vanguard Group
Pennsylvania
-$24.7M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$21.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
DMBA
301
Deseret Mutual Benefit Administrators
Utah
$19.8K – – –
GRP
302
Global Retirement Partners
California
$17.5K – – –
BTI
303
Blue Trust Inc
Georgia
$17K -$52.1K -359 -75%
MSFP
304
Mark Sheptoff Financial Planning
Connecticut
$16.7K – – –
PA
305
PSI Advisors
Florida
$16.7K +$14.5K +100 New
LC
306
Lindbrook Capital
California
$14.7K +$290 +2 +2%
National Bank of Canada
307
National Bank of Canada
Quebec, Canada
$14.5K -$435 -3 -3%
C
308
Covestor
United Kingdom
$14K – – –
FGAM
309
Financial Gravity Asset Management
Texas
$13.9K +$3.63K +25 +18%
VWM
310
Venturi Wealth Management
Texas
$13.5K – – –
NSIM
311
North Star Investment Management
Illinois
$13.3K -$4.35K -30 -27%
RWPA
312
Richard W. Paul & Associates
Michigan
$13.3K – – –
SFG
313
Steward Financial Group
Texas
$13K – – –
JWA
314
JFS Wealth Advisors
Pennsylvania
$12.5K -$290 -2 -3%
PTC
315
Private Trust Company
Ohio
$12.3K -$145 -1 -1%
FFA
316
Farther Finance Advisors
California
$9.5K – – –
CFO
317
CVA Family Office
Colorado
$9.16K – – –
AWM
318
Avior Wealth Management
Nebraska
$8.33K – – –
FHA
319
First Horizon Advisors
Tennessee
$7.29K – – –
TFGT
320
TS Financial Group (TSFG)
Illinois
$7K – – –
AI
321
AXS Investments
New York
$6.67K +$5.8K +40 New
BIA
322
Bell Investment Advisors
California
$6.5K +$580 +4 +11%
JGIA
323
Jackson Grant Investment Advisers
Connecticut
$5.33K – – –
SIS
324
Sound Income Strategies
Florida
$5.17K +$4.5K +31 New
SIC
325
SJS Investment Consulting
Ohio
$4.17K -$725 -5 -17%
11 12
13
14 15

PAG Hedge Fund Activity: Q2 2023 in Review

348 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q2 2023, worth a combined $3.08B — up 7% from $2.88B a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new PAG positions and 30 closed out — a net gain of 18 holders — while 91 added to existing stakes and 137 trimmed.

The largest buyer was Millennium Management, adding an estimated $15.7M. The largest seller was Envestnet Asset Management, cutting an estimated $87.6M.

  • 348 institutional investors held Penske Automotive Group (PAG) as of Q2 2023, up from 332 in Q1 2023.
  • Funds reported $3.08B of Penske Automotive Group stock for Q2 2023, up 7% quarter-over-quarter.
  • 48 funds opened new Penske Automotive Group positions in Q2 2023 and 30 closed out, a net change of +18 holders.
  • The largest Penske Automotive Group buyer in Q2 2023 was Millennium Management, an estimated $15.7M added.
  • The largest Penske Automotive Group seller in Q2 2023 was Envestnet Asset Management, an estimated $87.6M sold.

Based on aggregated 13F filings for Q2 2023.