Penske Automotive Group
362 hedge funds and large institutions have $2.85B invested in Penske Automotive Group in 2024 Q1 according to their latest regulatory filings, with 40 funds opening new positions, 103 increasing their positions, 144 reducing their positions, and 43 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
96% more call options, than puts
Call options by funds: $52.4M | Put options by funds: $26.7M
0% more capital invested
Capital invested by funds: $2.85B → $2.85B (+$707K)
0.14% less ownership
Funds ownership: 26.39% → 26.25% (-0.14%)
1% less funds holding
Funds holding: 365 → 362 (-3)
7% less first-time investments, than exits
New positions opened: 40 | Existing positions closed: 43
28% less repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 144
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$54.2M |
| 2 |
BlackRock
New York
|
+$40.5M |
| 3 |
Millennium Management
New York
|
+$12.4M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$9.32M |
| 5 |
ECM
ExodusPoint Capital Management
New York
|
+$7.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$67.2M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
-$31M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
-$11.7M |
| 4 |
MPM
Meritage Portfolio Management
Overland Park,
Kansas
|
-$10.8M |
| 5 |
HW
Hancock Whitney
Gulfport,
Mississippi
|
-$8.69M |
PAG Hedge Fund Activity: Q1 2024 in Review
362 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q1 2024, worth a combined $2.85B — up 0.02% from $2.85B a quarter earlier.
Sellers outnumbered buyers: 43 funds closed out of PAG and 40 opened new positions — a net loss of 3 holders — while 144 trimmed existing stakes and 103 added.
The largest buyer was Bank of America, adding an estimated $54.2M. The largest seller was Morgan Stanley, cutting an estimated $67.2M.
- 362 institutional investors held Penske Automotive Group (PAG) as of Q1 2024, down from 365 in Q4 2023.
- Funds reported $2.85B of Penske Automotive Group stock for Q1 2024, up 0.02% quarter-over-quarter.
- 40 funds opened new Penske Automotive Group positions in Q1 2024 and 43 closed out, a net change of -3 holders.
- The largest Penske Automotive Group buyer in Q1 2024 was Bank of America, an estimated $54.2M added.
- The largest Penske Automotive Group seller in Q1 2024 was Morgan Stanley, an estimated $67.2M sold.
Based on aggregated 13F filings for Q1 2024.