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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
RG
326
Retirement Group
California
$4.17K – – –
Loomis, Sayles & Company
327
Loomis, Sayles & Company
Massachusetts
$4K -$16.2K -112 -82%
PFBT
328
Parkside Financial Bank & Trust
Missouri
$4K – – –
AF
329
Advisornet Financial
Minnesota
$4K – – –
DI
330
Disciplined Investments
Oklahoma
$3.33K -$145 -1 -5%
EARNEST Partners
331
EARNEST Partners
Georgia
$3.17K – – –
GWS
332
Glassman Wealth Services
Virginia
$2.67K – – –
RFG
333
RFP Financial Group
Georgia
$2.33K – – –
HPC
334
HM Payson & Co
Maine
$2K – – –
EWA
335
EverSource Wealth Advisors
Alabama
$1.83K -$290 -2 -15%
HCP
336
Hexagon Capital Partners
Arkansas
$1.83K – – –
MPWT
337
MassMutual Private Wealth & Trust
Connecticut
$1.83K – – –
Kayne Anderson Rudnick Investment Management
338
Kayne Anderson Rudnick Investment Management
California
$1.33K – – –
CAL
339
Capital Advisors Ltd
Ohio
$1K – – –
TFA
340
Transamerica Financial Advisors
Florida
$1K – – –
2L
341
25 LLC
Missouri
$709 +$580 +4 New
VAG
342
VisionPoint Advisory Group
Texas
$667 +$580 +4 New
TWP
343
TFO Wealth Partners
Ohio
$500 – – –
CFGS
344
Concourse Financial Group Securities
Alabama
$333 – – –
M
345
MOTCO
Texas
$333 +$290 +2 New
HI
346
Harbour Investments
Wisconsin
$169 – – –
TWD
347
True Wealth Design
Ohio
$167 – – –
ECM
348
EMC Capital Management
Texas
$44 +$38.4K +265 +13%
Two Sigma Advisers
349
Two Sigma Advisers
New York
– -$6.27M -44,200 Closed
CSS
350
Cubist Systematic Strategies
Connecticut
– -$5.03M -34,694 Closed
12 13
14
15 16

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.