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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
BAM
351
Blueshift Asset Management
New Jersey
– -$268K -2,335 Closed
EGM
352
Engineers Gate Manager
New York
– -$248K -2,155 Closed
CIBC Asset Management
353
CIBC Asset Management
Ontario, Canada
– -$234K -2,039 Closed
KPWS
354
Kestra Private Wealth Services
Texas
– -$226K -1,968 Closed
AWM
355
Accurate Wealth Management
Florida
– -$23.9K -203 Closed
MCC
356
Money Concepts Capital
Florida
– -$15.1K -131 Closed
WPA
357
West Paces Advisors
Georgia
– -$5.63K -49 Closed
MPCL
358
My Personal CFO LLC
Washington
– -$5.4K -47 Closed
TC
359
Truvestments Capital
Florida
– -$3.91K -34 Closed
MSCM
360
McElhenny Sheffield Capital Management
Texas
– -$1.38K -12 Closed
CS
361
Comerica Securities
Michigan
– -$1.26K -11 Closed
ZB
362
Zions Bancorporation
Utah
– -$575 -5 Closed
LF
363
Lee Financial
Texas
– -$230 -2 Closed
AW
364
Avion Wealth
Texas
– +$532 +4 New
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.