Penske Automotive Group
371 hedge funds and large institutions have $2.59B invested in Penske Automotive Group in 2024 Q3 according to their latest regulatory filings, with 52 funds opening new positions, 103 increasing their positions, 141 reducing their positions, and 28 closing their positions.
86% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 28
6% more funds holding
Funds holding: 351 → 371 (+20)
3% more capital invested
Capital invested by funds: $2.53B → $2.59B (+$65.4M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.32% less ownership
Funds ownership: 25.34% → 24.03% (-1.3%)
27% less repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 141
48% less call options, than puts
Call options by funds: $21.8M | Put options by funds: $42.1M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$26.8M |
| 2 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
+$9.36M |
| 3 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$8.8M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$6.9M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
+$5.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dimensional Fund Advisors
Austin,
Texas
|
-$22.7M |
| 2 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$17.1M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
-$17.1M |
| 4 |
BlackRock
New York
|
-$15.3M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$14M |
PAG Hedge Fund Activity: Q3 2024 in Review
371 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q3 2024, worth a combined $2.59B — up 2.6% from $2.53B a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new PAG positions and 28 closed out — a net gain of 24 holders — while 103 added to existing stakes and 141 trimmed.
The largest buyer was AQR Capital Management, adding an estimated $26.8M. The largest seller was Dimensional Fund Advisors, cutting an estimated $22.7M.
- 371 institutional investors held Penske Automotive Group (PAG) as of Q3 2024, up from 351 in Q2 2024.
- Funds reported $2.59B of Penske Automotive Group stock for Q3 2024, up 2.6% quarter-over-quarter.
- 52 funds opened new Penske Automotive Group positions in Q3 2024 and 28 closed out, a net change of +24 holders.
- The largest Penske Automotive Group buyer in Q3 2024 was AQR Capital Management, an estimated $26.8M added.
- The largest Penske Automotive Group seller in Q3 2024 was Dimensional Fund Advisors, an estimated $22.7M sold.
Based on aggregated 13F filings for Q3 2024.