Penske Automotive Group
173 hedge funds and large institutions have $1.65B invested in Penske Automotive Group in 2014 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 54 increasing their positions, 71 reducing their positions, and 25 closing their positions.
112% more call options, than puts
Call options by funds: $1.68M | Put options by funds: $793K
1.59% less ownership
Funds ownership: 44.21% → 42.62% (-1.6%)
5% less funds holding
Funds holding: 182 → 173 (-9)
12% less capital invested
Capital invested by funds: $1.88B → $1.65B (-$229M)
24% less repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 71
24% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 25
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Munder Capital Management
Birmingham,
Michigan
|
+$26.6M |
| 2 |
SCM
Sandler Capital Management
New York
|
+$10.6M |
| 3 |
DKCM
Davidson Kempner Capital Management
New York
|
+$9.86M |
| 4 |
SI
Sentry Investments
Toronto,
Ontario, Canada
|
+$9.82M |
| 5 |
DCM
Dupont Capital Management
Wilmington,
Delaware
|
+$4.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$21M |
| 2 |
LBG
Lloyds Banking Group
London,
United Kingdom
|
-$18.6M |
| 3 |
SCM
Shapiro Capital Management
Atlanta,
Georgia
|
-$14.6M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
-$13.2M |
| 5 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
-$9.1M |
PAG Hedge Fund Activity: Q1 2014 in Review
173 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q1 2014, worth a combined $1.65B — down 12% from $1.88B a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of PAG and 19 opened new positions — a net loss of 6 holders — while 71 trimmed existing stakes and 54 added.
The largest buyer was Munder Capital Management, adding an estimated $26.6M. The largest seller was Systematic Financial Management, exiting entirely with an estimated $21M sold.
- 173 institutional investors held Penske Automotive Group (PAG) as of Q1 2014, down from 182 in Q4 2013.
- Funds reported $1.65B of Penske Automotive Group stock for Q1 2014, down 12% quarter-over-quarter.
- 19 funds opened new Penske Automotive Group positions in Q1 2014 and 25 closed out, a net change of -6 holders.
- The largest Penske Automotive Group buyer in Q1 2014 was Munder Capital Management, an estimated $26.6M added.
- The largest Penske Automotive Group seller in Q1 2014 was Systematic Financial Management, an estimated $21M sold.
Based on aggregated 13F filings for Q1 2014.