Penske Automotive Group
221 hedge funds and large institutions have $1.8B invested in Penske Automotive Group in 2016 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 62 increasing their positions, 91 reducing their positions, and 26 closing their positions.
264% more call options, than puts
Call options by funds: $10.5M | Put options by funds: $2.89M
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
69% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 26
7% more funds holding
Funds holding: 207 → 221 (+14)
2% more capital invested
Capital invested by funds: $1.77B → $1.8B (+$36.3M)
4.05% less ownership
Funds ownership: 44.84% → 40.79% (-4%)
32% less repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 91
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$11.5M |
| 2 |
Millennium Management
New York
|
+$9.89M |
| 3 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$8.94M |
| 4 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
+$7.86M |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
+$7.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
First Trust Advisors
Wheaton,
Illinois
|
-$33.2M |
| 2 |
HAM
HHR Asset Management
Berkeley Heights,
New Jersey
|
-$30.8M |
| 3 |
CI
Cambiar Investors
Denver,
Colorado
|
-$29.6M |
| 4 |
GKIM
GW&K Investment Management
Boston,
Massachusetts
|
-$15.9M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$13.4M |
PAG Hedge Fund Activity: Q4 2016 in Review
221 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q4 2016, worth a combined $1.8B — up 2.1% from $1.77B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new PAG positions and 26 closed out — a net gain of 18 holders — while 62 added to existing stakes and 91 trimmed.
The largest buyer was Renaissance Technologies, opening a new position worth an estimated $11.5M. The largest seller was First Trust Advisors, cutting an estimated $33.2M.
- 221 institutional investors held Penske Automotive Group (PAG) as of Q4 2016, up from 207 in Q3 2016.
- Funds reported $1.8B of Penske Automotive Group stock for Q4 2016, up 2.1% quarter-over-quarter.
- 44 funds opened new Penske Automotive Group positions in Q4 2016 and 26 closed out, a net change of +18 holders.
- The largest Penske Automotive Group buyer in Q4 2016 was Renaissance Technologies, an estimated $11.5M added.
- The largest Penske Automotive Group seller in Q4 2016 was First Trust Advisors, an estimated $33.2M sold.
Based on aggregated 13F filings for Q4 2016.