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Penske Automotive Group

217 hedge funds and large institutions have $1.58B invested in Penske Automotive Group in 2017 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 75 increasing their positions, 73 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

238% more call options, than puts

Call options by funds: $7.93M | Put options by funds: $2.35M

17% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 29

3% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 73

1.35% less ownership

Funds ownership: 40.79%39.44% (-1.4%)

2% less funds holding

Funds holding: 221217 (-4)

12% less capital invested

Capital invested by funds: $1.8B → $1.58B (-$224M)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
217
Holders Change
-4
Holders Change %
-1.81%
% of All Funds
5.4%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
34
Increased
75
Reduced
73
Closed
29
Calls
$7.93M
Puts
$2.35M
Net Calls
+$5.58M
Net Calls Change
-$2.03M
Name Holding Trade Value Shares
Change
Change in
Stake
Fiera Capital (Canada)
26
Fiera Capital (Canada)
Quebec, Canada
$12.4M +$13.5M +263,924 New
Goldman Sachs
27
Goldman Sachs
New York
$11.7M -$4.98M -97,504 -28%
Northern Trust
28
Northern Trust
Illinois
$11.4M +$96.5K +1,888 +0.8%
PP
29
PDT Partners
New York
$11.3M +$12.4M +241,800 New
American Century Companies
30
American Century Companies
Missouri
$10.6M -$2.06M -40,293 -15%
FAM
31
Fenimore Asset Management
New York
$10.1M
CB
32
Cooke & Bieler
Pennsylvania
$9.49M -$828K -16,194 -7%
Ameriprise
33
Ameriprise
Minnesota
$9.47M +$253K +4,960 +3%
Renaissance Technologies
34
Renaissance Technologies
New York
$8.7M -$2.57M -50,200 -21%
AQR Capital Management
35
AQR Capital Management
Connecticut
$8.54M +$2.77M +54,106 +42%
Balyasny Asset Management
36
Balyasny Asset Management
Illinois
$8.52M +$9.3M +181,901 New
CIS
37
Connors Investor Services
Pennsylvania
$8.21M +$162K +3,170 +2%
JVBC
38
J.V. Bruni & Co
Colorado
$7.94M +$553K +10,816 +7%
JP Morgan Chase
39
JP Morgan Chase
New York
$7.84M -$12M -234,862 -58%
Deutsche Bank
40
Deutsche Bank
Germany
$7.35M +$1.81M +35,375 +29%
Norges Bank
41
Norges Bank
Norway
$7.31M -$2.03M -39,776 -20%
CCM
42
Cloverdale Capital Management
Texas
$7.31M +$1.84M +35,915 +30%
State of New Jersey Common Pension Fund D
43
State of New Jersey Common Pension Fund D
New Jersey
$7.24M
New York State Common Retirement Fund
44
New York State Common Retirement Fund
New York
$7.01M +$1.99M +38,941 +35%
GF
45
Gabelli Funds
New York
$6.7M -$920K -18,000 -11%
Lord, Abbett & Co
46
Lord, Abbett & Co
New Jersey
$6.33M +$2.88M +56,400 +72%
First Trust Advisors
47
First Trust Advisors
Illinois
$5.93M -$1.31M -25,723 -17%
Westfield Capital Management
48
Westfield Capital Management
Massachusetts
$5.79M -$74.1K -1,450 -1%
TCIM
49
TIAA CREF Investment Management
New York
$5.72M -$26.7K -522 -0.4%
Millennium Management
50
Millennium Management
New York
$5.71M -$4.13M -80,896 -40%

PAG Hedge Fund Activity: Q1 2017 in Review

217 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q1 2017, worth a combined $1.58B — down 12% from $1.8B a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new PAG positions and 29 closed out — a net gain of 5 holders — while 75 added to existing stakes and 73 trimmed.

The largest buyer was BlackRock, adding an estimated $83.4M. The largest seller was Burgundy Asset Management, cutting an estimated $37.7M.

  • 217 institutional investors held Penske Automotive Group (PAG) as of Q1 2017, down from 221 in Q4 2016.
  • Funds reported $1.58B of Penske Automotive Group stock for Q1 2017, down 12% quarter-over-quarter.
  • 34 funds opened new Penske Automotive Group positions in Q1 2017 and 29 closed out, a net change of +5 holders.
  • The largest Penske Automotive Group buyer in Q1 2017 was BlackRock, an estimated $83.4M added.
  • The largest Penske Automotive Group seller in Q1 2017 was Burgundy Asset Management, an estimated $37.7M sold.

Based on aggregated 13F filings for Q1 2017.