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Penske Automotive Group
PAG

240 hedge funds and large institutions have $1.7B invested in Penske Automotive Group in 2018 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 74 increasing their positions, 84 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

239% more call options, than puts

Call options by funds: $14.2M | Put options by funds: $4.17M

26% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 31

6% more capital invested

Capital invested by funds: $1.6B → $1.7B (+$97.5M)

2% more funds holding

Funds holding: 236 → 240 (+4)

0.72% more ownership

Funds ownership: 41.92% → 42.64% (+0.72%)

12% less repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 84

Holders
240
Holders Change
+4
Holders Change %
+1.69%
% of All Funds
5.49%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
39
Increased
74
Reduced
84
Closed
31
Calls
$14.2M
Puts
$4.17M
Net Calls
+$9.99M
Net Calls Change
+$5.99M

Top Buyers

Rank Fund Capital Flow
1
CI Investments Inc
CI Investments Inc
Ontario, Canada
+$42.6M
2
Victory Capital Management
Victory Capital Management
Texas
+$16.1M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$7.96M
4
MWNA
Marshall Wace North America
New York
+$6.89M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$6.66M

Top Sellers

Rank Fund Capital Flow
1
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$30M
2
Deutsche Bank
Deutsche Bank
Germany
-$7.7M
3
Russell Investments Group
Russell Investments Group
United Kingdom
-$7.54M
4
USAA
United Services Automobile Association
Texas
-$6.46M
5
Renaissance Technologies
Renaissance Technologies
New York
-$4.91M
Name Holding Trade Value Shares
Change 		Change in
Stake
GH
26
GAM Holding
Switzerland
$13.3M +$215K +4,551 +2%
JVBC
27
J.V. Bruni & Co
Colorado
$13.2M +$125K +2,653 +1%
KTA
28
Keeley-Teton Advisors
Illinois
$12.8M -$2.27M -48,134 -15%
AQR Capital Management
29
AQR Capital Management
Connecticut
$12.5M +$4.09M +86,642 +48%
Goldman Sachs
30
Goldman Sachs
New York
$11.6M +$484K +10,262 +4%
First Trust Advisors
31
First Trust Advisors
Illinois
$11.4M +$1.92M +40,759 +20%
CB
32
Cooke & Bieler
Pennsylvania
$11.4M +$866K +18,372 +8%
CIS
33
Connors Investor Services
Pennsylvania
$10.9M -$217K -4,605 -2%
Deutsche Bank
34
Deutsche Bank
Germany
$10.7M -$7.7M -163,360 -42%
BGIM
35
Brandywine Global Investment Management
Pennsylvania
$10.5M -$1.01M -21,442 -9%
PFC
36
Phocas Financial Corp
California
$9.69M -$97K -2,057 -1%
State of New Jersey Common Pension Fund D
37
State of New Jersey Common Pension Fund D
New Jersey
$7.76M +$519K +11,000 +7%
New York State Common Retirement Fund
38
New York State Common Retirement Fund
New York
$7.05M +$234K +4,970 +3%
Millennium Management
39
Millennium Management
New York
$7M -$2.04M -43,357 -22%
TCIM
40
TIAA CREF Investment Management
New York
$6.99M +$2.39M +50,741 +52%
GF
41
Gabelli Funds
New York
$6.98M -$4.72K -100 -0.1%
MWNA
42
Marshall Wace North America
New York
$6.85M +$6.89M +146,147 New
Fidelity Investments
43
Fidelity Investments
Massachusetts
$5.75M +$2.66M +56,314 +85%
TA
44
Teachers Advisors
New York
$5.6M +$2.73M +57,892 +94%
SCM
45
SG Capital Management
Illinois
$5.59M +$5.63M +119,349 New
Norges Bank
46
Norges Bank
Norway
$5.27M – – –
SO
47
STRS Ohio
Ohio
$5.12M +$5.15M +109,225 New
California Public Employees Retirement System
48
California Public Employees Retirement System
California
$4.91M +$177K +3,757 +4%
RA
49
Royce & Associates
New York
$4.67M +$4.7M +99,600 New
Renaissance Technologies
50
Renaissance Technologies
New York
$4.59M -$4.91M -104,100 -52%
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PAG Hedge Fund Activity: Q2 2018 in Review

240 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q2 2018, worth a combined $1.7B — up 6.1% from $1.6B a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new PAG positions and 31 closed out — a net gain of 8 holders — while 74 added to existing stakes and 84 trimmed.

The largest buyer was CI Investments Inc, opening a new position worth an estimated $42.6M. The largest seller was DePrince Race & Zollo Inc (DRZ), exiting entirely with an estimated $30M sold.

  • 240 institutional investors held Penske Automotive Group (PAG) as of Q2 2018, up from 236 in Q1 2018.
  • Funds reported $1.7B of Penske Automotive Group stock for Q2 2018, up 6.1% quarter-over-quarter.
  • 39 funds opened new Penske Automotive Group positions in Q2 2018 and 31 closed out, a net change of +8 holders.
  • The largest Penske Automotive Group buyer in Q2 2018 was CI Investments Inc, an estimated $42.6M added.
  • The largest Penske Automotive Group seller in Q2 2018 was DePrince Race & Zollo Inc (DRZ), an estimated $30M sold.

Based on aggregated 13F filings for Q2 2018.