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Penske Automotive Group
PAG

259 hedge funds and large institutions have $1.75B invested in Penske Automotive Group in 2018 Q3 according to their latest regulatory filings, with 44 funds opening new positions, 90 increasing their positions, 77 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

448% more call options, than puts

Call options by funds: $12.8M | Put options by funds: $2.35M

83% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 24

17% more repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 77

8% more funds holding

Funds holding: 240 → 259 (+19)

3% more capital invested

Capital invested by funds: $1.7B → $1.75B (+$48.7M)

0.78% more ownership

Funds ownership: 42.64% → 43.42% (+0.78%)

Holders
259
Holders Change
+19
Holders Change %
+7.92%
% of All Funds
5.92%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
44
Increased
90
Reduced
77
Closed
24
Calls
$12.8M
Puts
$2.35M
Net Calls
+$10.5M
Net Calls Change
+$511K

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$28.6M
2
Victory Capital Management
Victory Capital Management
Texas
+$21M
3
Marshall Wace
Marshall Wace
United Kingdom
+$18.9M
4
JP Morgan Chase
JP Morgan Chase
New York
+$10.4M
5
Norges Bank
Norges Bank
Norway
+$6.18M

Top Sellers

Rank Fund Capital Flow
1
FMI
Fiduciary Management Inc
Wisconsin
-$16.6M
2
PFMOSF
Philadelphia Financial Management of San Francisco
California
-$13.9M
3
CB
Cooke & Bieler
Pennsylvania
-$10.1M
4
LCOV
London Company of Virginia
Virginia
-$9.89M
5
Deutsche Bank
Deutsche Bank
Germany
-$9.57M
Name Holding Trade Value Shares
Change 		Change in
Stake
JVBC
26
J.V. Bruni & Co
Colorado
$13.5M +$237K +4,657 +2%
KTA
27
Keeley-Teton Advisors
Illinois
$12.9M -$8.69K -171 -0.1%
CI
28
Cambiar Investors
Colorado
$12.9M -$627K -12,338 -4%
AQR Capital Management
29
AQR Capital Management
Connecticut
$12.8M +$164K +3,217 +1%
GH
30
GAM Holding
Switzerland
$12.5M -$1.03M -20,191 -7%
JP Morgan Chase
31
JP Morgan Chase
New York
$12.2M +$10.4M +204,359 +381%
CIS
32
Connors Investor Services
Pennsylvania
$11.3M +$265K +5,220 +2%
First Trust Advisors
33
First Trust Advisors
Illinois
$11.3M -$259K -5,085 -2%
Norges Bank
34
Norges Bank
Norway
$11.1M +$6.18M +121,604 +108%
BGIM
35
Brandywine Global Investment Management
Pennsylvania
$11.1M +$456K +8,974 +4%
PFC
36
Phocas Financial Corp
California
$9.61M -$201K -3,953 -2%
State of New Jersey Common Pension Fund D
37
State of New Jersey Common Pension Fund D
New Jersey
$7.38M -$508K -10,000 -6%
Millennium Management
38
Millennium Management
New York
$7.08M +$2.8K +55 +0%
TCIM
39
TIAA CREF Investment Management
New York
$7.07M +$2.8K +55 +0%
GF
40
Gabelli Funds
New York
$7.06M – – –
Ohio Public Employees Retirement System (OPERS)
41
Ohio Public Employees Retirement System (OPERS)
Ohio
$6.36M +$4.08M +80,217 +149%
TA
42
Teachers Advisors
New York
$6.2M +$567K +11,158 +9%
Fidelity Investments
43
Fidelity Investments
Massachusetts
$5.94M +$132K +2,603 +2%
Asset Management One
44
Asset Management One
Japan
$5.84M +$4.05M +79,644 +192%
SO
45
STRS Ohio
Ohio
$5.17M -$11.9K -234 -0.2%
New York State Common Retirement Fund
46
New York State Common Retirement Fund
New York
$5.15M -$2.12M -41,750 -28%
California Public Employees Retirement System
47
California Public Employees Retirement System
California
$4.85M -$124K -2,435 -2%
Man Group
48
Man Group
United Kingdom
$4.78M +$1.7M +33,453 +50%
RA
49
Royce & Associates
New York
$4.72M – – –
UBS Group
50
UBS Group
Switzerland
$4.48M +$621K +12,206 +15%
1
2
3 4 5

PAG Hedge Fund Activity: Q3 2018 in Review

259 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q3 2018, worth a combined $1.75B — up 2.9% from $1.7B a quarter earlier.

Buyers outnumbered sellers: 44 funds opened new PAG positions and 24 closed out — a net gain of 20 holders — while 90 added to existing stakes and 77 trimmed.

The largest buyer was BlackRock, adding an estimated $28.6M. The largest seller was Fiduciary Management Inc, cutting an estimated $16.6M.

  • 259 institutional investors held Penske Automotive Group (PAG) as of Q3 2018, up from 240 in Q2 2018.
  • Funds reported $1.75B of Penske Automotive Group stock for Q3 2018, up 2.9% quarter-over-quarter.
  • 44 funds opened new Penske Automotive Group positions in Q3 2018 and 24 closed out, a net change of +20 holders.
  • The largest Penske Automotive Group buyer in Q3 2018 was BlackRock, an estimated $28.6M added.
  • The largest Penske Automotive Group seller in Q3 2018 was Fiduciary Management Inc, an estimated $16.6M sold.

Based on aggregated 13F filings for Q3 2018.