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Penske Automotive Group

187 hedge funds and large institutions have $961M invested in Penske Automotive Group in 2020 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 65 increasing their positions, 63 reducing their positions, and 69 closing their positions.

New
Increased
Maintained
Reduced
Closed

582% more call options, than puts

Call options by funds: $3.44M | Put options by funds: $504K

2.08% more ownership

Funds ownership: 40.1%42.19% (+2.1%)

3% more repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 63

23% less funds holding

Funds holding: 243187 (-56)

42% less capital invested

Capital invested by funds: $1.65B → $961M (-$692M)

74% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 69

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
187
Holders Change
-56
Holders Change %
-23.05%
% of All Funds
4.12%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
18
Increased
65
Reduced
63
Closed
69
Calls
$3.44M
Puts
$504K
Net Calls
+$2.93M
Net Calls Change
+$898K
Name Holding Trade Value Shares
Change
Change in
Stake
Charles Schwab
26
Charles Schwab
California
$7.81M +$350K +8,050 +3%
Northern Trust
27
Northern Trust
Illinois
$7.71M +$545K +12,535 +5%
AQR Capital Management
28
AQR Capital Management
Connecticut
$7.24M -$583K -13,402 -5%
Norges Bank
29
Norges Bank
Norway
$7.04M
BGIM
30
Brandywine Global Investment Management
Pennsylvania
$7.02M -$772K -17,731 -7%
KTA
31
Keeley-Teton Advisors
Illinois
$4.94M +$192K +4,407 +3%
GH
32
GAM Holding
Switzerland
$4.79M +$29.8K +685 +0.4%
Fidelity Investments
33
Fidelity Investments
Massachusetts
$3.92M +$2.32M +53,209 +61%
First Trust Advisors
34
First Trust Advisors
Illinois
$3.6M -$1.74M -39,882 -24%
Man Group
35
Man Group
United Kingdom
$3.57M +$2.21M +50,717 +66%
N
36
Nuveen
North Carolina
$3.15M -$4.8M -110,209 -49%
EVM
37
Eaton Vance Management
Massachusetts
$3.06M
New York State Common Retirement Fund
38
New York State Common Retirement Fund
New York
$2.69M +$418K +9,600 +11%
Prudential Financial
39
Prudential Financial
New Jersey
$2.44M -$1.21M -27,717 -24%
GF
40
Gabelli Funds
New York
$2.38M -$131K -3,000 -3%
Deutsche Bank
41
Deutsche Bank
Germany
$2.34M -$325K -7,461 -8%
Russell Investments Group
42
Russell Investments Group
United Kingdom
$2.25M -$619K -14,229 -15%
California Public Employees Retirement System
43
California Public Employees Retirement System
California
$2.16M -$13.4K -309 -0.4%
EGM
44
Engineers Gate Manager
New York
$2.09M +$3.25M +74,604 New
MG
45
Markel Group
Virginia
$2.02M
Swiss National Bank
46
Swiss National Bank
Switzerland
$1.98M
RhumbLine Advisers
47
RhumbLine Advisers
Massachusetts
$1.94M +$441K +10,144 +17%
BG
48
Bahl & Gaynor
Ohio
$1.92M +$616K +14,148 +26%
Wells Fargo
49
Wells Fargo
California
$1.89M -$733K -16,844 -20%
GGHC
50
Gilder Gagnon Howe & Co
New York
$1.85M -$99.8K -2,294 -3%

PAG Hedge Fund Activity: Q1 2020 in Review

187 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q1 2020, worth a combined $961M — down 42% from $1.65B a quarter earlier.

Sellers outnumbered buyers: 69 funds closed out of PAG and 18 opened new positions — a net loss of 51 holders — while 63 trimmed existing stakes and 65 added.

The largest buyer was Victory Capital Management, adding an estimated $102M. The largest seller was BlackRock, cutting an estimated $18.8M.

  • 187 institutional investors held Penske Automotive Group (PAG) as of Q1 2020, down from 243 in Q4 2019.
  • Funds reported $961M of Penske Automotive Group stock for Q1 2020, down 42% quarter-over-quarter.
  • 18 funds opened new Penske Automotive Group positions in Q1 2020 and 69 closed out, a net change of -51 holders.
  • The largest Penske Automotive Group buyer in Q1 2020 was Victory Capital Management, an estimated $102M added.
  • The largest Penske Automotive Group seller in Q1 2020 was BlackRock, an estimated $18.8M sold.

Based on aggregated 13F filings for Q1 2020.