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Penske Automotive Group

250 hedge funds and large institutions have $2.35B invested in Penske Automotive Group in 2021 Q1 according to their latest regulatory filings, with 51 funds opening new positions, 74 increasing their positions, 79 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 37

33% more capital invested

Capital invested by funds: $1.77B → $2.35B (+$575M)

5% more funds holding

Funds holding: 238250 (+12)

0.9% less ownership

Funds ownership: 37.16%36.25% (-0.9%)

6% less repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 79

28% less call options, than puts

Call options by funds: $20.9M | Put options by funds: $28.9M

Holders
250
Holders Change
+12
Holders Change %
+5.04%
% of All Funds
4.39%
Holding in Top 10
4
Holding in Top 10 Change
+4
Holding in Top 10 Change %
% of All Funds
0.07%
New
51
Increased
74
Reduced
79
Closed
37
Calls
$20.9M
Puts
$28.9M
Net Calls
-$7.97M
Net Calls Change
-$4.98M
Name Holding Trade Value Shares
Change
Change in
Stake
JVBC
26
J.V. Bruni & Co
Colorado
$21.1M -$234K -3,348 -1%
HKAM
27
Horizon Kinetics Asset Management
New York
$20.2M -$52.2K -747 -0.3%
CVA
28
Ceredex Value Advisors
Florida
$19.6M -$965K -13,800 -5%
Wells Fargo
29
Wells Fargo
California
$17.3M +$10.1M +144,509 +204%
PSP
30
Principal Street Partners
Tennessee
$15.6M +$13.6M +194,279 New
Aristotle Capital Management
31
Aristotle Capital Management
California
$14.1M -$2.18M -31,132 -13%
Grantham, Mayo, Van Otterloo & Co (GMO)
32
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$13M +$6.79M +97,112 +150%
PP
33
Prudential plc
United Kingdom
$12.6M -$1.2M -17,125 -10%
KTA
34
Keeley-Teton Advisors
Illinois
$11.9M +$140K +1,999 +1%
B
35
BP
United Kingdom
$11.2M -$2.24M -31,989 -19%
FAM
36
Fenimore Asset Management
New York
$10.9M -$481K -6,877 -5%
Fidelity Investments
37
Fidelity Investments
Massachusetts
$10.3M +$592K +8,458 +7%
Millennium Management
38
Millennium Management
New York
$10.1M +$8.79M +125,640 New
PPA
39
Parametric Portfolio Associates
Washington
$10M +$2.5M +35,686 +40%
GC
40
Guggenheim Capital
Illinois
$9.75M -$234K -3,344 -3%
EVM
41
Eaton Vance Management
Massachusetts
$8.77M +$12K +172 +0.2%
D.E. Shaw & Co
42
D.E. Shaw & Co
New York
$8.03M +$2.55M +36,428 +57%
N
43
Nuveen
North Carolina
$7.85M +$55.1K +788 +0.8%
MCM
44
Moore Capital Management
New York
$7.22M -$350K -5,000 -5%
SEI Investments
45
SEI Investments
Pennsylvania
$7.19M +$1.56M +22,284 +33%
Los Angeles Capital Management
46
Los Angeles Capital Management
California
$7.04M -$485K -6,940 -7%
JP Morgan Chase
47
JP Morgan Chase
New York
$6.2M +$2.53M +36,237 +88%
GF
48
Gabelli Funds
New York
$6.1M
Swiss National Bank
49
Swiss National Bank
Switzerland
$5.89M +$49K +700 +1%
Axa
50
Axa
France
$5.86M -$112K -1,600 -2%

PAG Hedge Fund Activity: Q1 2021 in Review

250 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q1 2021, worth a combined $2.35B — up 33% from $1.77B a quarter earlier.

Buyers outnumbered sellers: 51 funds opened new PAG positions and 37 closed out — a net gain of 14 holders — while 74 added to existing stakes and 79 trimmed.

The largest buyer was American Century Companies, adding an estimated $24.4M. The largest seller was Fiduciary Management Inc, exiting entirely with an estimated $27.8M sold.

  • 250 institutional investors held Penske Automotive Group (PAG) as of Q1 2021, up from 238 in Q4 2020.
  • Funds reported $2.35B of Penske Automotive Group stock for Q1 2021, up 33% quarter-over-quarter.
  • 51 funds opened new Penske Automotive Group positions in Q1 2021 and 37 closed out, a net change of +14 holders.
  • The largest Penske Automotive Group buyer in Q1 2021 was American Century Companies, an estimated $24.4M added.
  • The largest Penske Automotive Group seller in Q1 2021 was Fiduciary Management Inc, an estimated $27.8M sold.

Based on aggregated 13F filings for Q1 2021.