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Penske Automotive Group

354 hedge funds and large institutions have $3.02B invested in Penske Automotive Group in 2023 Q3 according to their latest regulatory filings, with 52 funds opening new positions, 110 increasing their positions, 126 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

210% more call options, than puts

Call options by funds: $98M | Put options by funds: $31.6M

25% more funds holding in top 10

Funds holding in top 10: 45 (+1)

18% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 44

2% more funds holding

Funds holding: 348354 (+6)

0.09% more ownership

Funds ownership: 26.81%26.9% (+0.09%)

2% less capital invested

Capital invested by funds: $3.08B → $3.02B (-$51.9M)

13% less repeat investments, than reductions

Existing positions increased: 110 | Existing positions reduced: 126

Holders
354
Holders Change
+6
Holders Change %
+1.72%
% of All Funds
5.62%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.08%
New
52
Increased
110
Reduced
126
Closed
44
Calls
$98M
Puts
$31.6M
Net Calls
+$66.4M
Net Calls Change
+$21.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Fidelity Investments
26
Fidelity Investments
Massachusetts
$25M -$394K -2,357 -2%
Charles Schwab
27
Charles Schwab
California
$23.1M -$4.2M -25,130 -15%
Northern Trust
28
Northern Trust
Illinois
$22.9M +$7.37M +44,044 +47%
First Trust Advisors
29
First Trust Advisors
Illinois
$22M -$9.15M -54,700 -29%
JP Morgan Chase
30
JP Morgan Chase
New York
$17.5M +$5.54M +33,130 +46%
UBS Group
31
UBS Group
Switzerland
$14.2M +$7.94M +47,488 +127%
Barclays
32
Barclays
United Kingdom
$14.1M +$7.28M +43,550 +106%
CIM
33
Cambria Investment Management
California
$13.9M +$917K +5,482 +7%
Qube Research & Technologies (QRT)
34
Qube Research & Technologies (QRT)
United Kingdom
$12.3M +$8.29M +49,544 +207%
Principal Financial Group
35
Principal Financial Group
Iowa
$12M +$11.8M +70,547 +4,713%
GF
36
Gabelli Funds
New York
$11.9M -$100K -600 -0.8%
Tudor Investment Corp
37
Tudor Investment Corp
Connecticut
$11.6M +$2.67M +15,946 +30%
SBIA
38
Sheaff Brock Investment Advisors
Indiana
$10.6M -$962K -5,749 -8%
MPM
39
Meritage Portfolio Management
Kansas
$10.5M -$79.6K -476 -0.8%
RhumbLine Advisers
40
RhumbLine Advisers
Massachusetts
$10.4M +$5.99M +35,825 +137%
BG
41
Bahl & Gaynor
Ohio
$10.3M +$776K +4,640 +8%
HW
42
Hancock Whitney
Mississippi
$9.92M -$59.5K -356 -0.6%
Millennium Management
43
Millennium Management
New York
$9.87M -$28.4M -170,011 -74%
Janney Montgomery Scott
44
Janney Montgomery Scott
Pennsylvania
$9.74M +$47.7K +285 +0.5%
Squarepoint
45
Squarepoint
New York
$9.26M -$4.7M -28,114 -34%
N
46
Nuveen
North Carolina
$9.17M -$835K -4,991 -8%
UBS AM
47
UBS AM
Illinois
$9.04M -$1.95M -11,671 -18%
Victory Capital Management
48
Victory Capital Management
Texas
$8.29M +$979K +5,854 +13%
Swiss National Bank
49
Swiss National Bank
Switzerland
$7.6M +$66.9K +400 +0.9%
GGHC
50
Gilder Gagnon Howe & Co
New York
$7.43M -$7.03K -42 -0.1%

PAG Hedge Fund Activity: Q3 2023 in Review

354 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q3 2023, worth a combined $3.02B — down 1.7% from $3.08B a quarter earlier.

Buyers outnumbered sellers: 52 funds opened new PAG positions and 44 closed out — a net gain of 8 holders — while 110 added to existing stakes and 126 trimmed.

The largest buyer was BlackRock, adding an estimated $144M. The largest seller was Arrowstreet Capital, exiting entirely with an estimated $49.5M sold.

  • 354 institutional investors held Penske Automotive Group (PAG) as of Q3 2023, up from 348 in Q2 2023.
  • Funds reported $3.02B of Penske Automotive Group stock for Q3 2023, down 1.7% quarter-over-quarter.
  • 52 funds opened new Penske Automotive Group positions in Q3 2023 and 44 closed out, a net change of +8 holders.
  • The largest Penske Automotive Group buyer in Q3 2023 was BlackRock, an estimated $144M added.
  • The largest Penske Automotive Group seller in Q3 2023 was Arrowstreet Capital, an estimated $49.5M sold.

Based on aggregated 13F filings for Q3 2023.