Penske Automotive Group
207 hedge funds and large institutions have $1.77B invested in Penske Automotive Group in 2016 Q3 according to their latest regulatory filings, with 36 funds opening new positions, 68 increasing their positions, 78 reducing their positions, and 41 closing their positions.
102% more call options, than puts
Call options by funds: $10.6M | Put options by funds: $5.26M
67% more capital invested
Capital invested by funds: $1.06B → $1.77B (+$706M)
3.82% more ownership
Funds ownership: 41.02% → 44.84% (+3.8%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
2% less funds holding
Funds holding: 212 → 207 (-5)
12% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 41
13% less repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 78
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCOV
London Company of Virginia
Richmond,
Virginia
|
+$144M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
+$88.3M |
| 3 |
Prudential Financial
Newark,
New Jersey
|
+$17.8M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$13.8M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
+$12M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$32.2M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
-$29.7M |
| 3 |
DS
Dudley & Shanley
Palm Beach,
Florida
|
-$20.3M |
| 4 |
NMIMC
Northwestern Mutual Investment Management Company
Milwaukee,
Wisconsin
|
-$14.7M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$9.66M |
PAG Hedge Fund Activity: Q3 2016 in Review
207 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q3 2016, worth a combined $1.77B — up 67% from $1.06B a quarter earlier.
Sellers outnumbered buyers: 41 funds closed out of PAG and 36 opened new positions — a net loss of 5 holders — while 78 trimmed existing stakes and 68 added.
The largest buyer was London Company of Virginia, opening a new position worth an estimated $144M. The largest seller was BlackRock Institutional Trust, cutting an estimated $32.2M.
- 207 institutional investors held Penske Automotive Group (PAG) as of Q3 2016, down from 212 in Q2 2016.
- Funds reported $1.77B of Penske Automotive Group stock for Q3 2016, up 67% quarter-over-quarter.
- 36 funds opened new Penske Automotive Group positions in Q3 2016 and 41 closed out, a net change of -5 holders.
- The largest Penske Automotive Group buyer in Q3 2016 was London Company of Virginia, an estimated $144M added.
- The largest Penske Automotive Group seller in Q3 2016 was BlackRock Institutional Trust, an estimated $32.2M sold.
Based on aggregated 13F filings for Q3 2016.