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Penske Automotive Group

221 hedge funds and large institutions have $1.8B invested in Penske Automotive Group in 2016 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 62 increasing their positions, 91 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

264% more call options, than puts

Call options by funds: $10.5M | Put options by funds: $2.89M

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

69% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 26

7% more funds holding

Funds holding: 207221 (+14)

2% more capital invested

Capital invested by funds: $1.77B → $1.8B (+$36.3M)

4.05% less ownership

Funds ownership: 44.84%40.79% (-4%)

32% less repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 91

Holders
221
Holders Change
+14
Holders Change %
+6.76%
% of All Funds
5.52%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
44
Increased
62
Reduced
91
Closed
26
Calls
$10.5M
Puts
$2.89M
Net Calls
+$7.61M
Net Calls Change
+$2.25M
Name Holding Trade Value Shares
Change
Change in
Stake
New York State Common Retirement Fund
51
New York State Common Retirement Fund
New York
$5.74M
LG
52
Leuthold Group
Minnesota
$5.56M -$483K -9,912 -8%
Allianz Asset Management
53
Allianz Asset Management
Germany
$5.36M -$3.78M -77,597 -43%
DCM
54
Donaldson Capital Management
Indiana
$4.82M -$13M -266,386 -74%
BA
55
BlackRock Advisors
Delaware
$4.81M -$1.19M -24,474 -21%
California Public Employees Retirement System
56
California Public Employees Retirement System
California
$4.72M +$4.88K +100 +0.1%
HK
57
Horizon Kinetics
New York
$4.66M -$28.4K -583 -0.6%
California State Teachers Retirement System (CalSTRS)
58
California State Teachers Retirement System (CalSTRS)
California
$4.26M -$102K -2,100 -2%
GGHC
59
Gilder Gagnon Howe & Co
New York
$4.21M -$93.7K -1,922 -2%
Lord, Abbett & Co
60
Lord, Abbett & Co
New Jersey
$4.08M +$570K +11,700 +17%
CIP
61
Convergence Investment Partners
Florida
$4.08M -$760K -15,596 -17%
Swiss National Bank
62
Swiss National Bank
Switzerland
$3.63M +$78K +1,600 +2%
Russell Investments Group
63
Russell Investments Group
United Kingdom
$3.27M +$3.06M +62,836 New
BG
64
BlackRock Group
United Kingdom
$3.19M -$14K -287 -0.5%
PPA
65
Parametric Portfolio Associates
Washington
$3.11M +$973K +19,958 +50%
EGM
66
Engineers Gate Manager
New York
$2.84M +$487K +9,993 +22%
Voloridge Investment Management
67
Voloridge Investment Management
Florida
$2.69M +$2.53M +51,818 New
Stifel Financial
68
Stifel Financial
Missouri
$2.61M -$383K -7,862 -13%
EVM
69
Eaton Vance Management
Massachusetts
$2.56M -$1.17K -24 -0%
Wells Fargo
70
Wells Fargo
California
$2.33M +$173K +3,540 +9%
PGIM
71
Pacific Global Investment Management
California
$2.31M -$64.2K -1,318 -3%
Barrow, Hanley, Mewhinney & Strauss
72
Barrow, Hanley, Mewhinney & Strauss
Texas
$2.24M
11A
73
10-15 Associates
New York
$2.17M -$71.9K -1,475 -3%
TA
74
Teachers Advisors
New York
$2.15M +$165K +3,387 +9%
BC
75
Brinker Capital
Pennsylvania
$2.08M +$1.96M +40,216 New

PAG Hedge Fund Activity: Q4 2016 in Review

221 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q4 2016, worth a combined $1.8B — up 2.1% from $1.77B a quarter earlier.

Buyers outnumbered sellers: 44 funds opened new PAG positions and 26 closed out — a net gain of 18 holders — while 62 added to existing stakes and 91 trimmed.

The largest buyer was Renaissance Technologies, opening a new position worth an estimated $11.5M. The largest seller was First Trust Advisors, cutting an estimated $33.2M.

  • 221 institutional investors held Penske Automotive Group (PAG) as of Q4 2016, up from 207 in Q3 2016.
  • Funds reported $1.8B of Penske Automotive Group stock for Q4 2016, up 2.1% quarter-over-quarter.
  • 44 funds opened new Penske Automotive Group positions in Q4 2016 and 26 closed out, a net change of +18 holders.
  • The largest Penske Automotive Group buyer in Q4 2016 was Renaissance Technologies, an estimated $11.5M added.
  • The largest Penske Automotive Group seller in Q4 2016 was First Trust Advisors, an estimated $33.2M sold.

Based on aggregated 13F filings for Q4 2016.