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Penske Automotive Group

217 hedge funds and large institutions have $1.58B invested in Penske Automotive Group in 2017 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 75 increasing their positions, 73 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

238% more call options, than puts

Call options by funds: $7.93M | Put options by funds: $2.35M

17% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 29

3% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 73

1.35% less ownership

Funds ownership: 40.79%39.44% (-1.4%)

2% less funds holding

Funds holding: 221217 (-4)

12% less capital invested

Capital invested by funds: $1.8B → $1.58B (-$224M)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
217
Holders Change
-4
Holders Change %
-1.81%
% of All Funds
5.4%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
34
Increased
75
Reduced
73
Closed
29
Calls
$7.93M
Puts
$2.35M
Net Calls
+$5.58M
Net Calls Change
-$2.03M
Name Holding Trade Value Shares
Change
Change in
Stake
LG
51
Leuthold Group
Minnesota
$4.91M -$119K -2,335 -2%
Invesco
52
Invesco
Georgia
$4.82M +$3.26M +63,742 +163%
Allianz Asset Management
53
Allianz Asset Management
Germany
$4.79M -$59.1K -1,156 -1%
HK
54
Horizon Kinetics
New York
$4.22M +$6.7K +131 +0.1%
California Public Employees Retirement System
55
California Public Employees Retirement System
California
$4.12M -$153K -3,000 -3%
Fifth Third Bancorp
56
Fifth Third Bancorp
Ohio
$3.76M -$1.63M -31,943 -28%
GGHC
57
Gilder Gagnon Howe & Co
New York
$3.76M -$50.6K -991 -1%
California State Teachers Retirement System (CalSTRS)
58
California State Teachers Retirement System (CalSTRS)
California
$3.68M -$179K -3,500 -4%
FQ
59
First Quadrant
California
$3.63M -$2.15M -41,991 -35%
CG
60
Clinton Group
New York
$3.49M +$3.81M +74,574 New
Swiss National Bank
61
Swiss National Bank
Switzerland
$3.28M
Russell Investments Group
62
Russell Investments Group
United Kingdom
$3.02M +$76.7K +1,500 +2%
PPA
63
Parametric Portfolio Associates
Washington
$2.83M +$31.1K +608 +1%
CS
64
Credit Suisse
Switzerland
$2.76M +$1.3M +25,436 +76%
Fidelity Investments
65
Fidelity Investments
Massachusetts
$2.68M +$2.93M +57,310 New
Stifel Financial
66
Stifel Financial
Missouri
$2.57M +$239K +4,679 +9%
AIA
67
Affinity Investment Advisors
California
$2.51M +$2.74M +53,630 New
EVM
68
Eaton Vance Management
Massachusetts
$2.32M
MG
69
Markel Group
Virginia
$2.29M +$715K +14,000 +40%
Legal & General Group
70
Legal & General Group
United Kingdom
$2.25M +$440K +8,616 +22%
Citadel Advisors
71
Citadel Advisors
Florida
$2.22M +$2.42M +47,325 New
Wells Fargo
72
Wells Fargo
California
$2.15M +$52.4K +1,026 +2%
PGIM
73
Pacific Global Investment Management
California
$2.14M +$53.3K +1,042 +2%
Barrow, Hanley, Mewhinney & Strauss
74
Barrow, Hanley, Mewhinney & Strauss
Texas
$2.09M +$78.3K +1,533 +4%
TA
75
Teachers Advisors
New York
$2.05M +$116K +2,273 +5%

PAG Hedge Fund Activity: Q1 2017 in Review

217 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q1 2017, worth a combined $1.58B — down 12% from $1.8B a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new PAG positions and 29 closed out — a net gain of 5 holders — while 75 added to existing stakes and 73 trimmed.

The largest buyer was BlackRock, adding an estimated $83.4M. The largest seller was Burgundy Asset Management, cutting an estimated $37.7M.

  • 217 institutional investors held Penske Automotive Group (PAG) as of Q1 2017, down from 221 in Q4 2016.
  • Funds reported $1.58B of Penske Automotive Group stock for Q1 2017, down 12% quarter-over-quarter.
  • 34 funds opened new Penske Automotive Group positions in Q1 2017 and 29 closed out, a net change of +5 holders.
  • The largest Penske Automotive Group buyer in Q1 2017 was BlackRock, an estimated $83.4M added.
  • The largest Penske Automotive Group seller in Q1 2017 was Burgundy Asset Management, an estimated $37.7M sold.

Based on aggregated 13F filings for Q1 2017.