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Penske Automotive Group
PAG

264 hedge funds and large institutions have $1.49B invested in Penske Automotive Group in 2018 Q4 according to their latest regulatory filings, with 48 funds opening new positions, 90 increasing their positions, 85 reducing their positions, and 41 closing their positions.

New
Increased
Maintained
Reduced
Closed

194% more call options, than puts

Call options by funds: $10.1M | Put options by funds: $3.44M

17% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 41

2% more funds holding

Funds holding: 259 → 264 (+5)

6% more repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 85

0.23% more ownership

Funds ownership: 43.42% → 43.65% (+0.23%)

14% less capital invested

Capital invested by funds: $1.75B → $1.49B (-$253M)

Holders
264
Holders Change
+5
Holders Change %
+1.93%
% of All Funds
5.88%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
48
Increased
90
Reduced
85
Closed
41
Calls
$10.1M
Puts
$3.44M
Net Calls
+$6.66M
Net Calls Change
-$3.85M

Top Buyers

Rank Fund Capital Flow
1
PFMOSF
Philadelphia Financial Management of San Francisco
California
+$20.6M
2
Citadel Advisors
Citadel Advisors
Florida
+$13.6M
3
CI Investments Inc
CI Investments Inc
Ontario, Canada
+$9.36M
4
American Century Companies
American Century Companies
Missouri
+$7.8M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$7.52M

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$49.2M
2
LCOV
London Company of Virginia
Virginia
-$17.8M
3
JP Morgan Chase
JP Morgan Chase
New York
-$10.9M
4
Bank of America
Bank of America
North Carolina
-$6.93M
5
Ohio Public Employees Retirement System (OPERS)
Ohio Public Employees Retirement System (OPERS)
Ohio
-$3.84M
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
51
UBS Group
Switzerland
$3.82M +$9.55K +221 +0.2%
Asset Management One
52
Asset Management One
Japan
$3.49M -$1.47M -34,068 -28%
HCMT
53
Highland Capital Management (Texas)
Texas
$3.31M +$3.55M +82,000 New
PGIM
54
Pacific Global Investment Management
California
$3.21M +$60.9K +1,408 +2%
NAP
55
New Amsterdam Partners
New York
$3.2M -$549K -12,704 -14%
MWNA
56
Marshall Wace North America
New York
$3.19M +$1.06M +24,555 +45%
Fidelity Investments
57
Fidelity Investments
Massachusetts
$3.02M -$2.18M -50,515 -40%
Lord, Abbett & Co
58
Lord, Abbett & Co
New Jersey
$2.98M -$186K -4,300 -5%
GGHC
59
Gilder Gagnon Howe & Co
New York
$2.93M -$34.7K -802 -1%
MG
60
Markel Group
Virginia
$2.9M – – –
BPM
61
Bowling Portfolio Management
Ohio
$2.81M +$3.02M +69,787 New
LG
62
Leuthold Group
Minnesota
$2.73M -$356K -8,245 -11%
Swiss National Bank
63
Swiss National Bank
Switzerland
$2.72M – – –
Balyasny Asset Management
64
Balyasny Asset Management
Illinois
$2.51M +$409K +9,455 +18%
RhumbLine Advisers
65
RhumbLine Advisers
Massachusetts
$2.4M +$33.7K +780 +1%
PPA
66
Parametric Portfolio Associates
Washington
$2.34M +$395K +9,131 +19%
California State Teachers Retirement System (CalSTRS)
67
California State Teachers Retirement System (CalSTRS)
California
$2.31M -$11.5K -265 -0.5%
EGM
68
Engineers Gate Manager
New York
$2.28M +$760K +17,574 +45%
Invesco
69
Invesco
Georgia
$2.27M +$114K +2,636 +5%
Holocene Advisors
70
Holocene Advisors
New York
$2.17M +$1.55M +35,869 +200%
AIMCA
71
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$2.04M – – –
Tudor Investment Corp
72
Tudor Investment Corp
Connecticut
$2.03M +$1.22M +28,211 +128%
EVM
73
Eaton Vance Management
Massachusetts
$2M – – –
Legal & General Group
74
Legal & General Group
United Kingdom
$1.98M +$387K +8,941 +22%
OCG
75
Opus Capital Group
Ohio
$1.96M +$48.3K +1,117 +2%
1 2
3
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PAG Hedge Fund Activity: Q4 2018 in Review

264 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q4 2018, worth a combined $1.49B — down 14% from $1.75B a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new PAG positions and 41 closed out — a net gain of 7 holders — while 90 added to existing stakes and 85 trimmed.

The largest buyer was Philadelphia Financial Management of San Francisco, opening a new position worth an estimated $20.6M. The largest seller was BlackRock, cutting an estimated $49.2M.

  • 264 institutional investors held Penske Automotive Group (PAG) as of Q4 2018, up from 259 in Q3 2018.
  • Funds reported $1.49B of Penske Automotive Group stock for Q4 2018, down 14% quarter-over-quarter.
  • 48 funds opened new Penske Automotive Group positions in Q4 2018 and 41 closed out, a net change of +7 holders.
  • The largest Penske Automotive Group buyer in Q4 2018 was Philadelphia Financial Management of San Francisco, an estimated $20.6M added.
  • The largest Penske Automotive Group seller in Q4 2018 was BlackRock, an estimated $49.2M sold.

Based on aggregated 13F filings for Q4 2018.