Penske Automotive Group
204 hedge funds and large institutions have $1.21B invested in Penske Automotive Group in 2020 Q2 according to their latest regulatory filings, with 45 funds opening new positions, 57 increasing their positions, 73 reducing their positions, and 27 closing their positions.
68% more call options, than puts
Call options by funds: $6.9M | Put options by funds: $4.1M
67% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 27
26% more capital invested
Capital invested by funds: $961M → $1.21B (+$250M)
9% more funds holding
Funds holding: 187 → 204 (+17)
3.3% less ownership
Funds ownership: 42.19% → 38.89% (-3.3%)
22% less repeat investments, than reductions
Existing positions increased: 57 | Existing positions reduced: 73
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$10.8M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$10.2M |
| 3 |
Northern Trust
Chicago,
Illinois
|
+$9.58M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$9.02M |
| 5 |
HKAM
Horizon Kinetics Asset Management
New York
|
+$8.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$79.6M |
| 2 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
-$26.1M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$14.6M |
| 4 |
Millennium Management
New York
|
-$13.7M |
| 5 |
FAM
Fenimore Asset Management
Cobleskill,
New York
|
-$10.7M |
PAG Hedge Fund Activity: Q2 2020 in Review
204 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q2 2020, worth a combined $1.21B — up 26% from $961M a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new PAG positions and 27 closed out — a net gain of 18 holders — while 57 added to existing stakes and 73 trimmed.
The largest buyer was AQR Capital Management, adding an estimated $10.8M. The largest seller was Victory Capital Management, cutting an estimated $79.6M.
- 204 institutional investors held Penske Automotive Group (PAG) as of Q2 2020, up from 187 in Q1 2020.
- Funds reported $1.21B of Penske Automotive Group stock for Q2 2020, up 26% quarter-over-quarter.
- 45 funds opened new Penske Automotive Group positions in Q2 2020 and 27 closed out, a net change of +18 holders.
- The largest Penske Automotive Group buyer in Q2 2020 was AQR Capital Management, an estimated $10.8M added.
- The largest Penske Automotive Group seller in Q2 2020 was Victory Capital Management, an estimated $79.6M sold.
Based on aggregated 13F filings for Q2 2020.