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Penske Automotive Group

354 hedge funds and large institutions have $3.02B invested in Penske Automotive Group in 2023 Q3 according to their latest regulatory filings, with 52 funds opening new positions, 110 increasing their positions, 126 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

210% more call options, than puts

Call options by funds: $98M | Put options by funds: $31.6M

25% more funds holding in top 10

Funds holding in top 10: 45 (+1)

18% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 44

2% more funds holding

Funds holding: 348354 (+6)

0.09% more ownership

Funds ownership: 26.81%26.9% (+0.09%)

2% less capital invested

Capital invested by funds: $3.08B → $3.02B (-$51.9M)

13% less repeat investments, than reductions

Existing positions increased: 110 | Existing positions reduced: 126

Holders
354
Holders Change
+6
Holders Change %
+1.72%
% of All Funds
5.62%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.08%
New
52
Increased
110
Reduced
126
Closed
44
Calls
$98M
Puts
$31.6M
Net Calls
+$66.4M
Net Calls Change
+$21.3M
Name Holding Trade Value Shares
Change
Change in
Stake
Ameriprise
51
Ameriprise
Minnesota
$7.15M +$3.15M +18,815 +78%
California Public Employees Retirement System
52
California Public Employees Retirement System
California
$6.93M +$2.78M +16,633 +67%
SEI Investments
53
SEI Investments
Pennsylvania
$6.84M -$640K -3,827 -9%
Legal & General Group
54
Legal & General Group
United Kingdom
$6.4M +$1.78M +10,663 +39%
Bessemer Group
55
Bessemer Group
New Jersey
$6.39M +$1.97M +11,758 +44%
LG
56
Leuthold Group
Minnesota
$6.18M -$114K -683 -2%
ZIM
57
Zacks Investment Management
Illinois
$5.85M -$366K -2,191 -6%
Citigroup
58
Citigroup
New York
$4.88M +$3.39M +20,246 +225%
Wells Fargo
59
Wells Fargo
California
$4.85M +$285K +1,701 +6%
Macquarie Group
60
Macquarie Group
Australia
$4.78M
AIG
61
American International Group
New York
$4.59M +$4.57M +27,322 +15,264%
IMRF
62
Illinois Municipal Retirement Fund
Illinois
$4.59M
TCOV
63
Trust Company of Vermont
Vermont
$4.57M -$415K -2,483 -8%
Janus Henderson Group
64
Janus Henderson Group
United Kingdom
$4.46M +$360K +2,155 +9%
KTA
65
Keeley-Teton Advisors
Illinois
$4.4M -$2.13M -12,753 -33%
Teacher Retirement System of Texas
66
Teacher Retirement System of Texas
Texas
$4.38M +$2.28M +13,611 +108%
State Board of Administration of Florida Retirement System
67
State Board of Administration of Florida Retirement System
Florida
$4.36M -$314K -1,880 -7%
HSBC Holdings
68
HSBC Holdings
United Kingdom
$4.33M +$3.25M +19,438 +306%
RJA
69
Raymond James & Associates
Florida
$4.19M +$236K +1,408 +6%
AG
70
Algert Global
California
$4.17M +$247K +1,477 +6%
AllianceBernstein
71
AllianceBernstein
Tennessee
$4.14M +$2.37M +14,173 +134%
Retirement Systems of Alabama
72
Retirement Systems of Alabama
Alabama
$4.07M +$4.08M +24,369 New
Jane Street
73
Jane Street
New York
$4.06M -$9.16M -54,749 -69%
Osaic Holdings
74
Osaic Holdings
Arizona
$3.89M +$958K +5,730 +33%
California State Teachers Retirement System (CalSTRS)
75
California State Teachers Retirement System (CalSTRS)
California
$3.85M -$364K -2,178 -9%

PAG Hedge Fund Activity: Q3 2023 in Review

354 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q3 2023, worth a combined $3.02B — down 1.7% from $3.08B a quarter earlier.

Buyers outnumbered sellers: 52 funds opened new PAG positions and 44 closed out — a net gain of 8 holders — while 110 added to existing stakes and 126 trimmed.

The largest buyer was BlackRock, adding an estimated $144M. The largest seller was Arrowstreet Capital, exiting entirely with an estimated $49.5M sold.

  • 354 institutional investors held Penske Automotive Group (PAG) as of Q3 2023, up from 348 in Q2 2023.
  • Funds reported $3.02B of Penske Automotive Group stock for Q3 2023, down 1.7% quarter-over-quarter.
  • 52 funds opened new Penske Automotive Group positions in Q3 2023 and 44 closed out, a net change of +8 holders.
  • The largest Penske Automotive Group buyer in Q3 2023 was BlackRock, an estimated $144M added.
  • The largest Penske Automotive Group seller in Q3 2023 was Arrowstreet Capital, an estimated $49.5M sold.

Based on aggregated 13F filings for Q3 2023.