Penske Automotive Group
365 hedge funds and large institutions have $2.85B invested in Penske Automotive Group in 2023 Q4 according to their latest regulatory filings, with 52 funds opening new positions, 103 increasing their positions, 142 reducing their positions, and 38 closing their positions.
266% more call options, than puts
Call options by funds: $43.3M | Put options by funds: $11.8M
37% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 38
3% more funds holding
Funds holding: 354 → 365 (+11)
0.51% less ownership
Funds ownership: 26.9% → 26.39% (-0.51%)
6% less capital invested
Capital invested by funds: $3.02B → $2.85B (-$178M)
27% less repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 142
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$65.6M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$19.2M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$14.4M |
| 4 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$11.4M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$7.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dimensional Fund Advisors
Austin,
Texas
|
-$47.1M |
| 2 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
-$37.1M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$30.6M |
| 4 |
HAI
Hennessy Advisors Inc
Novato,
California
|
-$21.6M |
| 5 |
D.E. Shaw & Co
New York
|
-$14M |
PAG Hedge Fund Activity: Q4 2023 in Review
365 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q4 2023, worth a combined $2.85B — down 5.9% from $3.02B a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new PAG positions and 38 closed out — a net gain of 14 holders — while 103 added to existing stakes and 142 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $65.6M. The largest seller was Dimensional Fund Advisors, cutting an estimated $47.1M.
- 365 institutional investors held Penske Automotive Group (PAG) as of Q4 2023, up from 354 in Q3 2023.
- Funds reported $2.85B of Penske Automotive Group stock for Q4 2023, down 5.9% quarter-over-quarter.
- 52 funds opened new Penske Automotive Group positions in Q4 2023 and 38 closed out, a net change of +14 holders.
- The largest Penske Automotive Group buyer in Q4 2023 was Morgan Stanley, an estimated $65.6M added.
- The largest Penske Automotive Group seller in Q4 2023 was Dimensional Fund Advisors, an estimated $47.1M sold.
Based on aggregated 13F filings for Q4 2023.