Penske Automotive Group
351 hedge funds and large institutions have $2.53B invested in Penske Automotive Group in 2024 Q2 according to their latest regulatory filings, with 42 funds opening new positions, 112 increasing their positions, 123 reducing their positions, and 49 closing their positions.
27% more call options, than puts
Call options by funds: $22.6M | Put options by funds: $17.8M
0.91% less ownership
Funds ownership: 26.25% → 25.34% (-0.91%)
9% less repeat investments, than reductions
Existing positions increased: 112 | Existing positions reduced: 123
3% less funds holding
Funds holding: 362 → 351 (-11)
11% less capital invested
Capital invested by funds: $2.85B → $2.53B (-$322M)
14% less first-time investments, than exits
New positions opened: 42 | Existing positions closed: 49
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$22.1M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$15.1M |
| 3 |
Verition Fund Management
Greenwich,
Connecticut
|
+$8.75M |
| 4 |
Goldman Sachs
New York
|
+$8.35M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
+$7.97M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$27M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$24.2M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
-$23.9M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$23.7M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$16.7M |
PAG Hedge Fund Activity: Q2 2024 in Review
351 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q2 2024, worth a combined $2.53B — down 11% from $2.85B a quarter earlier.
Sellers outnumbered buyers: 49 funds closed out of PAG and 42 opened new positions — a net loss of 7 holders — while 123 trimmed existing stakes and 112 added.
The largest buyer was BlackRock, adding an estimated $22.1M. The largest seller was T. Rowe Price Associates, cutting an estimated $27M.
- 351 institutional investors held Penske Automotive Group (PAG) as of Q2 2024, down from 362 in Q1 2024.
- Funds reported $2.53B of Penske Automotive Group stock for Q2 2024, down 11% quarter-over-quarter.
- 42 funds opened new Penske Automotive Group positions in Q2 2024 and 49 closed out, a net change of -7 holders.
- The largest Penske Automotive Group buyer in Q2 2024 was BlackRock, an estimated $22.1M added.
- The largest Penske Automotive Group seller in Q2 2024 was T. Rowe Price Associates, an estimated $27M sold.
Based on aggregated 13F filings for Q2 2024.