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Penske Automotive Group

240 hedge funds and large institutions have $1.7B invested in Penske Automotive Group in 2018 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 74 increasing their positions, 84 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

239% more call options, than puts

Call options by funds: $14.2M | Put options by funds: $4.17M

26% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 31

6% more capital invested

Capital invested by funds: $1.6B → $1.7B (+$97.5M)

2% more funds holding

Funds holding: 236240 (+4)

0.72% more ownership

Funds ownership: 41.92%42.64% (+0.72%)

12% less repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 84

Holders
240
Holders Change
+4
Holders Change %
+1.69%
% of All Funds
5.49%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
39
Increased
74
Reduced
84
Closed
31
Calls
$14.2M
Puts
$4.17M
Net Calls
+$9.99M
Net Calls Change
+$5.99M
Name Holding Trade Value Shares
Change
Change in
Stake
GCP
101
GSA Capital Partners
United Kingdom
$1.2M +$593K +12,578 +97%
RJFSA
102
Raymond James Financial Services Advisors
Florida
$1.16M -$178K -3,780 -13%
LBC
103
Lowe Brockenbrough & Co
Virginia
$1.13M -$32.3K -685 -3%
Macquarie Group
104
Macquarie Group
Australia
$1.12M -$94.3K -2,000 -8%
Balyasny Asset Management
105
Balyasny Asset Management
Illinois
$1.06M -$79.1K -1,678 -7%
D.E. Shaw & Co
106
D.E. Shaw & Co
New York
$1.02M -$289K -6,130 -22%
ZCM
107
Zebra Capital Management
Connecticut
$943K -$256K -5,438 -21%
LCM
108
Logan Capital Management
Pennsylvania
$939K +$276K +5,860 +41%
CBOA
109
Commonwealth Bank of Australia
Australia
$913K +$212K +4,500 +30%
IA
110
IFP Advisors
Florida
$850K +$29.5K +625 +4%
Citigroup
111
Citigroup
New York
$832K +$32K +679 +4%
HK
112
Horizon Kinetics
New York
$831K -$54.8K -1,161 -6%
Two Sigma Investments
113
Two Sigma Investments
New York
$818K -$2.77M -58,640 -77%
LPL Financial
114
LPL Financial
California
$783K +$109K +2,316 +16%
AllianceBernstein
115
AllianceBernstein
Tennessee
$780K -$35.4K -750 -4%
QT
116
Quantbot Technologies
New York
$725K -$473K -10,024 -39%
SEI Investments
117
SEI Investments
Pennsylvania
$711K -$171K -3,635 -19%
RJA
118
Raymond James & Associates
Florida
$703K +$14.9K +316 +2%
Allianz Asset Management
119
Allianz Asset Management
Germany
$688K
Royal Bank of Canada
120
Royal Bank of Canada
Ontario, Canada
$687K -$755 -16 -0.1%
3C
121
361 Capital
Colorado
$668K +$672K +14,258 New
WS
122
Wedbush Securities
California
$664K -$44.8K -950 -6%
QSS
123
Quantitative Systematic Strategies
Florida
$594K +$598K +12,674 New
FCH
124
Freestone Capital Holdings
Washington
$559K -$60.7K -1,287 -10%
ACI
125
AMP Capital Investors
Australia
$546K

PAG Hedge Fund Activity: Q2 2018 in Review

240 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q2 2018, worth a combined $1.7B — up 6.1% from $1.6B a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new PAG positions and 31 closed out — a net gain of 8 holders — while 74 added to existing stakes and 84 trimmed.

The largest buyer was CI Investments Inc, opening a new position worth an estimated $42.6M. The largest seller was DePrince Race & Zollo Inc (DRZ), exiting entirely with an estimated $30M sold.

  • 240 institutional investors held Penske Automotive Group (PAG) as of Q2 2018, up from 236 in Q1 2018.
  • Funds reported $1.7B of Penske Automotive Group stock for Q2 2018, up 6.1% quarter-over-quarter.
  • 39 funds opened new Penske Automotive Group positions in Q2 2018 and 31 closed out, a net change of +8 holders.
  • The largest Penske Automotive Group buyer in Q2 2018 was CI Investments Inc, an estimated $42.6M added.
  • The largest Penske Automotive Group seller in Q2 2018 was DePrince Race & Zollo Inc (DRZ), an estimated $30M sold.

Based on aggregated 13F filings for Q2 2018.