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Penske Automotive Group
PAG

259 hedge funds and large institutions have $1.75B invested in Penske Automotive Group in 2018 Q3 according to their latest regulatory filings, with 44 funds opening new positions, 90 increasing their positions, 77 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

448% more call options, than puts

Call options by funds: $12.8M | Put options by funds: $2.35M

83% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 24

17% more repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 77

8% more funds holding

Funds holding: 240 → 259 (+19)

3% more capital invested

Capital invested by funds: $1.7B → $1.75B (+$48.7M)

0.78% more ownership

Funds ownership: 42.64% → 43.42% (+0.78%)

Holders
259
Holders Change
+19
Holders Change %
+7.92%
% of All Funds
5.92%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
44
Increased
90
Reduced
77
Closed
24
Calls
$12.8M
Puts
$2.35M
Net Calls
+$10.5M
Net Calls Change
+$511K

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$28.6M
2
Victory Capital Management
Victory Capital Management
Texas
+$21M
3
Marshall Wace
Marshall Wace
United Kingdom
+$18.9M
4
JP Morgan Chase
JP Morgan Chase
New York
+$10.4M
5
Norges Bank
Norges Bank
Norway
+$6.18M

Top Sellers

Rank Fund Capital Flow
1
FMI
Fiduciary Management Inc
Wisconsin
-$16.6M
2
PFMOSF
Philadelphia Financial Management of San Francisco
California
-$13.9M
3
CB
Cooke & Bieler
Pennsylvania
-$10.1M
4
LCOV
London Company of Virginia
Virginia
-$9.89M
5
Deutsche Bank
Deutsche Bank
Germany
-$9.57M
Name Holding Trade Value Shares
Change 		Change in
Stake
RJFSA
101
Raymond James Financial Services Advisors
Florida
$1.12M -$49.7K -978 -4%
Citigroup
102
Citigroup
New York
$1.12M +$299K +5,875 +33%
LBC
103
Lowe Brockenbrough & Co
Virginia
$1.11M -$30.5K -600 -2%
Tudor Investment Corp
104
Tudor Investment Corp
Connecticut
$1.05M +$1.12M +22,111 New
Macquarie Group
105
Macquarie Group
Australia
$1.01M -$132K -2,600 -11%
LCM
106
Logan Capital Management
Pennsylvania
$986K +$38.9K +766 +4%
SG Americas Securities
107
SG Americas Securities
New York
$963K +$662K +13,014 +178%
LPL Financial
108
LPL Financial
California
$884K +$98.4K +1,936 +12%
LSA
109
L & S Advisors
California
$883K +$948K +18,640 New
IA
110
IFP Advisors
Florida
$869K +$9.56K +188 +1%
GHCM
111
Glen Harbor Capital Management
California
$867K +$930K +18,292 New
GCP
112
GSA Capital Partners
United Kingdom
$853K -$386K -7,583 -30%
Holocene Advisors
113
Holocene Advisors
New York
$851K +$394K +7,753 +76%
ARTA
114
A.R.T. Advisors
New York
$834K +$895K +17,600 New
HK
115
Horizon Kinetics
New York
$810K -$34K -668 -4%
Treasurer of the State of North Carolina
116
Treasurer of the State of North Carolina
North Carolina
$806K +$296K +5,832 +52%
CSS
117
Cubist Systematic Strategies
Connecticut
$770K +$373K +7,331 +82%
CIBC World Market
118
CIBC World Market
Ontario, Canada
$755K +$810K +15,934 New
EMG
119
Ellington Management Group
Connecticut
$733K -$666K -13,103 -46%
MCIM
120
Meadow Creek Investment Management
Georgia
$714K +$766K +15,064 New
RJA
121
Raymond James & Associates
Florida
$712K +$1.68K +33 +0.2%
SEI Investments
122
SEI Investments
Pennsylvania
$699K -$20.7K -407 -3%
Allianz Asset Management
123
Allianz Asset Management
Germany
$696K – – –
WS
124
Wedbush Securities
California
$683K +$11.7K +230 +2%
USAA
125
United Services Automobile Association
Texas
$631K +$384K +7,550 +131%
3 4
5
6 7

PAG Hedge Fund Activity: Q3 2018 in Review

259 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q3 2018, worth a combined $1.75B — up 2.9% from $1.7B a quarter earlier.

Buyers outnumbered sellers: 44 funds opened new PAG positions and 24 closed out — a net gain of 20 holders — while 90 added to existing stakes and 77 trimmed.

The largest buyer was BlackRock, adding an estimated $28.6M. The largest seller was Fiduciary Management Inc, cutting an estimated $16.6M.

  • 259 institutional investors held Penske Automotive Group (PAG) as of Q3 2018, up from 240 in Q2 2018.
  • Funds reported $1.75B of Penske Automotive Group stock for Q3 2018, up 2.9% quarter-over-quarter.
  • 44 funds opened new Penske Automotive Group positions in Q3 2018 and 24 closed out, a net change of +20 holders.
  • The largest Penske Automotive Group buyer in Q3 2018 was BlackRock, an estimated $28.6M added.
  • The largest Penske Automotive Group seller in Q3 2018 was Fiduciary Management Inc, an estimated $16.6M sold.

Based on aggregated 13F filings for Q3 2018.