Penske Automotive Group
260 hedge funds and large institutions have $1.66B invested in Penske Automotive Group in 2019 Q1 according to their latest regulatory filings, with 40 funds opening new positions, 90 increasing their positions, 93 reducing their positions, and 40 closing their positions.
468% more call options, than puts
Call options by funds: $11.5M | Put options by funds: $2.03M
11% more capital invested
Capital invested by funds: $1.49B → $1.66B (+$166M)
0.53% more ownership
Funds ownership: 43.65% → 44.17% (+0.53%)
0% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 40
3% less repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 93
2% less funds holding
Funds holding: 264 → 260 (-4)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
+$29.1M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$22.2M |
| 3 |
Two Sigma Investments
New York
|
+$10.6M |
| 4 |
Goldman Sachs
New York
|
+$10.2M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$9.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$22.8M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
-$17.5M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$12.7M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$11.8M |
| 5 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
-$10.4M |
PAG Hedge Fund Activity: Q1 2019 in Review
260 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q1 2019, worth a combined $1.66B — up 11% from $1.49B a quarter earlier.
Fund positioning in PAG was balanced in Q1 2019: 40 funds opened new positions, 40 closed out, 90 added to existing stakes and 93 trimmed.
The largest buyer was Ceredex Value Advisors, opening a new position worth an estimated $29.1M. The largest seller was BlackRock, cutting an estimated $22.8M.
- 260 institutional investors held Penske Automotive Group (PAG) as of Q1 2019, down from 264 in Q4 2018.
- Funds reported $1.66B of Penske Automotive Group stock for Q1 2019, up 11% quarter-over-quarter.
- 40 funds opened new Penske Automotive Group positions in Q1 2019 and 40 closed out, a net change of 0 holders.
- The largest Penske Automotive Group buyer in Q1 2019 was Ceredex Value Advisors, an estimated $29.1M added.
- The largest Penske Automotive Group seller in Q1 2019 was BlackRock, an estimated $22.8M sold.
Based on aggregated 13F filings for Q1 2019.