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Penske Automotive Group
PAG

348 hedge funds and large institutions have $3.08B invested in Penske Automotive Group in 2023 Q2 according to their latest regulatory filings, with 48 funds opening new positions, 91 increasing their positions, 137 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

473% more call options, than puts

Call options by funds: $54.5M | Put options by funds: $9.51M

60% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 30

7% more capital invested

Capital invested by funds: $2.88B → $3.08B (+$202M)

5% more funds holding

Funds holding: 332 → 348 (+16)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

3.43% less ownership

Funds ownership: 30.24% → 26.81% (-3.4%)

34% less repeat investments, than reductions

Existing positions increased: 91 | Existing positions reduced: 137

Holders
348
Holders Change
+16
Holders Change %
+4.82%
% of All Funds
5.46%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
48
Increased
91
Reduced
137
Closed
30
Calls
$54.5M
Puts
$9.51M
Net Calls
+$45M
Net Calls Change
+$48.3M

Top Buyers

1
Millennium Management
Millennium Management
New York
+$15.7M
2
Jane Street
Jane Street
New York
+$9.03M
3
Tudor Investment Corp
Tudor Investment Corp
Connecticut
+$7.19M
4
Squarepoint
Squarepoint
New York
+$6.29M
5
ACM
Arosa Capital Management
Florida
+$3.05M

Top Sellers

1
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$87.6M
2
Bank of America
Bank of America
North Carolina
-$26.3M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$24.7M
4
Vanguard Group
Vanguard Group
Pennsylvania
-$24.7M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$21.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
E
101
Ergoteles
New York
$2.55M +$2.22M +15,282 New
Envestnet Asset Management
102
Envestnet Asset Management
Illinois
$2.5M -$87.6M -603,951 -98%
DA
103
Duality Advisers
Florida
$2.48M +$2.16M +14,886 New
HIS
104
Harvest Investment Services
Illinois
$2.42M +$593K +4,088 +39%
QCM
105
Quantinno Capital Management
New York
$2.35M +$113K +780 +6%
KCM
106
Kendall Capital Management
Maryland
$2.27M -$111K -765 -5%
PCM
107
Palisade Capital Management
New Jersey
$2.27M +$308K +2,126 +19%
TCA
108
Transcend Capital Advisors
New Jersey
$2.16M – – –
LTAS
109
Linden Thomas Advisory Services
North Carolina
$2.13M +$152K +1,047 +9%
PGIM
110
Pacific Global Investment Management
California
$2.11M -$227K -1,563 -11%
Teacher Retirement System of Texas
111
Teacher Retirement System of Texas
Texas
$2.1M -$593K -4,088 -24%
SO
112
STRS Ohio
Ohio
$2.08M -$189K -1,300 -9%
WI
113
WBI Investments
New Jersey
$1.96M +$166K +1,146 +11%
Two Sigma Investments
114
Two Sigma Investments
New York
$1.92M -$15.4M -106,360 -90%
Ohio Public Employees Retirement System (OPERS)
115
Ohio Public Employees Retirement System (OPERS)
Ohio
$1.91M -$612K -4,220 -27%
LS
116
Livforsakringsbolaget Skandia
Sweden
$1.87M -$174K -1,200 -10%
Aviva
117
Aviva
United Kingdom
$1.78M +$273K +1,879 +21%
AllianceBernstein
118
AllianceBernstein
Tennessee
$1.76M -$197K -1,359 -11%
BCM
119
Bridgeway Capital Management
Texas
$1.75M – – –
SP
120
Symmetry Partners
Connecticut
$1.74M +$24.1K +166 +2%
Russell Investments Group
121
Russell Investments Group
United Kingdom
$1.71M -$406K -2,801 -21%
RIM
122
Redwood Investment Management
Arizona
$1.65M -$149K -1,024 -9%
Susquehanna International Group
123
Susquehanna International Group
Pennsylvania
$1.63M -$2.39M -16,467 -63%
Ensign Peak Advisors
124
Ensign Peak Advisors
Utah
$1.6M – – –
DFCM
125
Dark Forest Capital Management
Puerto Rico
$1.56M +$446K +3,072 +49%
3 4
5
6 7

PAG Hedge Fund Activity: Q2 2023 in Review

348 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q2 2023, worth a combined $3.08B — up 7% from $2.88B a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new PAG positions and 30 closed out — a net gain of 18 holders — while 91 added to existing stakes and 137 trimmed.

The largest buyer was Millennium Management, adding an estimated $15.7M. The largest seller was Envestnet Asset Management, cutting an estimated $87.6M.

  • 348 institutional investors held Penske Automotive Group (PAG) as of Q2 2023, up from 332 in Q1 2023.
  • Funds reported $3.08B of Penske Automotive Group stock for Q2 2023, up 7% quarter-over-quarter.
  • 48 funds opened new Penske Automotive Group positions in Q2 2023 and 30 closed out, a net change of +18 holders.
  • The largest Penske Automotive Group buyer in Q2 2023 was Millennium Management, an estimated $15.7M added.
  • The largest Penske Automotive Group seller in Q2 2023 was Envestnet Asset Management, an estimated $87.6M sold.

Based on aggregated 13F filings for Q2 2023.