Penske Automotive Group
212 hedge funds and large institutions have $1.06B invested in Penske Automotive Group in 2016 Q2 according to their latest regulatory filings, with 37 funds opening new positions, 79 increasing their positions, 68 reducing their positions, and 28 closing their positions.
63% more call options, than puts
Call options by funds: $7.29M | Put options by funds: $4.46M
32% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 28
16% more repeat investments, than reductions
Existing positions increased: 79 | Existing positions reduced: 68
4% more funds holding
Funds holding: 204 → 212 (+8)
0.1% more ownership
Funds ownership: 40.93% → 41.02% (+0.1%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
17% less capital invested
Capital invested by funds: $1.28B → $1.06B (-$221M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
+$36.2M |
| 2 |
PP
Prudential plc
London, England,
United Kingdom
|
+$10.7M |
| 3 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
+$10.2M |
| 4 |
JP Morgan Chase
New York
|
+$8.53M |
| 5 |
HAM
HHR Asset Management
Berkeley Heights,
New Jersey
|
+$7.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$24.9M |
| 2 |
NC
Nicholas Company
Milwaukee,
Wisconsin
|
-$19.6M |
| 3 |
Principal Financial Group
Des Moines,
Iowa
|
-$12.6M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
-$12.3M |
| 5 |
GIG
Goodnow Investment Group
Darien,
Connecticut
|
-$9.97M |
PAG Hedge Fund Activity: Q2 2016 in Review
212 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q2 2016, worth a combined $1.06B — down 17% from $1.28B a quarter earlier.
Buyers outnumbered sellers: 37 funds opened new PAG positions and 28 closed out — a net gain of 9 holders — while 79 added to existing stakes and 68 trimmed.
The largest buyer was Fiduciary Management Inc, opening a new position worth an estimated $36.2M. The largest seller was Victory Capital Management, cutting an estimated $24.9M.
- 212 institutional investors held Penske Automotive Group (PAG) as of Q2 2016, up from 204 in Q1 2016.
- Funds reported $1.06B of Penske Automotive Group stock for Q2 2016, down 17% quarter-over-quarter.
- 37 funds opened new Penske Automotive Group positions in Q2 2016 and 28 closed out, a net change of +9 holders.
- The largest Penske Automotive Group buyer in Q2 2016 was Fiduciary Management Inc, an estimated $36.2M added.
- The largest Penske Automotive Group seller in Q2 2016 was Victory Capital Management, an estimated $24.9M sold.
Based on aggregated 13F filings for Q2 2016.