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Penske Automotive Group
PAG

217 hedge funds and large institutions have $1.58B invested in Penske Automotive Group in 2017 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 75 increasing their positions, 73 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

238% more call options, than puts

Call options by funds: $7.93M | Put options by funds: $2.35M

17% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 29

3% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 73

1.35% less ownership

Funds ownership: 40.79% → 39.44% (-1.4%)

2% less funds holding

Funds holding: 221 → 217 (-4)

12% less capital invested

Capital invested by funds: $1.8B → $1.58B (-$224M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
217
Holders Change
-4
Holders Change %
-1.81%
% of All Funds
5.4%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
34
Increased
75
Reduced
73
Closed
29
Calls
$7.93M
Puts
$2.35M
Net Calls
+$5.58M
Net Calls Change
-$2.03M

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$83.4M
2
RCAMU
Rothschild & Co Asset Management US
Connecticut
+$15M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$13.5M
4
PP
PDT Partners
New York
+$12.4M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$9.3M

Top Sellers

Rank Fund Capital Flow
1
BAM
Burgundy Asset Management
Ontario, Canada
-$37.7M
2
Capital Research Global Investors
Capital Research Global Investors
California
-$15.9M
3
GI
GAMCO Investors
Connecticut
-$14.8M
4
FIM
Foresters Investment Management
New York
-$13.4M
5
JP Morgan Chase
JP Morgan Chase
New York
-$12M
Name Holding Trade Value Shares
Change 		Change in
Stake
ACI
126
AMP Capital Investors
Australia
$555K – – –
VOYA Investment Management
127
VOYA Investment Management
Georgia
$549K -$14K -273 -2%
JMPWA
128
JP Morgan Private Wealth Advisors
California
$510K -$64.4K -1,260 -10%
HMS
129
Hanseatic Management Services
New Mexico
$507K +$307 +6 +0.1%
AW
130
Alpha Windward
Massachusetts
$471K -$18.4K -360 -3%
LCM
131
Laurion Capital Management
New York
$468K +$511K +10,000 New
ST
132
Smithfield Trust
Pennsylvania
$458K -$139K -2,716 -22%
FIM
133
Fruth Investment Management
Texas
$454K – – –
RCA
134
Rowland Carmichael Advisors
Arizona
$432K – – –
Public Employees Retirement Association of Colorado
135
Public Employees Retirement Association of Colorado
Colorado
$429K -$2.81K -55 -0.6%
PWPCM
136
Perella Weinberg Partners Capital Management
New York
$413K +$450K +8,814 New
DVM
137
Dreman Value Management
Florida
$411K – – –
AIM
138
Assured Investment Management
New York
$411K +$449K +8,788 New
GC
139
Guggenheim Capital
Illinois
$408K -$353K -6,907 -44%
Federated Hermes
140
Federated Hermes
Pennsylvania
$378K -$38.8K -760 -9%
SCA
141
Secor Capital Advisors
New York
$361K +$394K +7,718 New
M&T Bank
142
M&T Bank
New York
$360K -$189K -3,691 -32%
State of Wisconsin Investment Board
143
State of Wisconsin Investment Board
Wisconsin
$359K -$673K -13,160 -63%
AG
144
Aperio Group
California
$343K -$53.3K -1,042 -12%
OAM
145
Oppenheimer Asset Management
New York
$333K +$363K +7,098 New
CANY
146
Caxton Associates (New York)
New York
$328K +$358K +7,000 New
URS
147
Utah Retirement Systems
Utah
$327K – – –
Principal Financial Group
148
Principal Financial Group
Iowa
$323K -$5.67K -111 -2%
PNC Financial Services Group
149
PNC Financial Services Group
Pennsylvania
$317K +$169K +3,300 +95%
GCA
150
Gideon Capital Advisors
New York
$313K +$341K +6,680 New
4 5
6
7 8

PAG Hedge Fund Activity: Q1 2017 in Review

217 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q1 2017, worth a combined $1.58B — down 12% from $1.8B a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new PAG positions and 29 closed out — a net gain of 5 holders — while 75 added to existing stakes and 73 trimmed.

The largest buyer was BlackRock, adding an estimated $83.4M. The largest seller was Burgundy Asset Management, cutting an estimated $37.7M.

  • 217 institutional investors held Penske Automotive Group (PAG) as of Q1 2017, down from 221 in Q4 2016.
  • Funds reported $1.58B of Penske Automotive Group stock for Q1 2017, down 12% quarter-over-quarter.
  • 34 funds opened new Penske Automotive Group positions in Q1 2017 and 29 closed out, a net change of +5 holders.
  • The largest Penske Automotive Group buyer in Q1 2017 was BlackRock, an estimated $83.4M added.
  • The largest Penske Automotive Group seller in Q1 2017 was Burgundy Asset Management, an estimated $37.7M sold.

Based on aggregated 13F filings for Q1 2017.