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Penske Automotive Group

240 hedge funds and large institutions have $1.7B invested in Penske Automotive Group in 2018 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 74 increasing their positions, 84 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

239% more call options, than puts

Call options by funds: $14.2M | Put options by funds: $4.17M

26% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 31

6% more capital invested

Capital invested by funds: $1.6B → $1.7B (+$97.5M)

2% more funds holding

Funds holding: 236240 (+4)

0.72% more ownership

Funds ownership: 41.92%42.64% (+0.72%)

12% less repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 84

Holders
240
Holders Change
+4
Holders Change %
+1.69%
% of All Funds
5.49%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
39
Increased
74
Reduced
84
Closed
31
Calls
$14.2M
Puts
$4.17M
Net Calls
+$9.99M
Net Calls Change
+$5.99M
Name Holding Trade Value Shares
Change
Change in
Stake
GAM
126
Griffin Asset Management
New York
$539K -$9.43K -200 -2%
AG
127
Aperio Group
California
$532K +$113K +2,397 +27%
Treasurer of the State of North Carolina
128
Treasurer of the State of North Carolina
North Carolina
$523K +$201K +4,257 +62%
SCC
129
Spring Creek Capital
Kansas
$508K +$511K +10,833 New
AW
130
Alpha Windward
Massachusetts
$495K +$5.66K +120 +1%
Federated Hermes
131
Federated Hermes
Pennsylvania
$488K -$35.8K -760 -7%
Holocene Advisors
132
Holocene Advisors
New York
$478K +$481K +10,207 New
SMC
133
S. Muoio & Co
New York
$469K +$472K +10,000 New
SRAM
134
Stone Ridge Asset Management
New York
$451K
ATC
135
Argent Trust Co
Tennessee
$446K +$450K +9,534 New
HSBC Holdings
136
HSBC Holdings
United Kingdom
$442K
RCA
137
Rowland Carmichael Advisors
Arizona
$433K
FIM
138
Fruth Investment Management
Texas
$426K -$9.43K -200 -2%
CSS
139
Cubist Systematic Strategies
Connecticut
$418K -$519K -11,007 -55%
DAM
140
Diamant Asset Management
Connecticut
$385K -$3.54K -75 -0.9%
EGM
141
Engineers Gate Manager
New York
$384K +$387K +8,200 New
PTC
142
Petrus Trust Company
Texas
$379K +$382K +8,100 New
T. Rowe Price Associates
143
T. Rowe Price Associates
Maryland
$373K +$5.66K +120 +2%
Teacher Retirement System of Texas
144
Teacher Retirement System of Texas
Texas
$367K -$33.9K -719 -8%
XK
145
Xact Kapitalforvaltning
Sweden
$352K +$75.5K +1,600 +27%
VOYA Investment Management
146
VOYA Investment Management
Georgia
$350K -$93.1K -1,974 -21%
RQS
147
Ramsey Quantitative Systems
Kentucky
$348K +$105K +2,216 +43%
SG Americas Securities
148
SG Americas Securities
New York
$342K +$179K +3,805 +109%
Public Employees Retirement Association of Colorado
149
Public Employees Retirement Association of Colorado
Colorado
$338K -$1.56K -33 -0.5%
B
150
Barings
North Carolina
$337K -$217K -4,600 -39%

PAG Hedge Fund Activity: Q2 2018 in Review

240 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q2 2018, worth a combined $1.7B — up 6.1% from $1.6B a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new PAG positions and 31 closed out — a net gain of 8 holders — while 74 added to existing stakes and 84 trimmed.

The largest buyer was CI Investments Inc, opening a new position worth an estimated $42.6M. The largest seller was DePrince Race & Zollo Inc (DRZ), exiting entirely with an estimated $30M sold.

  • 240 institutional investors held Penske Automotive Group (PAG) as of Q2 2018, up from 236 in Q1 2018.
  • Funds reported $1.7B of Penske Automotive Group stock for Q2 2018, up 6.1% quarter-over-quarter.
  • 39 funds opened new Penske Automotive Group positions in Q2 2018 and 31 closed out, a net change of +8 holders.
  • The largest Penske Automotive Group buyer in Q2 2018 was CI Investments Inc, an estimated $42.6M added.
  • The largest Penske Automotive Group seller in Q2 2018 was DePrince Race & Zollo Inc (DRZ), an estimated $30M sold.

Based on aggregated 13F filings for Q2 2018.