Penske Automotive Group
332 hedge funds and large institutions have $2.88B invested in Penske Automotive Group in 2023 Q1 according to their latest regulatory filings, with 41 funds opening new positions, 108 increasing their positions, 128 reducing their positions, and 32 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
39% more capital invested
Capital invested by funds: $2.07B → $2.88B (+$810M)
28% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 32
2% more funds holding
Funds holding: 325 → 332 (+7)
0.66% more ownership
Funds ownership: 29.58% → 30.24% (+0.66%)
10% less call options, than puts
Call options by funds: $28.4M | Put options by funds: $31.7M
16% less repeat investments, than reductions
Existing positions increased: 108 | Existing positions reduced: 128
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$80.1M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$38.6M |
| 3 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$27.1M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$12.8M |
| 5 |
BlackRock
New York
|
+$11.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dimensional Fund Advisors
Austin,
Texas
|
-$48.5M |
| 2 |
Goldman Sachs
New York
|
-$23.3M |
| 3 |
LCOV
London Company of Virginia
Richmond,
Virginia
|
-$20.1M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$17.5M |
| 5 |
HF
HRT Financial
New York
|
-$12.7M |
PAG Hedge Fund Activity: Q1 2023 in Review
332 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q1 2023, worth a combined $2.88B — up 39% from $2.07B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new PAG positions and 32 closed out — a net gain of 9 holders — while 108 added to existing stakes and 128 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $80.1M. The largest seller was Dimensional Fund Advisors, cutting an estimated $48.5M.
- 332 institutional investors held Penske Automotive Group (PAG) as of Q1 2023, up from 325 in Q4 2022.
- Funds reported $2.88B of Penske Automotive Group stock for Q1 2023, up 39% quarter-over-quarter.
- 41 funds opened new Penske Automotive Group positions in Q1 2023 and 32 closed out, a net change of +9 holders.
- The largest Penske Automotive Group buyer in Q1 2023 was Envestnet Asset Management, an estimated $80.1M added.
- The largest Penske Automotive Group seller in Q1 2023 was Dimensional Fund Advisors, an estimated $48.5M sold.
Based on aggregated 13F filings for Q1 2023.