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Penske Automotive Group
PAG

221 hedge funds and large institutions have $1.8B invested in Penske Automotive Group in 2016 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 62 increasing their positions, 91 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

264% more call options, than puts

Call options by funds: $10.5M | Put options by funds: $2.89M

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

69% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 26

7% more funds holding

Funds holding: 207 → 221 (+14)

2% more capital invested

Capital invested by funds: $1.77B → $1.8B (+$36.3M)

4.05% less ownership

Funds ownership: 44.84% → 40.79% (-4%)

32% less repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 91

Holders
221
Holders Change
+14
Holders Change %
+6.76%
% of All Funds
5.52%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
44
Increased
62
Reduced
91
Closed
26
Calls
$10.5M
Puts
$2.89M
Net Calls
+$7.61M
Net Calls Change
+$2.25M

Top Buyers

Rank Fund Capital Flow
1
Renaissance Technologies
Renaissance Technologies
New York
+$11.5M
2
Millennium Management
Millennium Management
New York
+$9.89M
3
BGIM
Brandywine Global Investment Management
Pennsylvania
+$8.94M
4
BAM
Burgundy Asset Management
Ontario, Canada
+$7.86M
5
LSV Asset Management
LSV Asset Management
Illinois
+$7.31M

Top Sellers

Rank Fund Capital Flow
1
First Trust Advisors
First Trust Advisors
Illinois
-$33.2M
2
HAM
HHR Asset Management
New Jersey
-$30.8M
3
CI
Cambiar Investors
Colorado
-$29.6M
4
GKIM
GW&K Investment Management
Massachusetts
-$15.9M
5
Norges Bank
Norges Bank
Norway
-$13.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
URS
151
Utah Retirement Systems
Utah
$363K +$4.88K +100 +1%
Principal Financial Group
152
Principal Financial Group
Iowa
$363K +$7.26K +149 +2%
JIM
153
Jupiter Investment Management
United Kingdom
$362K +$341K +7,000 New
CCM
154
Cadence Capital Management
Massachusetts
$356K -$2.88K -59 -0.9%
GWM
155
GSB Wealth Management
Connecticut
$327K +$307K +6,300 New
HSBC Holdings
156
HSBC Holdings
United Kingdom
$326K -$391K -8,031 -56%
MCA
157
Mercer Capital Advisers
New Jersey
$307K -$403K -8,274 -58%
FIM
158
Freedom Investment Management
Connecticut
$305K +$287K +5,886 New
SWP
159
Stratos Wealth Partners
Ohio
$299K -$33.9K -696 -11%
SSA
160
Schonfeld Strategic Advisors
New York
$288K +$271K +5,559 New
CSS
161
Cubist Systematic Strategies
Connecticut
$286K +$269K +5,514 New
AB
162
Amalgamated Bank
New York
$277K +$33.3K +684 +15%
CCB
163
Cutter & Co Brokerage
Missouri
$270K +$29.2K +600 +13%
OAM
164
Occidental Asset Management
California
$263K +$247K +5,071 New
PAM
165
Panagora Asset Management
Massachusetts
$261K – – –
BF
166
BOK Financial
Oklahoma
$260K -$12.7K -260 -5%
WSA
167
Wall Street Associates
California
$259K – – –
ZDA
168
Zweig-DiMenna Associates
New York
$254K +$239K +4,900 New
SAM
169
Silvercrest Asset Management
New York
$246K +$231K +4,740 New
SI
170
Stephens Inc
Arkansas
$239K -$824K -16,896 -79%
FAAS
171
First Allied Advisory Services
California
$238K -$6.97K -143 -3%
TI
172
Trexquant Investment
Connecticut
$233K +$219K +4,500 New
Pacer Advisors
173
Pacer Advisors
Pennsylvania
$222K +$2.15K +44 +1%
Envestnet Asset Management
174
Envestnet Asset Management
Illinois
$221K -$729K -14,946 -78%
YMRC
175
Yorktown Management & Research Company
Virginia
$218K – – –
5 6
7
8 9

PAG Hedge Fund Activity: Q4 2016 in Review

221 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q4 2016, worth a combined $1.8B — up 2.1% from $1.77B a quarter earlier.

Buyers outnumbered sellers: 44 funds opened new PAG positions and 26 closed out — a net gain of 18 holders — while 62 added to existing stakes and 91 trimmed.

The largest buyer was Renaissance Technologies, opening a new position worth an estimated $11.5M. The largest seller was First Trust Advisors, cutting an estimated $33.2M.

  • 221 institutional investors held Penske Automotive Group (PAG) as of Q4 2016, up from 207 in Q3 2016.
  • Funds reported $1.8B of Penske Automotive Group stock for Q4 2016, up 2.1% quarter-over-quarter.
  • 44 funds opened new Penske Automotive Group positions in Q4 2016 and 26 closed out, a net change of +18 holders.
  • The largest Penske Automotive Group buyer in Q4 2016 was Renaissance Technologies, an estimated $11.5M added.
  • The largest Penske Automotive Group seller in Q4 2016 was First Trust Advisors, an estimated $33.2M sold.

Based on aggregated 13F filings for Q4 2016.