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Penske Automotive Group
PAG

220 hedge funds and large institutions have $1.64B invested in Penske Automotive Group in 2019 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 75 increasing their positions, 84 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

499% more call options, than puts

Call options by funds: $4.96M | Put options by funds: $828K

0.09% more ownership

Funds ownership: 42.24% → 42.33% (+0.09%)

2% less capital invested

Capital invested by funds: $1.67B → $1.64B (-$28.7M)

6% less funds holding

Funds holding: 234 → 220 (-14)

11% less repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 84

39% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 36

Holders
220
Holders Change
-14
Holders Change %
-5.98%
% of All Funds
4.82%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
22
Increased
75
Reduced
84
Closed
36
Calls
$4.96M
Puts
$828K
Net Calls
+$4.13M
Net Calls Change
-$3.06M

Top Buyers

Rank Fund Capital Flow
1
CVA
Ceredex Value Advisors
Florida
+$14.4M
2
Morgan Stanley
Morgan Stanley
New York
+$6.76M
3
PSP
Principal Street Partners
Tennessee
+$5.27M
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$4.93M
5
WG
Winton Group
United Kingdom
+$4.78M

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$9.85M
2
CI Investments Inc
CI Investments Inc
Ontario, Canada
-$7.87M
3
Goldman Sachs
Goldman Sachs
New York
-$6.49M
4
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
-$5.13M
5
Vanguard Group
Vanguard Group
Pennsylvania
-$4.85M
Name Holding Trade Value Shares
Change 		Change in
Stake
JIR
151
James Investment Research
Ohio
$315K – – –
RJA
152
Raymond James & Associates
Florida
$312K +$33.6K +742 +13%
PCMC
153
Paragon Capital Management (Colorado)
Colorado
$308K -$40.8K -903 -12%
URS
154
Utah Retirement Systems
Utah
$303K -$9.05K -200 -3%
VOYA Investment Management
155
VOYA Investment Management
Georgia
$292K -$1.59M -35,235 -85%
IA
156
IFP Advisors
Florida
$292K +$285K +6,304 New
CIBC World Market
157
CIBC World Market
Ontario, Canada
$283K -$426K -9,411 -61%
Public Employees Retirement Association of Colorado
158
Public Employees Retirement Association of Colorado
Colorado
$279K – – –
AIL
159
AGF Investments LLC
Ontario, Canada
$275K -$136 -3 -0.1%
SRAM
160
Stone Ridge Asset Management
New York
$256K -$412K -9,100 -63%
IRC
161
Investors Research Corp
Georgia
$253K – – –
ZCM
162
Zebra Capital Management
Connecticut
$247K -$501K -11,083 -68%
ONB
163
Old National Bancorp
Indiana
$240K +$229K +5,058 New
PAM
164
Panagora Asset Management
Massachusetts
$238K -$950 -21 -0.4%
TI
165
Trexquant Investment
Connecticut
$236K +$226K +4,986 New
State of Wisconsin Investment Board
166
State of Wisconsin Investment Board
Wisconsin
$229K -$5.88K -130 -3%
HF
167
HRT Financial
New York
$216K +$207K +4,573 New
EGM
168
Engineers Gate Manager
New York
$209K +$200K +4,431 New
ASN
169
Advisory Services Network
Georgia
$179K – – –
Point72 Asset Management
170
Point72 Asset Management
Connecticut
$163K +$156K +3,454 New
Zurich Cantonal Bank
171
Zurich Cantonal Bank
Switzerland
$102K – – –
SIAS
172
Shine Investment Advisory Services
Colorado
$82K – – –
PK
173
Pflug Koory
Nebraska
$74K -$4.52K -100 -6%
Royal Bank of Canada
174
Royal Bank of Canada
Ontario, Canada
$73K -$1.72K -38 -2%
Bank of Montreal
175
Bank of Montreal
Ontario, Canada
$69K +$17K +376 +35%
5 6
7
8 9

PAG Hedge Fund Activity: Q3 2019 in Review

220 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q3 2019, worth a combined $1.64B — down 1.7% from $1.67B a quarter earlier.

Sellers outnumbered buyers: 36 funds closed out of PAG and 22 opened new positions — a net loss of 14 holders — while 84 trimmed existing stakes and 75 added.

The largest buyer was Ceredex Value Advisors, adding an estimated $14.4M. The largest seller was BlackRock, cutting an estimated $9.85M.

  • 220 institutional investors held Penske Automotive Group (PAG) as of Q3 2019, down from 234 in Q2 2019.
  • Funds reported $1.64B of Penske Automotive Group stock for Q3 2019, down 1.7% quarter-over-quarter.
  • 22 funds opened new Penske Automotive Group positions in Q3 2019 and 36 closed out, a net change of -14 holders.
  • The largest Penske Automotive Group buyer in Q3 2019 was Ceredex Value Advisors, an estimated $14.4M added.
  • The largest Penske Automotive Group seller in Q3 2019 was BlackRock, an estimated $9.85M sold.

Based on aggregated 13F filings for Q3 2019.