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Penske Automotive Group
PAG

348 hedge funds and large institutions have $3.08B invested in Penske Automotive Group in 2023 Q2 according to their latest regulatory filings, with 48 funds opening new positions, 91 increasing their positions, 137 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

473% more call options, than puts

Call options by funds: $54.5M | Put options by funds: $9.51M

60% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 30

7% more capital invested

Capital invested by funds: $2.88B → $3.08B (+$202M)

5% more funds holding

Funds holding: 332 → 348 (+16)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

3.43% less ownership

Funds ownership: 30.24% → 26.81% (-3.4%)

34% less repeat investments, than reductions

Existing positions increased: 91 | Existing positions reduced: 137

Holders
348
Holders Change
+16
Holders Change %
+4.82%
% of All Funds
5.46%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
48
Increased
91
Reduced
137
Closed
30
Calls
$54.5M
Puts
$9.51M
Net Calls
+$45M
Net Calls Change
+$48.3M

Top Buyers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
+$15.7M
2
Jane Street
Jane Street
New York
+$9.03M
3
Tudor Investment Corp
Tudor Investment Corp
Connecticut
+$7.19M
4
Squarepoint
Squarepoint
New York
+$6.29M
5
ACM
Arosa Capital Management
Florida
+$3.05M

Top Sellers

Rank Fund Capital Flow
1
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$87.6M
2
Bank of America
Bank of America
North Carolina
-$26.3M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$24.7M
4
Vanguard Group
Vanguard Group
Pennsylvania
-$24.7M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$21.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
PAG
151
Private Advisory Group
Washington
$909K +$791K +5,453 New
MWPCG
152
Measured Wealth Private Client Group
New Hampshire
$905K +$1.6K +11 +0.2%
QT
153
Quantbot Technologies
New York
$902K +$785K +5,411 New
Mitsubishi UFJ Trust & Banking
154
Mitsubishi UFJ Trust & Banking
Japan
$894K -$152K -1,050 -16%
DTL
155
Dynamic Technology Lab
Singapore
$888K +$221K +1,520 +40%
Creative Planning
156
Creative Planning
Kansas
$875K +$35.5K +245 +5%
Handelsbanken Fonder
157
Handelsbanken Fonder
Sweden
$852K -$116K -800 -14%
ICM
158
Islay Capital Management
Texas
$818K +$84.6K +583 +13%
Acadian Asset Management
159
Acadian Asset Management
Massachusetts
$815K +$692K +4,770 +3,847%
VOYA Investment Management
160
VOYA Investment Management
Georgia
$811K +$8.7K +60 +1%
HWM
161
HB Wealth Management
Georgia
$808K -$28.3K -195 -4%
Canada Pension Plan Investment Board
162
Canada Pension Plan Investment Board
Ontario, Canada
$800K +$276K +1,900 +66%
SWP
163
Stratos Wealth Partners
Ohio
$797K -$59K -407 -8%
ATPW
164
Ashton Thomas Private Wealth
Arizona
$791K +$688K +4,745 New
CAPTRUST Financial Advisors
165
CAPTRUST Financial Advisors
North Carolina
$741K +$399K +2,748 +162%
CFG
166
Cooper Financial Group
California
$730K +$21.9K +151 +4%
Wellington Management Group
167
Wellington Management Group
Massachusetts
$729K +$65.6K +452 +12%
Commonwealth Equity Services
168
Commonwealth Equity Services
Massachusetts
$708K +$112K +775 +22%
Neuberger Berman Group
169
Neuberger Berman Group
New York
$684K -$312K -2,154 -34%
PNC Financial Services Group
170
PNC Financial Services Group
Pennsylvania
$676K -$2.61K -18 -0.4%
M&T Bank
171
M&T Bank
New York
$670K +$79.8K +550 +16%
BHBT
172
Burke & Herbert Bank & Trust
Virginia
$667K – – –
I
173
InceptionR
California
$658K +$195K +1,347 +52%
Zurich Cantonal Bank
174
Zurich Cantonal Bank
Switzerland
$656K +$43.1K +297 +8%
ACA
175
Atlas Capital Advisors
Wyoming
$655K – – –
5 6
7
8 9

PAG Hedge Fund Activity: Q2 2023 in Review

348 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q2 2023, worth a combined $3.08B — up 7% from $2.88B a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new PAG positions and 30 closed out — a net gain of 18 holders — while 91 added to existing stakes and 137 trimmed.

The largest buyer was Millennium Management, adding an estimated $15.7M. The largest seller was Envestnet Asset Management, cutting an estimated $87.6M.

  • 348 institutional investors held Penske Automotive Group (PAG) as of Q2 2023, up from 332 in Q1 2023.
  • Funds reported $3.08B of Penske Automotive Group stock for Q2 2023, up 7% quarter-over-quarter.
  • 48 funds opened new Penske Automotive Group positions in Q2 2023 and 30 closed out, a net change of +18 holders.
  • The largest Penske Automotive Group buyer in Q2 2023 was Millennium Management, an estimated $15.7M added.
  • The largest Penske Automotive Group seller in Q2 2023 was Envestnet Asset Management, an estimated $87.6M sold.

Based on aggregated 13F filings for Q2 2023.