Penske Automotive Group
177 hedge funds and large institutions have $1.7B invested in Penske Automotive Group in 2013 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 55 increasing their positions, 68 reducing their positions, and 22 closing their positions.
321% more call options, than puts
Call options by funds: $3.86M | Put options by funds: $916K
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
50% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 22
40% more capital invested
Capital invested by funds: $1.21B → $1.7B (+$487M)
6% more funds holding
Funds holding: 167 → 177 (+10)
0.18% more ownership
Funds ownership: 43.92% → 44.11% (+0.18%)
19% less repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 68
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$31.2M |
| 2 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$19.7M |
| 3 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$18.2M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$15.1M |
| 5 |
Capital Research Global Investors
Los Angeles,
California
|
+$13.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$29M |
| 2 |
KeyBank National Association
Cleveland,
Ohio
|
-$25.5M |
| 3 |
SCM
Shapiro Capital Management
Atlanta,
Georgia
|
-$14.6M |
| 4 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$12.9M |
| 5 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$11.6M |
PAG Hedge Fund Activity: Q3 2013 in Review
177 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q3 2013, worth a combined $1.7B — up 40% from $1.21B a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new PAG positions and 22 closed out — a net gain of 11 holders — while 55 added to existing stakes and 68 trimmed.
The largest buyer was Clough Capital Partners, opening a new position worth an estimated $31.2M. The largest seller was Fidelity Investments, cutting an estimated $29M.
- 177 institutional investors held Penske Automotive Group (PAG) as of Q3 2013, up from 167 in Q2 2013.
- Funds reported $1.7B of Penske Automotive Group stock for Q3 2013, up 40% quarter-over-quarter.
- 33 funds opened new Penske Automotive Group positions in Q3 2013 and 22 closed out, a net change of +11 holders.
- The largest Penske Automotive Group buyer in Q3 2013 was Clough Capital Partners, an estimated $31.2M added.
- The largest Penske Automotive Group seller in Q3 2013 was Fidelity Investments, an estimated $29M sold.
Based on aggregated 13F filings for Q3 2013.