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Penske Automotive Group

217 hedge funds and large institutions have $1.58B invested in Penske Automotive Group in 2017 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 75 increasing their positions, 73 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

238% more call options, than puts

Call options by funds: $7.93M | Put options by funds: $2.35M

17% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 29

3% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 73

1.35% less ownership

Funds ownership: 40.79%39.44% (-1.4%)

2% less funds holding

Funds holding: 221217 (-4)

12% less capital invested

Capital invested by funds: $1.8B → $1.58B (-$224M)

50% less funds holding in top 10

Funds holding in top 10: 21 (-1)

Holders
217
Holders Change
-4
Holders Change %
-1.81%
% of All Funds
5.4%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
34
Increased
75
Reduced
73
Closed
29
Calls
$7.93M
Puts
$2.35M
Net Calls
+$5.58M
Net Calls Change
-$2.03M
Name Holding Trade Value Shares
Change
Change in
Stake
GHCM
176
Glen Harbor Capital Management
California
$137K +$149K +2,924 New
PK
177
Pflug Koory
Nebraska
$133K +$26.1K +510 +22%
Bank of Montreal
178
Bank of Montreal
Ontario, Canada
$131K +$14.1K +275 +11%
MCIM
179
Meadow Creek Investment Management
Georgia
$113K +$123K +2,408 New
Manulife (Manufacturers Life Insurance)
180
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$109K
FMA
181
FNY Managed Accounts
New York
$100K +$110K +2,144 New
Zurich Cantonal Bank
182
Zurich Cantonal Bank
Switzerland
$95K +$44.9K +878 +77%
OMCS
183
Old Mutual Customised Solutions
South Africa
$94K +$76.7K +1,500 +300%
EP
184
Elkfork Partners
Oregon
$89K +$96.7K +1,892 New
Parallax Volatility Advisers
185
Parallax Volatility Advisers
California
$78K +$56.7K +1,109 +201%
US Bancorp
186
US Bancorp
Minnesota
$70K +$28.6K +559 +59%
RCM
187
Riverhead Capital Management
Delaware
$70K +$76.7K +1,500 New
TAM
188
Tyers Asset Management
Texas
$64K +$70.3K +1,376 New
MLICM
189
Metropolitan Life Insurance Company (MetLife)
New York
$51K
IDBONY
190
Israel Discount Bank of New York
New York
$49K
CG
191
Cutler Group
California
$48K +$48.2K +944 +1,026%
IPC
192
Independent Portfolio Consultants
Florida
$44K +$47.8K +935 New
TRCT
193
Tower Research Capital (TRC)
New York
$42K +$15.9K +312 +53%
PHK
194
Point72 Hong Kong
Hong Kong
$32K +$26.2K +512 +293%
Creative Planning
195
Creative Planning
Kansas
$30K -$25.6K -500 -44%
BNP Paribas Financial Markets
196
BNP Paribas Financial Markets
France
$24.6K -$5.11K -100 -16%
HWP
197
Hefty Wealth Partners
Indiana
$18K
GI
198
Gradient Investments
Minnesota
$15K -$6.07M -118,863 -100%
WAM
199
Wealthspire Advisors (Maryland)
Maryland
$15K +$7.82K +153 +86%
MA
200
MCF Advisors
Kentucky
$15K +$15.8K +310 New

PAG Hedge Fund Activity: Q1 2017 in Review

217 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q1 2017, worth a combined $1.58B — down 12% from $1.8B a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new PAG positions and 29 closed out — a net gain of 5 holders — while 75 added to existing stakes and 73 trimmed.

The largest buyer was BlackRock, adding an estimated $83.4M. The largest seller was Burgundy Asset Management, cutting an estimated $37.7M.

  • 217 institutional investors held Penske Automotive Group (PAG) as of Q1 2017, down from 221 in Q4 2016.
  • Funds reported $1.58B of Penske Automotive Group stock for Q1 2017, down 12% quarter-over-quarter.
  • 34 funds opened new Penske Automotive Group positions in Q1 2017 and 29 closed out, a net change of +5 holders.
  • The largest Penske Automotive Group buyer in Q1 2017 was BlackRock, an estimated $83.4M added.
  • The largest Penske Automotive Group seller in Q1 2017 was Burgundy Asset Management, an estimated $37.7M sold.

Based on aggregated 13F filings for Q1 2017.