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Penske Automotive Group

240 hedge funds and large institutions have $1.7B invested in Penske Automotive Group in 2018 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 74 increasing their positions, 84 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

239% more call options, than puts

Call options by funds: $14.2M | Put options by funds: $4.17M

26% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 31

6% more capital invested

Capital invested by funds: $1.6B → $1.7B (+$97.5M)

2% more funds holding

Funds holding: 236240 (+4)

0.72% more ownership

Funds ownership: 41.92%42.64% (+0.72%)

12% less repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 84

Holders
240
Holders Change
+4
Holders Change %
+1.69%
% of All Funds
5.49%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
39
Increased
74
Reduced
84
Closed
31
Calls
$14.2M
Puts
$4.17M
Net Calls
+$9.99M
Net Calls Change
+$5.99M
Name Holding Trade Value Shares
Change
Change in
Stake
KIA
176
KCM Investment Advisors
California
$209K +$211K +4,470 New
CCM
177
Cadence Capital Management
Massachusetts
$207K +$209K +4,423 New
BA
178
Bridgewater Associates
Connecticut
$205K +$206K +4,366 New
Grantham, Mayo, Van Otterloo & Co (GMO)
179
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$201K -$23.6K -500 -10%
Canada Life
180
Canada Life
Manitoba, Canada
$200K -$1.04K -22 -0.5%
Envestnet Asset Management
181
Envestnet Asset Management
Illinois
$196K -$849 -18 -0.4%
SOADOR
182
State of Alaska Department of Revenue
Alaska
$183K +$52.5K +1,113 +40%
LTFS
183
Ladenburg Thalmann Financial Services
Florida
$160K
Bank of Montreal
184
Bank of Montreal
Ontario, Canada
$145K +$660 +14 +0.5%
PK
185
Pflug Koory
Nebraska
$122K
MYIA
186
Mount Yale Investment Advisors
Colorado
$111K -$39.2K -832 -26%
Manulife (Manufacturers Life Insurance)
187
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$108K -$8.72K -185 -7%
STA
188
Summit Trail Advisors
New York
$107K +$107K +2,275 New
Zurich Cantonal Bank
189
Zurich Cantonal Bank
Switzerland
$104K -$21.1K -448 -17%
OMCS
190
Old Mutual Customised Solutions
South Africa
$94K
SIAS
191
Shine Investment Advisory Services
Colorado
$81K
CAPTRUST Financial Advisors
192
CAPTRUST Financial Advisors
North Carolina
$80K
WAM
193
Wealthspire Advisors (Maryland)
Maryland
$65K +$236 +5 +0.4%
Parallax Volatility Advisers
194
Parallax Volatility Advisers
California
$55K -$660 -14 -1%
IDBONY
195
Israel Discount Bank of New York
New York
$47K
PCM
196
Penserra Capital Management
California
$47K +$47.9K +1,016 New
MLICM
197
Metropolitan Life Insurance Company (MetLife)
New York
$44.6K -$3.63K -77 -7%
ZB
198
Zions Bancorporation
Utah
$39K -$30.7K -651 -44%
TRCT
199
Tower Research Capital (TRC)
New York
$38K -$65K -1,379 -63%
BNP Paribas Financial Markets
200
BNP Paribas Financial Markets
France
$32.9K +$33.2K +703 New

PAG Hedge Fund Activity: Q2 2018 in Review

240 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q2 2018, worth a combined $1.7B — up 6.1% from $1.6B a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new PAG positions and 31 closed out — a net gain of 8 holders — while 74 added to existing stakes and 84 trimmed.

The largest buyer was CI Investments Inc, opening a new position worth an estimated $42.6M. The largest seller was DePrince Race & Zollo Inc (DRZ), exiting entirely with an estimated $30M sold.

  • 240 institutional investors held Penske Automotive Group (PAG) as of Q2 2018, up from 236 in Q1 2018.
  • Funds reported $1.7B of Penske Automotive Group stock for Q2 2018, up 6.1% quarter-over-quarter.
  • 39 funds opened new Penske Automotive Group positions in Q2 2018 and 31 closed out, a net change of +8 holders.
  • The largest Penske Automotive Group buyer in Q2 2018 was CI Investments Inc, an estimated $42.6M added.
  • The largest Penske Automotive Group seller in Q2 2018 was DePrince Race & Zollo Inc (DRZ), an estimated $30M sold.

Based on aggregated 13F filings for Q2 2018.