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Penske Automotive Group
PAG

259 hedge funds and large institutions have $1.75B invested in Penske Automotive Group in 2018 Q3 according to their latest regulatory filings, with 44 funds opening new positions, 90 increasing their positions, 77 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

448% more call options, than puts

Call options by funds: $12.8M | Put options by funds: $2.35M

83% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 24

17% more repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 77

8% more funds holding

Funds holding: 240 → 259 (+19)

3% more capital invested

Capital invested by funds: $1.7B → $1.75B (+$48.7M)

0.78% more ownership

Funds ownership: 42.64% → 43.42% (+0.78%)

Holders
259
Holders Change
+19
Holders Change %
+7.92%
% of All Funds
5.92%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
44
Increased
90
Reduced
77
Closed
24
Calls
$12.8M
Puts
$2.35M
Net Calls
+$10.5M
Net Calls Change
+$511K

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$28.6M
2
Victory Capital Management
Victory Capital Management
Texas
+$21M
3
Marshall Wace
Marshall Wace
United Kingdom
+$18.9M
4
JP Morgan Chase
JP Morgan Chase
New York
+$10.4M
5
Norges Bank
Norges Bank
Norway
+$6.18M

Top Sellers

Rank Fund Capital Flow
1
FMI
Fiduciary Management Inc
Wisconsin
-$16.6M
2
PFMOSF
Philadelphia Financial Management of San Francisco
California
-$13.9M
3
CB
Cooke & Bieler
Pennsylvania
-$10.1M
4
LCOV
London Company of Virginia
Virginia
-$9.89M
5
Deutsche Bank
Deutsche Bank
Germany
-$9.57M
Name Holding Trade Value Shares
Change 		Change in
Stake
JIP
176
Jaffetilchin Investment Partners
Florida
$289K +$310K +6,105 New
Royal Bank of Canada
177
Royal Bank of Canada
Ontario, Canada
$275K -$450K -8,861 -60%
KIA
178
KCM Investment Advisors
California
$275K +$67.5K +1,327 +30%
PA
179
Pinnacle Associates
New York
$270K -$28K -550 -9%
Rafferty Asset Management
180
Rafferty Asset Management
New York
$263K +$282K +5,556 New
OAM
181
Oberweis Asset Management
Illinois
$262K – – –
DCM
182
Donaldson Capital Management
Indiana
$261K – – –
IRC
183
Investors Research Corp
Georgia
$254K – – –
OC
184
Oppenheimer & Co
New York
$247K -$35.1K -690 -12%
CCM
185
Cadence Capital Management
Massachusetts
$245K +$38.5K +757 +17%
PTC
186
Petrus Trust Company
Texas
$244K -$151K -2,961 -37%
PAM
187
Panagora Asset Management
Massachusetts
$239K – – –
Commonwealth Equity Services
188
Commonwealth Equity Services
Massachusetts
$231K +$1.07K +21 +0.4%
JMPWA
189
JP Morgan Private Wealth Advisors
California
$231K +$16.3K +321 +7%
BC
190
Burney Company
Virginia
$217K -$11.4K -225 -5%
BCM
191
Bayesian Capital Management
New York
$215K +$231K +4,547 New
Teacher Retirement System of Texas
192
Teacher Retirement System of Texas
Texas
$213K -$169K -3,328 -43%
Principal Financial Group
193
Principal Financial Group
Iowa
$210K -$28.3K -556 -11%
Canada Life
194
Canada Life
Manitoba, Canada
$201K -$559 -11 -0.3%
TC
195
Trilogy Capital
California
$198K +$212K +4,176 New
QT
196
Quantbot Technologies
New York
$197K -$576K -11,333 -73%
SOADOR
197
State of Alaska Department of Revenue
Alaska
$174K -$11.3K -222 -6%
Fifth Third Bancorp
198
Fifth Third Bancorp
Ohio
$157K -$155K -3,055 -48%
LTFS
199
Ladenburg Thalmann Financial Services
Florida
$154K -$18.8K -369 -10%
Bank of Montreal
200
Bank of Montreal
Ontario, Canada
$133K -$14.7K -289 -9%
6 7
8
9 10

PAG Hedge Fund Activity: Q3 2018 in Review

259 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q3 2018, worth a combined $1.75B — up 2.9% from $1.7B a quarter earlier.

Buyers outnumbered sellers: 44 funds opened new PAG positions and 24 closed out — a net gain of 20 holders — while 90 added to existing stakes and 77 trimmed.

The largest buyer was BlackRock, adding an estimated $28.6M. The largest seller was Fiduciary Management Inc, cutting an estimated $16.6M.

  • 259 institutional investors held Penske Automotive Group (PAG) as of Q3 2018, up from 240 in Q2 2018.
  • Funds reported $1.75B of Penske Automotive Group stock for Q3 2018, up 2.9% quarter-over-quarter.
  • 44 funds opened new Penske Automotive Group positions in Q3 2018 and 24 closed out, a net change of +20 holders.
  • The largest Penske Automotive Group buyer in Q3 2018 was BlackRock, an estimated $28.6M added.
  • The largest Penske Automotive Group seller in Q3 2018 was Fiduciary Management Inc, an estimated $16.6M sold.

Based on aggregated 13F filings for Q3 2018.