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Penske Automotive Group
PAG

264 hedge funds and large institutions have $1.49B invested in Penske Automotive Group in 2018 Q4 according to their latest regulatory filings, with 48 funds opening new positions, 90 increasing their positions, 85 reducing their positions, and 41 closing their positions.

New
Increased
Maintained
Reduced
Closed

194% more call options, than puts

Call options by funds: $10.1M | Put options by funds: $3.44M

17% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 41

2% more funds holding

Funds holding: 259 → 264 (+5)

6% more repeat investments, than reductions

Existing positions increased: 90 | Existing positions reduced: 85

0.23% more ownership

Funds ownership: 43.42% → 43.65% (+0.23%)

14% less capital invested

Capital invested by funds: $1.75B → $1.49B (-$253M)

Holders
264
Holders Change
+5
Holders Change %
+1.93%
% of All Funds
5.88%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
48
Increased
90
Reduced
85
Closed
41
Calls
$10.1M
Puts
$3.44M
Net Calls
+$6.66M
Net Calls Change
-$3.85M

Top Buyers

Rank Fund Capital Flow
1
PFMOSF
Philadelphia Financial Management of San Francisco
California
+$20.6M
2
Citadel Advisors
Citadel Advisors
Florida
+$13.6M
3
CI Investments Inc
CI Investments Inc
Ontario, Canada
+$9.36M
4
American Century Companies
American Century Companies
Missouri
+$7.8M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$7.52M

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$49.2M
2
LCOV
London Company of Virginia
Virginia
-$17.8M
3
JP Morgan Chase
JP Morgan Chase
New York
-$10.9M
4
Bank of America
Bank of America
North Carolina
-$6.93M
5
Ohio Public Employees Retirement System (OPERS)
Ohio Public Employees Retirement System (OPERS)
Ohio
-$3.84M
Name Holding Trade Value Shares
Change 		Change in
Stake
Baird Financial Group
176
Baird Financial Group
Wisconsin
$274K +$43 +1 +0%
State of Wisconsin Investment Board
177
State of Wisconsin Investment Board
Wisconsin
$273K – – –
AB
178
Amalgamated Bank
New York
$266K -$3.81K -88 -1%
URS
179
Utah Retirement Systems
Utah
$266K – – –
SGAM
180
Steinberg Global Asset Management
Florida
$254K – – –
ACA
181
Aptus Capital Advisors
Alabama
$249K +$268K +6,200 New
PP
182
Paloma Partners
Connecticut
$240K +$257K +5,954 New
BA
183
Bridgewater Associates
Connecticut
$239K +$256K +5,930 New
JP Morgan Chase
184
JP Morgan Chase
New York
$230K -$10.9M -252,260 -98%
OAM
185
Oberweis Asset Management
Illinois
$223K – – –
Simplex Trading
186
Simplex Trading
Illinois
$221K +$236K +5,464 +21,015%
AIM
187
Assured Investment Management
New York
$218K -$240K -5,540 -51%
AIL
188
AGF Investments LLC
Ontario, Canada
$217K +$118K +2,740 +103%
IRC
189
Investors Research Corp
Georgia
$216K – – –
DTL
190
Dynamic Technology Lab
Singapore
$209K +$224K +5,184 New
OC
191
Oppenheimer & Co
New York
$208K -$1.95K -45 -0.9%
PA
192
Pinnacle Associates
New York
$204K -$28.1K -650 -11%
PAM
193
Panagora Asset Management
Massachusetts
$204K +$908 +21 +0.4%
Commonwealth Equity Services
194
Commonwealth Equity Services
Massachusetts
$199K +$3.24K +75 +2%
Canada Life
195
Canada Life
Manitoba, Canada
$169K +$5.79K +134 +3%
Federated Hermes
196
Federated Hermes
Pennsylvania
$160K -$216K -4,995 -56%
SOADOR
197
State of Alaska Department of Revenue
Alaska
$151K +$3.11K +72 +2%
US Bancorp
198
US Bancorp
Minnesota
$150K +$161K +3,715 New
New York State Teachers Retirement System (NYSTRS)
199
New York State Teachers Retirement System (NYSTRS)
New York
$125K +$134K +3,100 New
Zurich Cantonal Bank
200
Zurich Cantonal Bank
Switzerland
$105K – – –
6 7
8
9 10

PAG Hedge Fund Activity: Q4 2018 in Review

264 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q4 2018, worth a combined $1.49B — down 14% from $1.75B a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new PAG positions and 41 closed out — a net gain of 7 holders — while 90 added to existing stakes and 85 trimmed.

The largest buyer was Philadelphia Financial Management of San Francisco, opening a new position worth an estimated $20.6M. The largest seller was BlackRock, cutting an estimated $49.2M.

  • 264 institutional investors held Penske Automotive Group (PAG) as of Q4 2018, up from 259 in Q3 2018.
  • Funds reported $1.49B of Penske Automotive Group stock for Q4 2018, down 14% quarter-over-quarter.
  • 48 funds opened new Penske Automotive Group positions in Q4 2018 and 41 closed out, a net change of +7 holders.
  • The largest Penske Automotive Group buyer in Q4 2018 was Philadelphia Financial Management of San Francisco, an estimated $20.6M added.
  • The largest Penske Automotive Group seller in Q4 2018 was BlackRock, an estimated $49.2M sold.

Based on aggregated 13F filings for Q4 2018.