Penske Automotive Group
286 hedge funds and large institutions have $2.66B invested in Penske Automotive Group in 2021 Q3 according to their latest regulatory filings, with 53 funds opening new positions, 80 increasing their positions, 99 reducing their positions, and 34 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
56% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 34
24% more capital invested
Capital invested by funds: $2.14B → $2.66B (+$522M)
6% more funds holding
Funds holding: 269 → 286 (+17)
2.15% less ownership
Funds ownership: 35.18% → 33.02% (-2.2%)
19% less repeat investments, than reductions
Existing positions increased: 80 | Existing positions reduced: 99
23% less call options, than puts
Call options by funds: $13.2M | Put options by funds: $17.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$15M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$11.4M |
| 3 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
+$10.7M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$6.9M |
| 5 |
BlackRock
New York
|
+$5.64M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
-$61.3M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
-$38.9M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$23.1M |
| 4 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
-$19.2M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$17.7M |
PAG Hedge Fund Activity: Q3 2021 in Review
286 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q3 2021, worth a combined $2.66B — up 24% from $2.14B a quarter earlier.
Buyers outnumbered sellers: 53 funds opened new PAG positions and 34 closed out — a net gain of 19 holders — while 80 added to existing stakes and 99 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $15M. The largest seller was Burgundy Asset Management, cutting an estimated $61.3M.
- 286 institutional investors held Penske Automotive Group (PAG) as of Q3 2021, up from 269 in Q2 2021.
- Funds reported $2.66B of Penske Automotive Group stock for Q3 2021, up 24% quarter-over-quarter.
- 53 funds opened new Penske Automotive Group positions in Q3 2021 and 34 closed out, a net change of +19 holders.
- The largest Penske Automotive Group buyer in Q3 2021 was Goldman Sachs, an estimated $15M added.
- The largest Penske Automotive Group seller in Q3 2021 was Burgundy Asset Management, an estimated $61.3M sold.
Based on aggregated 13F filings for Q3 2021.