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Penske Automotive Group
PAG

354 hedge funds and large institutions have $3.02B invested in Penske Automotive Group in 2023 Q3 according to their latest regulatory filings, with 52 funds opening new positions, 110 increasing their positions, 126 reducing their positions, and 44 closing their positions.

New
Increased
Maintained
Reduced
Closed

210% more call options, than puts

Call options by funds: $98M | Put options by funds: $31.6M

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

18% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 44

2% more funds holding

Funds holding: 348 → 354 (+6)

0.09% more ownership

Funds ownership: 26.81% → 26.9% (+0.09%)

2% less capital invested

Capital invested by funds: $3.08B → $3.02B (-$51.9M)

13% less repeat investments, than reductions

Existing positions increased: 110 | Existing positions reduced: 126

Holders
354
Holders Change
+6
Holders Change %
+1.72%
% of All Funds
5.62%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.08%
New
52
Increased
110
Reduced
126
Closed
44
Calls
$98M
Puts
$31.6M
Net Calls
+$66.4M
Net Calls Change
+$21.3M

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$144M
2
State Street
State Street
Massachusetts
+$31.5M
3
Invesco
Invesco
Georgia
+$30.4M
4
Bank of New York Mellon
Bank of New York Mellon
New York
+$14.7M
5
Principal Financial Group
Principal Financial Group
Iowa
+$11.8M

Top Sellers

Rank Fund Capital Flow
1
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$49.5M
2
BAM
Burgundy Asset Management
Ontario, Canada
-$49.4M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$39.9M
4
Millennium Management
Millennium Management
New York
-$28.4M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$20.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
PNC Financial Services Group
176
PNC Financial Services Group
Pennsylvania
$687K +$9.37K +56 +1%
QCM
177
QRG Capital Management
Illinois
$673K +$673K +4,026 New
BHBT
178
Burke & Herbert Bank & Trust
Virginia
$668K – – –
NMERB
179
New Mexico Educational Retirement Board
New Mexico
$668K +$669K +4,000 New
COPPSERS
180
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$660K +$661K +3,952 New
EF
181
Empirical Finance
Pennsylvania
$659K +$6.19K +37 +0.9%
Zurich Cantonal Bank
182
Zurich Cantonal Bank
Switzerland
$658K – – –
ACA
183
Atlas Capital Advisors
Wyoming
$657K – – –
KI
184
Kapitalo Investimentos
Brazil
$624K +$568K +3,397 +1,002%
Verition Fund Management
185
Verition Fund Management
Connecticut
$612K +$411K +2,460 +204%
OC
186
Oppenheimer & Co
New York
$592K +$6.02K +36 +1%
M&T Bank
187
M&T Bank
New York
$592K -$80K -478 -12%
AC
188
AXQ Capital
New Jersey
$565K +$238K +1,425 +73%
I
189
InceptionR
California
$561K -$99K -592 -15%
ECM
190
ExodusPoint Capital Management
New York
$548K -$7.69K -46 -1%
Cetera Investment Advisers
191
Cetera Investment Advisers
Illinois
$543K -$82K -490 -13%
PAG
192
Private Advisor Group
New Jersey
$521K +$2.84K +17 +0.5%
Mercer Global Advisors
193
Mercer Global Advisors
Colorado
$503K -$34.1K -204 -6%
GC
194
Guggenheim Capital
Illinois
$502K +$502K +3,004 New
MIM
195
Merrion Investment Management
New Jersey
$501K – – –
BCP
196
Blue Chip Partners
Michigan
$484K +$2.01K +12 +0.4%
Rafferty Asset Management
197
Rafferty Asset Management
New York
$473K -$148K -887 -24%
X
198
Xponance
Pennsylvania
$466K +$466K +2,788 New
Public Employees Retirement Association of Colorado
199
Public Employees Retirement Association of Colorado
Colorado
$463K – – –
RJFSA
200
Raymond James Financial Services Advisors
Florida
$461K +$34.6K +207 +8%
6 7
8
9 10

PAG Hedge Fund Activity: Q3 2023 in Review

354 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q3 2023, worth a combined $3.02B — down 1.7% from $3.08B a quarter earlier.

Buyers outnumbered sellers: 52 funds opened new PAG positions and 44 closed out — a net gain of 8 holders — while 110 added to existing stakes and 126 trimmed.

The largest buyer was BlackRock, adding an estimated $144M. The largest seller was Arrowstreet Capital, exiting entirely with an estimated $49.5M sold.

  • 354 institutional investors held Penske Automotive Group (PAG) as of Q3 2023, up from 348 in Q2 2023.
  • Funds reported $3.02B of Penske Automotive Group stock for Q3 2023, down 1.7% quarter-over-quarter.
  • 52 funds opened new Penske Automotive Group positions in Q3 2023 and 44 closed out, a net change of +8 holders.
  • The largest Penske Automotive Group buyer in Q3 2023 was BlackRock, an estimated $144M added.
  • The largest Penske Automotive Group seller in Q3 2023 was Arrowstreet Capital, an estimated $49.5M sold.

Based on aggregated 13F filings for Q3 2023.