Penske Automotive Group
182 hedge funds and large institutions have $1.88B invested in Penske Automotive Group in 2013 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 53 increasing their positions, 76 reducing their positions, and 21 closing their positions.
2,855% more call options, than puts
Call options by funds: $20M | Put options by funds: $676K
24% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 21
11% more capital invested
Capital invested by funds: $1.7B → $1.88B (+$180M)
3% more funds holding
Funds holding: 177 → 182 (+5)
0.11% more ownership
Funds ownership: 44.11% → 44.21% (+0.11%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
30% less repeat investments, than reductions
Existing positions increased: 53 | Existing positions reduced: 76
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Munder Capital Management
Birmingham,
Michigan
|
+$68.4M |
| 2 |
SI
Sentry Investments
Toronto,
Ontario, Canada
|
+$14.4M |
| 3 |
Principal Financial Group
Des Moines,
Iowa
|
+$14.3M |
| 4 |
FIM
Foresters Investment Management
New York
|
+$11M |
| 5 |
NI
Numeric Investors
Boston,
Massachusetts
|
+$10.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$45.4M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$20.2M |
| 3 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$20M |
| 4 |
AIM
Act II Management
New York
|
-$11.6M |
| 5 |
SCM
Sandler Capital Management
New York
|
-$10.6M |
PAG Hedge Fund Activity: Q4 2013 in Review
182 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q4 2013, worth a combined $1.88B — up 11% from $1.7B a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new PAG positions and 21 closed out — a net gain of 5 holders — while 53 added to existing stakes and 76 trimmed.
The largest buyer was Munder Capital Management, adding an estimated $68.4M. The largest seller was Lord, Abbett & Co, cutting an estimated $45.4M.
- 182 institutional investors held Penske Automotive Group (PAG) as of Q4 2013, up from 177 in Q3 2013.
- Funds reported $1.88B of Penske Automotive Group stock for Q4 2013, up 11% quarter-over-quarter.
- 26 funds opened new Penske Automotive Group positions in Q4 2013 and 21 closed out, a net change of +5 holders.
- The largest Penske Automotive Group buyer in Q4 2013 was Munder Capital Management, an estimated $68.4M added.
- The largest Penske Automotive Group seller in Q4 2013 was Lord, Abbett & Co, an estimated $45.4M sold.
Based on aggregated 13F filings for Q4 2013.