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Penske Automotive Group
PAG

217 hedge funds and large institutions have $1.58B invested in Penske Automotive Group in 2017 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 75 increasing their positions, 73 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

238% more call options, than puts

Call options by funds: $7.93M | Put options by funds: $2.35M

17% more first-time investments, than exits

New positions opened: 34 | Existing positions closed: 29

3% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 73

1.35% less ownership

Funds ownership: 40.79% → 39.44% (-1.4%)

2% less funds holding

Funds holding: 221 → 217 (-4)

12% less capital invested

Capital invested by funds: $1.8B → $1.58B (-$224M)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

Holders
217
Holders Change
-4
Holders Change %
-1.81%
% of All Funds
5.4%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
34
Increased
75
Reduced
73
Closed
29
Calls
$7.93M
Puts
$2.35M
Net Calls
+$5.58M
Net Calls Change
-$2.03M

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$83.4M
2
RCAMU
Rothschild & Co Asset Management US
Connecticut
+$15M
3
Fiera Capital (Canada)
Fiera Capital (Canada)
Quebec, Canada
+$13.5M
4
PP
PDT Partners
New York
+$12.4M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$9.3M

Top Sellers

Rank Fund Capital Flow
1
BAM
Burgundy Asset Management
Ontario, Canada
-$37.7M
2
Capital Research Global Investors
Capital Research Global Investors
California
-$15.9M
3
GI
GAMCO Investors
Connecticut
-$14.8M
4
FIM
Foresters Investment Management
New York
-$13.4M
5
JP Morgan Chase
JP Morgan Chase
New York
-$12M
Name Holding Trade Value Shares
Change 		Change in
Stake
MCM
201
McKinley Capital Management
Alaska
$13K +$14.3K +280 New
DADC
202
D.A. Davidson & Co
Montana
$12K -$4.29K -84 -23%
FHA
203
First Horizon Advisors
Tennessee
$12K -$4.19K -82 -23%
PCP
204
Proficio Capital Partners
Massachusetts
$11K +$11.2K +220 +733%
NSIM
205
North Star Investment Management
Illinois
$7K – – –
HR
206
Howe & Rusling
New York
$7K +$8.07K +158 New
Northwestern Mutual Wealth Management
207
Northwestern Mutual Wealth Management
Wisconsin
$6K -$5.62K -110 -45%
AOWM
208
Alpha Omega Wealth Management
Virginia
$6K – – –
LWM
209
LBA Wealth Management
Florida
$5K – – –
AIM
210
Acrospire Investment Management
Illinois
$5K +$5.11K +100 New
GWM
211
Geneos Wealth Management
Colorado
$4K – – –
WOC
212
West Oak Capital
California
$2.48K – – –
ASN
213
Advisory Services Network
Georgia
$2K +$2.15K +42 New
QI
214
QS Investors
New York
$1K – – –
WA
215
WealthTrust-Arizona
Arizona
$1K – – –
WA
216
Winfield Associates
Ohio
$1K – – –
WI
217
WBI Investments
New Jersey
– -$6.04M -116,453 Closed
EGM
218
Engineers Gate Manager
New York
– -$2.84M -54,849 Closed
11A
219
10-15 Associates
New York
– -$2.17M -41,949 Closed
GAM
220
Gotham Asset Management
New York
– -$1.25M -24,214 Closed
NI
221
Numeric Investors
Massachusetts
– -$907K -17,500 Closed
DTL
222
Dynamic Technology Lab
Singapore
– -$882K -17,023 Closed
SCA
223
Snowden Capital Advisors
New York
– -$857K -16,529 Closed
BIM
224
Bogle Investment Management
Massachusetts
– -$856K -16,520 Closed
MSTVIM
225
Messner & Smith Theme Value Investment Management
California
– -$786K -15,166 Closed
6 7 8
9
10

PAG Hedge Fund Activity: Q1 2017 in Review

217 of the 4,018 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q1 2017, worth a combined $1.58B — down 12% from $1.8B a quarter earlier.

Buyers outnumbered sellers: 34 funds opened new PAG positions and 29 closed out — a net gain of 5 holders — while 75 added to existing stakes and 73 trimmed.

The largest buyer was BlackRock, adding an estimated $83.4M. The largest seller was Burgundy Asset Management, cutting an estimated $37.7M.

  • 217 institutional investors held Penske Automotive Group (PAG) as of Q1 2017, down from 221 in Q4 2016.
  • Funds reported $1.58B of Penske Automotive Group stock for Q1 2017, down 12% quarter-over-quarter.
  • 34 funds opened new Penske Automotive Group positions in Q1 2017 and 29 closed out, a net change of +5 holders.
  • The largest Penske Automotive Group buyer in Q1 2017 was BlackRock, an estimated $83.4M added.
  • The largest Penske Automotive Group seller in Q1 2017 was Burgundy Asset Management, an estimated $37.7M sold.

Based on aggregated 13F filings for Q1 2017.