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Penske Automotive Group
PAG

220 hedge funds and large institutions have $1.64B invested in Penske Automotive Group in 2019 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 75 increasing their positions, 84 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

499% more call options, than puts

Call options by funds: $4.96M | Put options by funds: $828K

0.09% more ownership

Funds ownership: 42.24% → 42.33% (+0.09%)

2% less capital invested

Capital invested by funds: $1.67B → $1.64B (-$28.7M)

6% less funds holding

Funds holding: 234 → 220 (-14)

11% less repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 84

39% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 36

Holders
220
Holders Change
-14
Holders Change %
-5.98%
% of All Funds
4.82%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
22
Increased
75
Reduced
84
Closed
36
Calls
$4.96M
Puts
$828K
Net Calls
+$4.13M
Net Calls Change
-$3.06M

Top Buyers

Rank Fund Capital Flow
1
CVA
Ceredex Value Advisors
Florida
+$14.4M
2
Morgan Stanley
Morgan Stanley
New York
+$6.76M
3
PSP
Principal Street Partners
Tennessee
+$5.27M
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$4.93M
5
WG
Winton Group
United Kingdom
+$4.78M

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$9.85M
2
CI Investments Inc
CI Investments Inc
Ontario, Canada
-$7.87M
3
Goldman Sachs
Goldman Sachs
New York
-$6.49M
4
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
-$5.13M
5
Vanguard Group
Vanguard Group
Pennsylvania
-$4.85M
Name Holding Trade Value Shares
Change 		Change in
Stake
NFG
201
Next Financial Group
Texas
$7K -$2.71K -60 -30%
BBHC
202
Brown Brothers Harriman & Co
New York
$7K – – –
VFA
203
Valeo Financial Advisors
Indiana
$7K – – –
NSIM
204
North Star Investment Management
Illinois
$7K +$6.79K +150 New
CFA
205
Carroll Financial Associates
North Carolina
$4K -$45 -1 -1%
GWM
206
Geneos Wealth Management
Colorado
$4K – – –
FHA
207
Flagship Harbor Advisors
Massachusetts
$4K +$4.52K +100 New
BCA
208
Berman Capital Advisors
Georgia
$3K – – –
WOC
209
West Oak Capital
California
$3K – – –
Carson Wealth (CWM LLC)
210
Carson Wealth (CWM LLC)
Nebraska
$2K – – –
GSWM
211
Golden State Wealth Management
California
$2K – – –
ZB
212
Zions Bancorporation
Utah
$2K – – –
EARNEST Partners
213
EARNEST Partners
Georgia
$1K – – –
GI
214
Gradient Investments
Minnesota
$1K – – –
MAM
215
Meeder Asset Management
Ohio
$1K +$271 +6 +38%
WT
216
Whittier Trust
California
$1K +$678 +15 New
GT
217
Glenmede Trust
Pennsylvania
$52 – – –
PFC
218
Phocas Financial Corp
California
– -$4.48M -94,719 Closed
RA
219
Royce & Associates
New York
– -$4.43M -93,568 Closed
LG
220
Leuthold Group
Minnesota
– -$3.01M -63,545 Closed
CBOA
221
Commonwealth Bank of Australia
Australia
– -$1.98M -41,982 Closed
BBL
222
Beck Bode LLC
Massachusetts
– -$1.84M -38,837 Closed
MWNA
223
Marshall Wace North America
New York
– -$1.35M -28,522 Closed
Lazard Asset Management
224
Lazard Asset Management
New York
– -$1.02M -21,493 Closed
Asset Management One
225
Asset Management One
Japan
– -$941K -19,899 Closed
7 8
9
10 11

PAG Hedge Fund Activity: Q3 2019 in Review

220 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q3 2019, worth a combined $1.64B — down 1.7% from $1.67B a quarter earlier.

Sellers outnumbered buyers: 36 funds closed out of PAG and 22 opened new positions — a net loss of 14 holders — while 84 trimmed existing stakes and 75 added.

The largest buyer was Ceredex Value Advisors, adding an estimated $14.4M. The largest seller was BlackRock, cutting an estimated $9.85M.

  • 220 institutional investors held Penske Automotive Group (PAG) as of Q3 2019, down from 234 in Q2 2019.
  • Funds reported $1.64B of Penske Automotive Group stock for Q3 2019, down 1.7% quarter-over-quarter.
  • 22 funds opened new Penske Automotive Group positions in Q3 2019 and 36 closed out, a net change of -14 holders.
  • The largest Penske Automotive Group buyer in Q3 2019 was Ceredex Value Advisors, an estimated $14.4M added.
  • The largest Penske Automotive Group seller in Q3 2019 was BlackRock, an estimated $9.85M sold.

Based on aggregated 13F filings for Q3 2019.