Penske Automotive Group
250 hedge funds and large institutions have $2.35B invested in Penske Automotive Group in 2021 Q1 according to their latest regulatory filings, with 51 funds opening new positions, 74 increasing their positions, 79 reducing their positions, and 37 closing their positions.
38% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 37
33% more capital invested
Capital invested by funds: $1.77B → $2.35B (+$575M)
5% more funds holding
Funds holding: 238 → 250 (+12)
0.9% less ownership
Funds ownership: 37.16% → 36.25% (-0.9%)
6% less repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 79
28% less call options, than puts
Call options by funds: $20.9M | Put options by funds: $28.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
+$24.4M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$21.7M |
| 3 |
PSP
Principal Street Partners
Memphis,
Tennessee
|
+$13.6M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$13.5M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$11.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
-$27.8M |
| 2 |
Morgan Stanley
New York
|
-$26.6M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$23.4M |
| 4 |
FA
Friess Associates
Greenville,
Delaware
|
-$19.4M |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$12.7M |
PAG Hedge Fund Activity: Q1 2021 in Review
250 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q1 2021, worth a combined $2.35B — up 33% from $1.77B a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new PAG positions and 37 closed out — a net gain of 14 holders — while 74 added to existing stakes and 79 trimmed.
The largest buyer was American Century Companies, adding an estimated $24.4M. The largest seller was Fiduciary Management Inc, exiting entirely with an estimated $27.8M sold.
- 250 institutional investors held Penske Automotive Group (PAG) as of Q1 2021, up from 238 in Q4 2020.
- Funds reported $2.35B of Penske Automotive Group stock for Q1 2021, up 33% quarter-over-quarter.
- 51 funds opened new Penske Automotive Group positions in Q1 2021 and 37 closed out, a net change of +14 holders.
- The largest Penske Automotive Group buyer in Q1 2021 was American Century Companies, an estimated $24.4M added.
- The largest Penske Automotive Group seller in Q1 2021 was Fiduciary Management Inc, an estimated $27.8M sold.
Based on aggregated 13F filings for Q1 2021.