Penske Automotive Group
210 hedge funds and large institutions have $1.91B invested in Penske Automotive Group in 2014 Q2 according to their latest regulatory filings, with 51 funds opening new positions, 67 increasing their positions, 64 reducing their positions, and 13 closing their positions.
292% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 13
61% more call options, than puts
Call options by funds: $3.01M | Put options by funds: $1.87M
21% more funds holding
Funds holding: 173 → 210 (+37)
16% more capital invested
Capital invested by funds: $1.65B → $1.91B (+$262M)
5% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 64
0.05% more ownership
Funds ownership: 42.62% → 42.67% (+0.05%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$20.3M |
| 2 |
AP
Alydar Partners
Boston,
Massachusetts
|
+$20.2M |
| 3 |
NI
Numeric Investors
Boston,
Massachusetts
|
+$14.8M |
| 4 |
FAM
Fred Alger Management
New York
|
+$12.4M |
| 5 |
GIG
Goodnow Investment Group
Darien,
Connecticut
|
+$8.92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$34.8M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$29.1M |
| 3 |
SCM
Shapiro Capital Management
Atlanta,
Georgia
|
-$26.9M |
| 4 |
Northern Trust
Chicago,
Illinois
|
-$19.5M |
| 5 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
-$14.4M |
PAG Hedge Fund Activity: Q2 2014 in Review
210 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q2 2014, worth a combined $1.91B — up 16% from $1.65B a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new PAG positions and 13 closed out — a net gain of 38 holders — while 67 added to existing stakes and 64 trimmed.
The largest buyer was Norges Bank, adding an estimated $20.3M. The largest seller was BlackRock Fund Advisors, cutting an estimated $34.8M.
- 210 institutional investors held Penske Automotive Group (PAG) as of Q2 2014, up from 173 in Q1 2014.
- Funds reported $1.91B of Penske Automotive Group stock for Q2 2014, up 16% quarter-over-quarter.
- 51 funds opened new Penske Automotive Group positions in Q2 2014 and 13 closed out, a net change of +38 holders.
- The largest Penske Automotive Group buyer in Q2 2014 was Norges Bank, an estimated $20.3M added.
- The largest Penske Automotive Group seller in Q2 2014 was BlackRock Fund Advisors, an estimated $34.8M sold.
Based on aggregated 13F filings for Q2 2014.