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Penske Automotive Group

221 hedge funds and large institutions have $1.8B invested in Penske Automotive Group in 2016 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 62 increasing their positions, 91 reducing their positions, and 26 closing their positions.

New
Increased
Maintained
Reduced
Closed

264% more call options, than puts

Call options by funds: $10.5M | Put options by funds: $2.89M

100% more funds holding in top 10

Funds holding in top 10: 12 (+1)

69% more first-time investments, than exits

New positions opened: 44 | Existing positions closed: 26

7% more funds holding

Funds holding: 207221 (+14)

2% more capital invested

Capital invested by funds: $1.77B → $1.8B (+$36.3M)

4.05% less ownership

Funds ownership: 44.84%40.79% (-4%)

32% less repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 91

Holders
221
Holders Change
+14
Holders Change %
+6.76%
% of All Funds
5.52%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
44
Increased
62
Reduced
91
Closed
26
Calls
$10.5M
Puts
$2.89M
Net Calls
+$7.61M
Net Calls Change
+$2.25M
Name Holding Trade Value Shares
Change
Change in
Stake
LCOV
1
London Company of Virginia
Virginia
$169M -$9.09M -186,569 -5%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$159M -$6.31M -129,368 -4%
BAM
3
Burgundy Asset Management
Ontario, Canada
$146M +$7.86M +161,197 +6%
Vanguard Group
4
Vanguard Group
Pennsylvania
$137M -$5.84M -119,818 -4%
LSV Asset Management
5
LSV Asset Management
Illinois
$118M +$7.31M +149,951 +7%
Capital Research Global Investors
6
Capital Research Global Investors
California
$94.1M
FMI
7
Fiduciary Management Inc
Wisconsin
$66M +$1.53M +31,335 +3%
SI
8
Sentry Investments
Ontario, Canada
$60.8M -$10.9M -223,400 -16%
BIT
9
BlackRock Institutional Trust
California
$54.3M +$4.01M +82,231 +9%
GI
10
GAMCO Investors
Connecticut
$42.4M -$960K -19,700 -2%
FIM
11
Foresters Investment Management
New York
$36.8M +$200K +4,100 +0.6%
KAM
12
Keeley Asset Management
Illinois
$35.1M -$4.64M -95,154 -12%
Bank of America
13
Bank of America
North Carolina
$32.4M -$3.36M -68,886 -10%
State Street
14
State Street
Massachusetts
$32.2M -$8.14K -167 -0%
PMG
15
Private Management Group
California
$27.1M -$1.14M -23,338 -4%
Prudential Financial
16
Prudential Financial
New Jersey
$25.1M -$157K -3,230 -0.7%
Morgan Stanley
17
Morgan Stanley
New York
$22M +$2.65M +54,311 +15%
BFA
18
BlackRock Fund Advisors
California
$21.2M +$2.19M +44,977 +12%
JP Morgan Chase
19
JP Morgan Chase
New York
$20.9M -$1.97M -40,392 -9%
PP
20
Prudential plc
United Kingdom
$19.7M +$3.11M +63,900 +20%
Goldman Sachs
21
Goldman Sachs
New York
$18M -$339K -6,948 -2%
BGIM
22
Brandywine Global Investment Management
Pennsylvania
$17.2M +$8.94M +183,420 +124%
Bank of New York Mellon
23
Bank of New York Mellon
New York
$16.6M +$994K +20,382 +7%
GH
24
GAM Holding
Switzerland
$15.5M -$3M -61,600 -17%
Victory Capital Management
25
Victory Capital Management
Texas
$15M -$12M -246,400 -46%

PAG Hedge Fund Activity: Q4 2016 in Review

221 of the 4,001 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q4 2016, worth a combined $1.8B — up 2.1% from $1.77B a quarter earlier.

Buyers outnumbered sellers: 44 funds opened new PAG positions and 26 closed out — a net gain of 18 holders — while 62 added to existing stakes and 91 trimmed.

The largest buyer was Renaissance Technologies, opening a new position worth an estimated $11.5M. The largest seller was First Trust Advisors, cutting an estimated $33.2M.

  • 221 institutional investors held Penske Automotive Group (PAG) as of Q4 2016, up from 207 in Q3 2016.
  • Funds reported $1.8B of Penske Automotive Group stock for Q4 2016, up 2.1% quarter-over-quarter.
  • 44 funds opened new Penske Automotive Group positions in Q4 2016 and 26 closed out, a net change of +18 holders.
  • The largest Penske Automotive Group buyer in Q4 2016 was Renaissance Technologies, an estimated $11.5M added.
  • The largest Penske Automotive Group seller in Q4 2016 was First Trust Advisors, an estimated $33.2M sold.

Based on aggregated 13F filings for Q4 2016.