Penske Automotive Group
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$83.4M |
| 2 |
RCAMU
Rothschild & Co Asset Management US
Stamford,
Connecticut
|
+$15M |
| 3 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$13.5M |
| 4 |
PP
PDT Partners
New York
|
+$12.4M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$9.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
-$37.7M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$15.9M |
| 3 |
GI
GAMCO Investors
Greenwich,
Connecticut
|
-$14.8M |
| 4 |
FIM
Foresters Investment Management
New York
|
-$13.4M |
| 5 |
JP Morgan Chase
New York
|
-$12M |
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.