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Penske Automotive Group

240 hedge funds and large institutions have $1.7B invested in Penske Automotive Group in 2018 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 74 increasing their positions, 84 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

239% more call options, than puts

Call options by funds: $14.2M | Put options by funds: $4.17M

26% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 31

6% more capital invested

Capital invested by funds: $1.6B → $1.7B (+$97.5M)

2% more funds holding

Funds holding: 236240 (+4)

0.72% more ownership

Funds ownership: 41.92%42.64% (+0.72%)

12% less repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 84

Holders
240
Holders Change
+4
Holders Change %
+1.69%
% of All Funds
5.49%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
39
Increased
74
Reduced
84
Closed
31
Calls
$14.2M
Puts
$4.17M
Net Calls
+$9.99M
Net Calls Change
+$5.99M
Name Holding Trade Value Shares
Change
Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$151M +$6.66M +141,161 +5%
BlackRock
2
BlackRock
New York
$144M -$4.88M -103,513 -3%
Vanguard Group
3
Vanguard Group
Pennsylvania
$141M +$7.96M +168,694 +6%
LSV Asset Management
4
LSV Asset Management
Illinois
$126M +$2.8M +59,311 +2%
LCOV
5
London Company of Virginia
Virginia
$111M -$2.75M -58,211 -2%
Victory Capital Management
6
Victory Capital Management
Texas
$103M +$16.1M +341,693 +18%
BAM
7
Burgundy Asset Management
Ontario, Canada
$95.9M -$4.5M -95,451 -4%
FMI
8
Fiduciary Management Inc
Wisconsin
$82.2M -$3.38M -71,682 -4%
CI Investments Inc
9
CI Investments Inc
Ontario, Canada
$42.3M +$42.6M +903,361 New
PP
10
Prudential plc
United Kingdom
$33.4M -$1.29M -27,400 -4%
State Street
11
State Street
Massachusetts
$28.6M -$2.2M -46,603 -7%
Morgan Stanley
12
Morgan Stanley
New York
$27.7M +$2.5M +53,000 +10%
Bank of America
13
Bank of America
North Carolina
$26.9M +$3.11M +65,916 +13%
PMG
14
Private Management Group
California
$25.5M +$16.9K +359 +0.1%
GI
15
GAMCO Investors
Connecticut
$24.5M -$42.7K -905 -0.2%
Bank of New York Mellon
16
Bank of New York Mellon
New York
$20.4M +$80K +1,697 +0.4%
FIM
17
Foresters Investment Management
New York
$19.7M -$959K -20,325 -5%
Charles Schwab
18
Charles Schwab
California
$19.1M +$1.66M +35,256 +9%
FAM
19
Fenimore Asset Management
New York
$18.5M +$2.13M +45,117 +13%
Geode Capital Management
20
Geode Capital Management
Massachusetts
$15.3M +$777K +16,472 +5%
Northern Trust
21
Northern Trust
Illinois
$14.1M +$3.1M +65,804 +28%
Prudential Financial
22
Prudential Financial
New Jersey
$14.1M +$687K +14,557 +5%
PFMOSF
23
Philadelphia Financial Management of San Francisco
California
$13.9M +$5.69M +120,597 +68%
American Century Companies
24
American Century Companies
Missouri
$13.4M -$2.45M -51,983 -15%
CI
25
Cambiar Investors
Colorado
$13.4M -$872K -18,499 -6%

PAG Hedge Fund Activity: Q2 2018 in Review

240 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q2 2018, worth a combined $1.7B — up 6.1% from $1.6B a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new PAG positions and 31 closed out — a net gain of 8 holders — while 74 added to existing stakes and 84 trimmed.

The largest buyer was CI Investments Inc, opening a new position worth an estimated $42.6M. The largest seller was DePrince Race & Zollo Inc (DRZ), exiting entirely with an estimated $30M sold.

  • 240 institutional investors held Penske Automotive Group (PAG) as of Q2 2018, up from 236 in Q1 2018.
  • Funds reported $1.7B of Penske Automotive Group stock for Q2 2018, up 6.1% quarter-over-quarter.
  • 39 funds opened new Penske Automotive Group positions in Q2 2018 and 31 closed out, a net change of +8 holders.
  • The largest Penske Automotive Group buyer in Q2 2018 was CI Investments Inc, an estimated $42.6M added.
  • The largest Penske Automotive Group seller in Q2 2018 was DePrince Race & Zollo Inc (DRZ), an estimated $30M sold.

Based on aggregated 13F filings for Q2 2018.