Penske Automotive Group
PAG
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, 83 reducing their positions, and 31 closing their positions.
239% more call options, than puts
Call options by funds: $14.2M | Put options by funds: $4.18M
41% more capital inflows, than outflows
Capital inflows: $160M | Capital outflows: $114M
26% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 31
2% more funds holding
Funds holding: 236 → 240 (+4)
0.78% more ownership
Funds ownership: 41.86% → 42.64% (+0.78%)
11% less repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 83
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CI Investments Inc
Toronto,
Ontario, Canada
|
+$42.6M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$16.1M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$7.96M |
| 4 |
Marshall Wace North America
New York
|
+$6.89M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$6.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DePrince Race & Zollo Inc (DRZ)
Winter Park,
Florida
|
-$30M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$7.7M |
| 3 |
Russell Investments Group
London,
United Kingdom
|
-$7.54M |
| 4 |
United Services Automobile Association
San Antonio,
Texas
|
-$6.46M |
| 5 |
Renaissance Technologies
New York
|
-$4.91M |
PAG Hedge Fund Activity: Q2 2018 in Review
240 of the 4,386 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q2 2018, worth a combined $1.7B — up 6.2% 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 83 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 6.2% 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.