Penske Automotive Group
259 hedge funds and large institutions have $1.75B invested in Penske Automotive Group in 2018 Q3 according to their latest regulatory filings, with 44 funds opening new positions, 90 increasing their positions, 77 reducing their positions, and 24 closing their positions.
448% more call options, than puts
Call options by funds: $12.8M | Put options by funds: $2.35M
83% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 24
17% more repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 77
8% more funds holding
Funds holding: 240 → 259 (+19)
3% more capital invested
Capital invested by funds: $1.7B → $1.75B (+$48.7M)
0.78% more ownership
Funds ownership: 42.64% → 43.42% (+0.78%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$28.6M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$21M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$18.9M |
| 4 |
JP Morgan Chase
New York
|
+$10.4M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$6.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
-$16.6M |
| 2 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
-$13.9M |
| 3 |
CB
Cooke & Bieler
Philadelphia,
Pennsylvania
|
-$10.1M |
| 4 |
LCOV
London Company of Virginia
Richmond,
Virginia
|
-$9.89M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$9.57M |
PAG Hedge Fund Activity: Q3 2018 in Review
259 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q3 2018, worth a combined $1.75B — up 2.9% from $1.7B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new PAG positions and 24 closed out — a net gain of 20 holders — while 90 added to existing stakes and 77 trimmed.
The largest buyer was BlackRock, adding an estimated $28.6M. The largest seller was Fiduciary Management Inc, cutting an estimated $16.6M.
- 259 institutional investors held Penske Automotive Group (PAG) as of Q3 2018, up from 240 in Q2 2018.
- Funds reported $1.75B of Penske Automotive Group stock for Q3 2018, up 2.9% quarter-over-quarter.
- 44 funds opened new Penske Automotive Group positions in Q3 2018 and 24 closed out, a net change of +20 holders.
- The largest Penske Automotive Group buyer in Q3 2018 was BlackRock, an estimated $28.6M added.
- The largest Penske Automotive Group seller in Q3 2018 was Fiduciary Management Inc, an estimated $16.6M sold.
Based on aggregated 13F filings for Q3 2018.