Penske Automotive Group
187 hedge funds and large institutions have $899M invested in Penske Automotive Group in 2020 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 65 increasing their positions, 63 reducing their positions, and 69 closing their positions.
582% more call options, than puts
Call options by funds: $3.44M | Put options by funds: $504K
3% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 63
0.62% less ownership
Funds ownership: 40.1% → 39.48% (-0.62%)
23% less funds holding
Funds holding: 243 → 187 (-56)
46% less capital invested
Capital invested by funds: $1.65B → $899M (-$754M)
74% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 69
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DDPIC
Deroy & Devereaux Private Investment Counsel
Bloomfield Hills,
Michigan
|
+$14.4M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$12.8M |
| 3 |
Millennium Management
New York
|
+$9.13M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
+$9.05M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$5.84M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$18.8M |
| 2 |
Morgan Stanley
New York
|
-$12.7M |
| 3 |
LCOV
London Company of Virginia
Richmond,
Virginia
|
-$10.7M |
| 4 |
PSP
Principal Street Partners
Memphis,
Tennessee
|
-$7.75M |
| 5 |
Squarepoint
New York
|
-$6.76M |
PAG Hedge Fund Activity: Q1 2020 in Review
187 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q1 2020, worth a combined $899M — down 46% from $1.65B a quarter earlier.
Sellers outnumbered buyers: 69 funds closed out of PAG and 18 opened new positions — a net loss of 51 holders — while 63 trimmed existing stakes and 65 added.
The largest buyer was Deroy & Devereaux Private Investment Counsel, opening a new position worth an estimated $14.4M. The largest seller was BlackRock, cutting an estimated $18.8M.
- 187 institutional investors held Penske Automotive Group (PAG) as of Q1 2020, down from 243 in Q4 2019.
- Funds reported $899M of Penske Automotive Group stock for Q1 2020, down 46% quarter-over-quarter.
- 18 funds opened new Penske Automotive Group positions in Q1 2020 and 69 closed out, a net change of -51 holders.
- The largest Penske Automotive Group buyer in Q1 2020 was Deroy & Devereaux Private Investment Counsel, an estimated $14.4M added.
- The largest Penske Automotive Group seller in Q1 2020 was BlackRock, an estimated $18.8M sold.
Based on aggregated 13F filings for Q1 2020.