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Penske Automotive Group

250 hedge funds and large institutions have $2.35B invested in Penske Automotive Group in 2021 Q1 according to their latest regulatory filings, with 51 funds opening new positions, 74 increasing their positions, 79 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

38% more first-time investments, than exits

New positions opened: 51 | Existing positions closed: 37

33% more capital invested

Capital invested by funds: $1.77B → $2.35B (+$575M)

5% more funds holding

Funds holding: 238250 (+12)

0.9% less ownership

Funds ownership: 37.16%36.25% (-0.9%)

6% less repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 79

28% less call options, than puts

Call options by funds: $20.9M | Put options by funds: $28.9M

Holders
250
Holders Change
+12
Holders Change %
+5.04%
% of All Funds
4.39%
Holding in Top 10
4
Holding in Top 10 Change
+4
Holding in Top 10 Change %
% of All Funds
0.07%
New
51
Increased
74
Reduced
79
Closed
37
Calls
$20.9M
Puts
$28.9M
Net Calls
-$7.97M
Net Calls Change
-$4.98M
Name Holding Trade Value Shares
Change
Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$330M -$9.01M -128,883 -3%
Vanguard Group
2
Vanguard Group
Pennsylvania
$234M +$11.7M +167,228 +6%
BAM
3
Burgundy Asset Management
Ontario, Canada
$191M +$369K +5,276 +0.2%
LSV Asset Management
4
LSV Asset Management
Illinois
$175M -$4.8M -68,621 -3%
American Century Companies
5
American Century Companies
Missouri
$133M +$24.4M +348,757 +27%
BlackRock
6
BlackRock
New York
$118M +$1.98M +28,250 +2%
Victory Capital Management
7
Victory Capital Management
Texas
$77.7M -$23.4M -334,158 -26%
Bank of America
8
Bank of America
North Carolina
$52M -$1.6M -22,930 -3%
AQR Capital Management
9
AQR Capital Management
Connecticut
$45.4M +$2.64M +37,695 +7%
LCOV
10
London Company of Virginia
Virginia
$44.2M -$304K -4,349 -0.8%
State Street
11
State Street
Massachusetts
$41.6M -$6.72M -96,043 -16%
GI
12
GAMCO Investors
Connecticut
$40.7M +$68.5K +980 +0.2%
PMG
13
Private Management Group
California
$40.7M -$2.68M -38,295 -7%
First Trust Advisors
14
First Trust Advisors
Illinois
$34.4M +$13.5M +192,999 +82%
Bank of New York Mellon
15
Bank of New York Mellon
New York
$33.6M +$606K +8,665 +2%
Goldman Sachs
16
Goldman Sachs
New York
$31.3M +$2.01M +28,698 +8%
Arrowstreet Capital
17
Arrowstreet Capital
Massachusetts
$30.2M +$21.7M +310,280 +472%
Geode Capital Management
18
Geode Capital Management
Massachusetts
$30.2M +$1.1M +15,774 +4%
Norges Bank
19
Norges Bank
Norway
$30.1M -$7.83M -111,902 -23%
Northern Trust
20
Northern Trust
Illinois
$28.8M -$12.7M -180,888 -33%
Morgan Stanley
21
Morgan Stanley
New York
$27.7M -$26.6M -380,837 -52%
DDPIC
22
Deroy & Devereaux Private Investment Counsel
Michigan
$24.2M -$349K -4,983 -2%
Charles Schwab
23
Charles Schwab
California
$22.6M +$491K +7,016 +3%
Citadel Advisors
24
Citadel Advisors
Florida
$22.3M +$10.6M +152,216 +121%
BGIM
25
Brandywine Global Investment Management
Pennsylvania
$21.5M -$4.1M -58,609 -18%

PAG Hedge Fund Activity: Q1 2021 in Review

250 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q1 2021, worth a combined $2.35B — up 33% from $1.77B a quarter earlier.

Buyers outnumbered sellers: 51 funds opened new PAG positions and 37 closed out — a net gain of 14 holders — while 74 added to existing stakes and 79 trimmed.

The largest buyer was American Century Companies, adding an estimated $24.4M. The largest seller was Fiduciary Management Inc, exiting entirely with an estimated $27.8M sold.

  • 250 institutional investors held Penske Automotive Group (PAG) as of Q1 2021, up from 238 in Q4 2020.
  • Funds reported $2.35B of Penske Automotive Group stock for Q1 2021, up 33% quarter-over-quarter.
  • 51 funds opened new Penske Automotive Group positions in Q1 2021 and 37 closed out, a net change of +14 holders.
  • The largest Penske Automotive Group buyer in Q1 2021 was American Century Companies, an estimated $24.4M added.
  • The largest Penske Automotive Group seller in Q1 2021 was Fiduciary Management Inc, an estimated $27.8M sold.

Based on aggregated 13F filings for Q1 2021.