Penske Automotive Group
331 hedge funds and large institutions have $2.88B invested in Penske Automotive Group in 2023 Q1 according to their latest regulatory filings, with 42 funds opening new positions, 107 increasing their positions, 127 reducing their positions, and 32 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
39% more capital invested
Capital invested by funds: $2.06B → $2.88B (+$811M)
31% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 32
5.04% more ownership
Funds ownership: 25.2% → 30.24% (+5%)
2% more funds holding
Funds holding: 323 → 331 (+8)
10% less call options, than puts
Call options by funds: $28.4M | Put options by funds: $31.7M
16% less repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 127
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$80.1M |
| 2 |
Balyasny Asset Management
Chicago,
Illinois
|
+$38.6M |
| 3 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$27.1M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
+$12.8M |
| 5 |
BlackRock
New York
|
+$11.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$23.3M |
| 2 |
LCOV
London Company of Virginia
Richmond,
Virginia
|
-$20.1M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$17.5M |
| 4 |
HF
HRT Financial
New York
|
-$12.7M |
| 5 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$12M |
PAG Hedge Fund Activity: Q1 2023 in Review
331 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q1 2023, worth a combined $2.88B — up 39% from $2.06B a quarter earlier.
Buyers outnumbered sellers: 42 funds opened new PAG positions and 32 closed out — a net gain of 10 holders — while 107 added to existing stakes and 127 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $80.1M. The largest seller was Goldman Sachs, cutting an estimated $23.3M.
- 331 institutional investors held Penske Automotive Group (PAG) as of Q1 2023, up from 323 in Q4 2022.
- Funds reported $2.88B of Penske Automotive Group stock for Q1 2023, up 39% quarter-over-quarter.
- 42 funds opened new Penske Automotive Group positions in Q1 2023 and 32 closed out, a net change of +10 holders.
- The largest Penske Automotive Group buyer in Q1 2023 was Envestnet Asset Management, an estimated $80.1M added.
- The largest Penske Automotive Group seller in Q1 2023 was Goldman Sachs, an estimated $23.3M sold.
Based on aggregated 13F filings for Q1 2023.