Penske Automotive Group
347 hedge funds and large institutions have $3.08B invested in Penske Automotive Group in 2023 Q2 according to their latest regulatory filings, with 48 funds opening new positions, 90 increasing their positions, 137 reducing their positions, and 30 closing their positions.
473% more call options, than puts
Call options by funds: $54.5M | Put options by funds: $9.51M
60% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 30
7% more capital invested
Capital invested by funds: $2.88B → $3.08B (+$201M)
5% more funds holding
Funds holding: 331 → 347 (+16)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
3.43% less ownership
Funds ownership: 30.24% → 26.81% (-3.4%)
34% less repeat investments, than reductions
Existing positions increased: 90 | Existing positions reduced: 137
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$15.7M |
| 2 |
Jane Street
New York
|
+$9.03M |
| 3 |
Tudor Investment Corp
Stamford,
Connecticut
|
+$7.19M |
| 4 |
Squarepoint
New York
|
+$6.29M |
| 5 |
ACM
Arosa Capital Management
Miami Beach,
Florida
|
+$3.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
-$87.6M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$26.3M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$24.7M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$24.7M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$21.7M |
PAG Hedge Fund Activity: Q2 2023 in Review
347 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q2 2023, worth a combined $3.08B — up 7% from $2.88B a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new PAG positions and 30 closed out — a net gain of 18 holders — while 90 added to existing stakes and 137 trimmed.
The largest buyer was Millennium Management, adding an estimated $15.7M. The largest seller was Envestnet Asset Management, cutting an estimated $87.6M.
- 347 institutional investors held Penske Automotive Group (PAG) as of Q2 2023, up from 331 in Q1 2023.
- Funds reported $3.08B of Penske Automotive Group stock for Q2 2023, up 7% quarter-over-quarter.
- 48 funds opened new Penske Automotive Group positions in Q2 2023 and 30 closed out, a net change of +18 holders.
- The largest Penske Automotive Group buyer in Q2 2023 was Millennium Management, an estimated $15.7M added.
- The largest Penske Automotive Group seller in Q2 2023 was Envestnet Asset Management, an estimated $87.6M sold.
Based on aggregated 13F filings for Q2 2023.