Penske Automotive Group
353 hedge funds and large institutions have $3.02B invested in Penske Automotive Group in 2023 Q3 according to their latest regulatory filings, with 52 funds opening new positions, 110 increasing their positions, 125 reducing their positions, and 44 closing their positions.
210% more call options, than puts
Call options by funds: $98M | Put options by funds: $31.6M
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
18% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 44
2% more funds holding
Funds holding: 347 → 353 (+6)
0.09% more ownership
Funds ownership: 26.81% → 26.9% (+0.09%)
2% less capital invested
Capital invested by funds: $3.08B → $3.02B (-$52M)
12% less repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 125
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$144M |
| 2 |
State Street
Boston,
Massachusetts
|
+$31.5M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$30.4M |
| 4 |
Bank of New York Mellon
New York
|
+$14.7M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
+$11.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$49.5M |
| 2 |
BAM
Burgundy Asset Management
Toronto,
Ontario, Canada
|
-$49.4M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$39.9M |
| 4 |
Millennium Management
New York
|
-$28.4M |
| 5 |
D.E. Shaw & Co
New York
|
-$20.3M |
PAG Hedge Fund Activity: Q3 2023 in Review
353 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q3 2023, worth a combined $3.02B — down 1.7% from $3.08B a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new PAG positions and 44 closed out — a net gain of 8 holders — while 110 added to existing stakes and 125 trimmed.
The largest buyer was BlackRock, adding an estimated $144M. The largest seller was Arrowstreet Capital, exiting entirely with an estimated $49.5M sold.
- 353 institutional investors held Penske Automotive Group (PAG) as of Q3 2023, up from 347 in Q2 2023.
- Funds reported $3.02B of Penske Automotive Group stock for Q3 2023, down 1.7% quarter-over-quarter.
- 52 funds opened new Penske Automotive Group positions in Q3 2023 and 44 closed out, a net change of +8 holders.
- The largest Penske Automotive Group buyer in Q3 2023 was BlackRock, an estimated $144M added.
- The largest Penske Automotive Group seller in Q3 2023 was Arrowstreet Capital, an estimated $49.5M sold.
Based on aggregated 13F filings for Q3 2023.