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Penske Automotive Group

365 hedge funds and large institutions have $2.85B invested in Penske Automotive Group in 2023 Q4 according to their latest regulatory filings, with 52 funds opening new positions, 103 increasing their positions, 142 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

266% more call options, than puts

Call options by funds: $43.3M | Put options by funds: $11.8M

37% more first-time investments, than exits

New positions opened: 52 | Existing positions closed: 38

3% more funds holding

Funds holding: 354365 (+11)

0.51% less ownership

Funds ownership: 26.9%26.39% (-0.51%)

6% less capital invested

Capital invested by funds: $3.02B → $2.85B (-$178M)

27% less repeat investments, than reductions

Existing positions increased: 103 | Existing positions reduced: 142

60% less funds holding in top 10

Funds holding in top 10: 52 (-3)

Holders
365
Holders Change
+11
Holders Change %
+3.11%
% of All Funds
5.32%
Holding in Top 10
2
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-60%
% of All Funds
0.03%
New
52
Increased
103
Reduced
142
Closed
38
Calls
$43.3M
Puts
$11.8M
Net Calls
+$31.5M
Net Calls Change
-$34.9M
Name Holding Trade Value Shares
Change
Change in
Stake
Dimensional Fund Advisors
1
Dimensional Fund Advisors
Texas
$328M -$47.1M -307,686 -13%
Vanguard Group
2
Vanguard Group
Pennsylvania
$327M +$827K +5,399 +0.3%
BlackRock
3
BlackRock
New York
$322M -$5.26M -34,311 -2%
LSV Asset Management
4
LSV Asset Management
Illinois
$205M -$13.9M -90,635 -7%
Morgan Stanley
5
Morgan Stanley
New York
$130M +$65.6M +428,444 +112%
BAM
6
Burgundy Asset Management
Ontario, Canada
$121M +$4.14M +27,055 +4%
State Street
7
State Street
Massachusetts
$99.8M +$1.06M +6,922 +1%
Bank of America
8
Bank of America
North Carolina
$75.7M -$5.55M -36,259 -7%
GI
9
GAMCO Investors
Connecticut
$69.4M -$425K -2,774 -0.6%
AQR Capital Management
10
AQR Capital Management
Connecticut
$52.6M -$3M -19,573 -6%
American Century Companies
11
American Century Companies
Missouri
$52.4M +$7.32M +47,811 +17%
Geode Capital Management
12
Geode Capital Management
Massachusetts
$48.7M +$761K +4,969 +2%
Goldman Sachs
13
Goldman Sachs
New York
$48.2M +$1.23M +8,010 +3%
Invesco
14
Invesco
Georgia
$43.3M -$3.52M -22,987 -8%
Bank of New York Mellon
15
Bank of New York Mellon
New York
$40.7M -$5.6M -36,581 -13%
JVBC
16
J.V. Bruni & Co
Colorado
$35M -$920K -6,006 -3%
PMG
17
Private Management Group
California
$34.9M -$2.81M -18,370 -8%
Norges Bank
18
Norges Bank
Norway
$30.8M +$3.07M +20,032 +12%
HKAM
19
Horizon Kinetics Asset Management
New York
$30.4M -$1.02M -6,633 -3%
T. Rowe Price Associates
20
T. Rowe Price Associates
Maryland
$30.3M +$5.3M +34,581 +22%
Qube Research & Technologies (QRT)
21
Qube Research & Technologies (QRT)
United Kingdom
$26.9M +$14.4M +94,248 +128%
Fidelity Investments
22
Fidelity Investments
Massachusetts
$24.3M +$263K +1,716 +1%
BGIM
23
Brandywine Global Investment Management
Pennsylvania
$23.7M -$524K -3,418 -2%
Northern Trust
24
Northern Trust
Illinois
$22.9M +$824K +5,378 +4%
Charles Schwab
25
Charles Schwab
California
$22.8M +$589K +3,844 +3%

PAG Hedge Fund Activity: Q4 2023 in Review

365 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q4 2023, worth a combined $2.85B — down 5.9% from $3.02B a quarter earlier.

Buyers outnumbered sellers: 52 funds opened new PAG positions and 38 closed out — a net gain of 14 holders — while 103 added to existing stakes and 142 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $65.6M. The largest seller was Dimensional Fund Advisors, cutting an estimated $47.1M.

  • 365 institutional investors held Penske Automotive Group (PAG) as of Q4 2023, up from 354 in Q3 2023.
  • Funds reported $2.85B of Penske Automotive Group stock for Q4 2023, down 5.9% quarter-over-quarter.
  • 52 funds opened new Penske Automotive Group positions in Q4 2023 and 38 closed out, a net change of +14 holders.
  • The largest Penske Automotive Group buyer in Q4 2023 was Morgan Stanley, an estimated $65.6M added.
  • The largest Penske Automotive Group seller in Q4 2023 was Dimensional Fund Advisors, an estimated $47.1M sold.

Based on aggregated 13F filings for Q4 2023.