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Penske Automotive Group

362 hedge funds and large institutions have $2.85B invested in Penske Automotive Group in 2024 Q1 according to their latest regulatory filings, with 40 funds opening new positions, 103 increasing their positions, 144 reducing their positions, and 43 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 24 (+2)

96% more call options, than puts

Call options by funds: $52.4M | Put options by funds: $26.7M

0% more capital invested

Capital invested by funds: $2.85B → $2.85B (+$707K)

0.14% less ownership

Funds ownership: 26.39%26.25% (-0.14%)

1% less funds holding

Funds holding: 365362 (-3)

7% less first-time investments, than exits

New positions opened: 40 | Existing positions closed: 43

28% less repeat investments, than reductions

Existing positions increased: 103 | Existing positions reduced: 144

Holders
362
Holders Change
-3
Holders Change %
-0.82%
% of All Funds
5.21%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
40
Increased
103
Reduced
144
Closed
43
Calls
$52.4M
Puts
$26.7M
Net Calls
+$25.6M
Net Calls Change
-$5.85M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$368M +$40.5M +265,438 +13%
Vanguard Group
2
Vanguard Group
Pennsylvania
$330M +$54.2K +355 +0%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$298M -$31M -202,813 -10%
LSV Asset Management
4
LSV Asset Management
Illinois
$194M -$11.7M -76,684 -6%
Bank of America
5
Bank of America
North Carolina
$134M +$54.2M +355,093 +75%
BAM
6
Burgundy Asset Management
Ontario, Canada
$124M +$1.24M +8,143 +1%
State Street
7
State Street
Massachusetts
$104M +$3.5M +22,939 +4%
GI
8
GAMCO Investors
Connecticut
$69.5M -$563K -3,686 -0.9%
Morgan Stanley
9
Morgan Stanley
New York
$59.8M -$67.2M -440,232 -54%
American Century Companies
10
American Century Companies
Missouri
$52.7M -$120K -789 -0.2%
AQR Capital Management
11
AQR Capital Management
Connecticut
$51.6M -$1.37M -8,942 -3%
Geode Capital Management
12
Geode Capital Management
Massachusetts
$50.8M +$1.54M +10,063 +3%
Goldman Sachs
13
Goldman Sachs
New York
$45.8M -$2.68M -17,531 -6%
Invesco
14
Invesco
Georgia
$41.5M -$2.05M -13,449 -5%
Bank of New York Mellon
15
Bank of New York Mellon
New York
$39.6M -$1.3M -8,527 -3%
JVBC
16
J.V. Bruni & Co
Colorado
$34.8M -$488K -3,199 -1%
PMG
17
Private Management Group
California
$31.5M -$3.51M -22,970 -11%
T. Rowe Price Associates
18
T. Rowe Price Associates
Maryland
$30.5M -$49.5K -324 -0.2%
HKAM
19
Horizon Kinetics Asset Management
New York
$30.1M -$608K -3,979 -2%
Qube Research & Technologies (QRT)
20
Qube Research & Technologies (QRT)
United Kingdom
$30M +$2.65M +17,364 +10%
Citadel Advisors
21
Citadel Advisors
Florida
$24.9M +$2.71M +17,753 +13%
Fidelity Investments
22
Fidelity Investments
Massachusetts
$24.9M +$371K +2,429 +2%
First Trust Advisors
23
First Trust Advisors
Illinois
$24.8M +$7.28M +47,681 +45%
BGIM
24
Brandywine Global Investment Management
Pennsylvania
$23.4M -$576K -3,769 -3%
Norges Bank
25
Norges Bank
Norway
$23.3M -$7.41M -48,520 -25%

PAG Hedge Fund Activity: Q1 2024 in Review

362 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q1 2024, worth a combined $2.85B — up 0.02% from $2.85B a quarter earlier.

Sellers outnumbered buyers: 43 funds closed out of PAG and 40 opened new positions — a net loss of 3 holders — while 144 trimmed existing stakes and 103 added.

The largest buyer was Bank of America, adding an estimated $54.2M. The largest seller was Morgan Stanley, cutting an estimated $67.2M.

  • 362 institutional investors held Penske Automotive Group (PAG) as of Q1 2024, down from 365 in Q4 2023.
  • Funds reported $2.85B of Penske Automotive Group stock for Q1 2024, up 0.02% quarter-over-quarter.
  • 40 funds opened new Penske Automotive Group positions in Q1 2024 and 43 closed out, a net change of -3 holders.
  • The largest Penske Automotive Group buyer in Q1 2024 was Bank of America, an estimated $54.2M added.
  • The largest Penske Automotive Group seller in Q1 2024 was Morgan Stanley, an estimated $67.2M sold.

Based on aggregated 13F filings for Q1 2024.