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, 102 increasing their positions, 145 reducing their positions, and 43 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
96% more call options, than puts
Call options by funds: $52.4M | Put options by funds: $26.7M
2% more capital invested
Capital invested by funds: $2.78B → $2.85B (+$65.1M)
0.45% more ownership
Funds ownership: 25.8% → 26.25% (+0.45%)
1% less funds holding
Funds holding: 365 → 362 (-3)
7% less first-time investments, than exits
New positions opened: 40 | Existing positions closed: 43
30% less repeat investments, than reductions
Existing positions increased: 102 | Existing positions reduced: 145
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$54.2M |
| 2 |
BlackRock
New York
|
+$40.5M |
| 3 |
Millennium Management
New York
|
+$12.4M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$9.32M |
| 5 |
ECM
ExodusPoint Capital Management
New York
|
+$7.43M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dimensional Fund Advisors
Austin,
Texas
|
-$31M |
| 2 |
LSV Asset Management
Chicago,
Illinois
|
-$11.7M |
| 3 |
MPM
Meritage Portfolio Management
Overland Park,
Kansas
|
-$10.8M |
| 4 |
HW
Hancock Whitney
Gulfport,
Mississippi
|
-$8.69M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$7.41M |
PAG Hedge Fund Activity: Q1 2024 in Review
362 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Penske Automotive Group (PAG) for Q1 2024, worth a combined $2.85B — up 2.3% from $2.78B a quarter earlier.
Sellers outnumbered buyers: 43 funds closed out of PAG and 40 opened new positions — a net loss of 3 holders — while 145 trimmed existing stakes and 102 added.
The largest buyer was Bank of America, adding an estimated $54.2M. The largest seller was Dimensional Fund Advisors, cutting an estimated $31M.
- 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 2.3% 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 Dimensional Fund Advisors, an estimated $31M sold.
Based on aggregated 13F filings for Q1 2024.