Penske Automotive Group

PAG • NYSE

Penske Automotive Group is a auto - dealerships company in the consumer cyclical sector on NYSE, led by Roger S. Penske, with a market cap of $11.0B. As of Q3 2025, 25% of shares are held by 382 institutional investors, with BlackRock, Inc. as the largest holder at 2.91%.

Chairman and Chief Executive OfficerRoger S. Penske

Market Cap$11.0B

Auto - Dealerships

Consumer Cyclical

Employees28.5K

Websitepenskeautomotive.com

Country

United States of America

Overview

Overview of institutional ownership in PAG as of Q3 2025 with a market cap of $11.5B

All Institutions

Institutions: 382
Value Held: $2.9B
Shares Held: 16.8M
Avg Position: $7.7M
Median Position: $528.9K

Hedge Funds

Hedge Funds: 44
Value Held: $284.6M
Shares Held: 1.6M
Avg Position: $6.5M
Median Position: $1.0M

Ownership Breakdown

Institutional (non-HF)

23.0%

$2.6B

Hedge Funds

2.48%

$284.6M

Retail & Other

74.52%

$8.6B

Based on market cap of $11.5B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in PAG as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$334.6M 0.01% of portfolio	2.91% 1.9M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$297.3M 0.00% of portfolio	2.59% 1.7M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	David Craig Brown CEO	$242.0M 0.15% of portfolio	2.11% 1.4M shares	Q3 2013 Held for 12y 2m	$158.22B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$197.8M 0.04% of portfolio	1.72% 1.1M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
Burgundy Asset Management Ltd. Long Only Manager	Robert Gareth Sankey CEO	$163.4M 1.54% of portfolio	1.34% 885.9K shares	≤ Q2 2013 Held for 12y 5m+	$10.6B
L LSV ASSET MANAGEMENT Long Only Manager	Josef Nmn Lakonishok CEO	$133.0M 0.29% of portfolio	1.16% 764.7K shares	Q3 2016 Held for 9y 2m	$45.1B
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	David Gary Kabiller Founder	$125.0M 0.08% of portfolio	1.10% 726.5K shares	Q2 2014 Held for 11y 5m	$156.17B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$106.5M 0.00% of portfolio	0.93% 612.6K shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
FMR LLC Institution	-	$95.4M 0.00% of portfolio	0.83% 548.5K shares	Q1 2018 Held for 7y 8m	$1.92T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$95.0M 0.01% of portfolio	0.83% 546.4K shares	≤ Q2 2013 Held for 12y 5m+	$1.65T

Net Capital Flow

Institutional buying and selling activity for PAG in Q3 2025

Traded: +$35.4M
Buyers: 185
Sellers: 165
Total Bought: +$210.0M
Total Sold: −$174.5M
Avg Position: $7.0M

Biggest Buyers

Institution	Net Bought	Current Position
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	+$79.4M +456.6K shares	$242.0M 1.4M shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$7.7M +44.7K shares	$125.0M 726.5K shares
CITIGROUP INC Institution	+$7.5M +42.9K shares	$13.4M 77.2K shares
R ROYAL BANK OF CANADA Institution	+$7.0M +40.2K shares	$26.5M 152.4K shares
M MAVERICK CAPITAL LTD Hedge Fund•Long/Short	+$6.5M +37.1K shares	$6.5M 37.1K shares
A ALPS ADVISORS INC ETF Provider	+$5.6M +32.1K shares	$5.6M 32.1K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	+$5.4M +30.9K shares	$5.9M 34.2K shares
MORGAN STANLEY RIA/Wealth	+$4.9M +28.0K shares	$95.0M 546.4K shares
Quantbot Technologies LLC Hedge Fund•Quant	+$3.8M +21.7K shares	$3.8M 21.7K shares
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy	+$3.7M +21.4K shares	$8.2M 47.4K shares

Biggest Sellers

Institution	Net Sold	Current Position
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$18.2M −104.6K shares	$7.7M 44.5K shares
FMR LLC Institution	−$11.5M −66.3K shares	$95.4M 548.5K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	−$11.2M −64.6K shares	$12.8M 73.4K shares
BANK OF AMERICA CORP /DE/ Institution	−$10.9M −62.9K shares	$83.8M 481.6K shares
N Nuveen, LLC Institution	−$10.3M −59.0K shares	$6.4M 36.9K shares
Woodline Partners LP Hedge Fund•Long/Short	−$10.1M −58.9K shares	Sold Off 0 shares
B BlackRock, Inc. Institution	−$9.4M −53.8K shares	$334.6M 1.9M shares
L LSV ASSET MANAGEMENT Long Only Manager	−$8.2M −47.4K shares	$133.0M 764.7K shares
GOLDMAN SACHS GROUP INC Institution	−$7.7M −44.5K shares	$57.8M 332.6K shares
Symphony Financial, Ltd. Co. RIA/Wealth	−$7.4M −42.8K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited PAG in Q3 2025

New Positions: 18
New Value: $9.1M
Exited Positions: 38
Exited Value: $45.2M

New Positions

Institution	Position Value
A ALPS ADVISORS INC ETF Provider	$5.6M 32.1K shares
M Meixler Investment Management, Ltd. RIA/Wealth	$1.2M 6.6K shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	$686.1K 3.9K shares
Krilogy Financial LLC RIA/Wealth	$372.6K 2.4K shares
S SPC Financial, Inc. RIA/Wealth	$329.9K 1.9K shares
NorthRock Partners, LLC RIA/Wealth	$260.3K 1.5K shares
C CAPROCK Group, Inc. Fund of Funds	$259.8K 1.4K shares
Kera Capital Partners, Inc. RIA/Wealth	$224.4K 1.3K shares
Requisite Capital Management, LLC RIA/Wealth	$207.6K 1.2K shares
R Root Financial Partners, LLC RIA/Wealth	$33.2K 191.0 shares

Exited Positions

Institution	Previous Position
Woodline Partners LP Hedge Fund•Long/Short	$10.1M 58.9K shares
Symphony Financial, Ltd. Co. RIA/Wealth	$7.4M 42.8K shares
H HRT FINANCIAL LLC Institution	$6.7M 39.1K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$4.1M 24.0K shares
S Shellback Capital, LP Hedge Fund•Long/Short	$2.4M 14.0K shares
WBI INVESTMENTS ETF Provider	$2.3M 13.4K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$1.9M 11.3K shares
Weiss Asset Management LP Hedge Fund•Multi-Strategy	$1.6M 9.5K shares
C Catalyst Capital Advisors LLC Institution	$1.0M 5.9K shares
X XTX Topco Ltd Institution	$1.0M 5.8K shares

Options Activity

Institutions with the largest Call and Put options positions in PAG as of Q3 2025

Call Positions: 4
Call Value: $3.0M
Put Positions: 3
Put Value: $6.9M

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.5M 88.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.2M 67.0 contracts
J JANE STREET GROUP, LLC Institution	$313.0K 18.0 contracts
P PEAK6 LLC Institution	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$5.2M 299.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.1M 66.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$556.5K 32.0 contracts

Most Committed Institutions

Institutions with PAG as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
BRUNI J V & CO /CO RIA/Wealth	John Roy Brock President	3.15% $31.2M	0.27% 179.3K shares	Q3 2016 Held for 9y 2m	$990.7M
Applied Capital LLC/FL RIA/Wealth	Lenny Kisin President	3.07% $4.3M	0.04% 24.7K shares	Q4 2022 Held for 2y 11m	$139.9M
Burgundy Asset Management Ltd. Long Only Manager	Robert Gareth Sankey CEO	1.54% $163.4M	1.34% 885.9K shares	≤ Q2 2013 Held for 12y 5m+	$10.6B
PRIVATE MANAGEMENT GROUP INC RIA/Wealth	Robert Todd Summers President	0.89% $30.3M	0.26% 174.3K shares	≤ Q2 2013 Held for 12y 5m+	$3.4B
Moran Wealth Management, LLC RIA/Wealth	Thomas Michael Moran Managing Partner	0.80% $26.6M	0.23% 152.9K shares	Q4 2024 Held for 11 months	$3.3B
DIAMANT ASSET MANAGEMENT, INC. RIA/Wealth	Lisette Diamant President	0.76% $1.0M	0.01% 5.9K shares	Q3 2021 Held for 4y 2m	$135.8M
M Meixler Investment Management, Ltd. RIA/Wealth	Michael Charles Meixler CCO	0.71% $1.2M	0.01% 6.6K shares	Q3 2025 Held for 2 months	$163.0M
G GAMCO INVESTORS, INC. ET AL Institution	-	0.68% $70.0M	0.61% 402.4K shares	≤ Q2 2013 Held for 12y 5m+	$10.3B
Bluesphere Advisors, LLC RIA/Wealth	Sanjay Krishnarao Pawar CEO	0.66% $1.4M	0.01% 8.1K shares	Q4 2020 Held for 4y 11m	$214.4M
Everstar Asset Management, LLC Hedge Fund•Multi-Strategy	Lee Christopher Larson CEO	0.49% $866.6K	0.01% 5.0K shares	Q2 2025 Held for 5 months	$176.3M