Who owns Penske Automotive Group (PAG)
Which tracked institutional funds hold PAG, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See PAG company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
116 tracked funds added or opened PAG while 50 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
PAG’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes PAG more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in PAG divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 366 tracked filers holding PAG, 201 increased or opened the position and 166 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in PAG between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 14
- J. Goldman & Co LP$22M
- Ilex Capital Partners (UK) LLP$5M
- NATIXIS$5M
- TRUST CO OF VERMONT$4M
- Inspire Advisors, LLC$3M
- HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND$3M
Full exits 31
- LSV ASSET MANAGEMENT$108M
- Janney Montgomery Scott LLC$10M
- New Age Alpha Advisors, LLC$3M
- Public Sector Pension Investment Board$2M
- HighTower Advisors, LLC$2M
- CANADA LIFE ASSURANCE Co$2M
Largest adds
- BlackRock, Inc.$201M
- DIMENSIONAL FUND ADVISORS LP$78M
- VICTORY CAPITAL MANAGEMENT INC$47M
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC$27M
- Bahl & Gaynor LLC$27M
- BANK OF MONTREAL /CAN/$24M
Largest trims
- Squarepoint Ops LLC$9M
- TWO SIGMA INVESTMENTS, LP$8M
- VOLORIDGE INVESTMENT MANAGEMENT, LLC$7M
- CITADEL ADVISORS LLC$5M
- WEALTH ENHANCEMENT ADVISORY SERVICES, LLC$4M
- Schonfeld Strategic Advisors LLC$4M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. added | 2,333,144 | $418M | 13.6% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 1,648,081 | $295M | 9.6% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC trimmed | 1,642,363 | $294M | 9.6% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 825,389 | $148M | 4.8% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC trimmed | 796,548 | $143M | 4.7% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 764,299 | $137M | 4.5% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 631,653 | $113M | 3.7% | 2026-Q2 |
| STATE STREET CORP trimmed | 625,209 | $112M | 3.7% | 2026-Q2 |
| MORGAN STANLEY added | 584,751 | $105M | 3.4% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 456,043 | $82M | 2.7% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 441,829 | $79M | 2.6% | 2026-Q2 |
| GAMCO INVESTORS, INC. ET AL trimmed | 394,387 | $71M | 2.3% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 385,752 | $69M | 2.3% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 378,997 | $68M | 2.2% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 355,157 | $64M | 2.1% | 2026-Q2 |
| Bahl & Gaynor LLC added | 264,799 | $47M | 1.5% | 2026-Q2 |
| UBS Group AG added | 245,492 | $44M | 1.4% | 2026-Q2 |
| Invesco Ltd. added | 241,287 | $43M | 1.4% | 2026-Q2 |
| NORGES BANK added | 200,575 | $36M | 1.2% | 2026-Q2 |
| BRUNI J V & CO /CO trimmed | 171,994 | $31M | 1.0% | 2026-Q2 |
| PRIVATE MANAGEMENT GROUP INC trimmed | 170,497 | $31M | 1.0% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 168,776 | $30M | 1.0% | 2026-Q2 |
| FMR LLC added | 152,615 | $27M | 0.9% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 148,914 | $27M | 0.9% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 139,992 | $25M | 0.8% | 2026-Q2 |
| HORIZON KINETICS ASSET MANAGEMENT LLC trimmed | 139,067 | $25M | 0.8% | 2026-Q2 |
| Hamlin Capital Management, LLC trimmed | 129,925 | $23M | 0.8% | 2026-Q2 |
| CITIGROUP INC added | 125,605 | $22M | 0.7% | 2026-Q2 |
| J. Goldman & Co LP new | 121,579 | $22M | 0.7% | 2026-Q2 |
| D. E. Shaw & Co., Inc. trimmed | 117,983 | $21M | 0.7% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 116,580 | $21M | 0.7% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 114,728 | $21M | 0.7% | 2026-Q2 |
| Gotham Asset Management, LLC added | 111,940 | $20M | 0.7% | 2026-Q2 |
| Moran Wealth Management, LLC trimmed | 103,649 | $19M | 0.6% | 2026-Q2 |
| BARCLAYS PLC added | 95,864 | $17M | 0.6% | 2026-Q2 |
| GABELLI FUNDS LLC | 84,000 | $15M | 0.5% | 2026-Q2 |
| Squarepoint Ops LLC trimmed | 78,666 | $14M | 0.5% | 2026-Q2 |
| PDT Partners, LLC added | 64,010 | $11M | 0.4% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 63,226 | $11M | 0.4% | 2026-Q2 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 62,533 | $11M | 0.4% | 2026-Q2 |
| RHUMBLINE ADVISERS trimmed | 56,805 | $10M | 0.3% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 51,935 | $9M | 0.3% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 51,700 | $9M | 0.3% | 2026-Q2 |
| Quantinno Capital Management LP added | 49,767 | $9M | 0.3% | 2026-Q2 |
| Allworth Financial LP trimmed | 48,347 | $9M | 0.3% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 48,060 | $9M | 0.3% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 47,841 | $9M | 0.3% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC added | 41,804 | $7M | 0.2% | 2026-Q2 |
| GILDER GAGNON HOWE & CO LLC trimmed | 41,166 | $7M | 0.2% | 2026-Q2 |
| HANCOCK WHITNEY CORP added | 40,983 | $7M | 0.2% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 40,643 | $7M | 0.2% | 2026-Q2 |
| Calydon Capital added | 39,620 | $7M | 0.2% | 2026-Q2 |
| Swiss National Bank trimmed | 36,300 | $6M | 0.2% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 31,140 | $6M | 0.2% | 2026-Q2 |
| ALPS ADVISORS INC added | 29,597 | $5M | 0.2% | 2026-Q2 |
| Nuveen, LLC added | 29,029 | $5M | 0.2% | 2026-Q2 |
| Nilsine Partners, LLC added | 27,655 | $5M | 0.2% | 2026-Q2 |
| Applied Capital LLC/FL added | 27,632 | $5M | 0.2% | 2026-Q2 |
| Legal & General Group Plc trimmed | 27,068 | $5M | 0.2% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 26,538 | $5M | 0.2% | 2026-Q2 |
| Ilex Capital Partners (UK) LLP new | 26,373 | $5M | 0.2% | 2026-Q2 |
| NATIXIS new | 25,563 | $5M | 0.1% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 22,780 | $4M | 0.1% | 2026-Q2 |
| NISA INVESTMENT ADVISORS, LLC added | 22,630 | $4M | 0.1% | 2026-Q2 |
| TRUST CO OF VERMONT trimmed | 22,585 | $4M | 0.1% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. trimmed | 21,237 | $3M | 0.1% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 20,551 | $4M | 0.1% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 20,259 | $4M | 0.1% | 2026-Q2 |
| Retirement Systems of Alabama trimmed | 19,041 | $3M | 0.1% | 2026-Q2 |
| Inspire Advisors, LLC new | 17,757 | $3M | 0.1% | 2026-Q2 |
| Creative Planning added | 17,729 | $3M | 0.1% | 2026-Q2 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND new | 17,400 | $3M | 0.1% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 17,345 | $3M | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd trimmed | 16,861 | $3M | 0.1% | 2026-Q2 |
| Independent Solutions Wealth Management, LLC trimmed | 16,371 | $3M | 0.1% | 2026-Q2 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM trimmed | 15,916 | $3M | 0.1% | 2026-Q2 |
| LONDON CO OF VIRGINIA | 15,816 | $3M | 0.1% | 2026-Q2 |
| Mirae Asset Global Investments Co., Ltd. added | 15,385 | $3M | 0.1% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 14,735 | $3M | 0.1% | 2026-Q2 |
| Quantbot Technologies LP trimmed | 14,020 | $3M | 0.1% | 2026-Q2 |
| Illinois Municipal Retirement Fund trimmed | 13,144 | $2M | 0.1% | 2026-Q2 |
| Jump Financial, LLC added | 12,958 | $2M | 0.1% | 2026-Q2 |
| ELEVATION POINT WEALTH PARTNERS, LLC trimmed | 12,940 | $2M | 0.1% | 2026-Q2 |
| Vestmark Advisory Solutions, Inc. trimmed | 12,940 | $2M | 0.1% | 2026-Q2 |
| Holocene Advisors, LP trimmed | 12,524 | $2M | 0.1% | 2026-Q2 |
| LPL Financial LLC added | 12,220 | $2M | 0.1% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC added | 12,054 | $2M | 0.1% | 2026-Q2 |
| Significant Wealth Partners LLC added | 12,032 | $2M | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 11,906 | $2M | 0.1% | 2026-Q2 |
| Universal- Beteiligungs- und Servicegesellschaft mbH added | 11,569 | $2M | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 11,512 | $2M | 0.1% | 2026-Q2 |
| SummitTX Capital, L.P. trimmed | 11,061 | $2M | 0.1% | 2026-Q2 |
| FLPUTNAM INVESTMENT MANAGEMENT CO | 10,935 | $2M | 0.1% | 2026-Q2 |
| LOGAN CAPITAL MANAGEMENT INC trimmed | 10,527 | $2M | 0.1% | 2026-Q2 |
| Blue Chip Partners, LLC added | 10,497 | $2M | 0.1% | 2026-Q2 |
| Integrated Wealth Concepts LLC added | 10,009 | $2M | 0.1% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 9,769 | $2M | 0.1% | 2026-Q2 |
| Meixler Investment Management, Ltd. added | 9,357 | $2M | 0.1% | 2026-Q2 |
| XTX Topco Ltd added | 9,156 | $2M | 0.1% | 2026-Q2 |
| Chicago Partners Investment Group LLC added | 8,375 | $2M | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.