Who Owns Penske Automotive Group? Top Shareholders and Recent Insider Trades

Penske Automotive Group, Inc. (NYSE: PAG) is a global automotive retailer with dealership operations across the United States and Europe. Shares recently traded around $166 per share, giving the company a market value of roughly $10.9 billion.

What sets Penske Automotive Group apart from most publicly traded retailers is its highly concentrated ownership structure, with long-term strategic holders controlling the majority of the company. Looking at who owns Penske Automotive Group and how insiders have been trading helps clarify how control, liquidity, and institutional behavior may influence the stock.

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Who Are Penske Automotive Group’s Top Shareholders?

Penske Automotive Group’s shareholder base is anchored by strategic owners rather than passive institutions. This structure limits the public float and reduces ownership turnover, while placing governance influence firmly with long-term holders.

• Penske Corporation: 34,181,121 shares (51.90%), ~$5.66B value. No reported change.
• Mitsui & Co Ltd: 13,322,205 shares (20.23%), ~$2.21B value. No reported change.
• The Vanguard Group: 1,705,055 shares (2.59%), ~$282M value. Cut 20,213 shares (1.17%).
• BlackRock Institutional Trust Company: 1,612,898 shares (2.45%), ~$267M value. Cut 24,856 shares (1.52%).
• Victory Capital Management: 1,391,281 shares (2.11%), ~$230M value. Added 456,611 shares (+48.85%).
• Dimensional Fund Advisors: 1,137,159 shares (1.73%), ~$188M value. Cut 14,470 shares (1.26%).
• Burgundy Asset Management: 885,860 shares (1.35%), ~$147M value. Cut 4,496 shares (0.50%).
• LSV Asset Management: 764,692 shares (1.16%), ~$127M value. Cut 47,395 shares (5.84%).
• AQR Capital Management: 726,490 shares (1.10%), ~$120M value. Added 44,749 shares (+6.56%).
• State Street Investment Management: 612,612 shares (0.93%), ~$101M value. Added 14,823 shares (+2.48%).

With more than 70% of shares held by Penske Corporation and Mitsui, the public float remains limited, which can reduce liquidity and amplify price movements. For investors, this means the stock is shaped more by long-term strategic decisions than by frequent institutional repositioning.

Hedge Fund Highlights

One notable move last quarter came from Renaissance Technologies, founded by Jim Simons, which increased its Penske Automotive Group position by more than 900%. The firm now holds roughly $6M value in PAG shares, which may reflect growing interest from quantitative investors at current valuation levels.

Gotham Asset Management, led by Joel Greenblatt, more than doubled its stake, lifting its position by about 112% to roughly $4M value. The move suggests some value-focused managers may be finding the stock more attractive after recent consolidation.

Schonfeld Strategic Advisors, founded by Steven Schonfeld, boosted its holdings by over 80%, bringing its exposure to approximately $8M value. This increase could indicate selective optimism among multi-strategy funds tied to Penske’s steady cash generation.

Meanwhile, Jane Street Group, co-founded by Rob Granieri, raised its Penske Automotive Group exposure by nearly 60%, now holding about $6M value in shares. The activity appears consistent with trading-oriented positioning rather than a long-term directional bet. For investors, hedge fund interest looks selective and opportunistic rather than broadly bullish.

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Penske Automotive Group’s Recent Insider Trades

Recent filings show mostly small transactions that do not materially change insider ownership.

• Michelle C. Hulgrave (Officer): Sold 2,100 shares for ~$336k on 11/23/25 and 1,100 shares for ~$201k on 8/18/25.
• Sandra E. Pierce (Director): Sold 1,604 shares for ~$300k on 8/28/25.
• Robert H. Jr. Kurnick (Officer & Director): Sold 943 shares for ~$152k on 11/20/25.
• Gregory C. Smith (Director): Disposed 1,800 shares, transaction value not specified.
• Lisa Ann Davis (Director): Disposed 1,600 shares, transaction value not specified.
• Michael R. Eisenson (Director): Disposed 100 shares, transaction value not specified.

These transactions appear small relative to overall ownership and may relate to personal or administrative factors rather than conviction-driven decisions. For investors, insider activity looks neutral and does not suggest a strong directional signal.

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What the Ownership & Insider Trade Data Tell Us

Penske Automotive Group remains firmly controlled by long-term strategic owners, with institutional and hedge fund activity playing a secondary role. Ownership changes appear incremental, while insider transactions remain modest.

For investors, the key takeaway is that Penske Automotive Group’s stock performance is likely driven more by operating execution and decisions made by controlling shareholders than by short-term institutional flows or insider trading behavior.

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