Penske Automotive GroupPAG
13F holders, Q4 2025 (December 31)396holders +9
61new positions
53sold out
9famous investors
$158.31avg. 13F price*
At the end of Q4 2025, 396 institutions reported holding Penske Automotive Group Inc. (PAG) in their 13F filings, up 9 from Q3 2025. 61 opened new positions and 53 sold out. The largest holders were BlackRock, Inc. ($302.3M), Vanguard Group Inc. ($268.8M) and Victory Capital Management Inc. ($234.9M). 9 famous investors held it, including Mario Gabelli (0.6% of GAMCO Investors's portfolio), Cliff Asness (0.1% of AQR Capital Management's portfolio) and Joel Greenblatt (0.0% of Gotham Asset Management's portfolio).
- Company
- Penske Automotive Group Inc.
- CUSIP
- 70959W103
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 61 | $78.5M |
| Exits | 53 | $34.1M |
All 13F filers, Q3 2025 → Q4 2025: 2,420,621 shares bought and 1,277,389 shares sold, net +1,143,232 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 396 holders
| BlackRock, Inc. | 0.01% | Reduce -0.7% | 1,909,724 | $302.3M |
| Vanguard Group Inc. | 0.00% | Reduce -0.7% | 1,698,133 | $268.8M |
| Victory Capital Management Inc. | 0.13% | Add +6.7% | 1,484,075 | $234.9M |
| Dimensional Fund Advisors LP | 0.04% | Add +13.8% | 1,293,467 | $204.8M |
| Bank of Montreal | 0.06% | Add +39232.7% | 863,352 | $136.7M |
| LSV Asset Management | 0.26% | Reduce -2.5% | 745,533 | $118.0M |
| AQR Capital Management | 0.06% | Reduce -2.4% | 709,165 | $112.3M |
| State Street Corp. | 0.00% | Add +3.3% | 632,879 | $100.2M |
| Morgan Stanley | 0.01% | Add +1.8% | 556,135 | $88.0M |
| Bank of America Corp. | 0.01% | Reduce -7.8% | 443,934 | $70.3M |
| GAMCO Investors | 0.60% | Reduce -1.6% | 396,007 | $62.7M |
| Bank of New York Mellon Corp | 0.01% | Add +48.6% | 375,767 | $59.5M |
| Geode Capital Management, LLC | 0.00% | Add +1.3% | 343,070 | $54.3M |
| Goldman Sachs Group Inc. | 0.01% | Add +1.6% | 337,890 | $53.5M |
| Invesco Ltd. | 0.00% | Add +64.1% | 232,366 | $36.8M |
| Norges Bank | 0.00% | — | 203,026 | $32.1M |
| Bruni J V & Co. | 2.75% | Reduce -1.1% | 177,228 | $28.1M |
| Private Management Group Inc. | 0.80% | Reduce -0.4% | 173,640 | $27.5M |
| Horizon Kinetics Asset Management LLC | 0.36% | Reduce -0.4% | 169,874 | $26.9M |
| Charles Schwab Investment Management Inc. | 0.00% | Add +0.2% | 151,169 | $23.9M |
| FMR LLC | 0.00% | Reduce -72.6% | 150,216 | $23.8M |
| Moran Wealth Management, LLC | 0.72% | Reduce -2.6% | 148,929 | $23.6M |
| Northern Trust Corp. | 0.00% | Reduce -2.2% | 142,968 | $22.6M |
| UBS Group AG | 0.00% | Reduce -4.7% | 139,244 | $22.0M |
| Two Sigma Investments, LP | 0.03% | Add +198.7% | 133,031 | $21.1M |
| Voloridge Investment Management, LLC | 0.07% | Add +53.8% | 130,517 | $20.7M |
| Bahl & Gaynor LLC | 0.10% | Reduce -2.0% | 128,120 | $20.3M |
| Hamlin Capital Management, LLC | 0.48% | New | 127,633 | $20.2M |
| Squarepoint Ops LLC | 0.04% | New | 120,561 | $19.1M |
| Quantinno Capital Management LP | 0.03% | Add +11.8% | 87,978 | $13.9M |
| JPMorgan Chase & Co. | 0.00% | Reduce -21.6% | 87,616 | $13.9M |
| Gabelli Funds LLC | 0.09% | Add +6.3% | 84,000 | $13.3M |
| Two Sigma Advisers, LP | 0.02% | Add +4.0% | 76,300 | $12.1M |
| D. E. Shaw & Co. | 0.01% | Add +3209.6% | 72,249 | $11.4M |
| Millennium Management | 0.01% | Add +1554.6% | 71,924 | $11.4M |
| Janney Montgomery Scott LLC | 0.03% | Add +29.0% | 71,034 | $11.2M |
| Renaissance Technologies | 0.02% | Add +106.1% | 70,500 | $11.2M |
| First Trust Advisors LP | 0.01% | Add +9.9% | 65,637 | $10.4M |
| Rhumbline Advisers | 0.01% | Reduce -3.6% | 56,666 | $9.0M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Reduce -1.9% | 55,282 | $8.8M |
| Prudential Financial Inc. | 0.01% | Add +103.3% | 55,078 | $8.7M |
| Citadel Advisors | 0.01% | Reduce -60.5% | 50,215 | $7.9M |
| Allworth Financial LP | 0.03% | Reduce -0.2% | 49,433 | $7.8M |
| Citigroup Inc. | 0.01% | Reduce -36.2% | 49,275 | $7.8M |
| Wealth Enhancement Advisory Services, LLC | 0.01% | Add +394.4% | 47,593 | $7.7M |
| Barclays PLC | 0.00% | Add +3.5% | 46,614 | $7.4M |
| Brandywine Global Investment Management, LLC | 0.05% | Reduce -1.0% | 46,596 | $7.4M |
| Ameriprise Financial Inc. | 0.00% | Reduce -16.3% | 43,659 | $6.9M |
| Raymond James Financial Inc. | 0.00% | Add +115.0% | 43,154 | $6.8M |
| Gotham Asset Management | 0.02% | Add +92.7% | 42,382 | $6.7M |
| Royal Bank of Canada | 0.00% | Reduce -72.5% | 41,849 | $6.6M |
| ExodusPoint Capital Management, LP | 0.07% | New | 41,844 | $6.6M |
| Gilder Gagnon Howe & Co. LLC | 0.07% | Reduce -0.4% | 41,604 | $6.6M |
| Principal Financial Group Inc. | 0.00% | Reduce -3.5% | 39,651 | $6.3M |
| California Public Employees Retirement System | 0.00% | Add +2.5% | 39,350 | $6.2M |
| Schonfeld Strategic Advisors LLC | 0.03% | Reduce -17.6% | 39,067 | $6.2M |
| Swiss National Bank | 0.00% | Add +1.6% | 39,000 | $6.2M |
| BNP Paribas Financial Markets | 0.00% | Add +12.3% | 34,337 | $5.4M |
| Deutsche Bank AG | 0.00% | Add +1.3% | 33,325 | $5.3M |
| Legal & General Group Plc | 0.00% | Reduce -5.1% | 33,247 | $5.3M |
| Alps Advisors Inc. | 0.03% | Reduce -6.2% | 30,136 | $4.8M |
| Nuveen, LLC | 0.00% | Reduce -25.3% | 27,521 | $4.4M |
| Applied Capital LLC | 2.92% | Add +9.1% | 26,905 | $4.3M |
| Edgestream Partners, L.P. | 0.11% | New | 23,883 | $3.8M |
| Public Sector Pension Investment Board | 0.01% | Reduce -36.7% | 23,604 | $3.7M |
| Trust Co. of Vermont | 0.15% | Reduce -0.3% | 23,284 | $3.7M |
| Jefferies Financial Group Inc. | 0.03% | New | 23,240 | $3.7M |
| Nilsine Partners, LLC | 0.32% | Add +7.2% | 22,989 | $3.6M |
| Alliancebernstein L.P. | 0.00% | Reduce -0.4% | 22,934 | $3.6M |
| Quantbot Technologies LP | 0.12% | Add +2.4% | 22,243 | $3.5M |
| Sei Investments Co. | 0.00% | Add +35.9% | 22,203 | $3.5M |
| Retirement Systems of Alabama | 0.01% | Reduce -1.0% | 22,133 | $3.5M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.01% | Add +7.4% | 22,021 | $3.5M |
| Nisa Investment Advisors, LLC | 0.01% | Reduce -3.0% | 21,928 | $3.5M |
| Quadrature Capital Ltd | 0.03% | Add +1288.3% | 19,506 | $3.1M |
| New Age Alpha Advisors, LLC | 0.13% | Add +6.4% | 19,320 | $3.1M |
| California State Teachers Retirement System | 0.00% | Add +1.8% | 18,757 | $3.0M |
| Tudor Investment Corporation | 0.02% | Reduce -45.5% | 17,721 | $2.8M |
| Illinois Municipal Retirement Fund | 0.03% | Add +18.1% | 17,055 | $2.7M |
| Occudo Quantitative Strategies LP | 0.18% | Add +142.4% | 16,919 | $2.7M |
| State Board of Administration of Florida Retirement System | 0.00% | No change | 16,912 | $2.7M |
| Independent Solutions Wealth Management, LLC | 0.49% | New | 16,734 | $2.6M |
| Los Angeles Capital Management LLC | 0.01% | No change | 16,268 | $2.6M |
| American Century Companies Inc. | 0.00% | Add +67.3% | 16,021 | $2.5M |
| London Co. of Virginia | 0.01% | Reduce -10.7% | 15,816 | $2.5M |
| Arrowstreet Capital, Limited Partnership | 0.00% | Reduce -82.1% | 15,502 | $2.5M |
| Manufacturers Life Insurance Company, The | 0.00% | Reduce -2.3% | 14,990 | $2.4M |
| CANADA LIFE ASSURANCE Co | 0.00% | Add +32.9% | 14,941 | $2.4M |
| T. Rowe Price Associates Inc. | 0.00% | Add +2.5% | 14,827 | $2.3M |
| Aquatic Capital Management LLC | 0.06% | Add +19.3% | 14,328 | $2.3M |
| Palisade Capital Management, LP | 0.07% | Reduce -6.5% | 14,047 | $2.2M |
| Elevation Point Wealth Partners, LLC | 0.10% | Add +0.1% | 12,940 | $2.0M |
| Vestmark Advisory Solutions, Inc. | 0.03% | New | 12,932 | $2.0M |
| Cwm, LLC | 0.01% | Reduce -20.7% | 12,820 | $2.0M |
| Cerity Partners LLC | 0.00% | Add +16.8% | 12,498 | $2.0M |
| LPL Financial LLC | 0.00% | Add +3.0% | 11,742 | $1.9M |
| Corient Private Wealth LP | 0.00% | Add +9.9% | 11,565 | $1.8M |
| Gsa Capital Partners LLP | 0.16% | Add +590.3% | 11,383 | $1.8M |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 0.00% | Reduce -1.2% | 11,223 | $1.8M |
| Creative Planning | 0.00% | Add +32.5% | 11,153 | $1.8M |
| HSBC Holdings PLC | 0.00% | Reduce -57.4% | 11,009 | $1.8M |
| Logan Capital Management Inc. | 0.07% | Reduce -0.5% | 10,661 | $1.7M |
| Weiss Asset Management LP | 0.03% | New | 10,582 | $1.7M |
| Blue Chip Partners, LLC | 0.12% | Reduce -17.2% | 10,322 | $1.6M |
| Verition Fund Management LLC | 0.01% | Reduce -18.5% | 10,166 | $1.6M |
| Wells Fargo & Company | 0.00% | Reduce -15.2% | 10,143 | $1.6M |
| Jump Financial, LLC | 0.02% | New | 10,100 | $1.6M |
| Focus Partners Wealth | 0.00% | Add +13.9% | 9,523 | $1.5M |
| MetLife Investment Management, LLC | 0.01% | Reduce -5.2% | 9,008 | $1.4M |
| Chicago Partners Investment Group LLC | 0.03% | Reduce -5.7% | 8,760 | $1.4M |
| Meixler Investment Management, Ltd. | 0.82% | Add +28.5% | 8,530 | $1.4M |
| Man Group plc | 0.00% | New | 8,527 | $1.3M |
| Janus Henderson Group PLC | 0.00% | No change | 8,472 | $1.3M |
| HB Wealth Management, LLC | 0.01% | Reduce -7.3% | 8,470 | $1.3M |
| Dark Forest Capital Management LP | 0.06% | New | 8,364 | $1.3M |
| Amalgamated Bank | 0.01% | Reduce -1.4% | 8,318 | $1.3M |
| Teacher Retirement System of Texas | 0.00% | Reduce -24.6% | 8,252 | $1.3M |
| Bluesphere Advisors LLC | 0.57% | Add +0.3% | 8,165 | $1.3M |
| Mariner, LLC | 0.00% | Reduce -18.8% | 8,142 | $1.3M |
| XTX Topco Ltd | 0.03% | New | 8,130 | $1.3M |
| Police & Firemen's Retirement System of New Jersey | 0.01% | Reduce -0.5% | 8,100 | $1.3M |
| Campbell & CO Investment Adviser LLC | 0.06% | Reduce -71.0% | 7,965 | $1.3M |
| O'shaughnessy Asset Management, LLC | 0.01% | Reduce -0.4% | 7,881 | $1.2M |
| Fruth Investment Management | 0.33% | No change | 7,800 | $1.2M |
| Mutual of America Capital Management LLC | 0.01% | Reduce -10.1% | 7,675 | $1.2M |
| Treasurer of the State of North Carolina | 0.00% | Reduce -6.8% | 7,664 | $1.2M |
| Nomura Asset Management International Inc. | 0.00% | — | 7,600 | $1.2M |
| Entropy Technologies, LP | 0.06% | New | 7,494 | $1.2M |
| Summit Trail Advisors, LLC | 0.02% | Add +6.2% | 7,434 | $1.2M |
| KLP Kapitalforvaltning As | 0.00% | No change | 7,400 | $1.2M |
| Teachers Retirement System of the State of Kentucky | 0.01% | No change | 7,396 | $1.2M |
| Kendall Capital Management | 0.24% | Add +1.0% | 7,390 | $1.2M |
| Aigen Investment Management, LP | 0.27% | New | 7,276 | $1.2M |
| New York State Common Retirement Fund | 0.00% | No change | 7,266 | $1.2M |
| Mercer Global Advisors Inc. | 0.00% | Reduce -20.4% | 7,102 | $1.1M |
| Envestnet Asset Management Inc. | 0.00% | Reduce -0.9% | 7,017 | $1.1M |
| Linden Thomas Advisory Services, LLC | 0.11% | Reduce -0.3% | 7,013 | $1.1M |
| Cetera Investment Advisers | 0.00% | Add +3.0% | 6,916 | $1.1M |
| New York State Teachers Retirement System | 0.00% | Reduce -1.1% | 6,722 | $1.1M |
| Susquehanna International Group, LLP | 0.00% | Add +4.3% | 6,598 | $1.0M |
| Vanguard Personalized Indexing Management, LLC | 0.01% | Add +12.2% | 6,509 | $1.0M |
| Vestcor Inc | 0.03% | No change | 6,451 | $1.0M |
| Yousif Capital Management, LLC | 0.01% | Reduce -3.3% | 6,128 | $999K |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | Add +8.7% | 6,168 | $976K |
| Denali Advisors LLC | 0.11% | Add +15.3% | 6,071 | $961K |
| Jane Street Group, LLC | 0.00% | Reduce -83.8% | 6,017 | $952K |
| Diamant Asset Management, Inc. | 0.68% | No change | 5,915 | $936K |
| Handelsbanken Fonder AB | 0.00% | Add +3.5% | 5,916 | $936K |
| Everstar Asset Management, LLC | 0.48% | Add +13.4% | 5,652 | $895K |
| AlphaQuest LLC | 0.05% | Reduce -73.3% | 5,636 | $892K |
| State of Tennessee, Department of Treasury | 0.00% | Reduce -4.1% | 5,623 | $882K |
| Arizona State Retirement System | 0.00% | Reduce -5.9% | 5,526 | $875K |
| Public Employees Retirement System of Ohio | 0.00% | Reduce -3.7% | 5,507 | $872K |
| Russell Investments Group, Ltd. | 0.00% | Reduce -38.5% | 5,418 | $858K |
| Brevan Howard Capital Management LP | 0.02% | Add +33.5% | 5,290 | $837K |
| Hancock Whitney Corp. | 0.01% | Reduce -7.5% | 5,113 | $809K |
| Louisiana State Employees Retirement System | 0.01% | No change | 5,100 | $807K |
| Miller Capital Partners, Inc. | 0.41% | — | 5,084 | $805K |
| Comerica Bank | 0.00% | Reduce -7.2% | 4,742 | $751K |
| Commonwealth of Pennsylvania Public School Empls Retrmt SYS | 0.00% | Reduce -2.8% | 4,615 | $731K |
| Cambridge Investment Research Advisors, Inc. | 0.00% | Add +25.3% | 4,477 | $709K |
| Anchyra Partners LLC | 0.22% | — | 4,444 | $703K |
| State of Michigan Retirement System | 0.00% | No change | 4,400 | $696K |
| Franklin Resources Inc. | 0.00% | Reduce -35.4% | 4,327 | $685K |
| Neuberger Berman Group LLC | 0.00% | Reduce -24.2% | 4,311 | $682K |
| Farringdon Capital, Ltd. | 0.17% | New | 4,292 | $679K |
| Numerai GP LLC | 0.08% | New | 4,236 | $671K |
| Virtu Financial LLC | 0.03% | New | 4,225 | $669K |
| Arax Advisory Partners | 0.02% | Reduce -70.4% | 4,208 | $666K |
| Thrivent Financial for Lutherans | 0.00% | Reduce -2.3% | 4,152 | $657K |
| Northwestern Mutual Investment Management Company, LLC | 0.01% | Add +0.1% | 4,125 | $653K |
| HRT Financial LP | 0.00% | New | 4,071 | $644K |
| SG Americas Securities, LLC | 0.00% | Add +34.2% | 4,045 | $640K |
| TrueMark Investments, LLC | 0.12% | New | 4,035 | $639K |
| Mirabella Financial Services LLP | 0.07% | New | 4,034 | $639K |
| SummitTX Capital, L.P. | 0.02% | Add +127.3% | 4,023 | $637K |
| Burke & Herbert Bank & Trust Co. | 0.17% | No change | 4,000 | $633K |
| Venture Visionary Partners LLC | 0.02% | No change | 4,000 | $633K |
| New Mexico Educational Retirement Board | 0.02% | No change | 4,000 | $633K |
| Inceptionr LLC | 0.17% | Reduce -50.4% | 3,963 | $627K |
| Aristeia Capital, L.L.C. | 0.03% | New | 3,951 | $625K |
| Ieq Capital, LLC | 0.00% | Reduce -39.6% | 3,751 | $594K |
| Captrust Financial Advisors | 0.00% | Reduce -15.6% | 3,740 | $592K |
| Oregon Public Employees Retirement Fund | 0.01% | Add +0.8% | 3,720 | $589K |
| Stifel Financial Corp. | 0.00% | Add +0.2% | 3,684 | $583K |
| HighTower Advisors, LLC | 0.00% | Add +3.0% | 3,649 | $578K |
| Osaic Holdings, Inc. | 0.00% | Add +11.3% | 3,589 | $568K |
| PNC Financial Services Group, Inc. | 0.00% | Add +9.6% | 3,536 | $560K |
| Financial Engines Advisors L.L.C. | 0.00% | Add +1.6% | 3,483 | $551K |
| Merit Financial Group, LLC | 0.00% | Reduce -3.9% | 3,441 | $545K |
| Quent Capital, LLC | 0.04% | Add +113.8% | 3,414 | $540K |
| Pathstone Holdings, LLC | 0.00% | Add +4.9% | 3,384 | $536K |
| Ameritas Investment Partners, Inc. | 0.02% | Reduce -2.5% | 3,380 | $535K |
| Pallas Capital Advisors LLC | 0.02% | Reduce -14.5% | 3,307 | $524K |
| Private Advisor Group, LLC | 0.00% | No change | 3,098 | $490K |
| Axq Capital, LP | 0.11% | New | 3,067 | $485K |
| Guggenheim Capital LLC | 0.00% | Reduce -7.3% | 2,986 | $473K |
| Pictet Asset Management Holding SA | 0.00% | Add +12.0% | 2,912 | $461K |
| Marshall Wace, LLP | 0.00% | Reduce -12.5% | 2,741 | $434K |
| EntryPoint Capital, LLC | 0.17% | Reduce -37.8% | 2,715 | $430K |
| Tidal Investments LLC | 0.00% | Add +97.7% | 2,710 | $429K |
| Cynosure Group, LLC | 0.04% | Add +4.2% | 2,708 | $429K |
| Focus Partners Advisor Solutions, LLC | 0.01% | Add +2.7% | 2,630 | $416K |
| Sequoia Financial Advisors, LLC | 0.00% | New | 2,577 | $408K |
| Commonwealth Equity Services, LLC | 0.00% | Reduce -17.2% | 2,539 | $402K |
| Forum Financial Management, LP | 0.01% | Reduce -0.0% | 2,509 | $397K |
| Susquehanna Portfolio Strategies, LLC | 0.01% | New | 2,489 | $394K |
| &partners | 0.00% | New | 2,469 | $391K |
| Rafferty Asset Management, LLC | 0.00% | Add +12.7% | 2,458 | $389K |
| Moneta Group Investment Advisors LLC | 0.00% | Reduce -0.1% | 2,430 | $385K |
| CSS LLC | 0.06% | Reduce -11.2% | 2,386 | $378K |
| Wealthspire Advisors, LLC | 0.00% | Add +13.5% | 2,373 | $376K |
| MQS Management LLC | 0.22% | Add +20.5% | 2,325 | $368K |
| M&T Bank Corp | 0.00% | Add +20.3% | 2,297 | $364K |
| Point72 Asset Management | 0.00% | New | 2,275 | $360K |
| Syon Capital LLC | 0.02% | Add +26.9% | 2,269 | $359K |
| EP Wealth Advisors, LLC | 0.00% | — | 2,267 | $359K |
| Courier Capital LLC | 0.02% | No change | 2,258 | $357K |
| Truist Financial Corp. | 0.00% | Reduce -13.4% | 2,231 | $353K |
| Public Employees Retirement Association of Colorado | 0.00% | No change | 2,230 | $353K |
| Pacer Advisors, Inc. | 0.00% | Reduce -38.1% | 2,210 | $350K |
| Brown Advisory Inc. | 0.00% | Reduce -28.9% | 2,210 | $350K |
| CIBC Private Wealth Group LLC | 0.00% | Add +1291.6% | 2,143 | $339K |
| CIBC Asset Management Inc | 0.00% | No change | 2,099 | $332K |
| Voya Investment Management LLC | 0.00% | Add +37.8% | 2,093 | $331K |
| Callan Family Office, LLC | 0.01% | Add +3.4% | 2,037 | $322K |
| Johnson Investment Counsel Inc. | 0.00% | No change | 2,027 | $321K |
| Federation des caisses Desjardins du Quebec | 0.00% | Add +12.1% | 2,013 | $319K |
| nVerses Capital, LLC | 0.71% | — | 2,000 | $317K |
| Capstone Investment Advisors, LLC | 0.00% | New | 1,941 | $307K |
| US Bancorp \de | 0.00% | Add +3.5% | 1,921 | $304K |
| Panagora Asset Management Inc. | 0.00% | No change | 1,860 | $294K |
| Ethic Inc. | 0.00% | Reduce -12.3% | 1,860 | $294K |
| Donaldson Capital Management, LLC | 0.01% | No change | 1,843 | $292K |
| IFP Advisors, Inc | 0.01% | Add +0.1% | 1,842 | $292K |
| Highland Capital Management, LLC | 0.01% | Reduce -3.4% | 1,841 | $291K |
| Scientech Research LLC | 0.18% | New | 1,827 | $289K |
| State of Alaska, Department of Revenue | 0.00% | Reduce -8.1% | 1,825 | $288K |
| Xponance LLC | 0.00% | Reduce -16.6% | 1,766 | $280K |
| Essential Partners LLC | 0.08% | Reduce -5.7% | 1,712 | $271K |
| Empowered Funds, LLC | 0.00% | New | 1,686 | $267K |
| Sciencast Management LP | 0.04% | New | 1,685 | $267K |
| Vident Advisory, LLC | 0.00% | Reduce -9.1% | 1,659 | $263K |
| Quadrant Capital Group LLC | 0.01% | Reduce -2.2% | 1,658 | $262K |
| Inscription Capital, LLC | 0.03% | Reduce -4.0% | 1,652 | $261K |
| Fox Run Management, L.L.C. | 0.04% | New | 1,651 | $261K |
| Renasant Bank | 0.18% | Add +0.4% | 1,645 | $260K |
| Delta Capital Management LLC | 0.15% | No change | 1,640 | $260K |
| Choreo, LLC | 0.00% | New | 1,582 | $258K |
| Keybank National Association | 0.00% | Add +23.5% | 1,629 | $258K |
| Farther Finance Advisors, LLC | 0.00% | Add +11.6% | 1,620 | $256K |
| QRG Capital Management, Inc. | 0.00% | New | 1,610 | $255K |
| Atlas Capital Advisors Inc. | 0.03% | — | 1,593 | $252K |
| Equitable Holdings, Inc. | 0.00% | Reduce -0.2% | 1,589 | $252K |
| Investors Research Corp | 0.05% | No change | 1,575 | $249K |
| Savant Capital, LLC | 0.00% | Add +0.6% | 1,557 | $246K |
| Krilogy Financial LLC | 0.01% | Reduce -35.5% | 1,524 | $244K |
| Bridgefront Capital, LLC | 0.06% | New | 1,542 | $244K |
| Impact Partnership Wealth, LLC | 0.03% | New | 1,526 | $242K |
| HBK Sorce Advisory LLC | 0.01% | New | 1,442 | $240K |
| Baker Ellis Asset Management LLC | 0.03% | No change | 1,500 | $237K |
| DRW Securities, LLC | 0.02% | New | 1,487 | $235K |
| Federated Hermes, Inc. | 0.00% | Reduce -10.2% | 1,483 | $235K |
| Prelude Capital Management, LLC | 0.02% | New | 1,389 | $220K |
| Invictus Private Wealth, LLC | 0.01% | Reduce -1.8% | 1,375 | $218K |
| BTG Pactual Asset Management US LLC | 0.02% | New | 1,356 | $215K |
| Argos Wealth Advisors, LLC | 0.06% | — | 1,347 | $213K |
| Securian Asset Management, Inc. | 0.01% | No change | 1,347 | $213K |
| United Capital Financial Advisors, LLC | 0.00% | New | 1,318 | $209K |
| Hennion & Walsh Asset Management, Inc. | 0.01% | New | 1,316 | $208K |
| Northwestern Mutual Wealth Management Co. | 0.00% | Add +4.5% | 1,299 | $206K |
| Aptus Capital Advisors, LLC | 0.00% | Add +2.9% | 1,298 | $205K |
| PDT Partners, LLC | 0.01% | Reduce -70.9% | 1,291 | $204K |
| Ensign Peak Advisors, Inc | 0.00% | Reduce -73.4% | 1,179 | $187K |
| Sterling Capital Management LLC | 0.00% | Reduce -84.3% | 1,082 | $171K |
| Kestra Advisory Services, LLC | 0.00% | Reduce -32.2% | 1,031 | $163K |
| Bfsg, LLC | 0.02% | No change | 1,021 | $162K |
| Nemes Rush Group LLC | 0.02% | Add +1.1% | 1,011 | $160K |
| Canada Pension Plan Investment Board | 0.00% | Add +66.7% | 1,000 | $158K |
| Whittier Trust Co. of Nevada Inc. | 0.00% | Reduce -41.6% | 934 | $152K |
| Jones Financial Companies LLLP | 0.00% | Add +40.5% | 947 | $150K |
| Horizon Investments, LLC | 0.00% | New | 824 | $130K |
| Exchange Traded Concepts, LLC | 0.00% | New | 824 | $130K |
| EverSource Wealth Advisors, LLC | 0.00% | Reduce -14.3% | 806 | $128K |
| Aster Capital Management (DIFC) Ltd | 0.06% | Add +3.8% | 803 | $127K |
| Blue Trust, Inc. | 0.00% | Add +0.9% | 792 | $125K |
| Caitong International Asset Management Co., Ltd | 0.03% | Add +5521.4% | 787 | $125K |
| Bokf, NA | 0.00% | No change | 771 | $122K |
| Bessemer Group Inc. | 0.00% | Reduce -95.5% | 765 | $121K |
| Whittier Trust Co. | 0.00% | No change | 700 | $114K |
| Signaturefd, LLC | 0.00% | Reduce -4.0% | 670 | $106K |
| KBC Group NV | 0.00% | No change | 598 | $95K |
| Tower Research Capital LLC (TRC) | 0.00% | Reduce -61.2% | 585 | $93K |
| Acadian Asset Management LLC | 0.00% | Reduce -80.0% | 571 | $90K |
| Founders Capital Management | 0.05% | No change | 550 | $87K |
| Bayforest Capital Ltd | 0.06% | Reduce -45.5% | 545 | $86K |
| Rockefeller Capital Management L.P. | 0.00% | Reduce -7.5% | 509 | $81K |
| Ancora Advisors LLC | 0.00% | No change | 500 | $79K |
| Pflug Koory, LLC | 0.04% | No change | 490 | $78K |
| UMB Bank, n.a. | 0.00% | Add +20.8% | 488 | $77K |
| Fifth Third Bancorp | 0.00% | Reduce -1.3% | 467 | $74K |
| Caldwell Sutter Capital, Inc. | 0.03% | No change | 465 | $74K |
| STRS Ohio | 0.00% | Add +0.2% | 438 | $69K |
| Hantz Financial Services, Inc. | 0.00% | Add +151.2% | 427 | $68K |
| State of Wyoming | 0.01% | New | 421 | $67K |
| Parallel Advisors, LLC | 0.00% | Add +11.0% | 383 | $61K |
| GAMMA Investing LLC | 0.00% | Reduce -7.6% | 375 | $59K |
| MAI Capital Management | 0.00% | Add +83.9% | 355 | $56K |
| EMC Capital Management | 0.02% | Reduce -15.0% | 324 | $51K |
| Global Retirement Partners, LLC | 0.00% | Add +186.6% | 321 | $51K |
| Smartleaf Asset Management LLC | 0.00% | Add +0.3% | 311 | $51K |
| GHP Investment Advisors, Inc. | 0.00% | No change | 276 | $44K |
| Nomura Asset Management Co. Ltd. | 0.00% | No change | 260 | $41K |
| Rothschild Investment LLC | 0.00% | Add +37.5% | 242 | $38K |
| Versant Capital Management, Inc | 0.00% | No change | 214 | $34K |
| Sound Income Strategies, LLC | 0.00% | No change | 200 | $33K |
| Root Financial Partners, LLC | 0.00% | Add +1.1% | 193 | $31K |
| International Assets Investment Management, LLC | 0.00% | New | 187 | $30K |
| Birchbrook, Inc. | 0.01% | No change | 175 | $28K |
| Navalign, LLC | 0.01% | New | 165 | $26K |
| Clearstead Advisors, LLC | 0.00% | Reduce -62.8% | 164 | $26K |
| Basecamp Wealth Advisors LLC | 0.01% | — | 160 | $25K |
| Altshuler Shaham Ltd | 0.00% | New | 148 | $23K |
| Parkside Financial Bank & Trust | 0.00% | Add +27.2% | 131 | $21K |
| Wealth Watch Advisors, INC | 0.01% | New | 121 | $19K |
| Perkins Coie Trust Co | 0.00% | No change | 112 | $18K |
| Matrix Trust Co | 0.00% | Reduce -0.9% | 106 | $17K |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.00% | Reduce -1.8% | 107 | $17K |
| NFSG Corp | 0.00% | New | 102 | $16K |
| Bullseye Investment Management, LLC | 0.01% | New | 100 | $16K |
| Mark Sheptoff Financial Planning, LLC | 0.01% | No change | 100 | $16K |
| Spire Wealth Management | 0.00% | Reduce -74.2% | 91 | $14K |
| Geneos Wealth Management Inc. | 0.00% | Reduce -6.5% | 86 | $14K |
| Roxbury Financial LLC | 0.01% | No change | 85 | $14K |
| JFS Wealth Advisors, LLC | 0.00% | Add +25.4% | 84 | $13K |
| Elevation Wealth Partners, LLC | 0.00% | New | 82 | $13K |
| True Wealth Design, LLC | 0.00% | Add +14.3% | 80 | $13K |
| Private Trust Co. NA | 0.00% | No change | 80 | $13K |
| Group One Trading LLC | 0.00% | New | 78 | $12K |
| Deseret Mutual Benefit Administrators | 0.01% | No change | 77 | $12K |
| Private Wealth Asset Management, LLC | 0.00% | No change | 72 | $11K |
| Physician Wealth Advisors, Inc. | 0.00% | No change | 71 | $11K |
| MassMutual Private Wealth & Trust, FSB | 0.00% | Add +7.7% | 70 | $11K |
| Covestor Ltd | 0.01% | No change | 63 | $10K |
| CVA Family Office, LLC | 0.00% | No change | 59 | $9K |
| Pinnacle Wealth Planning Services, Inc. | 0.00% | New | 55 | $9K |
| Huntington National Bank | 0.00% | Reduce -13.3% | 52 | $8K |
| North Star Investment Management Corp. | 0.00% | No change | 52 | $8K |
| Princeton Global Asset Management LLC | 0.00% | No change | 50 | $8K |
| TD Private Client Wealth LLC | 0.00% | No change | 49 | $8K |
| Fortitude Family Office, LLC | 0.00% | Reduce -2.1% | 46 | $7K |
| Bell Investment Advisors, Inc | 0.00% | Add +21.9% | 39 | $6K |
| WPG Advisers, LLC | 0.00% | No change | 38 | $6K |
| IMA Advisory Services, Inc. | 0.00% | New | 38 | $6K |
| SageView Advisory Group, LLC | 0.00% | New | 37 | $6K |
| Mitsubishi UFJ Asset Management Co., Ltd. | 0.00% | No change | 37 | $6K |
| Bruce G. Allen Investments, LLC | 0.00% | No change | 35 | $6K |
| Westend Capital Management, LLC | 0.00% | No change | 35 | $6K |
| Torren Management, LLC | 0.00% | — | 33 | $5K |
| Jackson, Grant Investment Advisers, Inc. | 0.00% | No change | 32 | $5K |
| Clearstead Trust, LLC | 0.00% | Add +55.0% | 31 | $5K |
| Wealth Enhancement Trust Services, Inc. | 0.00% | — | 28 | $4K |
| Keating Financial Advisory Services, Inc. | 0.00% | — | 26 | $4K |
| Cranbrook Wealth Management, LLC | 0.00% | No change | 24 | $4K |
| Assetmark, Inc. | 0.00% | Add +109.1% | 23 | $4K |
| Manchester Capital Management LLC | 0.00% | Reduce -95.9% | 22 | $3K |
| First Horizon Corp. | 0.00% | No change | 20 | $3K |
| SJS Investment Consulting Inc. | 0.00% | Add +128.6% | 16 | $3K |
| Farmers & Merchants Investments Inc. | 0.00% | No change | 16 | $3K |
| DiNuzzo Private Wealth, Inc. | 0.00% | No change | 15 | $2K |
| Turning Point Benefit Group, Inc. | 0.00% | New | 14 | $2K |
| Rossby Financial, LCC | 0.00% | New | 12 | $2K |
| Brown Brothers Harriman & Co. | 0.00% | No change | 11 | $2K |
| TD Waterhouse Canada Inc. | 0.00% | Reduce -98.1% | 11 | $2K |
| Grove Bank & Trust | 0.00% | No change | 10 | $2K |
| Thurston, Springer, Miller, Herd & Titak, Inc. | 0.00% | No change | 9 | $1K |
| Rialto Wealth Management, LLC | 0.00% | Add +75.0% | 7 | $1K |
| Strategic Wealth Partners, Ltd. | 0.00% | No change | 7 | $1K |
| Capital Advisors, Ltd. LLC | 0.00% | No change | 4 | $1K |
| Elyxium Wealth, LLC | 0.00% | New | 6 | $950 |
| Sunbelt Securities, Inc. | 0.00% | No change | 6 | $950 |
| Bay Harbor Wealth Management, LLC | 0.00% | Add +50.0% | 6 | $949 |
| Ares Financial Consulting, LLC | 0.00% | — | 5 | $791 |
| Lloyd Advisory Services, LLC. | 0.00% | New | 4 | $657 |
| HFM Investment Advisors, LLC | 0.00% | No change | 4 | $634 |
| Raffa Wealth Management, LLC | 0.00% | No change | 4 | $633 |
| Transamerica Financial Advisors, LLC | 0.00% | Add +33.3% | 4 | $568 |
| NewEdge Advisors, LLC | 0.00% | Reduce -97.9% | 3 | $493 |
| SouthState Bank Corp | 0.00% | Reduce -78.6% | 3 | $475 |
| Larson Financial Group LLC | 0.00% | Reduce -66.7% | 3 | $475 |
| SBI Securities Co., Ltd. | 0.00% | No change | 3 | $475 |
| Trust Co | 0.00% | New | 2 | $317 |
| Beaird Harris Wealth Management, LLC | 0.00% | No change | 2 | $317 |
| Seneschal Advisors, LLC | 0.00% | No change | 1 | $159 |
| TFC Financial Management, Inc. | 0.00% | No change | 1 | $159 |
| Eastern Bank | 0.00% | New | 1 | $158 |
"% of holder's portfolio" is PAG's weight in each manager's 13F, not the share of Penske Automotive Group Inc. the manager owns.