Cliff Asness's PAG Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 459,637 shares of Penske Automotive Group, Inc. (PAG) worth $68.5 M, representing 0.03% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 51 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in PAG, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2020, adding 310,837 shares. Largest reduction occurred in Q1 2026, reducing 249,528 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Penske Automotive Group (PAG) Holding Value Over Time
Track share changes against reported price movement
Quarterly Penske Automotive Group (PAG) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q1 2026 | -249,528 | Reduce 35.19% | 459,637 | $149.02 |
| Q4 2025 | -17,325 | Reduce 2.38% | 709,165 | $158.29 |
| Q3 2025 | +44,749 | Add 6.56% | 726,490 | $172.12 |
| Q2 2025 | +118,976 | Add 21.14% | 681,741 | $171.55 |
| Q1 2025 | -43,944 | Reduce 7.24% | 562,765 | $140.60 |
| Q4 2024 | +20,506 | Add 3.50% | 606,709 | $152.44 |
| Q3 2024 | +168,271 | Add 40.26% | 586,203 | $161.40 |
| Q2 2024 | +99,164 | Add 31.11% | 417,932 | $149.02 |
| Q1 2024 | -8,942 | Reduce 2.73% | 318,768 | $161.99 |
| Q4 2023 | -19,573 | Reduce 5.64% | 327,710 | $160.51 |
| Q3 2023 | -71,581 | Reduce 17.09% | 347,283 | $167.06 |
| Q2 2023 | -10,309 | Reduce 2.40% | 418,864 | $164.84 |
| Q1 2023 | -13,224 | Reduce 2.99% | 429,173 | $141.10 |
| Q4 2022 | -43,137 | Reduce 8.88% | 442,397 | $114.93 |
| Q3 2022 | -116,587 | Reduce 19.36% | 485,534 | $98.43 |
| Q2 2022 | -32,750 | Reduce 5.16% | 602,121 | $104.19 |
| Q1 2022 | +78,887 | Add 14.19% | 634,871 | $93.72 |
| Q4 2021 | -52,274 | Reduce 8.59% | 555,984 | $105.92 |
| Q3 2021 | -28,923 | Reduce 4.54% | 608,258 | $100.60 |
| Q2 2021 | +71,562 | Add 12.65% | 637,181 | $74.35 |
| Q1 2021 | +37,695 | Add 7.14% | 565,619 | $80.24 |
| Q4 2020 | -146,928 | Reduce 21.77% | 527,924 | $59.09 |
| Q3 2020 | +105,578 | Add 18.55% | 674,852 | $47.66 |
| Q2 2020 | +310,837 | Add 120.28% | 569,274 | $38.08 |
| Q1 2020 | -13,402 | Reduce 4.93% | 258,437 | $28.00 |
| Q4 2019 | +47,242 | Add 21.03% | 271,839 | $50.22 |
| Q3 2019 | -15,216 | Reduce 6.34% | 224,597 | $46.65 |
| Q2 2019 | -43,342 | Reduce 15.31% | 239,813 | $47.30 |
| Q1 2019 | +23,248 | Add 8.94% | 283,155 | $44.65 |
| Q4 2018 | -10,225 | Reduce 3.79% | 259,907 | $40.32 |
| Q3 2018 | +3,217 | Add 1.21% | 270,132 | $47.39 |
| Q2 2018 | +86,642 | Add 48.06% | 266,915 | $46.85 |
| Q1 2018 | -161,612 | Reduce 47.27% | 180,273 | $44.33 |
| Q4 2017 | -24,124 | Reduce 6.59% | 341,885 | $47.95 |
| Q3 2017 | +192,249 | Add 110.64% | 366,009 | $47.57 |
| Q2 2017 | -8,589 | Reduce 4.71% | 173,760 | $43.91 |
| Q1 2017 | +54,106 | Add 42.19% | 182,349 | $46.81 |
| Q4 2016 | +27 | Add 0.02% | 128,243 | $51.84 |
| Q3 2016 | -1,566 | Reduce 1.21% | 128,216 | $48.18 |
| Q2 2016 | +3,797 | Add 3.01% | 129,782 | $31.46 |
| Q1 2016 | +78,004 | Add 162.57% | 125,985 | $37.90 |
| Q4 2015 | +27,758 | Add 137.26% | 47,981 | $42.35 |
| Q3 2015 | +5,093 | Add 33.66% | 20,223 | $48.46 |
| Q2 2015 | -5,485 | Reduce 26.61% | 15,130 | $52.08 |
| Q1 2015 | +4,900 | Add 31.18% | 20,615 | $51.47 |
| Q4 2014 | +9,400 | Add 148.85% | 15,715 | $49.06 |
| Q3 2014 | -200 | Reduce 3.07% | 6,315 | $40.54 |
| Q2 2014 | +6,515 | New Buy | 6,515 | $49.42 |
| Q4 2013 | -7,849 | Sold Out | 0 | $0.00 |
| Q3 2013 | +918 | Add 13.24% | 7,849 | $42.68 |
| Q2 2013 | +6,931 | Add 0.00% | 6,931 | $30.59 |
Cliff Asness's Penske Automotive Group Investment FAQs
Cliff Asness first purchased Penske Automotive Group, Inc. (PAG) in Q2 2013, acquiring 6,931 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Penske Automotive Group, Inc. (PAG) for 51 quarters since Q2 2013.
Cliff Asness's largest addition to Penske Automotive Group, Inc. (PAG) was in Q2 2020, adding 569,274 shares worth $21.68 M.
According to the latest 13F filing for Q1 2026, Cliff Asness's firm, Aqr Capital Management LLC, owns 459,637 shares of Penske Automotive Group, Inc. (PAG), valued at approximately $68.5 M.
As of the Q1 2026 filing, Penske Automotive Group, Inc. (PAG) represents approximately 0.03% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Penske Automotive Group, Inc. (PAG) was 726,490 shares, as reported at the end of Q3 2025.