Picton Mahoney Asset Management Invests $779,000 in Sonic Automotive

The investment firm acquired a new stake in the automotive retailer during the third quarter.

Published on Mar. 8, 2026

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Picton Mahoney Asset Management acquired a new stake of 10,231 shares in Sonic Automotive, Inc. (NYSE:SAH) during the third quarter, valued at approximately $779,000. The investment comes as several other hedge funds and institutional investors have also recently added to or reduced their stakes in the automotive retailer.

Why it matters

Sonic Automotive is a major automotive retailer with a network of franchised new-car dealerships and used-vehicle dealerships across the United States. The investment by Picton Mahoney Asset Management signals confidence in the company's performance and growth potential.

The details

Picton Mahoney Asset Management acquired the new stake in Sonic Automotive as part of its investment strategy. The fund now holds 10,231 shares of the company's stock, valued at approximately $779,000. Several other hedge funds and institutional investors have also made changes to their positions in Sonic Automotive, with some increasing their stakes and others reducing their holdings.

  • Picton Mahoney Asset Management acquired the new stake in Sonic Automotive during the third quarter.

The players

Picton Mahoney Asset Management

An investment management firm that acquired a new stake in Sonic Automotive, Inc.

Sonic Automotive, Inc.

A publicly traded automotive retailer that operates a network of franchised new-car dealerships and used-vehicle dealerships across the United States.

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The takeaway

The investment by Picton Mahoney Asset Management in Sonic Automotive reflects the firm's confidence in the automotive retailer's performance and growth potential. This move aligns with the broader trend of hedge funds and institutional investors adjusting their positions in the company, signaling the industry's ongoing evolution and the market's assessment of Sonic Automotive's prospects.