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# Conifer Now Holds 16.9% Of Group 1 Automotive After Paying $41.6 Million For More Shares
- URL: https://www.bullished.co/conifer-now-holds-16-9-of-group-1-automotive-after-paying-41-6-million-for-more-shares-11c05390/
- Published: 2026-10-27T20:27:33.000Z
- Updated: 2026-10-27T20:27:33.000Z
- Description: Conifer Management's latest activist-investor amendment shows 2,012,290 shares and open-market buying from September 30 to October 26.
- Author: Matteo Parrino
- Tags: SEC Filings, GPI, Industry: Consumer Discretionary, Topic: Ownership & Activism

Conifer Management, an investment adviser, now beneficially owns [2,012,290 shares](https://www.sec.gov/Archives/edgar/data/0001773994/000090514826004578/xslSCHEDULE%5F13D%5FX01/primary%5Fdoc.xml?ref=bullished.co) of [Group 1 Automotive](https://www.bullished.co/tag/gpi/), about 16.9% of the company, according to the fourth amendment to its Schedule 13D, an activist-investor ownership filing, dated Tuesday. Group 1 operates car dealerships in the US and UK.

## $41.6 million in new purchases

Conifer paid approximately $41,559,876.43, excluding commissions, for the shares it bought since its prior amendment, which was filed on September 29, the filing says. The money came from the working capital of commingled investment vehicles Conifer manages, and it may have included margin borrowings, where the account's holdings are pledged as collateral.

The 16.9% figure rests on 11,922,225 shares outstanding as of July 24, 2026, taken from Group 1's Form 10-Q filed on July 30, 2026\. Conifer holds sole voting and sole dispositive power over all 2,012,290 shares.

## Four trade dates, all open market

An [exhibit](https://www.sec.gov/Archives/edgar/data/1773994/000090514826004578/scheduleoftransactions.htm?ref=bullished.co) lists purchases on four trade dates between September 30 and October 26, all made through a broker in the open market. Together they total 129,356 shares.

- September 30: Acacia Partners, L.P. bought 42,236 shares and Acacia Conservation Fund, LP bought 29,356, at a volume-weighted average of $242.0336.
- October 22: Acacia Conservation Fund bought 45,000 shares at $240.5177.
- October 23: the same fund bought 34,529 shares at $242.4124.
- October 26: the same fund bought 20,471 shares at $246.136.

## The company behind the stock

Group 1 Automotive sells and leases new and used cars and light trucks, arranges financing, sells service and insurance contracts, and runs repair work and parts sales. As of December 31, 2025, it ran 145 dealerships and 21 collision centers in 17 US states, plus 109 dealerships and 11 collision centers in the UK, with 20,452 employees.

Group 1's market value was $2.9 billion at Tuesday's close. The amendment follows an original Schedule 13D filed on August 20, 2026, and amendments on September 8 and September 22.

The latest purchases ran as high as $249.84 a share on October 26, the top of that day's price range in the exhibit.

### Sources

- [SCHEDULE 13D/A — Conifer Management, L.L.C. re: Group 1 Automotive, Inc. (GPI)](https://www.sec.gov/Archives/edgar/data/0001773994/000090514826004578/xslSCHEDULE%5F13D%5FX01/primary%5Fdoc.xml?ref=bullished.co) — SEC EDGAR
- [SCHEDULE 13D/A Exhibit 99.7 — SCHEDULE OF TRANSACTIONS](https://www.sec.gov/Archives/edgar/data/1773994/000090514826004578/scheduleoftransactions.htm?ref=bullished.co) — SEC EDGAR

### More on Group 1 Automotive

- [Group 1 Automotive Pays About $1.3 Billion To Close Hennessy Atlanta Deal, Funded By $1.25 Billion Of Notes](https://www.bullished.co/group-1-automotive-pays-about-1-3-billion-to-close-hennessy-atlanta-deal-funded-by-1-25-ffea8d34/)

[All Group 1 Automotive (GPI) coverage →](https://www.bullished.co/tag/gpi/)