Progressive
PGR
403 hedge funds and large institutions have $12.2B invested in Progressive in 2013 Q4 according to their latest regulatory filings, with 48 funds opening new positions, 105 increasing their positions, 172 reducing their positions, and 24 closing their positions.
282% more call options, than puts
Call options by funds: $4.99M | Put options by funds: $1.31M
100% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 24
5% more funds holding
Funds holding: 383 → 403 (+20)
0% less capital invested
Capital invested by funds: $12.2B → $12.2B (-$31.4M)
0.34% less ownership
Funds ownership: 75.1% → 74.76% (-0.34%)
13% less funds holding in top 10
Funds holding in top 10: 8 → 7 (-1)
39% less repeat investments, than reductions
Existing positions increased: 105 | Existing positions reduced: 172
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$203M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$62.1M |
| 3 |
EARNEST Partners
Atlanta,
Georgia
|
+$49.8M |
| 4 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$44.2M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$27.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UBS AM
Chicago,
Illinois
|
-$97.4M |
| 2 |
EIG
EdgePoint Investment Group
Toronto,
Ontario, Canada
|
-$67M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$53.2M |
| 4 |
BG
BlackRock Group
London,
United Kingdom
|
-$41.1M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$33.5M |
PGR Hedge Fund Activity: Q4 2013 in Review
403 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q4 2013, worth a combined $12.2B — down 0.26% from $12.2B a quarter earlier.
Buyers outnumbered sellers: 48 funds opened new PGR positions and 24 closed out — a net gain of 24 holders — while 105 added to existing stakes and 172 trimmed.
The largest buyer was Capital Research Global Investors, adding an estimated $203M. The largest seller was UBS AM, cutting an estimated $97.4M.
- 403 institutional investors held Progressive (PGR) as of Q4 2013, up from 383 in Q3 2013.
- Funds reported $12.2B of Progressive stock for Q4 2013, down 0.26% quarter-over-quarter.
- 48 funds opened new Progressive positions in Q4 2013 and 24 closed out, a net change of +24 holders.
- The largest Progressive buyer in Q4 2013 was Capital Research Global Investors, an estimated $203M added.
- The largest Progressive seller in Q4 2013 was UBS AM, an estimated $97.4M sold.
Based on aggregated 13F filings for Q4 2013.