Progressive
PGR
845 hedge funds and large institutions have $28.1B invested in Progressive in 2018 Q4 according to their latest regulatory filings, with 151 funds opening new positions, 286 increasing their positions, 304 reducing their positions, and 64 closing their positions.
136% more first-time investments, than exits
New positions opened: 151 | Existing positions closed: 64
11% more funds holding
Funds holding: 763 → 845 (+82)
3% more funds holding in top 10
Funds holding in top 10: 29 → 30 (+1)
0.75% less ownership
Funds ownership: 81.55% → 80.81% (-0.75%)
6% less repeat investments, than reductions
Existing positions increased: 286 | Existing positions reduced: 304
8% less call options, than puts
Call options by funds: $79.8M | Put options by funds: $86.7M
17% less capital invested
Capital invested by funds: $33.7B → $28.1B (-$5.58B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$318M |
| 2 |
Viking Global Investors
Stamford,
Connecticut
|
+$145M |
| 3 |
FAM
Fred Alger Management
New York
|
+$98.7M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$87.5M |
| 5 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$74.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$492M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$352M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$119M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$109M |
| 5 |
William Blair Investment Management
Chicago,
Illinois
|
-$103M |
PGR Hedge Fund Activity: Q4 2018 in Review
845 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q4 2018, worth a combined $28.1B — down 17% from $33.7B a quarter earlier.
Buyers outnumbered sellers: 151 funds opened new PGR positions and 64 closed out — a net gain of 87 holders — while 286 added to existing stakes and 304 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $318M. The largest seller was T. Rowe Price Associates, cutting an estimated $492M.
- 845 institutional investors held Progressive (PGR) as of Q4 2018, up from 763 in Q3 2018.
- Funds reported $28.1B of Progressive stock for Q4 2018, down 17% quarter-over-quarter.
- 151 funds opened new Progressive positions in Q4 2018 and 64 closed out, a net change of +87 holders.
- The largest Progressive buyer in Q4 2018 was Wellington Management Group, an estimated $318M added.
- The largest Progressive seller in Q4 2018 was T. Rowe Price Associates, an estimated $492M sold.
Based on aggregated 13F filings for Q4 2018.