Progressive
PGR
420 hedge funds and large institutions have $10.9B invested in Progressive in 2014 Q2 according to their latest regulatory filings, with 58 funds opening new positions, 127 increasing their positions, 161 reducing their positions, and 28 closing their positions.
107% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 28
7% more funds holding
Funds holding: 394 → 420 (+26)
0% more capital invested
Capital invested by funds: $10.9B → $10.9B (+$9.99M)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
3.15% less ownership
Funds ownership: 76.02% → 72.87% (-3.1%)
21% less repeat investments, than reductions
Existing positions increased: 127 | Existing positions reduced: 161
63% less call options, than puts
Call options by funds: $1.24M | Put options by funds: $3.35M
Top Buyers
| 1 |
Pzena Investment Management
New York
|
+$69.2M |
| 2 |
Two Sigma Investments
New York
|
+$63.4M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
+$62.6M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$56M |
| 5 |
Two Sigma Advisers
New York
|
+$45.9M |
Top Sellers
PGR Hedge Fund Activity: Q2 2014 in Review
420 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q2 2014, worth a combined $10.9B — up 0.09% from $10.9B a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new PGR positions and 28 closed out — a net gain of 30 holders — while 127 added to existing stakes and 161 trimmed.
The largest buyer was Pzena Investment Management, adding an estimated $69.2M. The largest seller was Davis Selected Advisers, cutting an estimated $670M.
- 420 institutional investors held Progressive (PGR) as of Q2 2014, up from 394 in Q1 2014.
- Funds reported $10.9B of Progressive stock for Q2 2014, up 0.09% quarter-over-quarter.
- 58 funds opened new Progressive positions in Q2 2014 and 28 closed out, a net change of +30 holders.
- The largest Progressive buyer in Q2 2014 was Pzena Investment Management, an estimated $69.2M added.
- The largest Progressive seller in Q2 2014 was Davis Selected Advisers, an estimated $670M sold.
Based on aggregated 13F filings for Q2 2014.