Progressive
PGR
492 hedge funds and large institutions have $16.7B invested in Progressive in 2015 Q4 according to their latest regulatory filings, with 60 funds opening new positions, 183 increasing their positions, 168 reducing their positions, and 52 closing their positions.
233% more call options, than puts
Call options by funds: $47.8M | Put options by funds: $14.4M
15% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 52
9% more repeat investments, than reductions
Existing positions increased: 183 | Existing positions reduced: 168
3% more capital invested
Capital invested by funds: $16.3B → $16.7B (+$424M)
1% more funds holding
Funds holding: 489 → 492 (+3)
0.94% less ownership
Funds ownership: 80.38% → 79.45% (-0.94%)
33% less funds holding in top 10
Funds holding in top 10: 15 → 10 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$55.7M |
| 2 |
TCP
Tourbillon Capital Partners
New York
|
+$53.1M |
| 3 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$46M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$25.2M |
| 5 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$24.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$113M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
-$65.8M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$65.5M |
| 4 |
Neuberger Berman Group
New York
|
-$55.9M |
| 5 |
BBHC
Brown Brothers Harriman & Co
New York
|
-$50.5M |
PGR Hedge Fund Activity: Q4 2015 in Review
492 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q4 2015, worth a combined $16.7B — up 2.6% from $16.3B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new PGR positions and 52 closed out — a net gain of 8 holders — while 183 added to existing stakes and 168 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $55.7M. The largest seller was Artisan Partners, cutting an estimated $113M.
- 492 institutional investors held Progressive (PGR) as of Q4 2015, up from 489 in Q3 2015.
- Funds reported $16.7B of Progressive stock for Q4 2015, up 2.6% quarter-over-quarter.
- 60 funds opened new Progressive positions in Q4 2015 and 52 closed out, a net change of +8 holders.
- The largest Progressive buyer in Q4 2015 was Goldman Sachs, an estimated $55.7M added.
- The largest Progressive seller in Q4 2015 was Artisan Partners, an estimated $113M sold.
Based on aggregated 13F filings for Q4 2015.