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Progressive

546 hedge funds and large institutions have $16.4B invested in Progressive in 2016 Q4 according to their latest regulatory filings, with 90 funds opening new positions, 173 increasing their positions, 207 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

210% more first-time investments, than exits

New positions opened: 90 | Existing positions closed: 29

70% more funds holding in top 10

Funds holding in top 10: 1017 (+7)

17% more capital invested

Capital invested by funds: $14B → $16.4B (+$2.37B)

11% more funds holding

Funds holding: 491546 (+55)

2.75% more ownership

Funds ownership: 76.98%79.73% (+2.7%)

16% less repeat investments, than reductions

Existing positions increased: 173 | Existing positions reduced: 207

23% less call options, than puts

Call options by funds: $13M | Put options by funds: $17M

Holders
546
Holders Change
+55
Holders Change %
+11.2%
% of All Funds
13.65%
Holding in Top 10
17
Holding in Top 10 Change
+7
Holding in Top 10 Change %
+70%
% of All Funds
0.42%
New
90
Increased
173
Reduced
207
Closed
29
Calls
$13M
Puts
$17M
Net Calls
-$3.95M
Net Calls Change
+$2.74M
Name Holding Trade Value Shares
Change
Change in
Stake
WF
276
Welch & Forbes
Massachusetts
$1.95M
LTI
277
Laffer Tengler Investments
Tennessee
$1.92M +$1.79M +54,110 New
SO
278
STRS Ohio
Ohio
$1.91M -$88K -2,662 -5%
CIBC Asset Management
279
CIBC Asset Management
Ontario, Canada
$1.89M +$49.3K +1,490 +3%
Franklin Resources
280
Franklin Resources
California
$1.87M +$121K +3,645 +7%
BNP Paribas Asset Management
281
BNP Paribas Asset Management
France
$1.76M -$1.21M -36,732 -43%
RJFSA
282
Raymond James Financial Services Advisors
Florida
$1.74M +$326K +9,850 +25%
NIP
283
Nicholas Investment Partners
California
$1.74M -$1.01M -30,465 -38%
Brown Advisory
284
Brown Advisory
Maryland
$1.72M -$645K -19,512 -29%
EP
285
Elkfork Partners
Oregon
$1.68M +$1.56M +47,226 New
CC
286
Cipher Capital
New York
$1.67M +$1.55M +46,985 New
NA
287
Navellier & Associates
Nevada
$1.64M +$86.4K +2,612 +6%
KBC Group
288
KBC Group
Belgium
$1.63M +$77.2K +2,334 +5%
RVM
289
Robinson Value Management
Texas
$1.62M +$1.51M +45,604 New
BAM
290
Berkshire Asset Management
Pennsylvania
$1.6M -$17.8K -538 -1%
SIM
291
Sentry Investment Management
Wisconsin
$1.59M +$62.8K +1,900 +4%
SMDAM
292
Sumitomo Mitsui DS Asset Management
Japan
$1.57M -$11K -334 -0.7%
IG
293
ING Group
Netherlands
$1.54M +$392K +11,853 +38%
FCI
294
Financial Counselors Inc
Kansas
$1.53M +$1.43M +43,117 New
DCM
295
Dynamic Capital Management
Jersey
$1.53M +$79.9K +2,417 +6%
TG
296
TCW Group
California
$1.52M -$9.53M -288,299 -87%
Janney Montgomery Scott
297
Janney Montgomery Scott
Pennsylvania
$1.5M +$148K +4,471 +12%
KRS
298
Kentucky Retirement Systems
Kentucky
$1.5M -$78.2K -2,366 -5%
LMGAM
299
Liberty Mutual Group Asset Management
Massachusetts
$1.48M -$319K -9,632 -19%
CIM
300
Calvert Investment Management
Maryland
$1.48M -$164K -4,961 -11%

PGR Hedge Fund Activity: Q4 2016 in Review

546 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q4 2016, worth a combined $16.4B — up 17% from $14B a quarter earlier.

Buyers outnumbered sellers: 90 funds opened new PGR positions and 29 closed out — a net gain of 61 holders — while 173 added to existing stakes and 207 trimmed.

The largest buyer was AllianceBernstein, adding an estimated $288M. The largest seller was Capital Research Global Investors, cutting an estimated $313M.

  • 546 institutional investors held Progressive (PGR) as of Q4 2016, up from 491 in Q3 2016.
  • Funds reported $16.4B of Progressive stock for Q4 2016, up 17% quarter-over-quarter.
  • 90 funds opened new Progressive positions in Q4 2016 and 29 closed out, a net change of +61 holders.
  • The largest Progressive buyer in Q4 2016 was AllianceBernstein, an estimated $288M added.
  • The largest Progressive seller in Q4 2016 was Capital Research Global Investors, an estimated $313M sold.

Based on aggregated 13F filings for Q4 2016.