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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
420
Holders Change
+26
Holders Change %
+6.6%
% of All Funds
12.07%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.17%
New
58
Increased
127
Reduced
161
Closed
28
Calls
$1.24M
Puts
$3.35M
Net Calls
-$2.1M
Net Calls Change
-$2.29M

Top Buyers

1
Pzena Investment Management
Pzena Investment Management
New York
+$69.2M
2
Two Sigma Investments
Two Sigma Investments
New York
+$63.4M
3
Capital Research Global Investors
Capital Research Global Investors
California
+$62.6M
4
Norges Bank
Norges Bank
Norway
+$56M
5
Two Sigma Advisers
Two Sigma Advisers
New York
+$45.9M

Top Sellers

1
DSA
Davis Selected Advisers
Arizona
-$670M
2
Macquarie Group
Macquarie Group
Australia
-$354M
3
Capital World Investors
Capital World Investors
California
-$71.4M
4
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$67.8M
5
Public Sector Pension Investment Board (PSP Investments)
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
-$51.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Allianz Asset Management
301
Allianz Asset Management
Germany
$408K +$117K +4,726 +42%
LI
302
LMCG Investments
Massachusetts
$406K -$396K -16,000 -50%
AB
303
Amalgamated Bank
New York
$404K +$19.5K +787 +5%
MYAM
304
Meiji Yasuda Asset Management
Japan
$402K +$61.9K +2,500 +19%
FTC
305
Farmers Trust Company
Ohio
$384K -$2.73K -110 -0.7%
Daiwa Securities Group
306
Daiwa Securities Group
Japan
$365K -$44.6K -1,800 -11%
EOJOAM
307
E. Ohman J:or Asset Management
Sweden
$360K – – –
AL
308
Airain Ltd
Guernsey
$357K +$349K +14,069 New
LTFS
309
Ladenburg Thalmann Financial Services
Florida
$341K -$3.35K -135 -1%
PI
310
Placemark Investments
Illinois
$332K -$311K -12,555 -49%
CAM
311
Carret Asset Management
New York
$322K – – –
IIM
312
Ironwood Investment Management
Massachusetts
$315K +$2.11K +85 +0.7%
CI
313
Capital International
California
$314K -$3.76M -151,600 -92%
WTNA
314
Wilmington Trust National Association
Delaware
$307K +$89.2K +3,602 +42%
TH
315
Timber Hill
Connecticut
$306K +$299K +12,058 New
AT
316
Arden Trust
Delaware
$305K -$17.6K -710 -6%
Truist Financial
317
Truist Financial
North Carolina
$304K +$45.2K +1,826 +18%
CAL
318
Capital Advisors Ltd
Ohio
$299K – – –
PAM
319
PartnerRe Asset Management
Connecticut
$294K -$41K -1,654 -12%
VRS
320
Virginia Retirement Systems
Virginia
$292K -$718 -29 -0.3%
CAN
321
Cetera Advisor Networks
California
$288K +$49.5K +2,000 +21%
BWFA
322
Baltimore-Washington Financial Advisors
Maryland
$285K – – –
QIM
323
Quantitative Investment Management
Virginia
$284K +$277K +11,200 New
Toronto Dominion Bank
324
Toronto Dominion Bank
Ontario, Canada
$281K +$38K +1,532 +16%
CC
325
ClearArc Capital
Ohio
$278K +$2.7K +109 +1%
11 12
13
14 15

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.