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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
JIC
326
Johnson Investment Counsel
Ohio
$277K – – –
N
327
Natixis
France
$276K +$270K +10,880 New
AIP
328
Ameritas Investment Partners
Nebraska
$274K – – –
FMLI
329
Fukoku Mutual Life Insurance
Japan
$271K – – –
JG
330
Jefferies Group
New York
$268K -$279K -11,274 -52%
CI
331
Constellation Investments
Ohio
$264K +$2.48K +100 +1%
TFF
332
Timothy F. Fidgeon
$254K – – –
AW
333
ACG Wealth
Georgia
$254K +$24.8K +1,000 +11%
FCBT
334
First Citizens Bank & Trust
North Carolina
$254K +$248K +10,005 New
ZAM
335
Zevin Asset Management
Massachusetts
$254K +$248K +10,009 New
WFM
336
Wilmington Funds Management
Delaware
$251K -$129K -5,200 -34%
LNWWM
337
Laird Norton Wetherby Wealth Management
California
$250K +$21.4K +865 +10%
CB
338
Commerce Bank
Missouri
$235K +$570 +23 +0.2%
JMPWA
339
JP Morgan Private Wealth Advisors
California
$232K -$18.9K -763 -8%
Bank of Nova Scotia
340
Bank of Nova Scotia
Ontario, Canada
$232K +$227K +9,161 New
BSW
341
Buckingham Strategic Wealth
Missouri
$230K +$225K +9,067 New
Axa
342
Axa
France
$221K +$2.48K +100 +1%
BPBT
343
Boston Private Bank & Trust
Massachusetts
$220K – – –
WAM
344
Weatherly Asset Management
California
$217K -$19.3K -780 -8%
HSA
345
HBK Sorce Advisory
Pennsylvania
$216K -$1.54K -62 -0.7%
PFC
346
Poplar Forest Capital
California
$216K – – –
PHIMC
347
Private Harbour Investment Management & Counsel
Ohio
$216K – – –
Commonwealth Equity Services
348
Commonwealth Equity Services
Massachusetts
$213K -$725K -29,274 -78%
WTIM
349
Wilmington Trust Investment Management
Delaware
$209K -$146K -5,900 -42%
TCM
350
Tradewinds Capital Management
Washington
$197K – – –
12 13
14
15 16

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.