Progressive
PGR
1,798 hedge funds and large institutions have $123B invested in Progressive in 2025 Q3 according to their latest regulatory filings, with 114 funds opening new positions, 675 increasing their positions, 769 reducing their positions, and 194 closing their positions.
20% more call options, than puts
Call options by funds: $525M | Put options by funds: $436M
1.41% less ownership
Funds ownership: 86.22% → 84.81% (-1.4%)
6% less funds holding
Funds holding: 1,904 → 1,798 (-106)
9% less capital invested
Capital invested by funds: $135B → $123B (-$12.1B)
12% less repeat investments, than reductions
Existing positions increased: 675 | Existing positions reduced: 769
34% less funds holding in top 10
Funds holding in top 10: 79 → 52 (-27)
41% less first-time investments, than exits
New positions opened: 114 | Existing positions closed: 194
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
+$1.49B |
| 2 |
JP Morgan Chase
New York
|
+$732M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
+$571M |
| 4 |
Two Sigma Advisers
New York
|
+$339M |
| 5 |
BlackRock
New York
|
+$266M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
-$782M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
-$646M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$562M |
| 4 |
UBS AM
Chicago,
Illinois
|
-$330M |
| 5 |
Brown Advisory
Baltimore,
Maryland
|
-$264M |
PGR Hedge Fund Activity: Q3 2025 in Review
1,798 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q3 2025, worth a combined $123B — down 9% from $135B a quarter earlier.
Sellers outnumbered buyers: 194 funds closed out of PGR and 114 opened new positions — a net loss of 80 holders — while 769 trimmed existing stakes and 675 added.
The largest buyer was Capital International Investors, adding an estimated $1.49B. The largest seller was Jennison Associates, cutting an estimated $782M.
- 1,798 institutional investors held Progressive (PGR) as of Q3 2025, down from 1,904 in Q2 2025.
- Funds reported $123B of Progressive stock for Q3 2025, down 9% quarter-over-quarter.
- 114 funds opened new Progressive positions in Q3 2025 and 194 closed out, a net change of -80 holders.
- The largest Progressive buyer in Q3 2025 was Capital International Investors, an estimated $1.49B added.
- The largest Progressive seller in Q3 2025 was Jennison Associates, an estimated $782M sold.
Based on aggregated 13F filings for Q3 2025.