Progressive
PGR
383 hedge funds and large institutions have $12.2B invested in Progressive in 2013 Q3 according to their latest regulatory filings, with 32 funds opening new positions, 130 increasing their positions, 141 reducing their positions, and 29 closing their positions.
138% more call options, than puts
Call options by funds: $6.56M | Put options by funds: $2.76M
11% more capital invested
Capital invested by funds: $11B → $12.2B (+$1.25B)
10% more first-time investments, than exits
New positions opened: 32 | Existing positions closed: 29
3.31% more ownership
Funds ownership: 71.79% → 75.1% (+3.3%)
1% more funds holding
Funds holding: 381 → 383 (+2)
0% more funds holding in top 10
Funds holding in top 10: 8 → 8 (0)
8% less repeat investments, than reductions
Existing positions increased: 130 | Existing positions reduced: 141
Top Buyers
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$417M |
| 2 |
TCM
Tran Capital Management
San Rafael,
California
|
+$67.5M |
| 3 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$41.1M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$41M |
| 5 |
Morgan Stanley
New York
|
+$40.1M |
Top Sellers
| 1 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
-$63.5M |
| 2 |
UBS AM
Chicago,
Illinois
|
-$53.4M |
| 3 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$43.3M |
| 4 |
Diamond Hill Capital Management
Columbus,
Ohio
|
-$27.9M |
| 5 |
SB
Suntrust Banks
Atlanta,
Georgia
|
-$16.9M |
PGR Hedge Fund Activity: Q3 2013 in Review
383 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q3 2013, worth a combined $12.2B — up 11% from $11B a quarter earlier.
Buyers outnumbered sellers: 32 funds opened new PGR positions and 29 closed out — a net gain of 3 holders — while 130 added to existing stakes and 141 trimmed.
The largest buyer was Capital Research Global Investors, adding an estimated $417M. The largest seller was Davis Selected Advisers, cutting an estimated $63.5M.
- 383 institutional investors held Progressive (PGR) as of Q3 2013, up from 381 in Q2 2013.
- Funds reported $12.2B of Progressive stock for Q3 2013, up 11% quarter-over-quarter.
- 32 funds opened new Progressive positions in Q3 2013 and 29 closed out, a net change of +3 holders.
- The largest Progressive buyer in Q3 2013 was Capital Research Global Investors, an estimated $417M added.
- The largest Progressive seller in Q3 2013 was Davis Selected Advisers, an estimated $63.5M sold.
Based on aggregated 13F filings for Q3 2013.