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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
QI
351
QS Investors
New York
$196K +$191K +7,726 New
WA
352
Winfield Associates
Ohio
$189K – – –
TRCT
353
Tower Research Capital (TRC)
New York
$185K +$147K +5,931 +438%
EAMA
354
EFG Asset Management (Americas)
Florida
$184K +$75.4K +3,042 +72%
BGIM
355
Brandywine Global Investment Management
Pennsylvania
$177K -$3.12M -125,748 -95%
Fuller & Thaler Asset Management
356
Fuller & Thaler Asset Management
California
$161K – – –
BA
357
BlackRock Advisors
Delaware
$158K -$3.35K -135 -2%
DekaBank Deutsche Girozentrale
358
DekaBank Deutsche Girozentrale
Germany
$153K -$1.18M -47,509 -89%
RFS
359
Rockefeller Financial Services
New York
$142K – – –
VFA
360
Virtus Fund Advisers
Connecticut
$139K +$136K +5,496 New
PCM
361
Prelude Capital Management
New York
$132K +$129K +5,200 New
M&T Bank
362
M&T Bank
New York
$130K – – –
TFA
363
Transamerica Financial Advisors
Florida
$130K +$7.13K +288 +6%
PSC
364
Prentiss Smith & Co
Vermont
$116K – – –
GIS
365
Guardian Investor Services
New York
$103K -$4.53K -183 -4%
WF
366
WealthTrust Fairport
Ohio
$96K – – –
JFGIW
367
Johnson Financial Group Inc (Wisconsin)
Wisconsin
$87K +$80.2K +3,237 +1,695%
AAM
368
Advisors Asset Management
Colorado
$79K – – –
GLI
369
Guardian Life Insurance
New York
$79K – – –
Group One Trading
370
Group One Trading
Illinois
$78K -$18.1K -732 -19%
FNBT
371
FineMark National Bank & Trust
Florida
$78K +$12.3K +497 +19%
SEC
372
Seven Eight Capital
New York
$71K +$69.4K +2,800 New
Parallax Volatility Advisers
373
Parallax Volatility Advisers
California
$69K +$66.9K +2,702 +33,775%
W
374
Wealthfront
California
$65K +$20.9K +844 +48%
MCM
375
Manchester Capital Management
Vermont
$64K +$9.22K +372 +17%
13 14
15
16 17

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.