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Progressive

1,459 hedge funds and large institutions have $103B invested in Progressive in 2024 Q1 according to their latest regulatory filings, with 215 funds opening new positions, 550 increasing their positions, 513 reducing their positions, and 70 closing their positions.

New
Increased
Maintained
Reduced
Closed

207% more first-time investments, than exits

New positions opened: 215 | Existing positions closed: 70

51% more call options, than puts

Call options by funds: $611M | Put options by funds: $406M

49% more funds holding in top 10

Funds holding in top 10: 4567 (+22)

27% more capital invested

Capital invested by funds: $81.2B → $103B (+$22.1B)

10% more funds holding

Funds holding: 1,3261,459 (+133)

7% more repeat investments, than reductions

Existing positions increased: 550 | Existing positions reduced: 513

1.72% less ownership

Funds ownership: 87.11%85.39% (-1.7%)

Holders
1,459
Holders Change
+133
Holders Change %
+10.03%
% of All Funds
21.02%
Holding in Top 10
67
Holding in Top 10 Change
+22
Holding in Top 10 Change %
+48.89%
% of All Funds
0.97%
New
215
Increased
550
Reduced
513
Closed
70
Calls
$611M
Puts
$406M
Net Calls
+$206M
Net Calls Change
+$70M
Name Holding Trade Value Shares
Change
Change in
Stake
Wealth Enhancement Advisory Services
351
Wealth Enhancement Advisory Services
Minnesota
$13.5M +$5.96M +32,115 +97%
PCM
352
Pinnbrook Capital Management
New York
$13.4M +$12.1M +65,021 New
PP
353
Prudential plc
United Kingdom
$13.1M +$4.25M +22,908 +57%
CII
354
Capital International Inc
California
$13M -$873K -4,705 -7%
SWP
355
Stratos Wealth Partners
Ohio
$12.8M +$12.8K +69 +0.1%
Daiwa Securities Group
356
Daiwa Securities Group
Japan
$12.8M +$1.61M +8,662 +16%
Osaic Holdings
357
Osaic Holdings
Arizona
$12.7M -$9.48M -51,099 -45%
GIA
358
GHP Investment Advisors
Colorado
$12.5M -$7.79K -42 -0.1%
Cambridge Investment Research Advisors
359
Cambridge Investment Research Advisors
Iowa
$12.5M -$841K -4,533 -7%
GCM
360
GoodHaven Capital Management
New Jersey
$12.4M
ELI
361
Empire Life Investments
Ontario, Canada
$12.4M -$3.05M -16,460 -22%
SMDAM
362
Sumitomo Mitsui DS Asset Management
Japan
$12.4M +$427K +2,300 +4%
CFB
363
Cullen/Frost Bankers
Texas
$12.4M -$13.2K -71 -0.1%
MCM
364
MAI Capital Management
Ohio
$12.4M +$1.03M +5,562 +10%
VPIM
365
Vanguard Personalized Indexing Management
California
$12.1M +$1.7M +9,162 +19%
SAM
366
Shell Asset Management
Netherlands
$12M +$2.08M +11,218 +24%
RC
367
Roundview Capital
New Jersey
$11.9M +$129K +697 +1%
CW
368
Connectus Wealth
Ohio
$11.9M -$2.61M -14,079 -20%
BFA
369
Bragg Financial Advisors
North Carolina
$11.8M -$596K -3,212 -5%
ECM
370
Engle Capital Management
Connecticut
$11.8M +$10.6M +57,100 New
IMRF
371
Illinois Municipal Retirement Fund
Illinois
$11.6M
SFA
372
Sequoia Financial Advisors
Ohio
$11.5M +$31.9K +172 +0.3%
B
373
Bensler
Washington
$11.4M +$886K +4,776 +9%
LGF
374
LGT Group Foundation
Liechtenstein
$11.3M +$10.2M +54,757 New
MCM
375
Moore Capital Management
New York
$11.3M -$78.7M -424,365 -89%

PGR Hedge Fund Activity: Q1 2024 in Review

1,459 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q1 2024, worth a combined $103B — up 27% from $81.2B a quarter earlier.

Buyers outnumbered sellers: 215 funds opened new PGR positions and 70 closed out — a net gain of 145 holders — while 550 added to existing stakes and 513 trimmed.

The largest buyer was Brown Advisory, adding an estimated $448M. The largest seller was Morgan Stanley, cutting an estimated $1.29B.

  • 1,459 institutional investors held Progressive (PGR) as of Q1 2024, up from 1,326 in Q4 2023.
  • Funds reported $103B of Progressive stock for Q1 2024, up 27% quarter-over-quarter.
  • 215 funds opened new Progressive positions in Q1 2024 and 70 closed out, a net change of +145 holders.
  • The largest Progressive buyer in Q1 2024 was Brown Advisory, an estimated $448M added.
  • The largest Progressive seller in Q1 2024 was Morgan Stanley, an estimated $1.29B sold.

Based on aggregated 13F filings for Q1 2024.