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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
LWCFA
376
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$63K -$4.96K -200 -8%
SAMC
377
Shinko Asset Management Company
Japan
$61K – – –
NYLT
378
New York Life Trust
New York
$60K +$58.4K +2,357 New
LBG
379
Lloyds Banking Group
United Kingdom
$54K -$3.97M -160,084 -99%
IMS
380
Index Management Solutions
Pennsylvania
$52K -$16.4K -661 -24%
Teacher Retirement System of Texas
381
Teacher Retirement System of Texas
Texas
$52K +$50.6K +2,041 New
Northwestern Mutual Wealth Management
382
Northwestern Mutual Wealth Management
Wisconsin
$48K -$6.24K -252 -12%
NYLIM
383
New York Life Investment Management
New York
$48K – – –
HCC
384
Hirtle Callaghan & Co
Pennsylvania
$46K – – –
CLOS
385
Compagnie Lombard Odier SCmA
Switzerland
$45K – – –
LOAMS
386
Lombard Odier Asset Management (Switzerland)
Switzerland
$45K +$44K +1,775 New
Lazard Asset Management
387
Lazard Asset Management
New York
$42K – – –
TCOV
388
Trust Company of Vermont
Vermont
$38K +$4.46K +180 +14%
DBT
389
Dubuque Bank & Trust
Iowa
$32K +$31.3K +1,265 New
1IC
390
1919 Investment Counsel
Maryland
$31K -$7.43K -300 -20%
Creative Planning
391
Creative Planning
Kansas
$30K – – –
TC
392
TradeLink Capital
Illinois
$30K +$29.7K +1,200 New
NSIM
393
North Star Investment Management
Illinois
$28K – – –
MAM
394
Mizuho Asset Management
Japan
$25K – – –
WTC
395
WhitTier Trust Company
Nevada
$25K – – –
WA
396
WFG Advisors
Texas
$24K – – –
ST
397
Smithfield Trust
Pennsylvania
$21K – – –
CWM
398
Cranbrook Wealth Management
Michigan
$20K – – –
WTB
399
Washington Trust Bank
Washington
$20K – – –
IPC
400
Independent Portfolio Consultants
Florida
$19K +$18.6K +749 New
14 15
16
17 18

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.