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Progressive

1,179 hedge funds and large institutions have $65.9B invested in Progressive in 2023 Q2 according to their latest regulatory filings, with 116 funds opening new positions, 395 increasing their positions, 505 reducing their positions, and 117 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more call options, than puts

Call options by funds: $258M | Put options by funds: $180M

0.49% less ownership

Funds ownership: 85.54%85.05% (-0.49%)

1% less funds holding

Funds holding: 1,1871,179 (-8)

1% less first-time investments, than exits

New positions opened: 116 | Existing positions closed: 117

8% less capital invested

Capital invested by funds: $71.6B → $65.9B (-$5.7B)

22% less repeat investments, than reductions

Existing positions increased: 395 | Existing positions reduced: 505

34% less funds holding in top 10

Funds holding in top 10: 5838 (-20)

Holders
1,179
Holders Change
-8
Holders Change %
-0.67%
% of All Funds
18.51%
Holding in Top 10
38
Holding in Top 10 Change
-20
Holding in Top 10 Change %
-34.48%
% of All Funds
0.6%
New
116
Increased
395
Reduced
505
Closed
117
Calls
$258M
Puts
$180M
Net Calls
+$78.9M
Net Calls Change
+$82.5M
Name Holding Trade Value Shares
Change
Change in
Stake
TBC
401
Tweedy, Browne Co
Connecticut
$4.57M
OSAM
402
O'Shaughnessy Asset Management
Connecticut
$4.52M -$645K -4,812 -12%
CPA
403
Capital Planning Advisors
California
$4.52M +$132K +982 +3%
CBT
404
Central Bank & Trust
Kentucky
$4.49M +$38.2K +285 +0.8%
IMRF
405
Illinois Municipal Retirement Fund
Illinois
$4.49M
QC
406
Quadrature Capital
United Kingdom
$4.47M +$1.84M +13,719 +69%
JF
407
Jump Financial
Illinois
$4.45M +$4.5M +33,582 New
CAN
408
Cetera Advisor Networks
California
$4.42M +$481K +3,587 +12%
CAPTRUST Financial Advisors
409
CAPTRUST Financial Advisors
North Carolina
$4.42M +$79K +589 +2%
KC
410
Kingfisher Capital
North Carolina
$4.4M -$147K -1,095 -3%
Mercer Global Advisors
411
Mercer Global Advisors
Colorado
$4.32M -$3.84M -28,658 -47%
BHPW
412
Beverly Hills Private Wealth
California
$4.31M +$1.35M +10,105 +42%
VAS
413
Vestmark Advisory Solutions
Massachusetts
$4.27M -$1.07M -8,004 -20%
GCMG
414
Gyroscope Capital Management Group
Florida
$4.25M -$154K -1,150 -3%
TA
415
Tectonic Advisors
Texas
$4.24M +$410K +3,058 +11%
CGH
416
Crossmark Global Holdings
Texas
$4.21M -$72.8K -543 -2%
PCM
417
Parsons Capital Management
Rhode Island
$4.18M -$16K -119 -0.4%
PP
418
Prudential plc
United Kingdom
$4.15M -$1.06M -7,888 -20%
MYIA
419
Mount Yale Investment Advisors
Colorado
$4.13M +$150K +1,119 +4%
SC
420
Sepio Capital
Utah
$4.02M -$2.13M -15,903 -34%
API
421
Advisor Partners II
California
$4M +$351K +2,616 +9%
Walleye Trading
422
Walleye Trading
New York
$3.9M -$5.27M -39,329 -57%
AC
423
Annandale Capital
Texas
$3.87M
SWS
424
SYSTM Wealth Solutions
Illinois
$3.83M +$44.6K +333 +1%
GL
425
GHE LLC
Tennessee
$3.8M +$18.9K +141 +0.5%

PGR Hedge Fund Activity: Q2 2023 in Review

1,179 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q2 2023, worth a combined $65.9B — down 8% from $71.6B a quarter earlier.

Sellers outnumbered buyers: 117 funds closed out of PGR and 116 opened new positions — a net loss of 1 holder — while 505 trimmed existing stakes and 395 added.

The largest buyer was Janus Henderson Group, adding an estimated $435M. The largest seller was DZ Bank, cutting an estimated $449M.

  • 1,179 institutional investors held Progressive (PGR) as of Q2 2023, down from 1,187 in Q1 2023.
  • Funds reported $65.9B of Progressive stock for Q2 2023, down 8% quarter-over-quarter.
  • 116 funds opened new Progressive positions in Q2 2023 and 117 closed out, a net change of -1 holder.
  • The largest Progressive buyer in Q2 2023 was Janus Henderson Group, an estimated $435M added.
  • The largest Progressive seller in Q2 2023 was DZ Bank, an estimated $449M sold.

Based on aggregated 13F filings for Q2 2023.