Progressive
PGR
612 hedge funds and large institutions have $22.6B invested in Progressive in 2017 Q3 according to their latest regulatory filings, with 59 funds opening new positions, 224 increasing their positions, 220 reducing their positions, and 56 closing their positions.
358% more call options, than puts
Call options by funds: $245M | Put options by funds: $53.5M
11% more funds holding in top 10
Funds holding in top 10: 18 → 20 (+2)
10% more capital invested
Capital invested by funds: $20.5B → $22.6B (+$2.07B)
5% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 56
2% more repeat investments, than reductions
Existing positions increased: 224 | Existing positions reduced: 220
0.11% more ownership
Funds ownership: 80.09% → 80.2% (+0.11%)
0% less funds holding
Funds holding: 613 → 612 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VOYA Investment Management
Atlanta,
Georgia
|
+$145M |
| 2 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$129M |
| 3 |
Bank of New York Mellon
New York
|
+$126M |
| 4 |
Janus Henderson Group
London,
United Kingdom
|
+$121M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$105M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LP
Longview Partners
St Peter Port,
Guernsey
|
-$629M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$80M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$72.2M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$70.6M |
| 5 |
Primecap Management
Pasadena,
California
|
-$69.7M |
PGR Hedge Fund Activity: Q3 2017 in Review
612 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q3 2017, worth a combined $22.6B — up 10% from $20.5B a quarter earlier.
Buyers outnumbered sellers: 59 funds opened new PGR positions and 56 closed out — a net gain of 3 holders — while 224 added to existing stakes and 220 trimmed.
The largest buyer was VOYA Investment Management, adding an estimated $145M. The largest seller was Longview Partners, cutting an estimated $629M.
- 612 institutional investors held Progressive (PGR) as of Q3 2017, down from 613 in Q2 2017.
- Funds reported $22.6B of Progressive stock for Q3 2017, up 10% quarter-over-quarter.
- 59 funds opened new Progressive positions in Q3 2017 and 56 closed out, a net change of +3 holders.
- The largest Progressive buyer in Q3 2017 was VOYA Investment Management, an estimated $145M added.
- The largest Progressive seller in Q3 2017 was Longview Partners, an estimated $629M sold.
Based on aggregated 13F filings for Q3 2017.