Progressive
PGR
489 hedge funds and large institutions have $16.3B invested in Progressive in 2015 Q3 according to their latest regulatory filings, with 65 funds opening new positions, 189 increasing their positions, 153 reducing their positions, and 33 closing their positions.
1,845% more call options, than puts
Call options by funds: $86.3M | Put options by funds: $4.44M
97% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 33
67% more funds holding in top 10
Funds holding in top 10: 9 → 15 (+6)
26% more capital invested
Capital invested by funds: $12.9B → $16.3B (+$3.34B)
24% more repeat investments, than reductions
Existing positions increased: 189 | Existing positions reduced: 153
6% more funds holding
Funds holding: 460 → 489 (+29)
0.95% more ownership
Funds ownership: 79.44% → 80.38% (+0.95%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VAM
Vontobel Asset Management
New York
|
+$143M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$64.6M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$55.2M |
| 4 |
UBS AM
Chicago,
Illinois
|
+$48.4M |
| 5 |
State Street
Boston,
Massachusetts
|
+$42.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$63.1M |
| 2 |
JP Morgan Chase
New York
|
-$56.6M |
| 3 |
BBHC
Brown Brothers Harriman & Co
New York
|
-$54M |
| 4 |
Pzena Investment Management
New York
|
-$51.7M |
| 5 |
Diamond Hill Capital Management
Columbus,
Ohio
|
-$47.1M |
PGR Hedge Fund Activity: Q3 2015 in Review
489 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q3 2015, worth a combined $16.3B — up 26% from $12.9B a quarter earlier.
Buyers outnumbered sellers: 65 funds opened new PGR positions and 33 closed out — a net gain of 32 holders — while 189 added to existing stakes and 153 trimmed.
The largest buyer was Vontobel Asset Management, opening a new position worth an estimated $143M. The largest seller was Artisan Partners, cutting an estimated $63.1M.
- 489 institutional investors held Progressive (PGR) as of Q3 2015, up from 460 in Q2 2015.
- Funds reported $16.3B of Progressive stock for Q3 2015, up 26% quarter-over-quarter.
- 65 funds opened new Progressive positions in Q3 2015 and 33 closed out, a net change of +32 holders.
- The largest Progressive buyer in Q3 2015 was Vontobel Asset Management, an estimated $143M added.
- The largest Progressive seller in Q3 2015 was Artisan Partners, an estimated $63.1M sold.
Based on aggregated 13F filings for Q3 2015.