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Progressive

613 hedge funds and large institutions have $20.5B invested in Progressive in 2017 Q2 according to their latest regulatory filings, with 75 funds opening new positions, 229 increasing their positions, 216 reducing their positions, and 41 closing their positions.

New
Increased
Maintained
Reduced
Closed

83% more first-time investments, than exits

New positions opened: 75 | Existing positions closed: 41

14% more capital invested

Capital invested by funds: $18.1B → $20.5B (+$2.45B)

5% more funds holding

Funds holding: 583613 (+30)

6% more repeat investments, than reductions

Existing positions increased: 229 | Existing positions reduced: 216

0.68% more ownership

Funds ownership: 79.4%80.09% (+0.68%)

22% less funds holding in top 10

Funds holding in top 10: 2318 (-5)

51% less call options, than puts

Call options by funds: $27.7M | Put options by funds: $56.3M

Holders
613
Holders Change
+30
Holders Change %
+5.15%
% of All Funds
15.28%
Holding in Top 10
18
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-21.74%
% of All Funds
0.45%
New
75
Increased
229
Reduced
216
Closed
41
Calls
$27.7M
Puts
$56.3M
Net Calls
-$28.6M
Net Calls Change
+$20.8M
Name Holding Trade Value Shares
Change
Change in
Stake
Deutsche Bank
26
Deutsche Bank
Germany
$170M -$15.3M -367,998 -9%
TCM
27
TimesSquare Capital Management
New York
$169M -$32.3M -776,765 -17%
Fidelity Investments
28
Fidelity Investments
Massachusetts
$166M -$36.6M -881,739 -19%
Norges Bank
29
Norges Bank
Norway
$161M +$77.1M +1,857,476 +104%
MCI
30
McDonald Capital Investors
California
$159M -$879K -21,153 -0.6%
LCOV
31
London Company of Virginia
Virginia
$154M -$5.86M -141,067 -4%
D.E. Shaw & Co
32
D.E. Shaw & Co
New York
$143M +$63.2M +1,521,003 +88%
Legal & General Group
33
Legal & General Group
United Kingdom
$138M +$12.1M +290,746 +10%
Renaissance Technologies
34
Renaissance Technologies
New York
$136M +$16.6M +400,700 +15%
Bank of Montreal
35
Bank of Montreal
Ontario, Canada
$123M +$86.5M +2,082,834 +294%
VOYA Investment Management
36
VOYA Investment Management
Georgia
$118M +$92.7M +2,231,956 +515%
CB
37
Cooke & Bieler
Pennsylvania
$110M -$27M -651,257 -21%
AQR Capital Management
38
AQR Capital Management
Connecticut
$107M -$4.59M -110,625 -4%
Dimensional Fund Advisors
39
Dimensional Fund Advisors
Texas
$100M -$1.36M -32,845 -1%
Lord, Abbett & Co
40
Lord, Abbett & Co
New Jersey
$97.7M +$4.38M +105,577 +5%
Swiss National Bank
41
Swiss National Bank
Switzerland
$93.6M +$2.74M +65,900 +3%
CIM
42
Confluence Investment Management
Missouri
$92.5M +$802K +19,312 +0.9%
TSW
43
Thompson Siegel & Walmsley
Virginia
$90.6M -$10.8M -260,321 -11%
Arrowstreet Capital
44
Arrowstreet Capital
Massachusetts
$89.5M +$3.7M +89,070 +5%
Charles Schwab
45
Charles Schwab
California
$88.7M +$3.85M +92,656 +5%
HFS
46
HL Financial Services
Kentucky
$88.1M +$1.32M +31,781 +2%
JWBC
47
John W. Bristol & Co
New York
$81.3M -$9.57M -230,439 -11%
UBS AM
48
UBS AM
Illinois
$80.1M +$8.31M +200,023 +12%
Alyeska Investment Group
49
Alyeska Investment Group
Illinois
$78.2M +$19.6M +471,937 +36%
Mackenzie Financial
50
Mackenzie Financial
Ontario, Canada
$76.9M +$5.22M +125,788 +8%

PGR Hedge Fund Activity: Q2 2017 in Review

613 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q2 2017, worth a combined $20.5B — up 14% from $18.1B a quarter earlier.

Buyers outnumbered sellers: 75 funds opened new PGR positions and 41 closed out — a net gain of 34 holders — while 229 added to existing stakes and 216 trimmed.

The largest buyer was Janus Henderson Group, adding an estimated $266M. The largest seller was Brown Brothers Harriman & Co, cutting an estimated $302M.

  • 613 institutional investors held Progressive (PGR) as of Q2 2017, up from 583 in Q1 2017.
  • Funds reported $20.5B of Progressive stock for Q2 2017, up 14% quarter-over-quarter.
  • 75 funds opened new Progressive positions in Q2 2017 and 41 closed out, a net change of +34 holders.
  • The largest Progressive buyer in Q2 2017 was Janus Henderson Group, an estimated $266M added.
  • The largest Progressive seller in Q2 2017 was Brown Brothers Harriman & Co, an estimated $302M sold.

Based on aggregated 13F filings for Q2 2017.