Progressive
PGR
722 hedge funds and large institutions have $28.8B invested in Progressive in 2018 Q1 according to their latest regulatory filings, with 107 funds opening new positions, 230 increasing their positions, 277 reducing their positions, and 47 closing their positions.
128% more first-time investments, than exits
New positions opened: 107 | Existing positions closed: 47
9% more capital invested
Capital invested by funds: $26.3B → $28.8B (+$2.43B)
9% more funds holding in top 10
Funds holding in top 10: 22 → 24 (+2)
7% more funds holding
Funds holding: 672 → 722 (+50)
9% more call options, than puts
Call options by funds: $42.5M | Put options by funds: $39.1M
0.59% more ownership
Funds ownership: 80.69% → 81.28% (+0.59%)
17% less repeat investments, than reductions
Existing positions increased: 230 | Existing positions reduced: 277
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
APG Asset Management
Amsterdam,
Netherlands
|
+$175M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$110M |
| 3 |
JP Morgan Chase
New York
|
+$93.1M |
| 4 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$85.7M |
| 5 |
Bank of New York Mellon
New York
|
+$85.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$180M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$132M |
| 3 |
Alyeska Investment Group
Chicago,
Illinois
|
-$85.5M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$84.5M |
| 5 |
TCIM
TIAA CREF Investment Management
New York
|
-$78.5M |
PGR Hedge Fund Activity: Q1 2018 in Review
722 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q1 2018, worth a combined $28.8B — up 9.2% from $26.3B a quarter earlier.
Buyers outnumbered sellers: 107 funds opened new PGR positions and 47 closed out — a net gain of 60 holders — while 230 added to existing stakes and 277 trimmed.
The largest buyer was APG Asset Management, adding an estimated $175M. The largest seller was Capital Research Global Investors, cutting an estimated $180M.
- 722 institutional investors held Progressive (PGR) as of Q1 2018, up from 672 in Q4 2017.
- Funds reported $28.8B of Progressive stock for Q1 2018, up 9.2% quarter-over-quarter.
- 107 funds opened new Progressive positions in Q1 2018 and 47 closed out, a net change of +60 holders.
- The largest Progressive buyer in Q1 2018 was APG Asset Management, an estimated $175M added.
- The largest Progressive seller in Q1 2018 was Capital Research Global Investors, an estimated $180M sold.
Based on aggregated 13F filings for Q1 2018.