Progressive
PGR
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.
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: 1,187 → 1,179 (-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: 58 → 38 (-20)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
United Kingdom
|
+$435M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$351M |
| 3 |
MG
Meritage Group
San Francisco,
California
|
+$233M |
| 4 |
JP Morgan Chase
New York
|
+$185M |
| 5 |
Brown Advisory
Baltimore,
Maryland
|
+$158M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DZ Bank
Frankfurt Am Main,
Germany
|
-$449M |
| 2 |
OTPPB
Ontario Teachers' Pension Plan Board
Toronto,
Ontario, Canada
|
-$427M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$290M |
| 4 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$260M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$194M |
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.