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Progressive

546 hedge funds and large institutions have $16.4B invested in Progressive in 2016 Q4 according to their latest regulatory filings, with 90 funds opening new positions, 173 increasing their positions, 207 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

210% more first-time investments, than exits

New positions opened: 90 | Existing positions closed: 29

70% more funds holding in top 10

Funds holding in top 10: 1017 (+7)

17% more capital invested

Capital invested by funds: $14B → $16.4B (+$2.37B)

11% more funds holding

Funds holding: 491546 (+55)

2.75% more ownership

Funds ownership: 76.98%79.73% (+2.7%)

16% less repeat investments, than reductions

Existing positions increased: 173 | Existing positions reduced: 207

23% less call options, than puts

Call options by funds: $13M | Put options by funds: $17M

Holders
546
Holders Change
+55
Holders Change %
+11.2%
% of All Funds
13.65%
Holding in Top 10
17
Holding in Top 10 Change
+7
Holding in Top 10 Change %
+70%
% of All Funds
0.42%
New
90
Increased
173
Reduced
207
Closed
29
Calls
$13M
Puts
$17M
Net Calls
-$3.95M
Net Calls Change
+$2.74M
Name Holding Trade Value Shares
Change
Change in
Stake
BWP
476
Baldwin Wealth Partners
Massachusetts
$123K
MFS
477
MSI Financial Services
Massachusetts
$117K -$5.22K -158 -5%
CAW
478
Cornerstone Advisors (Washington)
Washington
$116K
YWP
479
YorkBridge Wealth Partners
New York
$115K +$114K +3,440 New
RFS
480
Rockefeller Financial Services
New York
$102K
Creative Planning
481
Creative Planning
Kansas
$97K -$40.8K -1,235 -31%
CFG
482
Citizens Financial Group
Rhode Island
$96K
IA
483
IFP Advisors
Florida
$95K +$794 +24 +0.9%
FNBT
484
FineMark National Bank & Trust
Florida
$92K -$8.13K -246 -9%
HI
485
Hudock Inc
Pennsylvania
$83K
PA
486
Parallel Advisors
California
$80K +$74.4K +2,250 New
GLI
487
Guardian Life Insurance
New York
$79K +$1.39K +42 +2%
LWCFA
488
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$77K
MCM
489
Manchester Capital Management
Vermont
$76K
TCOV
490
Trust Company of Vermont
Vermont
$76K
Lazard Asset Management
491
Lazard Asset Management
New York
$60K
PIA
492
Piedmont Investment Advisors
North Carolina
$58.8K +$54K +1,632 +7,096%
ST
493
Smithfield Trust
Pennsylvania
$57K -$48.6K -1,469 -47%
SFS
494
Sowell Financial Services
Arkansas
$53K +$45.5K +1,375 New
WT
495
Whittier Trust
California
$43K
PG
496
Patten Group
Tennessee
$40K
NSIM
497
North Star Investment Management
Illinois
$39K
WTC
498
WhitTier Trust Company
Nevada
$30K
EA
499
Edge Advisors
Georgia
$30K +$28.6K +866 New
CWM
500
Cranbrook Wealth Management
Michigan
$28K

PGR Hedge Fund Activity: Q4 2016 in Review

546 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q4 2016, worth a combined $16.4B — up 17% from $14B a quarter earlier.

Buyers outnumbered sellers: 90 funds opened new PGR positions and 29 closed out — a net gain of 61 holders — while 173 added to existing stakes and 207 trimmed.

The largest buyer was AllianceBernstein, adding an estimated $288M. The largest seller was Capital Research Global Investors, cutting an estimated $313M.

  • 546 institutional investors held Progressive (PGR) as of Q4 2016, up from 491 in Q3 2016.
  • Funds reported $16.4B of Progressive stock for Q4 2016, up 17% quarter-over-quarter.
  • 90 funds opened new Progressive positions in Q4 2016 and 29 closed out, a net change of +61 holders.
  • The largest Progressive buyer in Q4 2016 was AllianceBernstein, an estimated $288M added.
  • The largest Progressive seller in Q4 2016 was Capital Research Global Investors, an estimated $313M sold.

Based on aggregated 13F filings for Q4 2016.