Progressive
PGR
1,003 hedge funds and large institutions have $47.4B invested in Progressive in 2021 Q2 according to their latest regulatory filings, with 86 funds opening new positions, 404 increasing their positions, 363 reducing their positions, and 67 closing their positions.
28% more first-time investments, than exits
New positions opened: 86 | Existing positions closed: 67
11% more repeat investments, than reductions
Existing positions increased: 404 | Existing positions reduced: 363
1.15% more ownership
Funds ownership: 82.22% → 83.38% (+1.2%)
1% more funds holding
Funds holding: 992 → 1,003 (+11)
4% more capital invested
Capital invested by funds: $45.6B → $47.4B (+$1.82B)
17% less call options, than puts
Call options by funds: $152M | Put options by funds: $182M
20% less funds holding in top 10
Funds holding in top 10: 35 → 28 (-7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$406M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$406M |
| 3 |
LCOV
London Company of Virginia
Richmond,
Virginia
|
+$200M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$172M |
| 5 |
Capital World Investors
Los Angeles,
California
|
+$93.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$236M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$222M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$180M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$100M |
| 5 |
APG Asset Management
Amsterdam,
Netherlands
|
-$99.1M |
PGR Hedge Fund Activity: Q2 2021 in Review
1,003 of the 5,746 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q2 2021, worth a combined $47.4B — up 4% from $45.6B a quarter earlier.
Buyers outnumbered sellers: 86 funds opened new PGR positions and 67 closed out — a net gain of 19 holders — while 404 added to existing stakes and 363 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $406M. The largest seller was Invesco, cutting an estimated $236M.
- 1,003 institutional investors held Progressive (PGR) as of Q2 2021, up from 992 in Q1 2021.
- Funds reported $47.4B of Progressive stock for Q2 2021, up 4% quarter-over-quarter.
- 86 funds opened new Progressive positions in Q2 2021 and 67 closed out, a net change of +19 holders.
- The largest Progressive buyer in Q2 2021 was JP Morgan Chase, an estimated $406M added.
- The largest Progressive seller in Q2 2021 was Invesco, an estimated $236M sold.
Based on aggregated 13F filings for Q2 2021.