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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
EFSCE
501
Enterprise Financial Services Corp (EFSC)
Missouri
$23K +$19.9K +602 +1,115%
AF
502
Allworth Financial
California
$21K
Canada Pension Plan Investment Board
503
Canada Pension Plan Investment Board
Ontario, Canada
$20K -$9.53M -288,300 -100%
BFEC
504
Benjamin F. Edwards & Company
Missouri
$20K
GAM
505
Gemmer Asset Management
California
$18K
CPA
506
Clear Perspective Advisors
Illinois
$18K +$16.5K +500 New
MA
507
MCF Advisors
Kentucky
$18K +$16.5K +500 New
TDC
508
Thompson Davis & Co
Virginia
$15K
Acadian Asset Management
509
Acadian Asset Management
Massachusetts
$15K +$14.3K +433 New
VCM
510
Versant Capital Management
Arizona
$13K -$794 -24 -6%
CAL
511
Capital Advisors Ltd
Ohio
$13K
GWS
512
Glassman Wealth Services
Virginia
$13K
VIA
513
Vantage Investment Advisors
Pennsylvania
$12K +$1.95K +59 +22%
CTC
514
Central Trust Company
Missouri
$11K
ZB
515
Zions Bancorporation
Utah
$10K
PFBT
516
Parkside Financial Bank & Trust
Missouri
$10K +$1.62K +49 +23%
EF
517
Empirical Finance
Pennsylvania
$10K +$8.66K +262 New
TFO
518
Tarbox Family Office
California
$8K
TWA
519
TCI Wealth Advisors
Arizona
$8K +$926 +28 +15%
SPIA
520
Steward Partners Investment Advisory
New York
$8K +$8.23K +249 New
FMII
521
Farmers & Merchants Investments Inc
Nebraska
$7K
QCG
522
Quadrant Capital Group
Ohio
$7K
SIC
523
Salem Investment Counselors
North Carolina
$7K
WPA
524
West Paces Advisors
Georgia
$6.96K +$6.48K +196 New
WTB
525
Washington Trust Bank
Washington
$6K +$860 +26 +17%

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.