Progressive
PGR
1,171 hedge funds and large institutions have $64.3B invested in Progressive in 2022 Q4 according to their latest regulatory filings, with 163 funds opening new positions, 403 increasing their positions, 442 reducing their positions, and 76 closing their positions.
114% more first-time investments, than exits
New positions opened: 163 | Existing positions closed: 76
9% more capital invested
Capital invested by funds: $58.8B → $64.3B (+$5.56B)
6% more funds holding
Funds holding: 1,105 → 1,171 (+66)
0.42% less ownership
Funds ownership: 85.4% → 84.99% (-0.42%)
6% less call options, than puts
Call options by funds: $221M | Put options by funds: $234M
9% less repeat investments, than reductions
Existing positions increased: 403 | Existing positions reduced: 442
12% less funds holding in top 10
Funds holding in top 10: 60 → 53 (-7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$222M |
| 2 |
Morgan Stanley
New York
|
+$173M |
| 3 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$116M |
| 4 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$113M |
| 5 |
State Street
Boston,
Massachusetts
|
+$94.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
United Kingdom
|
-$638M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$346M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$215M |
| 4 |
JP Morgan Chase
New York
|
-$165M |
| 5 |
Amundi
Paris,
France
|
-$117M |
PGR Hedge Fund Activity: Q4 2022 in Review
1,171 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q4 2022, worth a combined $64.3B — up 9.5% from $58.8B a quarter earlier.
Buyers outnumbered sellers: 163 funds opened new PGR positions and 76 closed out — a net gain of 87 holders — while 403 added to existing stakes and 442 trimmed.
The largest buyer was BlackRock, adding an estimated $222M. The largest seller was Janus Henderson Group, cutting an estimated $638M.
- 1,171 institutional investors held Progressive (PGR) as of Q4 2022, up from 1,105 in Q3 2022.
- Funds reported $64.3B of Progressive stock for Q4 2022, up 9.5% quarter-over-quarter.
- 163 funds opened new Progressive positions in Q4 2022 and 76 closed out, a net change of +87 holders.
- The largest Progressive buyer in Q4 2022 was BlackRock, an estimated $222M added.
- The largest Progressive seller in Q4 2022 was Janus Henderson Group, an estimated $638M sold.
Based on aggregated 13F filings for Q4 2022.