Progressive
PGR
1,056 hedge funds and large institutions have $49.6B invested in Progressive in 2021 Q4 according to their latest regulatory filings, with 163 funds opening new positions, 362 increasing their positions, 390 reducing their positions, and 72 closing their positions.
126% more first-time investments, than exits
New positions opened: 163 | Existing positions closed: 72
40% more funds holding in top 10
Funds holding in top 10: 25 → 35 (+10)
13% more capital invested
Capital invested by funds: $44B → $49.6B (+$5.67B)
7% more funds holding
Funds holding: 983 → 1,056 (+73)
0.54% more ownership
Funds ownership: 83.84% → 84.38% (+0.54%)
7% less repeat investments, than reductions
Existing positions increased: 362 | Existing positions reduced: 390
16% less call options, than puts
Call options by funds: $193M | Put options by funds: $228M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$421M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$224M |
| 3 |
BlackRock
New York
|
+$133M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
+$115M |
| 5 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
+$97.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Boston Partners
Boston,
Massachusetts
|
-$220M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$189M |
| 3 |
PG
Pendal Group
Sydney,
Australia
|
-$150M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$76.7M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$71.1M |
PGR Hedge Fund Activity: Q4 2021 in Review
1,056 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q4 2021, worth a combined $49.6B — up 13% from $44B a quarter earlier.
Buyers outnumbered sellers: 163 funds opened new PGR positions and 72 closed out — a net gain of 91 holders — while 362 added to existing stakes and 390 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $421M. The largest seller was Boston Partners, cutting an estimated $220M.
- 1,056 institutional investors held Progressive (PGR) as of Q4 2021, up from 983 in Q3 2021.
- Funds reported $49.6B of Progressive stock for Q4 2021, up 13% quarter-over-quarter.
- 163 funds opened new Progressive positions in Q4 2021 and 72 closed out, a net change of +91 holders.
- The largest Progressive buyer in Q4 2021 was JP Morgan Chase, an estimated $421M added.
- The largest Progressive seller in Q4 2021 was Boston Partners, an estimated $220M sold.
Based on aggregated 13F filings for Q4 2021.