Progressive
PGR
992 hedge funds and large institutions have $45.6B invested in Progressive in 2021 Q1 according to their latest regulatory filings, with 98 funds opening new positions, 401 increasing their positions, 371 reducing their positions, and 84 closing their positions.
17% more first-time investments, than exits
New positions opened: 98 | Existing positions closed: 84
3% more funds holding in top 10
Funds holding in top 10: 34 → 35 (+1)
8% more repeat investments, than reductions
Existing positions increased: 401 | Existing positions reduced: 371
1% more funds holding
Funds holding: 986 → 992 (+6)
0.16% more ownership
Funds ownership: 82.06% → 82.22% (+0.16%)
4% less capital invested
Capital invested by funds: $47.5B → $45.6B (-$1.84B)
29% less call options, than puts
Call options by funds: $104M | Put options by funds: $145M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$755M |
| 2 |
Capital World Investors
Los Angeles,
California
|
+$156M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$151M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$137M |
| 5 |
BlackRock
New York
|
+$126M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$387M |
| 2 |
GQG Partners
Ft. Lauderdale,
Florida
|
-$301M |
| 3 |
ECU
Egerton Capital (UK)
London,
United Kingdom
|
-$298M |
| 4 |
Janus Henderson Group
London,
United Kingdom
|
-$223M |
| 5 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
-$135M |
PGR Hedge Fund Activity: Q1 2021 in Review
992 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q1 2021, worth a combined $45.6B — down 3.9% from $47.5B a quarter earlier.
Buyers outnumbered sellers: 98 funds opened new PGR positions and 84 closed out — a net gain of 14 holders — while 401 added to existing stakes and 371 trimmed.
The largest buyer was Massachusetts Financial Services, adding an estimated $755M. The largest seller was Wellington Management Group, cutting an estimated $387M.
- 992 institutional investors held Progressive (PGR) as of Q1 2021, up from 986 in Q4 2020.
- Funds reported $45.6B of Progressive stock for Q1 2021, down 3.9% quarter-over-quarter.
- 98 funds opened new Progressive positions in Q1 2021 and 84 closed out, a net change of +14 holders.
- The largest Progressive buyer in Q1 2021 was Massachusetts Financial Services, an estimated $755M added.
- The largest Progressive seller in Q1 2021 was Wellington Management Group, an estimated $387M sold.
Based on aggregated 13F filings for Q1 2021.