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Progressive

1,459 hedge funds and large institutions have $103B invested in Progressive in 2024 Q1 according to their latest regulatory filings, with 215 funds opening new positions, 550 increasing their positions, 513 reducing their positions, and 70 closing their positions.

New
Increased
Maintained
Reduced
Closed

207% more first-time investments, than exits

New positions opened: 215 | Existing positions closed: 70

51% more call options, than puts

Call options by funds: $611M | Put options by funds: $406M

49% more funds holding in top 10

Funds holding in top 10: 4567 (+22)

27% more capital invested

Capital invested by funds: $81.2B → $103B (+$22.1B)

10% more funds holding

Funds holding: 1,3261,459 (+133)

7% more repeat investments, than reductions

Existing positions increased: 550 | Existing positions reduced: 513

1.72% less ownership

Funds ownership: 87.11%85.39% (-1.7%)

Holders
1,459
Holders Change
+133
Holders Change %
+10.03%
% of All Funds
21.02%
Holding in Top 10
67
Holding in Top 10 Change
+22
Holding in Top 10 Change %
+48.89%
% of All Funds
0.97%
New
215
Increased
550
Reduced
513
Closed
70
Calls
$611M
Puts
$406M
Net Calls
+$206M
Net Calls Change
+$70M
Name Holding Trade Value Shares
Change
Change in
Stake
Bessemer Group
576
Bessemer Group
New Jersey
$3.09M +$458K +2,467 +20%
BSW
577
Buckingham Strategic Wealth
Missouri
$3.07M -$54K -291 -2%
NIM
578
NEOS Investment Management
Connecticut
$3.04M +$1.19M +6,438 +78%
BHPW
579
Beverly Hills Private Wealth
California
$3.04M -$212K -1,140 -7%
CFSG
580
Community Financial Services Group
Vermont
$2.98M +$2.67M +14,400 New
TSS
581
Two Sigma Securities
New York
$2.97M -$6.37M -34,353 -71%
NAM
582
NorthCrest Asset Manangement
Minnesota
$2.95M +$59.9K +323 +2%
CFC
583
Coyle Financial Counsel
Illinois
$2.94M -$170K -917 -6%
SWA
584
ShankerValleau Wealth Advisors
Illinois
$2.9M
WAP
585
Wealthcare Advisory Partners
Pennsylvania
$2.89M +$2.33M +12,546 +883%
3IP
586
3Chopt Investment Partners
Virginia
$2.88M -$172K -928 -6%
DCM
587
Donaldson Capital Management
Indiana
$2.86M +$28.2K +152 +1%
MYAM
588
Meiji Yasuda Asset Management
Japan
$2.84M -$2.8M -15,095 -52%
NCGI
589
Next Century Growth Investors
Minnesota
$2.83M +$34K +183 +1%
HCA
590
Harbor Capital Advisors
Illinois
$2.83M -$1.72M -9,274 -40%
MC
591
Maren Capital
Illinois
$2.8M
BPA
592
Beacon Pointe Advisors
California
$2.79M -$142K -768 -5%
MWM
593
Mission Wealth Management
California
$2.77M +$194K +1,046 +8%
SW
594
Simplicity Wealth
New Jersey
$2.76M +$2.47M +13,324 New
MCM
595
Monument Capital Management
Virginia
$2.75M +$1.99M +10,706 +414%
AAS
596
Avantax Advisory Services
Texas
$2.71M +$72.2K +389 +3%
NMM
597
Naples Money Management
Florida
$2.71M -$92.8K -500 -4%
BHCM
598
Brevan Howard Capital Management
Jersey
$2.7M -$1.18M -6,339 -33%
FCM
599
FJ Capital Management
Virginia
$2.65M +$586K +3,159 +33%
LA
600
Lindenwold Advisors
Pennsylvania
$2.64M -$39K -210 -2%

PGR Hedge Fund Activity: Q1 2024 in Review

1,459 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q1 2024, worth a combined $103B — up 27% from $81.2B a quarter earlier.

Buyers outnumbered sellers: 215 funds opened new PGR positions and 70 closed out — a net gain of 145 holders — while 550 added to existing stakes and 513 trimmed.

The largest buyer was Brown Advisory, adding an estimated $448M. The largest seller was Morgan Stanley, cutting an estimated $1.29B.

  • 1,459 institutional investors held Progressive (PGR) as of Q1 2024, up from 1,326 in Q4 2023.
  • Funds reported $103B of Progressive stock for Q1 2024, up 27% quarter-over-quarter.
  • 215 funds opened new Progressive positions in Q1 2024 and 70 closed out, a net change of +145 holders.
  • The largest Progressive buyer in Q1 2024 was Brown Advisory, an estimated $448M added.
  • The largest Progressive seller in Q1 2024 was Morgan Stanley, an estimated $1.29B sold.

Based on aggregated 13F filings for Q1 2024.