Progressive
PGR
1,083 hedge funds and large institutions have $57.8B invested in Progressive in 2022 Q2 according to their latest regulatory filings, with 103 funds opening new positions, 356 increasing their positions, 454 reducing their positions, and 70 closing their positions.
47% more first-time investments, than exits
New positions opened: 103 | Existing positions closed: 70
26% more funds holding in top 10
Funds holding in top 10: 47 → 59 (+12)
13% more call options, than puts
Call options by funds: $171M | Put options by funds: $152M
1% more funds holding
Funds holding: 1,068 → 1,083 (+15)
1.34% more ownership
Funds ownership: 84.26% → 85.59% (+1.3%)
4% more capital invested
Capital invested by funds: $55.6B → $57.8B (+$2.14B)
22% less repeat investments, than reductions
Existing positions increased: 356 | Existing positions reduced: 454
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$1.06B |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$946M |
| 3 |
Morgan Stanley
New York
|
+$286M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
+$240M |
| 5 |
JP Morgan Chase
New York
|
+$219M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$285M |
| 2 |
State Street
Boston,
Massachusetts
|
-$244M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$231M |
| 4 |
Capital World Investors
Los Angeles,
California
|
-$209M |
| 5 |
BWA
Brave Warrior Advisors
New York
|
-$194M |
PGR Hedge Fund Activity: Q2 2022 in Review
1,083 of the 5,937 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q2 2022, worth a combined $57.8B — up 3.9% from $55.6B a quarter earlier.
Buyers outnumbered sellers: 103 funds opened new PGR positions and 70 closed out — a net gain of 33 holders — while 356 added to existing stakes and 454 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $1.06B. The largest seller was BlackRock, cutting an estimated $285M.
- 1,083 institutional investors held Progressive (PGR) as of Q2 2022, up from 1,068 in Q1 2022.
- Funds reported $57.8B of Progressive stock for Q2 2022, up 3.9% quarter-over-quarter.
- 103 funds opened new Progressive positions in Q2 2022 and 70 closed out, a net change of +33 holders.
- The largest Progressive buyer in Q2 2022 was T. Rowe Price Associates, an estimated $1.06B added.
- The largest Progressive seller in Q2 2022 was BlackRock, an estimated $285M sold.
Based on aggregated 13F filings for Q2 2022.