Progressive
PGR
756 hedge funds and large institutions have $27.9B invested in Progressive in 2018 Q2 according to their latest regulatory filings, with 85 funds opening new positions, 314 increasing their positions, 232 reducing their positions, and 48 closing their positions.
77% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 48
35% more repeat investments, than reductions
Existing positions increased: 314 | Existing positions reduced: 232
25% more funds holding in top 10
Funds holding in top 10: 24 → 30 (+6)
5% more funds holding
Funds holding: 722 → 756 (+34)
0.06% more ownership
Funds ownership: 81.28% → 81.34% (+0.06%)
3% less capital invested
Capital invested by funds: $28.8B → $27.9B (-$871M)
39% less call options, than puts
Call options by funds: $34.3M | Put options by funds: $56.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$188M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$170M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$98.7M |
| 4 |
Millennium Management
New York
|
+$97.9M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$78.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$655M |
| 2 |
VOYA Investment Management
Atlanta,
Georgia
|
-$152M |
| 3 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
-$149M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$88M |
| 5 |
TCIM
TIAA CREF Investment Management
New York
|
-$83.3M |
PGR Hedge Fund Activity: Q2 2018 in Review
756 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q2 2018, worth a combined $27.9B — down 3% from $28.8B a quarter earlier.
Buyers outnumbered sellers: 85 funds opened new PGR positions and 48 closed out — a net gain of 37 holders — while 314 added to existing stakes and 232 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $188M. The largest seller was Capital Research Global Investors, cutting an estimated $655M.
- 756 institutional investors held Progressive (PGR) as of Q2 2018, up from 722 in Q1 2018.
- Funds reported $27.9B of Progressive stock for Q2 2018, down 3% quarter-over-quarter.
- 85 funds opened new Progressive positions in Q2 2018 and 48 closed out, a net change of +37 holders.
- The largest Progressive buyer in Q2 2018 was Citadel Advisors, an estimated $188M added.
- The largest Progressive seller in Q2 2018 was Capital Research Global Investors, an estimated $655M sold.
Based on aggregated 13F filings for Q2 2018.