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Progressive

1,179 hedge funds and large institutions have $65.9B invested in Progressive in 2023 Q2 according to their latest regulatory filings, with 116 funds opening new positions, 395 increasing their positions, 505 reducing their positions, and 117 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more call options, than puts

Call options by funds: $258M | Put options by funds: $180M

0.49% less ownership

Funds ownership: 85.54%85.05% (-0.49%)

1% less funds holding

Funds holding: 1,1871,179 (-8)

1% less first-time investments, than exits

New positions opened: 116 | Existing positions closed: 117

8% less capital invested

Capital invested by funds: $71.6B → $65.9B (-$5.7B)

22% less repeat investments, than reductions

Existing positions increased: 395 | Existing positions reduced: 505

34% less funds holding in top 10

Funds holding in top 10: 5838 (-20)

Holders
1,179
Holders Change
-8
Holders Change %
-0.67%
% of All Funds
18.51%
Holding in Top 10
38
Holding in Top 10 Change
-20
Holding in Top 10 Change %
-34.48%
% of All Funds
0.6%
New
116
Increased
395
Reduced
505
Closed
117
Calls
$258M
Puts
$180M
Net Calls
+$78.9M
Net Calls Change
+$82.5M
Name Holding Trade Value Shares
Change
Change in
Stake
BTWM
676
Baker Tilly Wealth Management
Wisconsin
$915K +$60.6K +452 +7%
CPC
677
Cookson Peirce & Co
Pennsylvania
$915K -$72.7K -542 -7%
VIA
678
Vident Investment Advisory
Georgia
$904K -$841K -6,275 -48%
T
679
TOBAM
France
$895K -$2.78M -20,705 -75%
CB
680
Cadence Bank
Mississippi
$893K -$10.7K -80 -1%
DP
681
Dearborn Partners
Illinois
$889K +$16.9K +126 +2%
MNBTD
682
Moody National Bank Trust Division
Texas
$885K
TAM
683
Trust Asset Management
Texas
$883K
WA
684
Wambolt & Associates
Colorado
$876K +$233K +1,735 +36%
FB
685
Fulton Bank
Pennsylvania
$870K +$136K +1,017 +18%
KAS
686
Kestra Advisory Services
Texas
$868K +$31.4K +234 +4%
BC
687
Burney Company
Virginia
$867K -$8.04K -60 -0.9%
TBC
688
Ted Buchan & Co
California
$866K +$23.2K +173 +3%
BOM
689
Bank of Marin
California
$865K +$79.1K +590 +10%
CGL
690
Clarius Group LLC
Washington
$865K -$6.17K -46 -0.7%
MCWS
691
McKinley Carter Wealth Services
West Virginia
$860K +$536 +4 +0.1%
BAM
692
Berkshire Asset Management
Pennsylvania
$857K +$88.3K +659 +11%
CCA
693
Checchi Capital Advisers
California
$853K -$4.16K -31 -0.5%
SIA
694
SkyView Investment Advisors
New Jersey
$852K +$286K +2,133 +50%
TF
695
Trek Financial
Arizona
$829K +$839K +6,261 New
TC
696
TownSquare Capital
Utah
$828K +$330K +2,461 +65%
KPWS
697
Kestra Private Wealth Services
Texas
$828K +$55.5K +414 +7%
LOAMU
698
Lombard Odier Asset Management (USA)
New York
$827K +$837K +6,244 New
RP
699
Riverwater Partners
Wisconsin
$823K +$74.4K +555 +10%
OC
700
Oppenheimer & Co
New York
$820K +$164K +1,223 +25%

PGR Hedge Fund Activity: Q2 2023 in Review

1,179 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q2 2023, worth a combined $65.9B — down 8% from $71.6B a quarter earlier.

Sellers outnumbered buyers: 117 funds closed out of PGR and 116 opened new positions — a net loss of 1 holder — while 505 trimmed existing stakes and 395 added.

The largest buyer was Janus Henderson Group, adding an estimated $435M. The largest seller was DZ Bank, cutting an estimated $449M.

  • 1,179 institutional investors held Progressive (PGR) as of Q2 2023, down from 1,187 in Q1 2023.
  • Funds reported $65.9B of Progressive stock for Q2 2023, down 8% quarter-over-quarter.
  • 116 funds opened new Progressive positions in Q2 2023 and 117 closed out, a net change of -1 holder.
  • The largest Progressive buyer in Q2 2023 was Janus Henderson Group, an estimated $435M added.
  • The largest Progressive seller in Q2 2023 was DZ Bank, an estimated $449M sold.

Based on aggregated 13F filings for Q2 2023.