Progressive
PGR
672 hedge funds and large institutions have $26.3B invested in Progressive in 2017 Q4 according to their latest regulatory filings, with 105 funds opening new positions, 234 increasing their positions, 231 reducing their positions, and 42 closing their positions.
150% more first-time investments, than exits
New positions opened: 105 | Existing positions closed: 42
17% more capital invested
Capital invested by funds: $22.6B → $26.3B (+$3.76B)
10% more funds holding in top 10
Funds holding in top 10: 20 → 22 (+2)
10% more funds holding
Funds holding: 612 → 672 (+60)
1% more repeat investments, than reductions
Existing positions increased: 234 | Existing positions reduced: 231
0.49% more ownership
Funds ownership: 80.2% → 80.69% (+0.49%)
34% less call options, than puts
Call options by funds: $35M | Put options by funds: $52.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$166M |
| 2 |
Goldman Sachs
New York
|
+$94M |
| 3 |
BlackRock
New York
|
+$90.2M |
| 4 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$63.7M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$59.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LP
Longview Partners
St Peter Port,
Guernsey
|
-$296M |
| 2 |
Millennium Management
New York
|
-$59.8M |
| 3 |
William Blair Investment Management
Chicago,
Illinois
|
-$58.9M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$55.9M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$53.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
IR
701
Invictus RG
Hamilton,
Bermuda
| – | -$376K | -7,764 | Closed |
|
|
GCP
702
GSA Capital Partners
London,
United Kingdom
| – | -$375K | -7,736 | Closed |
|
703
DZ Bank
Frankfurt Am Main,
Germany
| – | -$276K | -5,700 | Closed |
|
|
B
704
Bailard
Foster City,
California
| – | -$227K | -4,683 | Closed |
|
|
DTL
705
Dynamic Technology Lab
Singapore
| – | -$213K | -4,400 | Closed |
|
|
DLA
706
Douglas Lane & Associates
New York
| – | -$206K | -4,250 | Closed |
|
|
FIM
707
Foresters Investment Management
New York
| – | -$160K | -3,297 | Closed |
|
|
ZB
708
Zions Bancorporation
Salt Lake City,
Utah
| – | -$36K | -735 | Closed |
|
|
TDC
709
Thompson Davis & Co
Richmond,
Virginia
| – | -$19K | -389 | Closed |
|
|
BONST
710
Bank of Nova Scotia Trust
Toronto,
Ontario, Canada
| – | -$10K | -214 | Closed |
|
|
NFG
711
Next Financial Group
Houston,
Texas
| – | -$5K | -100 | Closed |
|
|
AC
712
Alexandria Capital
Arlington,
Virginia
| – | -$3K | -59 | Closed |
|
|
CTB
713
Country Trust Bank
Bloomington,
Illinois
| – | -$3K | -59 | Closed |
|
PGR Hedge Fund Activity: Q4 2017 in Review
672 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q4 2017, worth a combined $26.3B — up 17% from $22.6B a quarter earlier.
Buyers outnumbered sellers: 105 funds opened new PGR positions and 42 closed out — a net gain of 63 holders — while 234 added to existing stakes and 231 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $166M. The largest seller was Longview Partners, exiting entirely with an estimated $296M sold.
- 672 institutional investors held Progressive (PGR) as of Q4 2017, up from 612 in Q3 2017.
- Funds reported $26.3B of Progressive stock for Q4 2017, up 17% quarter-over-quarter.
- 105 funds opened new Progressive positions in Q4 2017 and 42 closed out, a net change of +63 holders.
- The largest Progressive buyer in Q4 2017 was JP Morgan Chase, an estimated $166M added.
- The largest Progressive seller in Q4 2017 was Longview Partners, an estimated $296M sold.
Based on aggregated 13F filings for Q4 2017.