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Progressive

546 hedge funds and large institutions have $16.4B invested in Progressive in 2016 Q4 according to their latest regulatory filings, with 90 funds opening new positions, 173 increasing their positions, 207 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

210% more first-time investments, than exits

New positions opened: 90 | Existing positions closed: 29

70% more funds holding in top 10

Funds holding in top 10: 1017 (+7)

17% more capital invested

Capital invested by funds: $14B → $16.4B (+$2.37B)

11% more funds holding

Funds holding: 491546 (+55)

2.75% more ownership

Funds ownership: 76.98%79.73% (+2.7%)

16% less repeat investments, than reductions

Existing positions increased: 173 | Existing positions reduced: 207

23% less call options, than puts

Call options by funds: $13M | Put options by funds: $17M

Holders
546
Holders Change
+55
Holders Change %
+11.2%
% of All Funds
13.65%
Holding in Top 10
17
Holding in Top 10 Change
+7
Holding in Top 10 Change %
+70%
% of All Funds
0.42%
New
90
Increased
173
Reduced
207
Closed
29
Calls
$13M
Puts
$17M
Net Calls
-$3.95M
Net Calls Change
+$2.74M
Name Holding Trade Value Shares
Change
Change in
Stake
Sumitomo Mitsui Trust Group
51
Sumitomo Mitsui Trust Group
Japan
$60.5M -$6.15M -186,057 -10%
AI
52
Ariel Investments
Illinois
$60.2M -$170K -5,137 -0.3%
Swiss National Bank
53
Swiss National Bank
Switzerland
$57.4M
New York State Common Retirement Fund
54
New York State Common Retirement Fund
New York
$56.3M +$2.05M +62,000 +4%
ClearBridge Investments
55
ClearBridge Investments
New York
$54.7M +$13.6M +411,052 +36%
GC
56
Guggenheim Capital
Illinois
$53.6M +$16.3M +493,765 +49%
UBS AM
57
UBS AM
Illinois
$52.1M +$870K +26,322 +2%
Bank of America
58
Bank of America
North Carolina
$52M -$7.95M -240,382 -14%
ECA
59
Endeavour Capital Advisors
Connecticut
$51.7M +$4.32M +130,750 +10%
Russell Investments Group
60
Russell Investments Group
United Kingdom
$50.9M +$47.4M +1,432,606 New
California Public Employees Retirement System
61
California Public Employees Retirement System
California
$50.8M -$5.72M -173,000 -11%
OCM
62
Osterweis Capital Management
California
$48.3M +$45M +1,361,635 New
BIM
63
BlackRock Investment Management
Delaware
$47.2M +$1.77M +53,415 +4%
PAM
64
Panagora Asset Management
Massachusetts
$46.7M +$1.34M +40,542 +3%
Bank of Montreal
65
Bank of Montreal
Ontario, Canada
$46.5M -$2.31M -69,826 -5%
CS
66
Credit Suisse
Switzerland
$46M +$5.71M +172,732 +15%
EVM
67
Eaton Vance Management
Massachusetts
$45.6M +$4.96K +150 +0%
California State Teachers Retirement System (CalSTRS)
68
California State Teachers Retirement System (CalSTRS)
California
$44.1M -$1.06M -32,000 -3%
BlackRock
69
BlackRock
New York
$43.7M +$1.93M +58,361 +5%
Mitsubishi UFJ Trust & Banking
70
Mitsubishi UFJ Trust & Banking
Japan
$41.9M -$999K -30,202 -2%
Alyeska Investment Group
71
Alyeska Investment Group
Illinois
$41.3M +$16.5M +498,502 +75%
SC
72
Samlyn Capital
New York
$40.5M +$37.7M +1,140,500 New
PPA
73
Parametric Portfolio Associates
Washington
$39.3M -$1.23M -37,136 -3%
GC
74
Gillson Capital
Illinois
$39.3M +$36.6M +1,107,943 New
DekaBank Deutsche Girozentrale
75
DekaBank Deutsche Girozentrale
Germany
$38M +$4.2M +127,000 +13%

PGR Hedge Fund Activity: Q4 2016 in Review

546 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q4 2016, worth a combined $16.4B — up 17% from $14B a quarter earlier.

Buyers outnumbered sellers: 90 funds opened new PGR positions and 29 closed out — a net gain of 61 holders — while 173 added to existing stakes and 207 trimmed.

The largest buyer was AllianceBernstein, adding an estimated $288M. The largest seller was Capital Research Global Investors, cutting an estimated $313M.

  • 546 institutional investors held Progressive (PGR) as of Q4 2016, up from 491 in Q3 2016.
  • Funds reported $16.4B of Progressive stock for Q4 2016, up 17% quarter-over-quarter.
  • 90 funds opened new Progressive positions in Q4 2016 and 29 closed out, a net change of +61 holders.
  • The largest Progressive buyer in Q4 2016 was AllianceBernstein, an estimated $288M added.
  • The largest Progressive seller in Q4 2016 was Capital Research Global Investors, an estimated $313M sold.

Based on aggregated 13F filings for Q4 2016.