Progressive
PGR
983 hedge funds and large institutions have $44B invested in Progressive in 2021 Q3 according to their latest regulatory filings, with 85 funds opening new positions, 380 increasing their positions, 375 reducing their positions, and 89 closing their positions.
62% more call options, than puts
Call options by funds: $195M | Put options by funds: $121M
1% more repeat investments, than reductions
Existing positions increased: 380 | Existing positions reduced: 375
0.46% more ownership
Funds ownership: 83.38% → 83.84% (+0.46%)
4% less first-time investments, than exits
New positions opened: 85 | Existing positions closed: 89
2% less funds holding
Funds holding: 1,002 → 983 (-19)
7% less capital invested
Capital invested by funds: $47.4B → $44B (-$3.48B)
11% less funds holding in top 10
Funds holding in top 10: 28 → 25 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$430M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$374M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$288M |
| 4 |
Amundi
Paris,
France
|
+$103M |
| 5 |
Bank of New York Mellon
New York
|
+$85.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$258M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$179M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$146M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$123M |
| 5 |
GQG Partners
Ft. Lauderdale,
Florida
|
-$121M |
PGR Hedge Fund Activity: Q3 2021 in Review
983 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q3 2021, worth a combined $44B — down 7.3% from $47.4B a quarter earlier.
Sellers outnumbered buyers: 89 funds closed out of PGR and 85 opened new positions — a net loss of 4 holders — while 375 trimmed existing stakes and 380 added.
The largest buyer was Orbis Allan Gray, opening a new position worth an estimated $430M. The largest seller was Invesco, cutting an estimated $258M.
- 983 institutional investors held Progressive (PGR) as of Q3 2021, down from 1,002 in Q2 2021.
- Funds reported $44B of Progressive stock for Q3 2021, down 7.3% quarter-over-quarter.
- 85 funds opened new Progressive positions in Q3 2021 and 89 closed out, a net change of -4 holders.
- The largest Progressive buyer in Q3 2021 was Orbis Allan Gray, an estimated $430M added.
- The largest Progressive seller in Q3 2021 was Invesco, an estimated $258M sold.
Based on aggregated 13F filings for Q3 2021.