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Progressive
PGR

1,459 hedge funds and large institutions have $103B invested in Progressive in 2024 Q1 according to their latest regulatory filings, with 215 funds opening new positions, 550 increasing their positions, 513 reducing their positions, and 70 closing their positions.

New
Increased
Maintained
Reduced
Closed

207% more first-time investments, than exits

New positions opened: 215 | Existing positions closed: 70

51% more call options, than puts

Call options by funds: $611M | Put options by funds: $406M

49% more funds holding in top 10

Funds holding in top 10: 45 → 67 (+22)

27% more capital invested

Capital invested by funds: $81.2B → $103B (+$22.1B)

10% more funds holding

Funds holding: 1,326 → 1,459 (+133)

7% more repeat investments, than reductions

Existing positions increased: 550 | Existing positions reduced: 513

1.72% less ownership

Funds ownership: 87.11% → 85.39% (-1.7%)

Holders
1,459
Holders Change
+133
Holders Change %
+10.03%
% of All Funds
21.02%
Holding in Top 10
67
Holding in Top 10 Change
+22
Holding in Top 10 Change %
+48.89%
% of All Funds
0.97%
New
215
Increased
550
Reduced
513
Closed
70
Calls
$611M
Puts
$406M
Net Calls
+$206M
Net Calls Change
+$70M

Top Buyers

Rank Fund Capital Flow
1
Brown Advisory
Brown Advisory
Maryland
+$448M
2
Bank of America
Bank of America
North Carolina
+$328M
3
BlackRock
BlackRock
New York
+$313M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$305M
5
Fidelity Investments
Fidelity Investments
Massachusetts
+$299M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.29B
2
JP Morgan Chase
JP Morgan Chase
New York
-$928M
3
Wellington Management Group
Wellington Management Group
Massachusetts
-$678M
4
Viking Global Investors
Viking Global Investors
Connecticut
-$525M
5
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$348M
Name Holding Trade Value Shares
Change 		Change in
Stake
CF
751
Centaurus Financial
California
$1.31M -$548K -2,951 -32%
SPC
752
Sigma Planning Corp
Michigan
$1.31M +$759K +4,092 +182%
RI
753
Rinkey Investments
California
$1.31M – – –
PA
754
Procyon Advisors
Connecticut
$1.3M -$18.7K -101 -2%
Focus Partners Wealth
755
Focus Partners Wealth
Massachusetts
$1.3M +$620K +3,340 +114%
WW
756
Waterfront Wealth
Kansas
$1.29M -$402K -2,164 -26%
CI
757
Cigna Investments
Connecticut
$1.28M -$8.72K -47 -0.8%
TWC
758
TD Waterhouse Canada
Ontario, Canada
$1.27M +$85.2K +459 +9%
NP
759
Nilsine Partners
Colorado
$1.26M -$10.2K -55 -0.9%
ACM
760
AlphaStar Capital Management
North Carolina
$1.25M -$500K -2,693 -31%
MS
761
Maven Securities
Jersey
$1.24M +$1.12M +6,012 New
PCIA
762
Prime Capital Investment Advisors
Kansas
$1.24M +$38K +205 +4%
GA
763
Geller Advisors
New York
$1.23M +$692K +3,732 +167%
LC
764
Lindbrook Capital
California
$1.23M -$557 -3 -0.1%
HAG
765
HighPoint Advisor Group
Illinois
$1.23M +$19.7K +106 +2%
PFS
766
Prospera Financial Services
Texas
$1.22M +$90.5K +488 +9%
ETC
767
Exchange Traded Concepts
Oklahoma
$1.22M +$209K +1,129 +24%
SAM
768
Summit Asset Management
Tennessee
$1.22M – – –
TC
769
TAGStone Capital
North Carolina
$1.21M +$557 +3 +0.1%
TIAA Trust, National Association
770
TIAA Trust, National Association
North Carolina
$1.19M -$2.6K -14 -0.2%
ADL
771
Asset Dedication LLC
California
$1.19M – – –
RIA
772
Realta Investment Advisors
Delaware
$1.18M +$28.2K +152 +3%
WPC
773
Wedmont Private Capital
Pennsylvania
$1.18M +$59.9K +323 +6%
A
774
AlphaQuest
New York
$1.17M +$880K +4,742 +505%
PIC
775
PCJ Investment Counsel
Ontario, Canada
$1.17M +$1.05M +5,660 New
29 30
31
32 33

PGR Hedge Fund Activity: Q1 2024 in Review

1,459 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q1 2024, worth a combined $103B — up 27% from $81.2B a quarter earlier.

Buyers outnumbered sellers: 215 funds opened new PGR positions and 70 closed out — a net gain of 145 holders — while 550 added to existing stakes and 513 trimmed.

The largest buyer was Brown Advisory, adding an estimated $448M. The largest seller was Morgan Stanley, cutting an estimated $1.29B.

  • 1,459 institutional investors held Progressive (PGR) as of Q1 2024, up from 1,326 in Q4 2023.
  • Funds reported $103B of Progressive stock for Q1 2024, up 27% quarter-over-quarter.
  • 215 funds opened new Progressive positions in Q1 2024 and 70 closed out, a net change of +145 holders.
  • The largest Progressive buyer in Q1 2024 was Brown Advisory, an estimated $448M added.
  • The largest Progressive seller in Q1 2024 was Morgan Stanley, an estimated $1.29B sold.

Based on aggregated 13F filings for Q1 2024.