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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
BFS
801
Bradley Foster & Sargent
Connecticut
$468K -$6.03K -45 -1%
VFA
802
Voya Financial Advisors
Connecticut
$468K +$250K +1,864 +111%
QI
803
Qtron Investments
Massachusetts
$466K
CFG
804
Cooper Financial Group
California
$463K +$62.7K +468 +15%
BCM
805
BlueMar Capital Management
Florida
$463K -$32.2K -240 -6%
MFG
806
Merit Financial Group
Georgia
$462K +$11.8K +88 +3%
PAM
807
Peak Asset Management
Colorado
$461K
IAA
808
Independent Advisor Alliance
North Carolina
$461K -$32.3K -241 -6%
NAS
809
Nicolet Advisory Services
Wisconsin
$458K +$164K +1,227 +54%
PCG
810
Prosperity Consulting Group
Maryland
$455K -$12.5K -93 -3%
SWM
811
Seed Wealth Management
Illinois
$455K
AWM
812
Axxcess Wealth Management
California
$454K +$460K +3,431 New
PSC
813
Prentiss Smith & Co
Vermont
$454K
MG
814
Mather Group
Illinois
$452K -$697K -5,197 -60%
GRP
815
Global Retirement Partners
California
$452K -$6.03K -45 -1%
NB
816
Northwest Bancshares
Pennsylvania
$446K
HSA
817
HBK Sorce Advisory
Pennsylvania
$444K +$162K +1,210 +56%
NC
818
NewSquare Capital
Pennsylvania
$439K +$20.1K +150 +5%
MA
819
Mutual Advisors
Nebraska
$437K +$15K +112 +4%
WS
820
Wedbush Securities
California
$437K +$54.4K +406 +14%
IAIM
821
International Assets Investment Management
Florida
$436K +$87.7K +654 +25%
IWM
822
IHT Wealth Management
Illinois
$434K +$82.2K +613 +23%
SC
823
Scotia Capital
Ontario, Canada
$433K +$24.5K +183 +6%
CFFP
824
Center for Financial Planning
Michigan
$432K
FCP
825
Fidelis Capital Partners
Florida
$431K +$40K +298 +10%

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.