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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
FM
851
Family Management
New York
$380K +$385K +2,874 New
PWP
852
Phillips Wealth Planners
Mississippi
$380K +$16.5K +123 +4%
DT
853
Diversified Trust
Tennessee
$371K -$97.7K -729 -21%
WFI
854
West Family Investments
California
$366K -$18.4K -137 -5%
MM
855
MQS Management
New York
$366K +$370K +2,763 New
PCS
856
Personal CFO Solutions
New Jersey
$364K -$7.91K -59 -2%
CFGS
857
Concourse Financial Group Securities
Alabama
$363K +$26K +194 +8%
TSWM
858
Tyler-Stone Wealth Management
Ohio
$363K +$368K +2,743 New
Wolverine Trading
859
Wolverine Trading
Illinois
$362K +$368K +2,744 New
SYBT
860
Stock Yards Bank & Trust
Kentucky
$362K -$26.8K -200 -7%
LNC
861
Lincoln National Corp
Pennsylvania
$355K +$127K +944 +54%
AR
862
Advisory Research
Illinois
$354K +$358K +2,672 New
WCWM
863
Willow Creek Wealth Management
California
$354K +$1.07K +8 +0.3%
AAIS
864
ABN AMRO Investment Solutions
$352K
9WM
865
9258 Wealth Management
Ohio
$352K
Verition Fund Management
866
Verition Fund Management
Connecticut
$352K -$185K -1,381 -34%
LAS
867
LWM Advisory Services
Florida
$352K
TCOV
868
Trust Company of Vermont
Vermont
$351K -$26.7K -199 -7%
IAS
869
Insigneo Advisory Services
Florida
$350K +$76.5K +571 +28%
1WA
870
180 Wealth Advisors
Washington
$349K -$135K -1,005 -28%
AIA
871
Angeles Investment Advisors
California
$348K -$165K -1,232 -32%
BW
872
Bison Wealth
Georgia
$346K +$350K +2,611 New
SM
873
Sciencast Management
New Jersey
$339K +$347K +2,589 New
STCG
874
Speece Thorson Capital Group
Minnesota
$332K -$26.8K -200 -7%
TFS
875
Thoroughbred Financial Services
Tennessee
$329K

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.