Progressive
PGR
1,170 hedge funds and large institutions have $70.4B invested in Progressive in 2023 Q3 according to their latest regulatory filings, with 108 funds opening new positions, 436 increasing their positions, 457 reducing their positions, and 101 closing their positions.
104% more call options, than puts
Call options by funds: $574M | Put options by funds: $281M
11% more funds holding in top 10
Funds holding in top 10: 38 → 42 (+4)
7% more capital invested
Capital invested by funds: $65.9B → $70.4B (+$4.44B)
1.14% more ownership
Funds ownership: 85.05% → 86.18% (+1.1%)
7% more first-time investments, than exits
New positions opened: 108 | Existing positions closed: 101
1% less funds holding
Funds holding: 1,179 → 1,170 (-9)
5% less repeat investments, than reductions
Existing positions increased: 436 | Existing positions reduced: 457
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$395M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$351M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$241M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$210M |
| 5 |
BlackRock
New York
|
+$206M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$766M |
| 2 |
GQG Partners
Ft. Lauderdale,
Florida
|
-$285M |
| 3 |
State Street
Boston,
Massachusetts
|
-$142M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
-$124M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$118M |
PGR Hedge Fund Activity: Q3 2023 in Review
1,170 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q3 2023, worth a combined $70.4B — up 6.7% from $65.9B a quarter earlier.
Buyers outnumbered sellers: 108 funds opened new PGR positions and 101 closed out — a net gain of 7 holders — while 436 added to existing stakes and 457 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $395M. The largest seller was Fidelity Investments, cutting an estimated $766M.
- 1,170 institutional investors held Progressive (PGR) as of Q3 2023, down from 1,179 in Q2 2023.
- Funds reported $70.4B of Progressive stock for Q3 2023, up 6.7% quarter-over-quarter.
- 108 funds opened new Progressive positions in Q3 2023 and 101 closed out, a net change of +7 holders.
- The largest Progressive buyer in Q3 2023 was JP Morgan Chase, an estimated $395M added.
- The largest Progressive seller in Q3 2023 was Fidelity Investments, an estimated $766M sold.
Based on aggregated 13F filings for Q3 2023.