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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
DMBA
876
Deseret Mutual Benefit Administrators
Utah
$329K +$4.29K +32 +1%
OWM
877
Orgel Wealth Management
Wisconsin
$325K
GC
878
Gilbert & Cook
Iowa
$325K +$29.5K +220 +10%
RDWM
879
Red Door Wealth Management
Tennessee
$322K +$326K +2,431 New
SIA
880
Strategic Investment Advisors
Michigan
$322K +$326K +2,430 New
GL
881
Graypoint LLC
New York
$321K -$57.1K -426 -15%
AC
882
Allstate Corporation
Illinois
$319K
VFA
883
Valeo Financial Advisors
Indiana
$317K -$145K -1,085 -31%
FFA
884
First Foundation Advisors
California
$317K +$63.3K +472 +25%
FHA
885
Flagship Harbor Advisors
Massachusetts
$315K +$47.6K +355 +18%
SCM
886
Stonehearth Capital Management
Massachusetts
$315K
CGA
887
Crescent Grove Advisors
Illinois
$309K +$10.9K +81 +4%
RIA
888
Regal Investment Advisors
Michigan
$307K -$67.6K -504 -18%
CA
889
Cortland Associates
Missouri
$307K
WA
890
Waddell & Associates
Tennessee
$306K +$310K +2,309 New
ACM
891
Allred Capital Management
Texas
$305K +$938 +7 +0.3%
FNBOSM
892
First National Bank of South Miami
Florida
$302K -$61.3K -457 -17%
MWM
893
Modera Wealth Management
New Jersey
$301K +$305K +2,274 New
BC
894
Bridgefront Capital
Texas
$300K +$304K +2,264 New
GIA
895
Gateway Investment Advisers
Ohio
$299K -$15.1K -113 -5%
PP
896
PDS Planning
Ohio
$299K +$10.1K +75 +3%
OTPPB
897
Ontario Teachers' Pension Plan Board
Ontario, Canada
$297K -$427M -3,187,024 -100%
CA
898
Continuum Advisory
Idaho
$297K +$24.9K +186 +9%
HFM
899
Hartford Funds Management
Pennsylvania
$296K +$300K +2,237 New
SWM
900
Stockman Wealth Management
Montana
$295K -$8.45K -63 -3%

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.