Progressive
PGR
950 hedge funds and large institutions have $45.7B invested in Progressive in 2020 Q3 according to their latest regulatory filings, with 104 funds opening new positions, 334 increasing their positions, 367 reducing their positions, and 61 closing their positions.
70% more first-time investments, than exits
New positions opened: 104 | Existing positions closed: 61
19% more capital invested
Capital invested by funds: $38.5B → $45.7B (+$7.21B)
10% more funds holding in top 10
Funds holding in top 10: 42 → 46 (+4)
4% more funds holding
Funds holding: 916 → 950 (+34)
9% more call options, than puts
Call options by funds: $145M | Put options by funds: $133M
0.58% more ownership
Funds ownership: 82.11% → 82.7% (+0.58%)
9% less repeat investments, than reductions
Existing positions increased: 334 | Existing positions reduced: 367
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GQG Partners
Ft. Lauderdale,
Florida
|
+$302M |
| 2 |
GT
Glenmede Trust
Philadelphia,
Pennsylvania
|
+$232M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
+$184M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$183M |
| 5 |
ECU
Egerton Capital (UK)
London,
United Kingdom
|
+$142M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$189M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$158M |
| 3 |
MWA
Marshall Wace Asia
Central,
Hong Kong
|
-$153M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$122M |
| 5 |
Renaissance Technologies
New York
|
-$103M |
PGR Hedge Fund Activity: Q3 2020 in Review
950 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q3 2020, worth a combined $45.7B — up 19% from $38.5B a quarter earlier.
Buyers outnumbered sellers: 104 funds opened new PGR positions and 61 closed out — a net gain of 43 holders — while 334 added to existing stakes and 367 trimmed.
The largest buyer was GQG Partners, opening a new position worth an estimated $302M. The largest seller was T. Rowe Price Associates, cutting an estimated $189M.
- 950 institutional investors held Progressive (PGR) as of Q3 2020, up from 916 in Q2 2020.
- Funds reported $45.7B of Progressive stock for Q3 2020, up 19% quarter-over-quarter.
- 104 funds opened new Progressive positions in Q3 2020 and 61 closed out, a net change of +43 holders.
- The largest Progressive buyer in Q3 2020 was GQG Partners, an estimated $302M added.
- The largest Progressive seller in Q3 2020 was T. Rowe Price Associates, an estimated $189M sold.
Based on aggregated 13F filings for Q3 2020.