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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
LNWTC
926
Laird Norton Wetherby Trust Company
Washington
$255K
SF
927
Synovus Financial
Georgia
$253K -$29.6K -221 -10%
BC
928
Bartlett & Co
Ohio
$253K +$239K +1,786 +1,429%
BCWM
929
Bartlett & Co Wealth Management
Ohio
$253K +$239K +1,786 +1,429%
IF
930
Intrua Financial
Texas
$251K -$46.1K -344 -15%
MA
931
MCF Advisors
Kentucky
$251K
JCM
932
J2 Capital Management
Michigan
$251K +$9.12K +68 +4%
TPM
933
Triasima Portfolio Management
Quebec, Canada
$247K -$184K -1,371 -49%
CAMG
934
CWA Asset Management Group
Florida
$247K +$22.5K +168 +10%
E
935
Ergoteles
New York
$246K +$249K +1,858 New
CWM
936
Curi Wealth Management
North Carolina
$245K -$134 -1 -0.1%
JWS
937
Juncture Wealth Strategies
Arizona
$243K -$18.8K -140 -7%
SWM
938
Spire Wealth Management
Virginia
$243K -$7.16M -53,433 -97%
CIP
939
Convergence Investment Partners
Florida
$243K -$12.2K -91 -5%
BWP
940
Bernardo Wealth Planning
Pennsylvania
$243K +$268 +2 +0.1%
PCP
941
Proficio Capital Partners
Massachusetts
$242K -$14.6K -109 -6%
First Manhattan
942
First Manhattan
New York
$241K
KC
943
Knuff & Co
California
$240K
T
944
TCWP
Ohio
$240K -$127K -945 -34%
HIA
945
Harbor Investment Advisory
Maryland
$239K -$3.22K -24 -1%
FHA
946
First Horizon Advisors
Tennessee
$237K +$9.12K +68 +4%
CS
947
Comerica Securities
Michigan
$235K +$48.1K +359 +25%
PA
948
Procyon Advisors
Connecticut
$235K +$238K +1,774 New
PWMAG
949
Pinnacle Wealth Management Advisory Group
New Jersey
$235K -$41K -306 -15%
DWM
950
Drive Wealth Management
Utah
$234K +$24.9K +186 +12%

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.