Progressive
PGR
1,524 hedge funds and large institutions have $103B invested in Progressive in 2024 Q2 according to their latest regulatory filings, with 157 funds opening new positions, 632 increasing their positions, 515 reducing their positions, and 72 closing their positions.
118% more first-time investments, than exits
New positions opened: 157 | Existing positions closed: 72
29% more call options, than puts
Call options by funds: $543M | Put options by funds: $422M
23% more repeat investments, than reductions
Existing positions increased: 632 | Existing positions reduced: 515
4% more funds holding
Funds holding: 1,460 → 1,524 (+64)
0% less capital invested
Capital invested by funds: $103B → $103B (-$75.2M)
0.48% less ownership
Funds ownership: 85.39% → 84.91% (-0.48%)
3% less funds holding in top 10
Funds holding in top 10: 67 → 65 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
+$792M |
| 2 |
ECU
Egerton Capital (UK)
London,
United Kingdom
|
+$323M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
+$259M |
| 4 |
UBS AM
Chicago,
Illinois
|
+$247M |
| 5 |
Two Sigma Advisers
New York
|
+$233M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$1.64B |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.32B |
| 3 |
Amundi
Paris,
France
|
-$321M |
| 4 |
Janus Henderson Group
London,
United Kingdom
|
-$191M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
-$182M |
PGR Hedge Fund Activity: Q2 2024 in Review
1,524 of the 6,925 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q2 2024, worth a combined $103B — down 0.07% from $103B a quarter earlier.
Buyers outnumbered sellers: 157 funds opened new PGR positions and 72 closed out — a net gain of 85 holders — while 632 added to existing stakes and 515 trimmed.
The largest buyer was Jennison Associates, adding an estimated $792M. The largest seller was JP Morgan Chase, cutting an estimated $1.64B.
- 1,524 institutional investors held Progressive (PGR) as of Q2 2024, up from 1,460 in Q1 2024.
- Funds reported $103B of Progressive stock for Q2 2024, down 0.07% quarter-over-quarter.
- 157 funds opened new Progressive positions in Q2 2024 and 72 closed out, a net change of +85 holders.
- The largest Progressive buyer in Q2 2024 was Jennison Associates, an estimated $792M added.
- The largest Progressive seller in Q2 2024 was JP Morgan Chase, an estimated $1.64B sold.
Based on aggregated 13F filings for Q2 2024.