Progressive
PGR
444 hedge funds and large institutions have $12.1B invested in Progressive in 2014 Q4 according to their latest regulatory filings, with 53 funds opening new positions, 165 increasing their positions, 154 reducing their positions, and 30 closing their positions.
273% more call options, than puts
Call options by funds: $7.33M | Put options by funds: $1.96M
77% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 30
29% more funds holding in top 10
Funds holding in top 10: 7 → 9 (+2)
7% more capital invested
Capital invested by funds: $11.3B → $12.1B (+$825M)
4% more funds holding
Funds holding: 426 → 444 (+18)
7% more repeat investments, than reductions
Existing positions increased: 165 | Existing positions reduced: 154
0.62% more ownership
Funds ownership: 75.77% → 76.38% (+0.62%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$192M |
| 2 |
Primecap Management
Pasadena,
California
|
+$126M |
| 3 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
+$91.3M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
+$58.9M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$42.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$307M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$112M |
| 3 |
BBHC
Brown Brothers Harriman & Co
New York
|
-$51.3M |
| 4 |
Two Sigma Investments
New York
|
-$49.3M |
| 5 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
-$40M |
PGR Hedge Fund Activity: Q4 2014 in Review
444 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q4 2014, worth a combined $12.1B — up 7.3% from $11.3B a quarter earlier.
Buyers outnumbered sellers: 53 funds opened new PGR positions and 30 closed out — a net gain of 23 holders — while 165 added to existing stakes and 154 trimmed.
The largest buyer was Capital Research Global Investors, adding an estimated $192M. The largest seller was Morgan Stanley, cutting an estimated $307M.
- 444 institutional investors held Progressive (PGR) as of Q4 2014, up from 426 in Q3 2014.
- Funds reported $12.1B of Progressive stock for Q4 2014, up 7.3% quarter-over-quarter.
- 53 funds opened new Progressive positions in Q4 2014 and 30 closed out, a net change of +23 holders.
- The largest Progressive buyer in Q4 2014 was Capital Research Global Investors, an estimated $192M added.
- The largest Progressive seller in Q4 2014 was Morgan Stanley, an estimated $307M sold.
Based on aggregated 13F filings for Q4 2014.