Progressive
PGR
516 hedge funds and large institutions have $15.6B invested in Progressive in 2016 Q1 according to their latest regulatory filings, with 62 funds opening new positions, 200 increasing their positions, 188 reducing their positions, and 36 closing their positions.
72% more first-time investments, than exits
New positions opened: 62 | Existing positions closed: 36
69% more call options, than puts
Call options by funds: $19.2M | Put options by funds: $11.4M
60% more funds holding in top 10
Funds holding in top 10: 10 → 16 (+6)
5% more funds holding
Funds holding: 492 → 516 (+24)
6% more repeat investments, than reductions
Existing positions increased: 200 | Existing positions reduced: 188
1.48% less ownership
Funds ownership: 79.45% → 77.96% (-1.5%)
6% less capital invested
Capital invested by funds: $16.7B → $15.6B (-$1.08B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal London Asset Management
United Kingdom
|
+$145M |
| 2 |
O
OppenheimerFunds
New York
|
+$135M |
| 3 |
LCOV
London Company of Virginia
Richmond,
Virginia
|
+$69.3M |
| 4 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$63.9M |
| 5 |
Bank of New York Mellon
New York
|
+$55.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$703M |
| 2 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
-$128M |
| 3 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$127M |
| 4 |
Pzena Investment Management
New York
|
-$69.7M |
| 5 |
Morgan Stanley
New York
|
-$59.3M |
PGR Hedge Fund Activity: Q1 2016 in Review
516 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q1 2016, worth a combined $15.6B — down 6.5% from $16.7B a quarter earlier.
Buyers outnumbered sellers: 62 funds opened new PGR positions and 36 closed out — a net gain of 26 holders — while 200 added to existing stakes and 188 trimmed.
The largest buyer was Royal London Asset Management, adding an estimated $145M. The largest seller was Capital Research Global Investors, cutting an estimated $703M.
- 516 institutional investors held Progressive (PGR) as of Q1 2016, up from 492 in Q4 2015.
- Funds reported $15.6B of Progressive stock for Q1 2016, down 6.5% quarter-over-quarter.
- 62 funds opened new Progressive positions in Q1 2016 and 36 closed out, a net change of +26 holders.
- The largest Progressive buyer in Q1 2016 was Royal London Asset Management, an estimated $145M added.
- The largest Progressive seller in Q1 2016 was Capital Research Global Investors, an estimated $703M sold.
Based on aggregated 13F filings for Q1 2016.