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Progressive

546 hedge funds and large institutions have $16.4B invested in Progressive in 2016 Q4 according to their latest regulatory filings, with 90 funds opening new positions, 173 increasing their positions, 207 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

210% more first-time investments, than exits

New positions opened: 90 | Existing positions closed: 29

70% more funds holding in top 10

Funds holding in top 10: 1017 (+7)

17% more capital invested

Capital invested by funds: $14B → $16.4B (+$2.37B)

11% more funds holding

Funds holding: 491546 (+55)

2.75% more ownership

Funds ownership: 76.98%79.73% (+2.7%)

16% less repeat investments, than reductions

Existing positions increased: 173 | Existing positions reduced: 207

23% less call options, than puts

Call options by funds: $13M | Put options by funds: $17M

Holders
546
Holders Change
+55
Holders Change %
+11.2%
% of All Funds
13.65%
Holding in Top 10
17
Holding in Top 10 Change
+7
Holding in Top 10 Change %
+70%
% of All Funds
0.42%
New
90
Increased
173
Reduced
207
Closed
29
Calls
$13M
Puts
$17M
Net Calls
-$3.95M
Net Calls Change
+$2.74M
Name Holding Trade Value Shares
Change
Change in
Stake
USAA
76
United Services Automobile Association
Texas
$37.3M +$6.25M +189,036 +22%
Asset Management One
77
Asset Management One
Japan
$37.3M +$30.9M +932,992 +796%
RhumbLine Advisers
78
RhumbLine Advisers
Massachusetts
$36.7M +$4.02M +121,478 +13%
LCM
79
Lomas Capital Management
New York
$35M -$5.5M -166,205 -14%
TA
80
Teachers Advisors
New York
$34.6M -$2.65M -80,011 -8%
New York State Teachers Retirement System (NYSTRS)
81
New York State Teachers Retirement System (NYSTRS)
New York
$34M -$215K -6,501 -0.7%
VCAM
82
Van Cleef Asset Management
Ohio
$33.7M +$1.68M +50,766 +6%
IC
83
Inverness Counsel
New York
$32.7M -$3.69M -111,675 -11%
PI
84
PGGM Investments
Netherlands
$32.6M -$550K -16,625 -2%
Marshall Wace
85
Marshall Wace
United Kingdom
$32.6M +$25.6M +774,911 +540%
Handelsbanken Fonder
86
Handelsbanken Fonder
Sweden
$29.8M +$661K +20,000 +2%
Adage Capital Partners
87
Adage Capital Partners
Massachusetts
$29.3M -$380K -11,500 -1%
Prudential Financial
88
Prudential Financial
New Jersey
$29.3M -$13.4M -405,740 -33%
State Board of Administration of Florida Retirement System
89
State Board of Administration of Florida Retirement System
Florida
$29.2M -$703K -21,270 -3%
EARNEST Partners
90
EARNEST Partners
Georgia
$28.8M -$2.59M -78,370 -9%
Parnassus Investments
91
Parnassus Investments
California
$28.4M +$9.92M +300,000 +60%
BJ
92
BlackRock Japan
Japan
$28.3M +$403K +12,199 +2%
Caisse de Depot et Placement du Quebec (CDPQ)
93
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$28M -$675K -20,400 -3%
UIM
94
USS Investment Management
United Kingdom
$26.7M +$19M +574,000 +325%
Ameriprise
95
Ameriprise
Minnesota
$26.5M +$16.8M +509,262 +214%
First Trust Advisors
96
First Trust Advisors
Illinois
$26.3M -$4.52M -136,746 -16%
CWM
97
CIBC World Markets
New York
$26.3M +$24.5M +739,794 New
TD Asset Management
98
TD Asset Management
Ontario, Canada
$25.9M -$1.13M -34,229 -4%
Citigroup
99
Citigroup
New York
$25.8M +$10M +302,592 +71%
Morgan Stanley
100
Morgan Stanley
New York
$25.2M +$3.82M +115,416 +19%

PGR Hedge Fund Activity: Q4 2016 in Review

546 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q4 2016, worth a combined $16.4B — up 17% from $14B a quarter earlier.

Buyers outnumbered sellers: 90 funds opened new PGR positions and 29 closed out — a net gain of 61 holders — while 173 added to existing stakes and 207 trimmed.

The largest buyer was AllianceBernstein, adding an estimated $288M. The largest seller was Capital Research Global Investors, cutting an estimated $313M.

  • 546 institutional investors held Progressive (PGR) as of Q4 2016, up from 491 in Q3 2016.
  • Funds reported $16.4B of Progressive stock for Q4 2016, up 17% quarter-over-quarter.
  • 90 funds opened new Progressive positions in Q4 2016 and 29 closed out, a net change of +61 holders.
  • The largest Progressive buyer in Q4 2016 was AllianceBernstein, an estimated $288M added.
  • The largest Progressive seller in Q4 2016 was Capital Research Global Investors, an estimated $313M sold.

Based on aggregated 13F filings for Q4 2016.