Progressive
PGR
583 hedge funds and large institutions have $18.1B invested in Progressive in 2017 Q1 according to their latest regulatory filings, with 80 funds opening new positions, 214 increasing their positions, 204 reducing their positions, and 35 closing their positions.
129% more first-time investments, than exits
New positions opened: 80 | Existing positions closed: 35
35% more funds holding in top 10
Funds holding in top 10: 17 → 23 (+6)
10% more capital invested
Capital invested by funds: $16.4B → $18.1B (+$1.65B)
7% more funds holding
Funds holding: 546 → 583 (+37)
5% more repeat investments, than reductions
Existing positions increased: 214 | Existing positions reduced: 204
0.32% less ownership
Funds ownership: 79.73% → 79.4% (-0.32%)
75% less call options, than puts
Call options by funds: $16.3M | Put options by funds: $65.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$1.32B |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$74.8M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$74M |
| 4 |
TCM
TimesSquare Capital Management
New York
|
+$73.9M |
| 5 |
Goldman Sachs
New York
|
+$60.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BBHC
Brown Brothers Harriman & Co
New York
|
-$213M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$182M |
| 3 |
Diamond Hill Capital Management
Columbus,
Ohio
|
-$176M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$79.4M |
| 5 |
VFA
Virtus Fund Advisers
Hartford,
Connecticut
|
-$70.1M |
PGR Hedge Fund Activity: Q1 2017 in Review
583 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q1 2017, worth a combined $18.1B — up 10% from $16.4B a quarter earlier.
Buyers outnumbered sellers: 80 funds opened new PGR positions and 35 closed out — a net gain of 45 holders — while 214 added to existing stakes and 204 trimmed.
The largest buyer was BlackRock, adding an estimated $1.32B. The largest seller was Brown Brothers Harriman & Co, cutting an estimated $213M.
- 583 institutional investors held Progressive (PGR) as of Q1 2017, up from 546 in Q4 2016.
- Funds reported $18.1B of Progressive stock for Q1 2017, up 10% quarter-over-quarter.
- 80 funds opened new Progressive positions in Q1 2017 and 35 closed out, a net change of +45 holders.
- The largest Progressive buyer in Q1 2017 was BlackRock, an estimated $1.32B added.
- The largest Progressive seller in Q1 2017 was Brown Brothers Harriman & Co, an estimated $213M sold.
Based on aggregated 13F filings for Q1 2017.