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Progressive
PGR

1,171 hedge funds and large institutions have $64.3B invested in Progressive in 2022 Q4 according to their latest regulatory filings, with 163 funds opening new positions, 403 increasing their positions, 442 reducing their positions, and 76 closing their positions.

New
Increased
Maintained
Reduced
Closed

114% more first-time investments, than exits

New positions opened: 163 | Existing positions closed: 76

9% more capital invested

Capital invested by funds: $58.8B → $64.3B (+$5.56B)

6% more funds holding

Funds holding: 1,105 → 1,171 (+66)

0.42% less ownership

Funds ownership: 85.4% → 84.99% (-0.42%)

6% less call options, than puts

Call options by funds: $221M | Put options by funds: $234M

9% less repeat investments, than reductions

Existing positions increased: 403 | Existing positions reduced: 442

12% less funds holding in top 10

Funds holding in top 10: 60 → 53 (-7)

Holders
1,171
Holders Change
+66
Holders Change %
+5.97%
% of All Funds
18.82%
Holding in Top 10
53
Holding in Top 10 Change
-7
Holding in Top 10 Change %
-11.67%
% of All Funds
0.85%
New
163
Increased
403
Reduced
442
Closed
76
Calls
$221M
Puts
$234M
Net Calls
-$13.3M
Net Calls Change
-$20.1M

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$222M
2
Morgan Stanley
Morgan Stanley
New York
+$173M
3
TD Asset Management
TD Asset Management
Ontario, Canada
+$116M
4
Baird Financial Group
Baird Financial Group
Wisconsin
+$113M
5
State Street
State Street
Massachusetts
+$94.8M

Top Sellers

Rank Fund Capital Flow
1
Janus Henderson Group
Janus Henderson Group
United Kingdom
-$638M
2
Wellington Management Group
Wellington Management Group
Massachusetts
-$346M
3
Bank of America
Bank of America
North Carolina
-$215M
4
JP Morgan Chase
JP Morgan Chase
New York
-$165M
5
Amundi
Amundi
France
-$117M
Name Holding Trade Value Shares
Change 		Change in
Stake
APG Asset Management
76
APG Asset Management
Netherlands
$127M +$2.69M +21,205 +2%
SEI Investments
77
SEI Investments
Pennsylvania
$127M +$4.72M +37,227 +4%
TAM
78
Timucuan Asset Management
Florida
$126M -$22.1M -174,479 -15%
American Century Companies
79
American Century Companies
Missouri
$118M +$72.1M +569,248 +168%
Two Sigma Advisers
80
Two Sigma Advisers
New York
$117M +$66.1M +521,600 +137%
Marshall Wace
81
Marshall Wace
United Kingdom
$111M +$36.4M +287,027 +50%
JMPWA
82
JP Morgan Private Wealth Advisors
California
$111M +$13.2M +104,154 +14%
Envestnet Asset Management
83
Envestnet Asset Management
Illinois
$111M +$9.55M +75,382 +10%
Jacobs Levy Equity Management
84
Jacobs Levy Equity Management
New Jersey
$109M +$77M +607,661 +259%
Citadel Advisors
85
Citadel Advisors
Florida
$108M +$25.7M +202,461 +32%
National Pension Service
86
National Pension Service
South Korea
$107M -$238K -1,881 -0.2%
Westfield Capital Management
87
Westfield Capital Management
Massachusetts
$107M +$8.34M +65,835 +9%
VCAM
88
Van Cleef Asset Management
Ohio
$107M +$54.4M +429,639 +110%
B
89
BloombergSen
Ontario, Canada
$105M -$5.52M -43,567 -5%
HSBC Holdings
90
HSBC Holdings
United Kingdom
$104M +$38.1M +300,429 +60%
Los Angeles Capital Management
91
Los Angeles Capital Management
California
$104M +$23.4M +184,610 +30%
VOYA Investment Management
92
VOYA Investment Management
Georgia
$104M -$18.8M -148,577 -16%
EARNEST Partners
93
EARNEST Partners
Georgia
$102M +$1.85M +14,619 +2%
Bank of Montreal
94
Bank of Montreal
Ontario, Canada
$98M +$23.6M +186,012 +33%
MG
95
Markel Group
Virginia
$97.8M – – –
Corient Private Wealth
96
Corient Private Wealth
Florida
$92.1M +$90M +710,174 New
Russell Investments Group
97
Russell Investments Group
United Kingdom
$91.6M +$10.1M +79,664 +13%
AQR Capital Management
98
AQR Capital Management
Connecticut
$90.7M +$7.7M +60,746 +10%
MP
99
Makaira Partners
California
$89.9M +$2.31M +18,207 +3%
DekaBank Deutsche Girozentrale
100
DekaBank Deutsche Girozentrale
Germany
$89.6M -$2.46M -19,430 -3%
2 3
4
5 6

PGR Hedge Fund Activity: Q4 2022 in Review

1,171 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q4 2022, worth a combined $64.3B — up 9.5% from $58.8B a quarter earlier.

Buyers outnumbered sellers: 163 funds opened new PGR positions and 76 closed out — a net gain of 87 holders — while 403 added to existing stakes and 442 trimmed.

The largest buyer was BlackRock, adding an estimated $222M. The largest seller was Janus Henderson Group, cutting an estimated $638M.

  • 1,171 institutional investors held Progressive (PGR) as of Q4 2022, up from 1,105 in Q3 2022.
  • Funds reported $64.3B of Progressive stock for Q4 2022, up 9.5% quarter-over-quarter.
  • 163 funds opened new Progressive positions in Q4 2022 and 76 closed out, a net change of +87 holders.
  • The largest Progressive buyer in Q4 2022 was BlackRock, an estimated $222M added.
  • The largest Progressive seller in Q4 2022 was Janus Henderson Group, an estimated $638M sold.

Based on aggregated 13F filings for Q4 2022.