Progressive
PGR
1,653 hedge funds and large institutions have $126B invested in Progressive in 2024 Q3 according to their latest regulatory filings, with 223 funds opening new positions, 646 increasing their positions, 572 reducing their positions, and 78 closing their positions.
186% more first-time investments, than exits
New positions opened: 223 | Existing positions closed: 78
22% more capital invested
Capital invested by funds: $103B → $126B (+$22.6B)
22% more funds holding in top 10
Funds holding in top 10: 65 → 79 (+14)
19% more call options, than puts
Call options by funds: $723M | Put options by funds: $609M
13% more repeat investments, than reductions
Existing positions increased: 646 | Existing positions reduced: 572
9% more funds holding
Funds holding: 1,523 → 1,653 (+130)
0.1% less ownership
Funds ownership: 84.91% → 84.81% (-0.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GQG Partners
Ft. Lauderdale,
Florida
|
+$717M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
+$581M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
+$391M |
| 4 |
ECU
Egerton Capital (UK)
London,
United Kingdom
|
+$298M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
+$210M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$581M |
| 2 |
APG Asset Management
Amsterdam,
Netherlands
|
-$391M |
| 3 |
D.E. Shaw & Co
New York
|
-$326M |
| 4 |
Goldman Sachs
New York
|
-$237M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$228M |
PGR Hedge Fund Activity: Q3 2024 in Review
1,653 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q3 2024, worth a combined $126B — up 22% from $103B a quarter earlier.
Buyers outnumbered sellers: 223 funds opened new PGR positions and 78 closed out — a net gain of 145 holders — while 646 added to existing stakes and 572 trimmed.
The largest buyer was GQG Partners, opening a new position worth an estimated $717M. The largest seller was Bank of America, cutting an estimated $581M.
- 1,653 institutional investors held Progressive (PGR) as of Q3 2024, up from 1,523 in Q2 2024.
- Funds reported $126B of Progressive stock for Q3 2024, up 22% quarter-over-quarter.
- 223 funds opened new Progressive positions in Q3 2024 and 78 closed out, a net change of +145 holders.
- The largest Progressive buyer in Q3 2024 was GQG Partners, an estimated $717M added.
- The largest Progressive seller in Q3 2024 was Bank of America, an estimated $581M sold.
Based on aggregated 13F filings for Q3 2024.