Progressive
PGR
884 hedge funds and large institutions have $33.8B invested in Progressive in 2019 Q4 according to their latest regulatory filings, with 115 funds opening new positions, 295 increasing their positions, 361 reducing their positions, and 96 closing their positions.
34% more call options, than puts
Call options by funds: $177M | Put options by funds: $133M
20% more first-time investments, than exits
New positions opened: 115 | Existing positions closed: 96
0% more funds holding
Funds holding: 882 → 884 (+2)
0.15% more ownership
Funds ownership: 79.79% → 79.93% (+0.15%)
6% less capital invested
Capital invested by funds: $35.9B → $33.8B (-$2.08B)
13% less funds holding in top 10
Funds holding in top 10: 30 → 26 (-4)
18% less repeat investments, than reductions
Existing positions increased: 295 | Existing positions reduced: 361
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$1.12B |
| 2 |
JP Morgan Chase
New York
|
+$399M |
| 3 |
EC
Eminence Capital
New York
|
+$175M |
| 4 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
+$138M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$126M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$379M |
| 2 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$332M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
-$193M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$178M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$120M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
976
First Manhattan
New York
| – | -$6.13K | -85 | -92% |
|
|
KC
977
Knuff & Co
Foster City,
California
| – | -$7K | -85 | Closed |
|
|
OIA
978
Optimum Investment Advisors
Chicago,
Illinois
| – | -$7K | -85 | Closed |
|
|
GWAG
979
Garrett Wealth Advisory Group
Weatherford,
Texas
| – | -$3.48K | -45 | Closed |
|
|
LWM
980
Lionsbridge Wealth Management
Jacksonville Beach,
Florida
| – | +$721 | +10 | New |
|
PGR Hedge Fund Activity: Q4 2019 in Review
884 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q4 2019, worth a combined $33.8B — down 5.8% from $35.9B a quarter earlier.
Buyers outnumbered sellers: 115 funds opened new PGR positions and 96 closed out — a net gain of 19 holders — while 295 added to existing stakes and 361 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $1.12B. The largest seller was Fidelity Investments, cutting an estimated $379M.
- 884 institutional investors held Progressive (PGR) as of Q4 2019, up from 882 in Q3 2019.
- Funds reported $33.8B of Progressive stock for Q4 2019, down 5.8% quarter-over-quarter.
- 115 funds opened new Progressive positions in Q4 2019 and 96 closed out, a net change of +19 holders.
- The largest Progressive buyer in Q4 2019 was Wellington Management Group, an estimated $1.12B added.
- The largest Progressive seller in Q4 2019 was Fidelity Investments, an estimated $379M sold.
Based on aggregated 13F filings for Q4 2019.