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Progressive

1,179 hedge funds and large institutions have $65.9B invested in Progressive in 2023 Q2 according to their latest regulatory filings, with 116 funds opening new positions, 395 increasing their positions, 505 reducing their positions, and 117 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more call options, than puts

Call options by funds: $258M | Put options by funds: $180M

0.49% less ownership

Funds ownership: 85.54%85.05% (-0.49%)

1% less funds holding

Funds holding: 1,1871,179 (-8)

1% less first-time investments, than exits

New positions opened: 116 | Existing positions closed: 117

8% less capital invested

Capital invested by funds: $71.6B → $65.9B (-$5.7B)

22% less repeat investments, than reductions

Existing positions increased: 395 | Existing positions reduced: 505

34% less funds holding in top 10

Funds holding in top 10: 5838 (-20)

Holders
1,179
Holders Change
-8
Holders Change %
-0.67%
% of All Funds
18.51%
Holding in Top 10
38
Holding in Top 10 Change
-20
Holding in Top 10 Change %
-34.48%
% of All Funds
0.6%
New
116
Increased
395
Reduced
505
Closed
117
Calls
$258M
Puts
$180M
Net Calls
+$78.9M
Net Calls Change
+$82.5M
Name Holding Trade Value Shares
Change
Change in
Stake
FWIA
976
Fort Washington Investment Advisors
Ohio
$217K -$135K -1,004 -38%
AC
977
Avestar Capital
New York
$217K -$11.5K -86 -5%
RA
978
Ruggaard & Associates
Ohio
$217K
EWM
979
Endurance Wealth Management
Rhode Island
$212K
AA
980
Alta Advisers
United Kingdom
$212K
HI
981
Hudock Inc
Pennsylvania
$211K
SCM
982
Spring Capital Management
Texas
$210K
SAM
983
Synergy Asset Management
Washington
$210K
BFA
984
Beaumont Financial Advisors
Massachusetts
$210K +$4.96K +37 +2%
CCA
985
Cottonwood Capital Advisors
Utah
$208K -$9.65K -72 -4%
VCM
986
Virtue Capital Management
Tennessee
$208K +$212K +1,584 New
NHT
987
New Hampshire Trust
New Hampshire
$204K +$7.64K +57 +4%
GHAM
988
Gilman Hill Asset Management
Connecticut
$203K
LTI
989
Laffer Tengler Investments
Tennessee
$202K
WP
990
WMS Partners
Maryland
$202K -$15.3K -114 -7%
SMA
991
Sage Mountain Advisors
Georgia
$201K +$9.12K +68 +5%
PMG
992
ProVise Management Group
Florida
$201K +$203K +1,515 New
LAM
993
L2 Asset Management
Massachusetts
$200K +$203K +1,511 New
FCAG
994
First Capital Advisors Group
New Jersey
$193K -$1.48K -11 -0.8%
KI
995
Kapitalo Investimentos
Brazil
$186K +$188K +1,406 New
BTI
996
Blue Trust Inc
Georgia
$184K -$334K -2,495 -66%
MPWT
997
MassMutual Private Wealth & Trust
Connecticut
$183K +$40.4K +301 +28%
MCI
998
MRP Capital Investments
Georgia
$179K -$16.8K -125 -8%
BFEC
999
Benjamin F. Edwards & Company
Missouri
$178K -$57.4K -428 -24%
CT
1000
Clearstead Trust
Maine
$176K

PGR Hedge Fund Activity: Q2 2023 in Review

1,179 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q2 2023, worth a combined $65.9B — down 8% from $71.6B a quarter earlier.

Sellers outnumbered buyers: 117 funds closed out of PGR and 116 opened new positions — a net loss of 1 holder — while 505 trimmed existing stakes and 395 added.

The largest buyer was Janus Henderson Group, adding an estimated $435M. The largest seller was DZ Bank, cutting an estimated $449M.

  • 1,179 institutional investors held Progressive (PGR) as of Q2 2023, down from 1,187 in Q1 2023.
  • Funds reported $65.9B of Progressive stock for Q2 2023, down 8% quarter-over-quarter.
  • 116 funds opened new Progressive positions in Q2 2023 and 117 closed out, a net change of -1 holder.
  • The largest Progressive buyer in Q2 2023 was Janus Henderson Group, an estimated $435M added.
  • The largest Progressive seller in Q2 2023 was DZ Bank, an estimated $449M sold.

Based on aggregated 13F filings for Q2 2023.