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Progressive

1,459 hedge funds and large institutions have $103B invested in Progressive in 2024 Q1 according to their latest regulatory filings, with 215 funds opening new positions, 550 increasing their positions, 513 reducing their positions, and 70 closing their positions.

New
Increased
Maintained
Reduced
Closed

207% more first-time investments, than exits

New positions opened: 215 | Existing positions closed: 70

51% more call options, than puts

Call options by funds: $611M | Put options by funds: $406M

49% more funds holding in top 10

Funds holding in top 10: 4567 (+22)

27% more capital invested

Capital invested by funds: $81.2B → $103B (+$22.1B)

10% more funds holding

Funds holding: 1,3261,459 (+133)

7% more repeat investments, than reductions

Existing positions increased: 550 | Existing positions reduced: 513

1.72% less ownership

Funds ownership: 87.11%85.39% (-1.7%)

Holders
1,459
Holders Change
+133
Holders Change %
+10.03%
% of All Funds
21.02%
Holding in Top 10
67
Holding in Top 10 Change
+22
Holding in Top 10 Change %
+48.89%
% of All Funds
0.97%
New
215
Increased
550
Reduced
513
Closed
70
Calls
$611M
Puts
$406M
Net Calls
+$206M
Net Calls Change
+$70M
Name Holding Trade Value Shares
Change
Change in
Stake
NS
1001
NBC Securities
Alabama
$439K +$3.52K +19 +0.9%
ACM
1002
Allred Capital Management
Texas
$437K -$4.08K -22 -1%
RIP
1003
RAM Investment Partners
Washington
$431K +$2.97K +16 +0.8%
PCP
1004
Proficio Capital Partners
Massachusetts
$425K +$11.7K +63 +3%
PWS
1005
Precision Wealth Strategies
Missouri
$424K +$380K +2,048 New
FHC
1006
First Heartland Consultants
Missouri
$421K +$378K +2,035 New
LAM
1007
Lewis Asset Management
California
$420K
LAM
1008
L2 Asset Management
Massachusetts
$420K +$24.5K +132 +7%
DWM
1009
Drive Wealth Management
Utah
$418K +$6.12K +33 +2%
IFG
1010
Independent Financial Group
California
$418K +$48.2K +260 +15%
Luther King Capital Management (LKCM)
1011
Luther King Capital Management (LKCM)
Texas
$416K -$20.4K -110 -5%
FP
1012
Factorial Partners
New York
$414K
FCBT
1013
First Citizens Bank & Trust
North Carolina
$413K +$370K +1,996 New
GFP
1014
Gryphon Financial Partners
Ohio
$412K -$9.46K -51 -2%
P
1015
&Partners
Tennessee
$412K +$369K +1,991 New
PPC
1016
Park Place Capital
Alabama
$412K +$149K +801 +67%
KFS
1017
Kaizen Financial Strategies
California
$408K
CBNLCF
1018
Cognios Beta Neutral Large Cap Fund
Kansas
$407K +$365K +1,966 New
LWM
1019
Lakeridge Wealth Management
Ohio
$406K +$2.41K +13 +0.7%
VA
1020
Verdad Advisers
Massachusetts
$406K -$749K -4,036 -67%
SF
1021
Synovus Financial
Georgia
$404K +$8.54K +46 +2%
FFP
1022
FourThought Financial Partners
Florida
$403K +$52.7K +284 +17%
SCM
1023
Stonehearth Capital Management
Massachusetts
$403K -$186 -1 -0.1%
FHA
1024
First Horizon Advisors
Tennessee
$400K +$38.4K +207 +12%
FAFN
1025
First Affirmative Financial Network
Colorado
$400K +$15K +81 +4%

PGR Hedge Fund Activity: Q1 2024 in Review

1,459 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q1 2024, worth a combined $103B — up 27% from $81.2B a quarter earlier.

Buyers outnumbered sellers: 215 funds opened new PGR positions and 70 closed out — a net gain of 145 holders — while 550 added to existing stakes and 513 trimmed.

The largest buyer was Brown Advisory, adding an estimated $448M. The largest seller was Morgan Stanley, cutting an estimated $1.29B.

  • 1,459 institutional investors held Progressive (PGR) as of Q1 2024, up from 1,326 in Q4 2023.
  • Funds reported $103B of Progressive stock for Q1 2024, up 27% quarter-over-quarter.
  • 215 funds opened new Progressive positions in Q1 2024 and 70 closed out, a net change of +145 holders.
  • The largest Progressive buyer in Q1 2024 was Brown Advisory, an estimated $448M added.
  • The largest Progressive seller in Q1 2024 was Morgan Stanley, an estimated $1.29B sold.

Based on aggregated 13F filings for Q1 2024.