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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
MWM
1026
Modern Wealth Management
Kansas
$400K +$22.3K +120 +7%
MA
1027
MCF Advisors
Kentucky
$394K +$1.67K +9 +0.5%
GRP
1028
Global Retirement Partners
California
$394K -$196K -1,057 -36%
BCM
1029
Basswood Capital Management
New York
$393K -$9.11M -49,081 -96%
OC
1030
Oarsman Capital
Wisconsin
$392K +$50.7K +273 +17%
FI
1031
FWG Investments
Kentucky
$392K +$352K +1,895 New
BJL
1032
Brighton Jones LLC
Washington
$391K +$14.8K +80 +4%
DPL
1033
Danica Pension Livsforsikrings
$391K +$351K +1,890 New
UCB
1034
United Community Bank
South Carolina
$390K +$64.2K +346 +22%
FDDB
1035
Fidelity D&D Bancorp
Pennsylvania
$390K -$1.85K -10 -0.5%
BWP
1036
Bernardo Wealth Planning
Pennsylvania
$385K +$186 +1 +0.1%
RIA
1037
Regal Investment Advisors
Michigan
$382K -$3.15K -17 -0.9%
FFN
1038
Focus Financial Network
Minnesota
$379K +$12.1K +65 +4%
MCWA
1039
Meadow Creek Wealth Advisors
Georgia
$379K -$11.5K -62 -3%
EFS
1040
Essex Financial Services
Connecticut
$378K +$24.5K +132 +8%
OCM
1041
Orleans Capital Management
Louisiana
$377K +$338K +1,822 New
CA
1042
Commerzbank Aktiengesellschaft
Germany
$376K +$337K +1,818 New
SWP
1043
Significant Wealth Partners
Illinois
$376K +$23.8K +128 +8%
KC
1044
Knuff & Co
California
$376K
MPM
1045
MBB Public Markets
Illinois
$375K +$337K +1,814 New
OFG
1046
Oxford Financial Group
Indiana
$374K -$1.62M -8,753 -83%
TPI
1047
Trust Point Inc
Wisconsin
$374K -$33.4K -180 -9%
WMA
1048
Wealth Management Associates
New Jersey
$373K +$333K +1,795 New
CG
1049
Cynosure Group
Utah
$372K +$334K +1,798 New
PWMAG
1050
Pinnacle Wealth Management Advisory Group
New Jersey
$372K +$10.6K +57 +3%

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.