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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
EL
1051
Envoi LLC
Minnesota
$370K +$332K +1,790 New
LSA
1052
Lion Street Advisors
Texas
$370K
LAS
1053
LWM Advisory Services
Florida
$370K -$263K -1,416 -44%
FIA
1054
Foundations Investment Advisors
Arizona
$368K +$330K +1,780 New
SMA
1055
Sage Mountain Advisors
Georgia
$368K +$62.7K +338 +23%
SWM
1056
Spire Wealth Management
Virginia
$368K -$28.8K -155 -8%
MC
1057
Moors & Cabot
Massachusetts
$367K +$329K +1,774 New
DMBA
1058
Deseret Mutual Benefit Administrators
Utah
$365K +$928 +5 +0.3%
MPWT
1059
MassMutual Private Wealth & Trust
Connecticut
$365K +$13.5K +73 +4%
BCWM
1060
Bartlett & Co Wealth Management
Ohio
$365K +$742 +4 +0.2%
EL
1061
EMFO LLC
Florida
$362K
BWA
1062
Brave Warrior Advisors
New York
$361K
ST
1063
Smithfield Trust
Pennsylvania
$360K +$12.6K +68 +4%
SIM
1064
Stratos Investment Management
Ohio
$360K +$5.94K +32 +2%
RA
1065
Ruggaard & Associates
Ohio
$360K
EFSCE
1066
Enterprise Financial Services Corp (EFSC)
Missouri
$358K +$322K +1,733 New
CCG
1067
Catalina Capital Group
California
$354K +$318K +1,714 New
CT
1068
Clearstead Trust
Maine
$354K -$337K -1,816 -51%
NI
1069
NDVR Inc
Massachusetts
$354K +$29.9K +161 +10%
ATC
1070
Argent Trust Co
Tennessee
$352K +$40.1K +216 +15%
BA
1071
Baugh & Associates
Georgia
$352K
JWS
1072
Juncture Wealth Strategies
Arizona
$350K -$13.2K -71 -4%
AP
1073
Americana Partners
Texas
$347K +$64K +345 +26%
CFP
1074
Cascade Financial Partners
California
$346K +$315K +1,699 New
RK
1075
Rather & Kittrell
Tennessee
$346K +$2.97K +16 +1%

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.