Progressive
PGR
1,067 hedge funds and large institutions have $55.6B invested in Progressive in 2022 Q1 according to their latest regulatory filings, with 107 funds opening new positions, 372 increasing their positions, 426 reducing their positions, and 86 closing their positions.
34% more funds holding in top 10
Funds holding in top 10: 35 → 47 (+12)
24% more first-time investments, than exits
New positions opened: 107 | Existing positions closed: 86
12% more capital invested
Capital invested by funds: $49.6B → $55.6B (+$6B)
1% more funds holding
Funds holding: 1,057 → 1,067 (+10)
0.12% less ownership
Funds ownership: 84.38% → 84.26% (-0.12%)
10% less call options, than puts
Call options by funds: $150M | Put options by funds: $167M
13% less repeat investments, than reductions
Existing positions increased: 372 | Existing positions reduced: 426
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$539M |
| 2 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$263M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$240M |
| 4 |
Amundi
Paris,
France
|
+$184M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$135M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$145M |
| 2 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
-$138M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$133M |
| 4 |
JP Morgan Chase
New York
|
-$119M |
| 5 |
MIHAS
Maj Invest Holding A/S
Copenhagen K,
Denmark
|
-$115M |
PGR Hedge Fund Activity: Q1 2022 in Review
1,067 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q1 2022, worth a combined $55.6B — up 12% from $49.6B a quarter earlier.
Buyers outnumbered sellers: 107 funds opened new PGR positions and 86 closed out — a net gain of 21 holders — while 372 added to existing stakes and 426 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $539M. The largest seller was BlackRock, cutting an estimated $145M.
- 1,067 institutional investors held Progressive (PGR) as of Q1 2022, up from 1,057 in Q4 2021.
- Funds reported $55.6B of Progressive stock for Q1 2022, up 12% quarter-over-quarter.
- 107 funds opened new Progressive positions in Q1 2022 and 86 closed out, a net change of +21 holders.
- The largest Progressive buyer in Q1 2022 was Wellington Management Group, an estimated $539M added.
- The largest Progressive seller in Q1 2022 was BlackRock, an estimated $145M sold.
Based on aggregated 13F filings for Q1 2022.