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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
GI
1151
Gradient Investments
Minnesota
$4.63K +$4.69K +35 New
CCMI
1152
Creative Capital Management Investments
California
$4.24K
HI
1153
Hoey Investments
Pennsylvania
$4.24K
IFAM
1154
Institutional & Family Asset Management
Colorado
$4.24K +$2.55K +19 +146%
CMP
1155
Coston McIsaac & Partners
Maine
$4K
LWANC
1156
Laurel Wealth Advisors (North Carolina)
North Carolina
$3.97K
WWM
1157
Wolff Wiese Magana
California
$3.97K
LFG
1158
Larson Financial Group
Missouri
$3.71K
BCMLT
1159
Beacon Capital Management LLC (Tennessee)
Tennessee
$3.57K +$3.62K +27 New
CTWM
1160
Cherry Tree Wealth Management
Minnesota
$3.24K +$3.35K +25 New
TFM
1161
TFC Financial Management
Massachusetts
$3.18K -$10.2K -76 -76%
HWP
1162
Highline Wealth Partners
California
$3.04K
BG
1163
Bollard Group
Massachusetts
$3K +$2.68K +20 New
FGAM
1164
Financial Gravity Asset Management
Texas
$2.95K +$6.17K +46 +32%
M
1165
MOTCO
Texas
$2.91K +$2.55K +19 +633%
NSIM
1166
North Star Investment Management
Illinois
$2.65K
TFGT
1167
TS Financial Group (TSFG)
Illinois
$2K +$536 +4 +44%
NMG
1168
New Millennium Group
Utah
$1.99K
CWP
1169
Concord Wealth Partners
Virginia
$1.99K +$2.01K +15 New
BWM
1170
BerganKDV Wealth Management
Minnesota
$1.72K -$9.52K -71 -85%
MTIC
1171
Missouri Trust & Investment Company
Missouri
$1.72K +$1.74K +13 New
BAM
1172
Bellevue Asset Management
Washington
$1.72K +$134 +1 +8%
FSWA
1173
Financial Synergies Wealth Advisors
Texas
$1.46K
CCP
1174
Cunning Capital Partners
North Carolina
$1.24K -$4.71M -35,170 Closed
IPW
1175
Impact Partnership Wealth
Georgia
$1.19K +$1.21K +9 New

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.