Progressive
PGR
1,905 hedge funds and large institutions have $135B invested in Progressive in 2025 Q2 according to their latest regulatory filings, with 205 funds opening new positions, 786 increasing their positions, 657 reducing their positions, and 119 closing their positions.
72% more first-time investments, than exits
New positions opened: 205 | Existing positions closed: 119
41% more call options, than puts
Call options by funds: $634M | Put options by funds: $449M
20% more repeat investments, than reductions
Existing positions increased: 786 | Existing positions reduced: 657
3% more funds holding
Funds holding: 1,841 → 1,905 (+64)
0.28% less ownership
Funds ownership: 86.5% → 86.22% (-0.28%)
6% less capital invested
Capital invested by funds: $143B → $135B (-$8.7B)
18% less funds holding in top 10
Funds holding in top 10: 96 → 79 (-17)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$778M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
+$767M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$743M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$611M |
| 5 |
Capital World Investors
Los Angeles,
California
|
+$248M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$1.38B |
| 2 |
JP Morgan Chase
New York
|
-$731M |
| 3 |
Janus Henderson Group
London,
United Kingdom
|
-$585M |
| 4 |
DZ Bank
Frankfurt Am Main,
Germany
|
-$534M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
-$395M |
PGR Hedge Fund Activity: Q2 2025 in Review
1,905 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q2 2025, worth a combined $135B — down 6.1% from $143B a quarter earlier.
Buyers outnumbered sellers: 205 funds opened new PGR positions and 119 closed out — a net gain of 86 holders — while 786 added to existing stakes and 657 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $778M. The largest seller was BlackRock, cutting an estimated $1.38B.
- 1,905 institutional investors held Progressive (PGR) as of Q2 2025, up from 1,841 in Q1 2025.
- Funds reported $135B of Progressive stock for Q2 2025, down 6.1% quarter-over-quarter.
- 205 funds opened new Progressive positions in Q2 2025 and 119 closed out, a net change of +86 holders.
- The largest Progressive buyer in Q2 2025 was Fidelity Investments, an estimated $778M added.
- The largest Progressive seller in Q2 2025 was BlackRock, an estimated $1.38B sold.
Based on aggregated 13F filings for Q2 2025.