Progressive
PGR
1,326 hedge funds and large institutions have $81.2B invested in Progressive in 2023 Q4 according to their latest regulatory filings, with 237 funds opening new positions, 422 increasing their positions, 504 reducing their positions, and 63 closing their positions.
276% more first-time investments, than exits
New positions opened: 237 | Existing positions closed: 63
33% more call options, than puts
Call options by funds: $543M | Put options by funds: $408M
15% more capital invested
Capital invested by funds: $70.4B → $81.2B (+$10.9B)
13% more funds holding
Funds holding: 1,171 → 1,326 (+155)
7% more funds holding in top 10
Funds holding in top 10: 42 → 45 (+3)
0.93% more ownership
Funds ownership: 86.18% → 87.11% (+0.93%)
16% less repeat investments, than reductions
Existing positions increased: 422 | Existing positions reduced: 504
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$1.41B |
| 2 |
Viking Global Investors
Stamford,
Connecticut
|
+$739M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$184M |
| 4 |
Goldman Sachs
New York
|
+$182M |
| 5 |
BlackRock
New York
|
+$169M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$685M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$463M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
-$228M |
| 4 |
VOYA Investment Management
Atlanta,
Georgia
|
-$219M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$217M |
PGR Hedge Fund Activity: Q4 2023 in Review
1,326 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q4 2023, worth a combined $81.2B — up 15% from $70.4B a quarter earlier.
Buyers outnumbered sellers: 237 funds opened new PGR positions and 63 closed out — a net gain of 174 holders — while 422 added to existing stakes and 504 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $1.41B. The largest seller was JP Morgan Chase, cutting an estimated $685M.
- 1,326 institutional investors held Progressive (PGR) as of Q4 2023, up from 1,171 in Q3 2023.
- Funds reported $81.2B of Progressive stock for Q4 2023, up 15% quarter-over-quarter.
- 237 funds opened new Progressive positions in Q4 2023 and 63 closed out, a net change of +174 holders.
- The largest Progressive buyer in Q4 2023 was Morgan Stanley, an estimated $1.41B added.
- The largest Progressive seller in Q4 2023 was JP Morgan Chase, an estimated $685M sold.
Based on aggregated 13F filings for Q4 2023.