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Progressive
PGR

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: 45 → 67 (+22)

27% more capital invested

Capital invested by funds: $81.2B → $103B (+$22.1B)

10% more funds holding

Funds holding: 1,326 → 1,459 (+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

Top Buyers

Rank Fund Capital Flow
1
Brown Advisory
Brown Advisory
Maryland
+$448M
2
Bank of America
Bank of America
North Carolina
+$328M
3
BlackRock
BlackRock
New York
+$313M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$305M
5
Fidelity Investments
Fidelity Investments
Massachusetts
+$299M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.29B
2
JP Morgan Chase
JP Morgan Chase
New York
-$928M
3
Wellington Management Group
Wellington Management Group
Massachusetts
-$678M
4
Viking Global Investors
Viking Global Investors
Connecticut
-$525M
5
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$348M
Name Holding Trade Value Shares
Change 		Change in
Stake
D
1251
Diversified
Delaware
$209K +$188K +1,011 New
A
1252
AJOVista
Massachusetts
$209K +$118K +635 +170%
PNC
1253
Park National Corp
Ohio
$207K +$186K +1,001 New
SNB
1254
Security National Bank
Nebraska
$207K – – –
GHA
1255
GW Henssler & Associates
Georgia
$207K +$186K +1,000 New
RC
1256
RBF Capital
California
$207K +$186K +1,000 New
AWS
1257
Arkfeld Wealth Strategies
Nebraska
$206K +$186K +1,001 New
SP
1258
Stonebrook Private
Michigan
$206K +$185K +998 New
NRC
1259
New Republic Capital
North Carolina
$206K +$185K +996 New
ANBT
1260
American National Bank & Trust
Texas
$205K -$3.9K -21 -2%
TFF
1261
The Family Firm
Maryland
$205K +$184K +992 New
MSFS
1262
Main Street Financial Solutions
Pennsylvania
$205K +$184K +991 New
HPC
1263
HM Payson & Co
Maine
$205K +$124K +667 +207%
EWA
1264
Exencial Wealth Advisors
Oklahoma
$204K -$1.47M -7,906 -89%
CCM
1265
Carlson Capital Management
Minnesota
$204K -$128K -689 -41%
WTB
1266
Washington Trust Bank
Washington
$204K +$183K +985 New
AWM
1267
Aprio Wealth Management
Georgia
$203K +$182K +982 New
CCA
1268
Childress Capital Advisors
Texas
$203K +$184K +992 New
VCA
1269
Verdence Capital Advisors
Maryland
$202K -$153K -825 -46%
AIM
1270
Anchor Investment Management
South Carolina
$200K +$11.7K +63 +7%
TFA
1271
Transamerica Financial Advisors
Florida
$198K -$1.28M -6,921 -88%
SOS
1272
Silver Oak Securities
Tennessee
$197K +$177K +955 New
HCM
1273
Hollencrest Capital Management
California
$188K – – –
OLVIG
1274
Oliver Lagore Vanvalin Investment Group
Michigan
$176K +$5.57K +30 +4%
PGAM
1275
Princeton Global Asset Management
New Jersey
$160K – – –
49 50
51
52 53

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.