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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
RW
1276
REDW Wealth
New Mexico
-$202K -1,415 Closed
MMPW
1277
Mitchell McLeod Pugh & Williams
Alabama
-$201K -1,408 Closed
SAI
1278
Systematic Alpha Investments
New Jersey
-$180K -1,257 Closed
TWA
1279
TCI Wealth Advisors
Arizona
-$117K -818 Closed
MFG
1280
Mendota Financial Group
Wisconsin
-$75.6K -663 Closed
RCG
1281
Rock Creek Group
District of Columbia
-$73.8K -516 Closed
CCM
1282
Carderock Capital Management
Maryland
-$68K -475 Closed
MIA
1283
Milestone Investment Advisors
Wisconsin
-$64.4K -450 Closed
FCA
1284
Fortis Capital Advisors
Kansas
-$45.8K -320 Closed
JIR
1285
James Investment Research
Ohio
-$42K -297 Closed
ETH
1286
Exos TFP Holdings
New York
-$31.8K -222 Closed
CHC
1287
City Holding Co
West Virginia
-$10.7K -75 Closed
DFCM
1288
Dark Forest Capital Management
Puerto Rico
-$9.87K -69 Closed
CIA
1289
Cape Investment Advisory
Georgia
-$9.73K -68 Closed
SC
1290
Schubert & Co
Texas
-$9.3K -65 Closed
SSC
1291
Syverson Strege & Co
Iowa
-$8.73K -61 Closed
Loomis, Sayles & Company
1292
Loomis, Sayles & Company
Massachusetts
-$6K -40 Closed
MWM
1293
Mascoma Wealth Management
New Hampshire
-$5.05K -37 Closed
GFWA
1294
Grey Fox Wealth Advisors
Delaware
-$3.86K -27 Closed
BFPW
1295
BOK Financial Private Wealth
Colorado
-$2.58K -18 Closed
BSB
1296
Bangor Savings Bank
Maine
-$2.29K -16 Closed

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.