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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.

New
Increased
Maintained
Reduced
Closed

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: 1,170 → 1,326 (+156)

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

Holders
1,326
Holders Change
+156
Holders Change %
+13.33%
% of All Funds
19.33%
Holding in Top 10
45
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+7.14%
% of All Funds
0.66%
New
237
Increased
422
Reduced
504
Closed
63
Calls
$543M
Puts
$408M
Net Calls
+$136M
Net Calls Change
-$157M

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$1.41B
2
Viking Global Investors
Viking Global Investors
Connecticut
+$739M
3
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$184M
4
Goldman Sachs
Goldman Sachs
New York
+$182M
5
BlackRock
BlackRock
New York
+$169M

Top Sellers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
-$685M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$463M
3
Boston Partners
Boston Partners
Massachusetts
-$228M
4
VOYA Investment Management
VOYA Investment Management
Georgia
-$219M
5
Bank of America
Bank of America
North Carolina
-$217M
Name Holding Trade Value Shares
Change 		Change in
Stake
HL
1376
HeadInvest LLC
Maine
– -$19.3K -139 Closed
SCA
1377
Stonebridge Capital Advisors
Minnesota
– -$13.4K -96 Closed
CSC
1378
Caldwell Sutter Capital
California
– -$13K -93 Closed
RW
1379
RVW Wealth
California
– -$12.3K -88 Closed
RCG
1380
Rock Creek Group
District of Columbia
– -$10.4K -75 Closed
IAS
1381
IMA Advisory Services
Colorado
– -$9.89K -71 Closed
DJSG
1382
D.J. St. Germain
Massachusetts
– -$8.5K -61 Closed
SVCP
1383
Silicon Valley Capital Partners
California
– -$5.58K -40 Closed
AFG
1384
Albion Financial Group
Utah
– -$2.79K -20 Closed
BG
1385
Bollard Group
Massachusetts
– -$3K -20 Closed
CWP
1386
Concord Wealth Partners
Virginia
– -$2.09K -15 Closed
MTIC
1387
Missouri Trust & Investment Company
Missouri
– -$1.81K -13 Closed
TFGT
1388
TS Financial Group (TSFG)
Illinois
– -$2K -13 Closed
IHWM
1389
Iron Horse Wealth Management
Iowa
– -$1.06K -8 Closed
HBW
1390
Hazlett, Burt & Watson
West Virginia
– -$1K -7 Closed
52 53 54 55
56

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 1,170 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.