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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
PCTC
1451
Perkins Coie Trust Company
Washington
$1.65K – – –
FIA
1452
FPC Investment Advisory
California
$1.49K +$1.3K +7 New
TWP
1453
TFO Wealth Partners
Ohio
$1.45K -$742 -4 -36%
BHWM
1454
Beaird Harris Wealth Management
Texas
$1.24K – – –
PWA
1455
Provenance Wealth Advisors
Florida
$1.24K – – –
HFS
1456
Horizon Financial Services
North Carolina
$1.24K +$1.11K +6 New
BIM
1457
Breakwater Investment Management
Washington
$621 +$557 +3 New
LSA
1458
Leonteq Securities AG
Switzerland
$620 – – –
WA
1459
WestEnd Advisors
North Carolina
$414 +$371 +2 New
DWM
1460
Dogwood Wealth Management
Kansas
$14 – – –
MG
1461
Meritage Group
California
– -$168M -1,056,631 Closed
Swedbank
1462
Swedbank
Sweden
– -$89.3M -560,498 Closed
JCM
1463
Junto Capital Management
New York
– -$76.4M -479,594 Closed
MMA
1464
Mizuho Markets Americas
New York
– -$9.14M -57,360 Closed
PMEF
1465
Point72 Middle East FZE
United Arab Emirates
– -$7.18M -45,104 Closed
Simplex Trading
1466
Simplex Trading
Illinois
– -$8.28M -44,641 Closed
DA
1467
Duality Advisers
Florida
– -$4.48M -28,155 Closed
IMC Chicago
1468
IMC Chicago
Illinois
– -$4.21M -22,705 Closed
WAM
1469
Wolverine Asset Management
Illinois
– -$3.34M -18,016 Closed
FI
1470
FJ Investments
Utah
– -$2.27M -14,278 Closed
WVP
1471
Worth Venture Partners
New Jersey
– -$2.25M -14,120 Closed
RL
1472
Retireful LLC
Michigan
– -$2.15M -13,468 Closed
WWA
1473
WCG Wealth Advisors
Nevada
– -$1.99M -12,489 Closed
VI
1474
Versor Investments
New York
– -$1.58M -9,940 Closed
QIM
1475
Quantitative Investment Management
Virginia
– -$1.3M -8,160 Closed
57 58
59
60 61

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.