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Progressive

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: 4567 (+22)

27% more capital invested

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

10% more funds holding

Funds holding: 1,3261,459 (+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
Name Holding Trade Value Shares
Change
Change in
Stake
AI
1501
AXS Investments
New York
-$231K -1,453 Closed
GCM
1502
Gallacher Capital Management
Colorado
-$222K -1,396 Closed
CWM
1503
Centric Wealth Management
Illinois
-$251K -1,376 Closed
LAI
1504
Legal Advantage Investments
California
-$207K -1,300 Closed
SC
1505
Sapient Capital
Indiana
-$205K -1,288 Closed
BB
1506
Busey Bank
Illinois
-$202K -1,271 Closed
GWS
1507
Glassman Wealth Services
Virginia
-$200K -1,257 Closed
FCG
1508
Financial Connections Group
California
-$157K -987 Closed
TCWA
1509
Turtle Creek Wealth Advisors
Texas
-$107K -670 Closed
TWM
1510
Tradition Wealth Management
Minnesota
-$103K -648 Closed
FWM
1511
Focused Wealth Management
New York
-$81.4K -511 Closed
WTG
1512
West Tower Group
Virginia
-$54.8K -344 Closed
BWM
1513
BKM Wealth Management
Wisconsin
-$54.3K -341 Closed
EC
1514
EntryPoint Capital
New York
-$45.1K -283 Closed
RFA
1515
Resurgent Financial Advisors
Georgia
-$39.8K -250 Closed
AP
1516
Arlington Partners
Alabama
-$27.7K -174 Closed
PP
1517
Paloma Partners
Connecticut
-$22.5K -141 Closed
AWM
1518
Able Wealth Management
New Jersey
-$13.1K -82 Closed
SA
1519
Scarborough Advisors
Maryland
-$11.6K -73 Closed
LIWM
1520
Long Island Wealth Management
New York
-$9K -56 Closed
TFA
1521
Toth Financial Advisory
Virginia
-$8.76K -55 Closed
VF
1522
VitalStone Financial
Texas
-$7K -46 Closed
LFA
1523
Level Financial Advisors
New York
-$6.86K -43 Closed
RAM
1524
Readystate Asset Management
Illinois
-$3.34K -18 Closed
TVAMP
1525
Tennessee Valley Asset Management Partners
Tennessee
-$2.58K -16 Closed

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.