Progressive
PGR
491 hedge funds and large institutions have $14B invested in Progressive in 2016 Q3 according to their latest regulatory filings, with 36 funds opening new positions, 186 increasing their positions, 192 reducing their positions, and 55 closing their positions.
0.07% more ownership
Funds ownership: 76.91% → 76.98% (+0.07%)
3% less repeat investments, than reductions
Existing positions increased: 186 | Existing positions reduced: 192
4% less funds holding
Funds holding: 514 → 491 (-23)
6% less capital invested
Capital invested by funds: $15B → $14B (-$967M)
23% less funds holding in top 10
Funds holding in top 10: 13 → 10 (-3)
35% less first-time investments, than exits
New positions opened: 36 | Existing positions closed: 55
40% less call options, than puts
Call options by funds: $10.1M | Put options by funds: $16.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$187M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$138M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$95.8M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$57.9M |
| 5 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$33.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
-$133M |
| 2 |
BBHC
Brown Brothers Harriman & Co
New York
|
-$122M |
| 3 |
VAM
Vontobel Asset Management
New York
|
-$117M |
| 4 |
Primecap Management
Pasadena,
California
|
-$60.4M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$46.3M |
PGR Hedge Fund Activity: Q3 2016 in Review
491 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q3 2016, worth a combined $14B — down 6.4% from $15B a quarter earlier.
Sellers outnumbered buyers: 55 funds closed out of PGR and 36 opened new positions — a net loss of 19 holders — while 192 trimmed existing stakes and 186 added.
The largest buyer was AllianceBernstein, adding an estimated $187M. The largest seller was Fiduciary Management Inc, cutting an estimated $133M.
- 491 institutional investors held Progressive (PGR) as of Q3 2016, down from 514 in Q2 2016.
- Funds reported $14B of Progressive stock for Q3 2016, down 6.4% quarter-over-quarter.
- 36 funds opened new Progressive positions in Q3 2016 and 55 closed out, a net change of -19 holders.
- The largest Progressive buyer in Q3 2016 was AllianceBernstein, an estimated $187M added.
- The largest Progressive seller in Q3 2016 was Fiduciary Management Inc, an estimated $133M sold.
Based on aggregated 13F filings for Q3 2016.