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Progressive
PGR

403 hedge funds and large institutions have $12.2B invested in Progressive in 2013 Q4 according to their latest regulatory filings, with 48 funds opening new positions, 105 increasing their positions, 172 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

282% more call options, than puts

Call options by funds: $4.99M | Put options by funds: $1.31M

100% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 24

5% more funds holding

Funds holding: 383 → 403 (+20)

0% less capital invested

Capital invested by funds: $12.2B → $12.2B (-$31.4M)

0.34% less ownership

Funds ownership: 75.1% → 74.76% (-0.34%)

13% less funds holding in top 10

Funds holding in top 10: 8 → 7 (-1)

39% less repeat investments, than reductions

Existing positions increased: 105 | Existing positions reduced: 172

Holders
403
Holders Change
+20
Holders Change %
+5.22%
% of All Funds
11.7%
Holding in Top 10
7
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-12.5%
% of All Funds
0.2%
New
48
Increased
105
Reduced
172
Closed
24
Calls
$4.99M
Puts
$1.31M
Net Calls
+$3.68M
Net Calls Change
-$121K

Top Buyers

Rank Fund Capital Flow
1
Capital Research Global Investors
Capital Research Global Investors
California
+$203M
2
Citadel Advisors
Citadel Advisors
Florida
+$62.1M
3
EARNEST Partners
EARNEST Partners
Georgia
+$49.8M
4
EVM
Eaton Vance Management
Massachusetts
+$44.2M
5
Federated Hermes
Federated Hermes
Pennsylvania
+$27.4M

Top Sellers

Rank Fund Capital Flow
1
UBS AM
UBS AM
Illinois
-$97.4M
2
EIG
EdgePoint Investment Group
Ontario, Canada
-$67M
3
Macquarie Group
Macquarie Group
Australia
-$53.2M
4
BG
BlackRock Group
United Kingdom
-$41.1M
5
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$33.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
SCM
176
Stevens Capital Management
Pennsylvania
$2.97M +$2.94M +108,902 New
URS
177
Utah Retirement Systems
Utah
$2.93M – – –
AG
178
Aperio Group
California
$2.92M -$2.92M -108,255 Closed
Mitsubishi UFJ Asset Management
179
Mitsubishi UFJ Asset Management
Japan
$2.92M -$373K -13,830 -11%
AQR Capital Management
180
AQR Capital Management
Connecticut
$2.9M -$256K -9,500 -8%
COPPSERS
181
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$2.87M -$205K -7,602 -7%
WAM
182
Winslow Asset Management
Ohio
$2.84M -$32.4K -1,200 -1%
KFC
183
Klingenstein Fields & Co
New York
$2.78M – – –
TAM
184
Tocqueville Asset Management
New York
$2.76M +$2.73M +101,151 New
Nomura Holdings
185
Nomura Holdings
Japan
$2.62M +$225K +8,358 +9%
SAM
186
Shell Asset Management
Netherlands
$2.6M -$1.07M -39,679 -29%
DC
187
Deere & Company
Illinois
$2.6M +$351K +13,017 +16%
State of Tennessee, Department of Treasury
188
State of Tennessee, Department of Treasury
Tennessee
$2.58M -$121K -4,500 -5%
TRSOTSOK
189
Teachers Retirement System of the State of Kentucky
Kentucky
$2.55M – – –
BSPF
190
British Steel Pension Fund
United Kingdom
$2.54M -$162K -6,001 -6%
WAM
191
World Asset Management
Michigan
$2.45M -$385K -14,290 -14%
SIG
192
Schooner Investment Group
Pennsylvania
$2.4M +$2.43M +90,000 New
BFA
193
Bragg Financial Advisors
North Carolina
$2.3M -$1.62K -60 -0.1%
US Bancorp
194
US Bancorp
Minnesota
$2.25M -$188K -6,973 -8%
SIM
195
Spark Investment Management
New York
$2.2M – – –
Thrivent Financial for Lutherans
196
Thrivent Financial for Lutherans
Minnesota
$2.2M -$402K -14,900 -16%
Nomura Asset Management
197
Nomura Asset Management
Japan
$2.18M -$139K -5,150 -6%
MOACM
198
Mutual of America Capital Management
New York
$2.14M +$78K +2,894 +4%
CIBC Asset Management
199
CIBC Asset Management
Ontario, Canada
$2.11M -$134K -4,983 -6%
CIS
200
Capital International Sarl
California
$2.1M – – –
6 7
8
9 10

PGR Hedge Fund Activity: Q4 2013 in Review

403 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q4 2013, worth a combined $12.2B — down 0.26% from $12.2B a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new PGR positions and 24 closed out — a net gain of 24 holders — while 105 added to existing stakes and 172 trimmed.

The largest buyer was Capital Research Global Investors, adding an estimated $203M. The largest seller was UBS AM, cutting an estimated $97.4M.

  • 403 institutional investors held Progressive (PGR) as of Q4 2013, up from 383 in Q3 2013.
  • Funds reported $12.2B of Progressive stock for Q4 2013, down 0.26% quarter-over-quarter.
  • 48 funds opened new Progressive positions in Q4 2013 and 24 closed out, a net change of +24 holders.
  • The largest Progressive buyer in Q4 2013 was Capital Research Global Investors, an estimated $203M added.
  • The largest Progressive seller in Q4 2013 was UBS AM, an estimated $97.4M sold.

Based on aggregated 13F filings for Q4 2013.