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Progressive
PGR

420 hedge funds and large institutions have $10.9B invested in Progressive in 2014 Q2 according to their latest regulatory filings, with 58 funds opening new positions, 127 increasing their positions, 161 reducing their positions, and 28 closing their positions.

New
Increased
Maintained
Reduced
Closed

107% more first-time investments, than exits

New positions opened: 58 | Existing positions closed: 28

7% more funds holding

Funds holding: 394 → 420 (+26)

0% more capital invested

Capital invested by funds: $10.9B → $10.9B (+$9.99M)

0% more funds holding in top 10

Funds holding in top 10: 6 → 6 (0)

3.15% less ownership

Funds ownership: 76.02% → 72.87% (-3.1%)

21% less repeat investments, than reductions

Existing positions increased: 127 | Existing positions reduced: 161

63% less call options, than puts

Call options by funds: $1.24M | Put options by funds: $3.35M

Holders
420
Holders Change
+26
Holders Change %
+6.6%
% of All Funds
12.07%
Holding in Top 10
6
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.17%
New
58
Increased
127
Reduced
161
Closed
28
Calls
$1.24M
Puts
$3.35M
Net Calls
-$2.1M
Net Calls Change
-$2.29M

Top Buyers

1
Pzena Investment Management
Pzena Investment Management
New York
+$69.2M
2
Two Sigma Investments
Two Sigma Investments
New York
+$63.4M
3
Capital Research Global Investors
Capital Research Global Investors
California
+$62.6M
4
Norges Bank
Norges Bank
Norway
+$56M
5
Two Sigma Advisers
Two Sigma Advisers
New York
+$45.9M

Top Sellers

1
DSA
Davis Selected Advisers
Arizona
-$670M
2
Macquarie Group
Macquarie Group
Australia
-$354M
3
Capital World Investors
Capital World Investors
California
-$71.4M
4
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$67.8M
5
Public Sector Pension Investment Board (PSP Investments)
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
-$51.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
SFP
176
Santa Fe Partners
New Mexico
$2.82M +$2.75M +111,132 New
AG
177
Aperio Group
California
$2.76M +$81.4K +3,285 +3%
Grantham, Mayo, Van Otterloo & Co (GMO)
178
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$2.76M -$233K -9,400 -8%
NLI
179
Nippon Life Insurance
Japan
$2.75M -$462K -18,663 -15%
Mitsubishi UFJ Asset Management
180
Mitsubishi UFJ Asset Management
Japan
$2.62M -$142K -5,721 -5%
URS
181
Utah Retirement Systems
Utah
$2.6M -$139K -5,600 -5%
KFC
182
Klingenstein Fields & Co
New York
$2.59M – – –
OTPPB
183
Ontario Teachers' Pension Plan Board
Ontario, Canada
$2.58M -$84.9K -3,425 -3%
COPPSERS
184
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$2.53M -$128K -5,173 -5%
CBOA
185
Commonwealth Bank of Australia
Australia
$2.5M -$5.8M -234,285 -70%
Janus Henderson Group
186
Janus Henderson Group
United Kingdom
$2.47M – – –
CBB
187
Citizens Business Bank
California
$2.38M +$322K +13,000 +16%
State of Tennessee, Department of Treasury
188
State of Tennessee, Department of Treasury
Tennessee
$2.38M – – –
GCP
189
GSA Capital Partners
United Kingdom
$2.26M +$1.99M +80,406 +924%
WAM
190
Winslow Asset Management
Ohio
$2.24M -$423K -17,060 -16%
BSPF
191
British Steel Pension Fund
United Kingdom
$2.21M – – –
BFA
192
Bragg Financial Advisors
North Carolina
$2.15M -$29K -1,170 -1%
Thrivent Financial for Lutherans
193
Thrivent Financial for Lutherans
Minnesota
$2.13M +$9.91K +400 +0.5%
TRSOTSOK
194
Teachers Retirement System of the State of Kentucky
Kentucky
$2.11M -$129K -5,200 -6%
LS
195
Livforsakringsbolaget Skandia
Sweden
$2.08M – – –
FMT
196
First Mercantile Trust
Tennessee
$2.07M -$791K -31,921 -28%
Korea Investment Corp
197
Korea Investment Corp
South Korea
$2.03M +$1.42M +57,200 +251%
LMGAM
198
Liberty Mutual Group Asset Management
Massachusetts
$1.97M +$181K +7,291 +10%
US Bancorp
199
US Bancorp
Minnesota
$1.96M -$16.3K -656 -0.8%
WAM
200
World Asset Management
Michigan
$1.96M -$63.7K -2,573 -3%
6 7
8
9 10

PGR Hedge Fund Activity: Q2 2014 in Review

420 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q2 2014, worth a combined $10.9B — up 0.09% from $10.9B a quarter earlier.

Buyers outnumbered sellers: 58 funds opened new PGR positions and 28 closed out — a net gain of 30 holders — while 127 added to existing stakes and 161 trimmed.

The largest buyer was Pzena Investment Management, adding an estimated $69.2M. The largest seller was Davis Selected Advisers, cutting an estimated $670M.

  • 420 institutional investors held Progressive (PGR) as of Q2 2014, up from 394 in Q1 2014.
  • Funds reported $10.9B of Progressive stock for Q2 2014, up 0.09% quarter-over-quarter.
  • 58 funds opened new Progressive positions in Q2 2014 and 28 closed out, a net change of +30 holders.
  • The largest Progressive buyer in Q2 2014 was Pzena Investment Management, an estimated $69.2M added.
  • The largest Progressive seller in Q2 2014 was Davis Selected Advisers, an estimated $670M sold.

Based on aggregated 13F filings for Q2 2014.