Progressive
PGR
916 hedge funds and large institutions have $38.5B invested in Progressive in 2020 Q2 according to their latest regulatory filings, with 108 funds opening new positions, 354 increasing their positions, 331 reducing their positions, and 66 closing their positions.
64% more first-time investments, than exits
New positions opened: 108 | Existing positions closed: 66
10% more capital invested
Capital invested by funds: $35.1B → $38.5B (+$3.39B)
4% more funds holding
Funds holding: 881 → 916 (+35)
7% more repeat investments, than reductions
Existing positions increased: 354 | Existing positions reduced: 331
1% more call options, than puts
Call options by funds: $125M | Put options by funds: $123M
0.87% more ownership
Funds ownership: 81.24% → 82.11% (+0.87%)
5% less funds holding in top 10
Funds holding in top 10: 44 → 42 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
+$461M |
| 2 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
+$215M |
| 3 |
BBHC
Brown Brothers Harriman & Co
New York
|
+$207M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$190M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$153M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$189M |
| 2 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
-$162M |
| 3 |
Viking Global Investors
Stamford,
Connecticut
|
-$154M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
-$150M |
| 5 |
Renaissance Technologies
New York
|
-$142M |
PGR Hedge Fund Activity: Q2 2020 in Review
916 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q2 2020, worth a combined $38.5B — up 9.7% from $35.1B a quarter earlier.
Buyers outnumbered sellers: 108 funds opened new PGR positions and 66 closed out — a net gain of 42 holders — while 354 added to existing stakes and 331 trimmed.
The largest buyer was Capital World Investors, adding an estimated $461M. The largest seller was Victory Capital Management, cutting an estimated $189M.
- 916 institutional investors held Progressive (PGR) as of Q2 2020, up from 881 in Q1 2020.
- Funds reported $38.5B of Progressive stock for Q2 2020, up 9.7% quarter-over-quarter.
- 108 funds opened new Progressive positions in Q2 2020 and 66 closed out, a net change of +42 holders.
- The largest Progressive buyer in Q2 2020 was Capital World Investors, an estimated $461M added.
- The largest Progressive seller in Q2 2020 was Victory Capital Management, an estimated $189M sold.
Based on aggregated 13F filings for Q2 2020.