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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
MOACM
201
Mutual of America Capital Management
New York
$1.94M -$36.9K -1,490 -2%
AQR Capital Management
202
AQR Capital Management
Connecticut
$1.93M -$282K -11,400 -13%
STC
203
SEI Trust Company
Pennsylvania
$1.93M -$1.28M -51,747 -40%
Nomura Asset Management
204
Nomura Asset Management
Japan
$1.91M -$22.3K -900 -1%
MHIC
205
Marble Harbor Investment Counsel
Massachusetts
$1.91M +$125K +5,050 +7%
NMERB
206
New Mexico Educational Retirement Board
New Mexico
$1.83M – – –
OA
207
OFI Advisors
Pennsylvania
$1.8M -$27.4K -1,104 -2%
CIBC Private Wealth Group
208
CIBC Private Wealth Group
Georgia
$1.8M -$484K -19,531 -22%
BF
209
BOK Financial
Oklahoma
$1.78M +$652K +26,310 +60%
CIBC Asset Management
210
CIBC Asset Management
Ontario, Canada
$1.77M -$56.2K -2,270 -3%
GH
211
GAM Holding
Switzerland
$1.76M – – –
Nordea Investment Management
212
Nordea Investment Management
Sweden
$1.75M – – –
RNS
213
Robert N. Shapiro
$1.73M +$1.69M +68,380 New
WF
214
Welch & Forbes
Massachusetts
$1.73M +$52.5K +2,118 +3%
CC
215
Cipher Capital
New York
$1.72M +$1.68M +67,905 New
DA
216
Denali Advisors
California
$1.66M – – –
QI
217
Quotient Investors
New York
$1.65M -$9.31K -376 -0.6%
AI
218
Analytic Investors
California
$1.64M +$1.6M +64,497 New
GIA
219
Gateway Investment Advisers
Ohio
$1.63M +$201K +8,100 +14%
Susquehanna International Group
220
Susquehanna International Group
Pennsylvania
$1.62M -$1.83M -73,911 -54%
PAM
221
Princeton Alpha Management
New Jersey
$1.59M +$1.56M +62,802 New
BCMU
222
BlueCrest Capital Management (UK)
Guernsey
$1.52M +$1.49M +60,000 New
PCM
223
Parsons Capital Management
Rhode Island
$1.51M +$1.48M +59,685 New
LIA
224
LS Investment Advisors
Michigan
$1.49M +$2.13K +86 +0.1%
Jacobs Levy Equity Management
225
Jacobs Levy Equity Management
New Jersey
$1.47M -$22.3K -900 -2%
7 8
9
10 11

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.