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Progressive

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: 383403 (+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: 87 (-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
Name Holding Trade Value Shares
Change
Change in
Stake
DSA
1
Davis Selected Advisers
Arizona
$884M -$27.5M -1,019,143 -3%
Capital Research Global Investors
2
Capital Research Global Investors
California
$875M +$203M +7,513,990 +31%
BBHC
3
Brown Brothers Harriman & Co
New York
$734M -$5.09M -188,714 -0.7%
Morgan Stanley
4
Morgan Stanley
New York
$712M -$2.02M -74,759 -0.3%
Vanguard Group
5
Vanguard Group
Pennsylvania
$698M +$7.41M +274,699 +1%
State Street
6
State Street
Massachusetts
$669M +$22.1M +821,417 +3%
Artisan Partners
7
Artisan Partners
Wisconsin
$580M +$18.1M +670,123 +3%
T. Rowe Price Associates
8
T. Rowe Price Associates
Maryland
$525M -$33.5M -1,242,340 -6%
Macquarie Group
9
Macquarie Group
Australia
$486M -$53.2M -1,974,948 -10%
BIT
10
BlackRock Institutional Trust
California
$399M -$3.7M -137,172 -0.9%
Invesco
11
Invesco
Georgia
$295M +$5.45M +202,260 +2%
Neuberger Berman Group
12
Neuberger Berman Group
New York
$281M -$27.2M -1,007,817 -9%
Baillie Gifford & Co
13
Baillie Gifford & Co
United Kingdom
$232M -$1.35M -50,211 -0.6%
Public Sector Pension Investment Board (PSP Investments)
14
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$219M +$585K +21,700 +0.3%
Northern Trust
15
Northern Trust
Illinois
$204M +$815K +30,214 +0.4%
BFA
16
BlackRock Fund Advisors
California
$194M +$7M +259,718 +4%
Mackenzie Financial
17
Mackenzie Financial
Ontario, Canada
$172M -$15.5M -574,894 -8%
Capital World Investors
18
Capital World Investors
California
$166M
Bank of New York Mellon
19
Bank of New York Mellon
New York
$160M -$9.99M -370,455 -6%
Principal Financial Group
20
Principal Financial Group
Iowa
$126M +$2.37M +88,049 +2%
BG
21
BlackRock Group
United Kingdom
$117M -$41.1M -1,523,134 -26%
Diamond Hill Capital Management
22
Diamond Hill Capital Management
Ohio
$112M +$8.44M +312,955 +8%
JWBC
23
John W. Bristol & Co
New York
$111M -$32.1M -1,189,838 -23%
Geode Capital Management
24
Geode Capital Management
Massachusetts
$108M +$3.3M +122,366 +3%
IG
25
ING Group
Netherlands
$106M -$1.46M -54,183 -1%

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.