Progressive
PGR
395 hedge funds and large institutions have $10.9B invested in Progressive in 2014 Q1 according to their latest regulatory filings, with 37 funds opening new positions, 126 increasing their positions, 165 reducing their positions, and 38 closing their positions.
2% more call options, than puts
Call options by funds: $5.34M | Put options by funds: $5.24M
3% less first-time investments, than exits
New positions opened: 37 | Existing positions closed: 38
2% less funds holding
Funds holding: 404 → 395 (-9)
3.23% less ownership
Funds ownership: 79.25% → 76.02% (-3.2%)
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
16% less capital invested
Capital invested by funds: $13B → $10.9B (-$2.01B)
24% less repeat investments, than reductions
Existing positions increased: 126 | Existing positions reduced: 165
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$87.4M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$68.3M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
+$64.4M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$63.6M |
| 5 |
CCM
Causeway Capital Management
Los Angeles,
California
|
+$60.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BBHC
Brown Brothers Harriman & Co
New York
|
-$635M |
| 2 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
-$117M |
| 3 |
IG
ING Group
Amsterdam,
Netherlands
|
-$86.7M |
| 4 |
Capital World Investors
Los Angeles,
California
|
-$76M |
| 5 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$56.2M |
PGR Hedge Fund Activity: Q1 2014 in Review
395 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q1 2014, worth a combined $10.9B — down 16% from $13B a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of PGR and 37 opened new positions — a net loss of 1 holder — while 165 trimmed existing stakes and 126 added.
The largest buyer was Mackenzie Financial, adding an estimated $87.4M. The largest seller was Brown Brothers Harriman & Co, cutting an estimated $635M.
- 395 institutional investors held Progressive (PGR) as of Q1 2014, down from 404 in Q4 2013.
- Funds reported $10.9B of Progressive stock for Q1 2014, down 16% quarter-over-quarter.
- 37 funds opened new Progressive positions in Q1 2014 and 38 closed out, a net change of -1 holder.
- The largest Progressive buyer in Q1 2014 was Mackenzie Financial, an estimated $87.4M added.
- The largest Progressive seller in Q1 2014 was Brown Brothers Harriman & Co, an estimated $635M sold.
Based on aggregated 13F filings for Q1 2014.