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 29 closing their positions.
100% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 29
6% more funds holding
Funds holding: 395 → 420 (+25)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
0% less capital invested
Capital invested by funds: $10.9B → $10.9B (-$4.03M)
3.15% less ownership
Funds ownership: 76.02% → 72.87% (-3.2%)
21% less repeat investments, than reductions
Existing positions increased: 127 | Existing positions reduced: 161
58% less call options, than puts
Call options by funds: $1.64M | Put options by funds: $3.89M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pzena Investment Management
New York
|
+$69.2M |
| 2 |
Two Sigma Investments
New York
|
+$63.4M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
+$62.6M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$56M |
| 5 |
Two Sigma Advisers
New York
|
+$45.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSA
Davis Selected Advisers
Tucson,
Arizona
|
-$670M |
| 2 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$354M |
| 3 |
Capital World Investors
Los Angeles,
California
|
-$71.4M |
| 4 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$67.8M |
| 5 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
-$51.7M |
PGR Hedge Fund Activity: Q2 2014 in Review
420 of the 3,491 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q2 2014, worth a combined $10.9B — down 0.04% from $10.9B a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new PGR positions and 29 closed out — a net gain of 29 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 395 in Q1 2014.
- Funds reported $10.9B of Progressive stock for Q2 2014, down 0.04% quarter-over-quarter.
- 58 funds opened new Progressive positions in Q2 2014 and 29 closed out, a net change of +29 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.