Progressive
PGR
439 hedge funds and large institutions have $12.4B invested in Progressive in 2015 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 160 increasing their positions, 160 reducing their positions, and 47 closing their positions.
999% more call options, than puts
Call options by funds: $5.11M | Put options by funds: $465K
11% more funds holding in top 10
Funds holding in top 10: 9 → 10 (+1)
2% more capital invested
Capital invested by funds: $12.1B → $12.4B (+$236M)
0.81% more ownership
Funds ownership: 76.39% → 77.19% (+0.81%)
0% more repeat investments, than reductions
Existing positions increased: 160 | Existing positions reduced: 160
2% less first-time investments, than exits
New positions opened: 46 | Existing positions closed: 47
1% less funds holding
Funds holding: 445 → 439 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$186M |
| 2 |
LP
Longview Partners
St Peter Port,
Guernsey
|
+$152M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$64.5M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
+$64.1M |
| 5 |
RIM
RS Investment Management
San Francisco,
California
|
+$59.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$111M |
| 2 |
CCM
Causeway Capital Management
Los Angeles,
California
|
-$99.3M |
| 3 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
-$51.7M |
| 4 |
State Street
Boston,
Massachusetts
|
-$49.5M |
| 5 |
Millennium Management
New York
|
-$42.6M |
PGR Hedge Fund Activity: Q1 2015 in Review
439 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q1 2015, worth a combined $12.4B — up 1.9% from $12.1B a quarter earlier.
Sellers outnumbered buyers: 47 funds closed out of PGR and 46 opened new positions — a net loss of 1 holder — while 160 trimmed existing stakes and 160 added.
The largest buyer was Capital Research Global Investors, adding an estimated $186M. The largest seller was T. Rowe Price Associates, cutting an estimated $111M.
- 439 institutional investors held Progressive (PGR) as of Q1 2015, down from 445 in Q4 2014.
- Funds reported $12.4B of Progressive stock for Q1 2015, up 1.9% quarter-over-quarter.
- 46 funds opened new Progressive positions in Q1 2015 and 47 closed out, a net change of -1 holder.
- The largest Progressive buyer in Q1 2015 was Capital Research Global Investors, an estimated $186M added.
- The largest Progressive seller in Q1 2015 was T. Rowe Price Associates, an estimated $111M sold.
Based on aggregated 13F filings for Q1 2015.