Progressive
PGR
460 hedge funds and large institutions have $12.9B invested in Progressive in 2015 Q2 according to their latest regulatory filings, with 56 funds opening new positions, 160 increasing their positions, 157 reducing their positions, and 29 closing their positions.
173% more call options, than puts
Call options by funds: $43.1M | Put options by funds: $15.8M
93% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 29
5% more funds holding
Funds holding: 438 → 460 (+22)
2.24% more ownership
Funds ownership: 77.19% → 79.44% (+2.2%)
5% more capital invested
Capital invested by funds: $12.3B → $12.9B (+$594M)
2% more repeat investments, than reductions
Existing positions increased: 160 | Existing positions reduced: 157
10% less funds holding in top 10
Funds holding in top 10: 10 → 9 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LP
Longview Partners
St Peter Port,
Guernsey
|
+$423M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
+$261M |
| 3 |
Primecap Management
Pasadena,
California
|
+$63.5M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$26.2M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$25.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$246M |
| 2 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
-$110M |
| 3 |
Victory Capital Management
San Antonio,
Texas
|
-$52.8M |
| 4 |
Two Sigma Advisers
New York
|
-$33.5M |
| 5 |
BBHC
Brown Brothers Harriman & Co
New York
|
-$23.9M |
PGR Hedge Fund Activity: Q2 2015 in Review
460 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q2 2015, worth a combined $12.9B — up 4.8% from $12.3B a quarter earlier.
Buyers outnumbered sellers: 56 funds opened new PGR positions and 29 closed out — a net gain of 27 holders — while 160 added to existing stakes and 157 trimmed.
The largest buyer was Longview Partners, adding an estimated $423M. The largest seller was Morgan Stanley, cutting an estimated $246M.
- 460 institutional investors held Progressive (PGR) as of Q2 2015, up from 438 in Q1 2015.
- Funds reported $12.9B of Progressive stock for Q2 2015, up 4.8% quarter-over-quarter.
- 56 funds opened new Progressive positions in Q2 2015 and 29 closed out, a net change of +27 holders.
- The largest Progressive buyer in Q2 2015 was Longview Partners, an estimated $423M added.
- The largest Progressive seller in Q2 2015 was Morgan Stanley, an estimated $246M sold.
Based on aggregated 13F filings for Q2 2015.