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Progressive
PGR

492 hedge funds and large institutions have $16.7B invested in Progressive in 2015 Q4 according to their latest regulatory filings, with 60 funds opening new positions, 183 increasing their positions, 168 reducing their positions, and 52 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more call options, than puts

Call options by funds: $47.8M | Put options by funds: $14.4M

15% more first-time investments, than exits

New positions opened: 60 | Existing positions closed: 52

9% more repeat investments, than reductions

Existing positions increased: 183 | Existing positions reduced: 168

3% more capital invested

Capital invested by funds: $16.3B → $16.7B (+$424M)

1% more funds holding

Funds holding: 489 → 492 (+3)

0.94% less ownership

Funds ownership: 80.38% → 79.45% (-0.94%)

33% less funds holding in top 10

Funds holding in top 10: 15 → 10 (-5)

Holders
492
Holders Change
+3
Holders Change %
+0.61%
% of All Funds
12.91%
Holding in Top 10
10
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-33.33%
% of All Funds
0.26%
New
60
Increased
183
Reduced
168
Closed
52
Calls
$47.8M
Puts
$14.4M
Net Calls
+$33.4M
Net Calls Change
-$48.4M

Top Buyers

1
Goldman Sachs
Goldman Sachs
New York
+$55.7M
2
TCP
Tourbillon Capital Partners
New York
+$53.1M
3
JHIU
Janus Henderson Investors US
Colorado
+$46M
4
BFA
BlackRock Fund Advisors
California
+$25.2M
5
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$24.2M

Top Sellers

1
Artisan Partners
Artisan Partners
Wisconsin
-$113M
2
Victory Capital Management
Victory Capital Management
Texas
-$65.8M
3
American Century Companies
American Century Companies
Missouri
-$65.5M
4
Neuberger Berman Group
Neuberger Berman Group
New York
-$55.9M
5
BBHC
Brown Brothers Harriman & Co
New York
-$50.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
LTI
1
Laffer Tengler Investments
Tennessee
$1.96B – – –
Capital Research Global Investors
2
Capital Research Global Investors
California
$1.8B -$14.9M -470,000 -0.8%
Vanguard Group
3
Vanguard Group
Pennsylvania
$1.02B +$21.2M +667,337 +2%
State Street
4
State Street
Massachusetts
$784M +$20.3M +639,336 +3%
BBHC
5
Brown Brothers Harriman & Co
New York
$676M -$50.5M -1,588,962 -7%
FMI
6
Fiduciary Management Inc
Wisconsin
$676M -$33M -1,037,987 -5%
LP
7
Longview Partners
Guernsey
$673M +$12M +378,373 +2%
T. Rowe Price Associates
8
T. Rowe Price Associates
Maryland
$657M +$12M +376,880 +2%
BIT
9
BlackRock Institutional Trust
California
$476M -$2.25M -70,667 -0.5%
Neuberger Berman Group
10
Neuberger Berman Group
New York
$463M -$55.9M -1,760,106 -11%
Artisan Partners
11
Artisan Partners
Wisconsin
$390M -$113M -3,555,374 -22%
Primecap Management
12
Primecap Management
California
$371M +$5.77M +181,675 +2%
Invesco
13
Invesco
Georgia
$364M -$42.4M -1,334,516 -10%
BFA
14
BlackRock Fund Advisors
California
$304M +$25.2M +791,765 +9%
JP Morgan Chase
15
JP Morgan Chase
New York
$228M +$10.5M +331,281 +5%
Northern Trust
16
Northern Trust
Illinois
$212M -$11.3M -354,615 -5%
Geode Capital Management
17
Geode Capital Management
Massachusetts
$169M -$95K -2,989 -0.1%
VAM
18
Vontobel Asset Management
New York
$169M +$10.1M +316,616 +7%
Bank of New York Mellon
19
Bank of New York Mellon
New York
$164M -$7.04M -221,580 -4%
Fidelity Investments
20
Fidelity Investments
Massachusetts
$151M +$4.21M +132,351 +3%
BG
21
BlackRock Group
United Kingdom
$149M +$2.82M +88,618 +2%
Diamond Hill Capital Management
22
Diamond Hill Capital Management
Ohio
$146M -$22.3M -702,471 -13%
Wells Fargo
23
Wells Fargo
California
$136M +$364K +11,448 +0.3%
RIM
24
RS Investment Management
California
$120M +$13.2M +416,312 +12%
MCI
25
McDonald Capital Investors
California
$110M -$733K -23,080 -0.7%
1
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PGR Hedge Fund Activity: Q4 2015 in Review

492 of the 3,812 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q4 2015, worth a combined $16.7B — up 2.6% from $16.3B a quarter earlier.

Buyers outnumbered sellers: 60 funds opened new PGR positions and 52 closed out — a net gain of 8 holders — while 183 added to existing stakes and 168 trimmed.

The largest buyer was Goldman Sachs, adding an estimated $55.7M. The largest seller was Artisan Partners, cutting an estimated $113M.

  • 492 institutional investors held Progressive (PGR) as of Q4 2015, up from 489 in Q3 2015.
  • Funds reported $16.7B of Progressive stock for Q4 2015, up 2.6% quarter-over-quarter.
  • 60 funds opened new Progressive positions in Q4 2015 and 52 closed out, a net change of +8 holders.
  • The largest Progressive buyer in Q4 2015 was Goldman Sachs, an estimated $55.7M added.
  • The largest Progressive seller in Q4 2015 was Artisan Partners, an estimated $113M sold.

Based on aggregated 13F filings for Q4 2015.