Progressive
PGR
515 hedge funds and large institutions have $15B invested in Progressive in 2016 Q2 according to their latest regulatory filings, with 51 funds opening new positions, 199 increasing their positions, 182 reducing their positions, and 48 closing their positions.
85% more call options, than puts
Call options by funds: $22.1M | Put options by funds: $12M
9% more repeat investments, than reductions
Existing positions increased: 199 | Existing positions reduced: 182
6% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 48
0% less funds holding
Funds holding: 517 → 515 (-2)
0.39% less ownership
Funds ownership: 77.3% → 76.91% (-0.39%)
5% less capital invested
Capital invested by funds: $15.9B → $15B (-$863M)
19% less funds holding in top 10
Funds holding in top 10: 16 → 13 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AQR Capital Management
Greenwich,
Connecticut
|
+$87.5M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$62.2M |
| 3 |
VFA
Virtus Fund Advisers
Hartford,
Connecticut
|
+$58.5M |
| 4 |
LCOV
London Company of Virginia
Richmond,
Virginia
|
+$56.1M |
| 5 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$52.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCP
Tourbillon Capital Partners
New York
|
-$113M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$67M |
| 3 |
VAM
Vontobel Asset Management
New York
|
-$57.6M |
| 4 |
Viking Global Investors
Stamford,
Connecticut
|
-$56.3M |
| 5 |
BBHC
Brown Brothers Harriman & Co
New York
|
-$56.3M |
PGR Hedge Fund Activity: Q2 2016 in Review
515 of the 3,756 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q2 2016, worth a combined $15B — down 5.4% from $15.9B a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new PGR positions and 48 closed out — a net gain of 3 holders — while 199 added to existing stakes and 182 trimmed.
The largest buyer was AQR Capital Management, adding an estimated $87.5M. The largest seller was Tourbillon Capital Partners, exiting entirely with an estimated $113M sold.
- 515 institutional investors held Progressive (PGR) as of Q2 2016, down from 517 in Q1 2016.
- Funds reported $15B of Progressive stock for Q2 2016, down 5.4% quarter-over-quarter.
- 51 funds opened new Progressive positions in Q2 2016 and 48 closed out, a net change of +3 holders.
- The largest Progressive buyer in Q2 2016 was AQR Capital Management, an estimated $87.5M added.
- The largest Progressive seller in Q2 2016 was Tourbillon Capital Partners, an estimated $113M sold.
Based on aggregated 13F filings for Q2 2016.