Progressive
PGR
546 hedge funds and large institutions have $16.4B invested in Progressive in 2016 Q4 according to their latest regulatory filings, with 89 funds opening new positions, 173 increasing their positions, 207 reducing their positions, and 29 closing their positions.
207% more first-time investments, than exits
New positions opened: 89 | Existing positions closed: 29
70% more funds holding in top 10
Funds holding in top 10: 10 → 17 (+7)
16% more capital invested
Capital invested by funds: $14.1B → $16.4B (+$2.26B)
11% more funds holding
Funds holding: 492 → 546 (+54)
2.51% more ownership
Funds ownership: 76.98% → 79.49% (+2.5%)
16% less repeat investments, than reductions
Existing positions increased: 173 | Existing positions reduced: 207
23% less call options, than puts
Call options by funds: $13M | Put options by funds: $17M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$288M |
| 2 |
TCIM
TIAA CREF Investment Management
New York
|
+$118M |
| 3 |
TCM
TimesSquare Capital Management
New York
|
+$88.3M |
| 4 |
Millennium Management
New York
|
+$82.1M |
| 5 |
State Street
Boston,
Massachusetts
|
+$76.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$313M |
| 2 |
Bank of New York Mellon
New York
|
-$72M |
| 3 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$70.6M |
| 4 |
Neuberger Berman Group
New York
|
-$64.1M |
| 5 |
BBHC
Brown Brothers Harriman & Co
New York
|
-$58.2M |
PGR Hedge Fund Activity: Q4 2016 in Review
546 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q4 2016, worth a combined $16.4B — up 16% from $14.1B a quarter earlier.
Buyers outnumbered sellers: 89 funds opened new PGR positions and 29 closed out — a net gain of 60 holders — while 173 added to existing stakes and 207 trimmed.
The largest buyer was AllianceBernstein, adding an estimated $288M. The largest seller was Capital Research Global Investors, cutting an estimated $313M.
- 546 institutional investors held Progressive (PGR) as of Q4 2016, up from 492 in Q3 2016.
- Funds reported $16.4B of Progressive stock for Q4 2016, up 16% quarter-over-quarter.
- 89 funds opened new Progressive positions in Q4 2016 and 29 closed out, a net change of +60 holders.
- The largest Progressive buyer in Q4 2016 was AllianceBernstein, an estimated $288M added.
- The largest Progressive seller in Q4 2016 was Capital Research Global Investors, an estimated $313M sold.
Based on aggregated 13F filings for Q4 2016.