Progressive
PGR
613 hedge funds and large institutions have $20.5B invested in Progressive in 2017 Q2 according to their latest regulatory filings, with 75 funds opening new positions, 230 increasing their positions, 215 reducing their positions, and 41 closing their positions.
83% more first-time investments, than exits
New positions opened: 75 | Existing positions closed: 41
14% more capital invested
Capital invested by funds: $18.1B → $20.5B (+$2.44B)
5% more funds holding
Funds holding: 583 → 613 (+30)
7% more repeat investments, than reductions
Existing positions increased: 230 | Existing positions reduced: 215
0.69% more ownership
Funds ownership: 79.4% → 80.09% (+0.69%)
22% less funds holding in top 10
Funds holding in top 10: 23 → 18 (-5)
51% less call options, than puts
Call options by funds: $27.8M | Put options by funds: $56.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
|
+$266M |
| 2 |
William Blair Investment Management
Chicago,
Illinois
|
+$199M |
| 3 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$138M |
| 4 |
VOYA Investment Management
Atlanta,
Georgia
|
+$92.7M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$86.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BBHC
Brown Brothers Harriman & Co
New York
|
-$302M |
| 2 |
Viking Global Investors
Stamford,
Connecticut
|
-$121M |
| 3 |
Millennium Management
New York
|
-$97.1M |
| 4 |
Primecap Management
Pasadena,
California
|
-$82.2M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
-$55M |
PGR Hedge Fund Activity: Q2 2017 in Review
613 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q2 2017, worth a combined $20.5B — up 14% from $18.1B a quarter earlier.
Buyers outnumbered sellers: 75 funds opened new PGR positions and 41 closed out — a net gain of 34 holders — while 230 added to existing stakes and 215 trimmed.
The largest buyer was Janus Henderson Group, adding an estimated $266M. The largest seller was Brown Brothers Harriman & Co, cutting an estimated $302M.
- 613 institutional investors held Progressive (PGR) as of Q2 2017, up from 583 in Q1 2017.
- Funds reported $20.5B of Progressive stock for Q2 2017, up 14% quarter-over-quarter.
- 75 funds opened new Progressive positions in Q2 2017 and 41 closed out, a net change of +34 holders.
- The largest Progressive buyer in Q2 2017 was Janus Henderson Group, an estimated $266M added.
- The largest Progressive seller in Q2 2017 was Brown Brothers Harriman & Co, an estimated $302M sold.
Based on aggregated 13F filings for Q2 2017.