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Progressive

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, 229 increasing their positions, 216 reducing their positions, and 41 closing their positions.

New
Increased
Maintained
Reduced
Closed

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 (+$2.45B)

5% more funds holding

Funds holding: 583613 (+30)

6% more repeat investments, than reductions

Existing positions increased: 229 | Existing positions reduced: 216

0.68% more ownership

Funds ownership: 79.4%80.09% (+0.68%)

22% less funds holding in top 10

Funds holding in top 10: 2318 (-5)

51% less call options, than puts

Call options by funds: $27.7M | Put options by funds: $56.3M

Holders
613
Holders Change
+30
Holders Change %
+5.15%
% of All Funds
15.28%
Holding in Top 10
18
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-21.74%
% of All Funds
0.45%
New
75
Increased
229
Reduced
216
Closed
41
Calls
$27.7M
Puts
$56.3M
Net Calls
-$28.6M
Net Calls Change
+$20.8M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$1.7B +$45.3M +1,091,051 +3%
BlackRock
2
BlackRock
New York
$1.61B +$26.4M +636,087 +2%
State Street
3
State Street
Massachusetts
$1.15B -$35.6M -856,930 -3%
T. Rowe Price Associates
4
T. Rowe Price Associates
Maryland
$1.09B +$67.4M +1,623,043 +7%
Capital Research Global Investors
5
Capital Research Global Investors
California
$1.01B -$47.1M -1,134,506 -5%
LP
6
Longview Partners
Guernsey
$862M +$43M +1,035,246 +6%
AllianceBernstein
7
AllianceBernstein
Tennessee
$671M +$796K +19,161 +0.1%
Artisan Partners
8
Artisan Partners
Wisconsin
$511M +$138M +3,332,180 +40%
FMI
9
Fiduciary Management Inc
Wisconsin
$490M -$30.2M -727,423 -6%
Neuberger Berman Group
10
Neuberger Berman Group
New York
$381M -$23.9M -576,549 -6%
TCIM
11
TIAA CREF Investment Management
New York
$314M +$72.8M +1,752,867 +33%
JP Morgan Chase
12
JP Morgan Chase
New York
$310M +$3.31M +79,773 +1%
Invesco
13
Invesco
Georgia
$293M -$52.3M -1,259,521 -16%
Northern Trust
14
Northern Trust
Illinois
$287M -$1.08M -26,053 -0.4%
Janus Henderson Group
15
Janus Henderson Group
United Kingdom
$285M +$266M +6,401,640 +8,999%
Primecap Management
16
Primecap Management
California
$278M -$82.2M -1,979,673 -24%
Geode Capital Management
17
Geode Capital Management
Massachusetts
$248M -$5.38M -129,536 -2%
Principal Financial Group
18
Principal Financial Group
Iowa
$239M +$26.6M +639,307 +13%
O
19
OppenheimerFunds
New York
$227M +$13.4M +323,785 +7%
Bank of New York Mellon
20
Bank of New York Mellon
New York
$212M -$5.61M -134,969 -3%
William Blair Investment Management
21
William Blair Investment Management
Illinois
$212M +$199M +4,779,442 +24,360%
Wells Fargo
22
Wells Fargo
California
$200M +$34M +817,588 +22%
Goldman Sachs
23
Goldman Sachs
New York
$184M -$38.4M -924,899 -18%
Victory Capital Management
24
Victory Capital Management
Texas
$177M -$55M -1,323,763 -25%
Citadel Advisors
25
Citadel Advisors
Florida
$171M +$32.1M +773,234 +25%

PGR Hedge Fund Activity: Q2 2017 in Review

613 of the 4,011 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 229 added to existing stakes and 216 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.