Progressive
PGR
673 hedge funds and large institutions have $26.6B invested in Progressive in 2017 Q4 according to their latest regulatory filings, with 105 funds opening new positions, 235 increasing their positions, 231 reducing their positions, and 41 closing their positions.
156% more first-time investments, than exits
New positions opened: 105 | Existing positions closed: 41
18% more capital invested
Capital invested by funds: $22.6B → $26.6B (+$3.96B)
10% more funds holding in top 10
Funds holding in top 10: 20 → 22 (+2)
10% more funds holding
Funds holding: 612 → 673 (+61)
2% more repeat investments, than reductions
Existing positions increased: 235 | Existing positions reduced: 231
0.95% more ownership
Funds ownership: 80.2% → 81.15% (+0.95%)
34% less call options, than puts
Call options by funds: $35M | Put options by funds: $52.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$166M |
| 2 |
Goldman Sachs
New York
|
+$94M |
| 3 |
BlackRock
New York
|
+$90.2M |
| 4 |
SC
Sculptor Capital
New York
|
+$86.1M |
| 5 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$63.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LP
Longview Partners
St Peter Port,
Guernsey
|
-$296M |
| 2 |
Millennium Management
New York
|
-$59.8M |
| 3 |
William Blair Investment Management
Chicago,
Illinois
|
-$58.9M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$55.9M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$53.8M |
PGR Hedge Fund Activity: Q4 2017 in Review
673 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q4 2017, worth a combined $26.6B — up 18% from $22.6B a quarter earlier.
Buyers outnumbered sellers: 105 funds opened new PGR positions and 41 closed out — a net gain of 64 holders — while 235 added to existing stakes and 231 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $166M. The largest seller was Longview Partners, exiting entirely with an estimated $296M sold.
- 673 institutional investors held Progressive (PGR) as of Q4 2017, up from 612 in Q3 2017.
- Funds reported $26.6B of Progressive stock for Q4 2017, up 18% quarter-over-quarter.
- 105 funds opened new Progressive positions in Q4 2017 and 41 closed out, a net change of +64 holders.
- The largest Progressive buyer in Q4 2017 was JP Morgan Chase, an estimated $166M added.
- The largest Progressive seller in Q4 2017 was Longview Partners, an estimated $296M sold.
Based on aggregated 13F filings for Q4 2017.