Progressive
PGR
762 hedge funds and large institutions have $33.7B invested in Progressive in 2018 Q3 according to their latest regulatory filings, with 81 funds opening new positions, 263 increasing their positions, 293 reducing their positions, and 66 closing their positions.
23% more first-time investments, than exits
New positions opened: 81 | Existing positions closed: 66
21% more capital invested
Capital invested by funds: $27.9B → $33.7B (+$5.81B)
1% more funds holding
Funds holding: 756 → 762 (+6)
0% more call options, than puts
Call options by funds: $45.7M | Put options by funds: $45.6M
0.21% more ownership
Funds ownership: 81.34% → 81.55% (+0.21%)
3% less funds holding in top 10
Funds holding in top 10: 30 → 29 (-1)
10% less repeat investments, than reductions
Existing positions increased: 263 | Existing positions reduced: 293
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$242M |
| 2 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$173M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$168M |
| 4 |
Two Sigma Advisers
New York
|
+$141M |
| 5 |
BlackRock
New York
|
+$132M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$428M |
| 2 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
-$387M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
-$342M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$144M |
| 5 |
Goldman Sachs
New York
|
-$89M |
PGR Hedge Fund Activity: Q3 2018 in Review
762 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q3 2018, worth a combined $33.7B — up 21% from $27.9B a quarter earlier.
Buyers outnumbered sellers: 81 funds opened new PGR positions and 66 closed out — a net gain of 15 holders — while 263 added to existing stakes and 293 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $242M. The largest seller was T. Rowe Price Associates, cutting an estimated $428M.
- 762 institutional investors held Progressive (PGR) as of Q3 2018, up from 756 in Q2 2018.
- Funds reported $33.7B of Progressive stock for Q3 2018, up 21% quarter-over-quarter.
- 81 funds opened new Progressive positions in Q3 2018 and 66 closed out, a net change of +15 holders.
- The largest Progressive buyer in Q3 2018 was Wellington Management Group, an estimated $242M added.
- The largest Progressive seller in Q3 2018 was T. Rowe Price Associates, an estimated $428M sold.
Based on aggregated 13F filings for Q3 2018.