Progressive
PGR
884 hedge funds and large institutions have $33.8B invested in Progressive in 2019 Q1 according to their latest regulatory filings, with 105 funds opening new positions, 349 increasing their positions, 303 reducing their positions, and 62 closing their positions.
136% more call options, than puts
Call options by funds: $138M | Put options by funds: $58.6M
69% more first-time investments, than exits
New positions opened: 105 | Existing positions closed: 62
19% more capital invested
Capital invested by funds: $28.4B → $33.8B (+$5.39B)
15% more repeat investments, than reductions
Existing positions increased: 349 | Existing positions reduced: 303
13% more funds holding in top 10
Funds holding in top 10: 30 → 34 (+4)
5% more funds holding
Funds holding: 845 → 884 (+39)
0.44% less ownership
Funds ownership: 80.81% → 80.37% (-0.44%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$197M |
| 2 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
+$180M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$132M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
+$112M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$101M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$193M |
| 2 |
Viking Global Investors
Stamford,
Connecticut
|
-$161M |
| 3 |
Millennium Management
New York
|
-$124M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$119M |
| 5 |
Bank of New York Mellon
New York
|
-$91.4M |
PGR Hedge Fund Activity: Q1 2019 in Review
884 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q1 2019, worth a combined $33.8B — up 19% from $28.4B a quarter earlier.
Buyers outnumbered sellers: 105 funds opened new PGR positions and 62 closed out — a net gain of 43 holders — while 349 added to existing stakes and 303 trimmed.
The largest buyer was Vanguard Group, adding an estimated $197M. The largest seller was Arrowstreet Capital, cutting an estimated $193M.
- 884 institutional investors held Progressive (PGR) as of Q1 2019, up from 845 in Q4 2018.
- Funds reported $33.8B of Progressive stock for Q1 2019, up 19% quarter-over-quarter.
- 105 funds opened new Progressive positions in Q1 2019 and 62 closed out, a net change of +43 holders.
- The largest Progressive buyer in Q1 2019 was Vanguard Group, an estimated $197M added.
- The largest Progressive seller in Q1 2019 was Arrowstreet Capital, an estimated $193M sold.
Based on aggregated 13F filings for Q1 2019.