Progressive
PGR
910 hedge funds and large institutions have $37.2B invested in Progressive in 2019 Q2 according to their latest regulatory filings, with 104 funds opening new positions, 314 increasing their positions, 376 reducing their positions, and 65 closing their positions.
60% more first-time investments, than exits
New positions opened: 104 | Existing positions closed: 65
15% more funds holding in top 10
Funds holding in top 10: 34 → 39 (+5)
10% more capital invested
Capital invested by funds: $33.8B → $37.2B (+$3.42B)
3% more funds holding
Funds holding: 884 → 910 (+26)
8% more call options, than puts
Call options by funds: $75.4M | Put options by funds: $70.1M
0.25% less ownership
Funds ownership: 80.37% → 80.11% (-0.25%)
16% less repeat investments, than reductions
Existing positions increased: 314 | Existing positions reduced: 376
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nuveen
Charlotte,
North Carolina
|
+$273M |
| 2 |
Baird Financial Group
Milwaukee,
Wisconsin
|
+$192M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$191M |
| 4 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
+$179M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
+$139M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$183M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$182M |
| 3 |
Janus Henderson Group
London,
|
-$165M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$94.7M |
| 5 |
Viking Global Investors
Stamford,
Connecticut
|
-$79.7M |
PGR Hedge Fund Activity: Q2 2019 in Review
910 of the 4,625 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q2 2019, worth a combined $37.2B — up 10% from $33.8B a quarter earlier.
Buyers outnumbered sellers: 104 funds opened new PGR positions and 65 closed out — a net gain of 39 holders — while 314 added to existing stakes and 376 trimmed.
The largest buyer was Nuveen, adding an estimated $273M. The largest seller was Artisan Partners, cutting an estimated $183M.
- 910 institutional investors held Progressive (PGR) as of Q2 2019, up from 884 in Q1 2019.
- Funds reported $37.2B of Progressive stock for Q2 2019, up 10% quarter-over-quarter.
- 104 funds opened new Progressive positions in Q2 2019 and 65 closed out, a net change of +39 holders.
- The largest Progressive buyer in Q2 2019 was Nuveen, an estimated $273M added.
- The largest Progressive seller in Q2 2019 was Artisan Partners, an estimated $183M sold.
Based on aggregated 13F filings for Q2 2019.