Progressive
PGR
881 hedge funds and large institutions have $35B invested in Progressive in 2020 Q1 according to their latest regulatory filings, with 104 funds opening new positions, 336 increasing their positions, 331 reducing their positions, and 96 closing their positions.
96% more call options, than puts
Call options by funds: $123M | Put options by funds: $62.8M
69% more funds holding in top 10
Funds holding in top 10: 26 → 44 (+18)
1.01% more ownership
Funds ownership: 79.93% → 80.94% (+1%)
8% more first-time investments, than exits
New positions opened: 104 | Existing positions closed: 96
4% more capital invested
Capital invested by funds: $33.8B → $35B (+$1.19B)
2% more repeat investments, than reductions
Existing positions increased: 336 | Existing positions reduced: 331
0% less funds holding
Funds holding: 884 → 881 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$608M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
+$403M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$199M |
| 4 |
Capital World Investors
Los Angeles,
California
|
+$164M |
| 5 |
Viking Global Investors
Stamford,
Connecticut
|
+$161M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
-$204M |
| 2 |
Goldman Sachs
New York
|
-$175M |
| 3 |
EC
Eminence Capital
New York
|
-$175M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$170M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
-$161M |
PGR Hedge Fund Activity: Q1 2020 in Review
881 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q1 2020, worth a combined $35B — up 3.5% from $33.8B a quarter earlier.
Buyers outnumbered sellers: 104 funds opened new PGR positions and 96 closed out — a net gain of 8 holders — while 336 added to existing stakes and 331 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $608M. The largest seller was Ceredex Value Advisors, cutting an estimated $204M.
- 881 institutional investors held Progressive (PGR) as of Q1 2020, down from 884 in Q4 2019.
- Funds reported $35B of Progressive stock for Q1 2020, up 3.5% quarter-over-quarter.
- 104 funds opened new Progressive positions in Q1 2020 and 96 closed out, a net change of +8 holders.
- The largest Progressive buyer in Q1 2020 was Wellington Management Group, an estimated $608M added.
- The largest Progressive seller in Q1 2020 was Ceredex Value Advisors, an estimated $204M sold.
Based on aggregated 13F filings for Q1 2020.