Progressive
PGR
917 hedge funds and large institutions have $38.5B invested in Progressive in 2020 Q2 according to their latest regulatory filings, with 108 funds opening new positions, 354 increasing their positions, 332 reducing their positions, and 65 closing their positions.
66% more first-time investments, than exits
New positions opened: 108 | Existing positions closed: 65
10% more capital invested
Capital invested by funds: $35B → $38.5B (+$3.45B)
4% more funds holding
Funds holding: 881 → 917 (+36)
1.16% more ownership
Funds ownership: 80.94% → 82.1% (+1.2%)
7% more repeat investments, than reductions
Existing positions increased: 354 | Existing positions reduced: 332
1% more call options, than puts
Call options by funds: $125M | Put options by funds: $123M
5% less funds holding in top 10
Funds holding in top 10: 44 → 42 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
+$461M |
| 2 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
+$215M |
| 3 |
BBHC
Brown Brothers Harriman & Co
New York
|
+$207M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$190M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$153M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
-$162M |
| 2 |
Viking Global Investors
Stamford,
Connecticut
|
-$154M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
-$150M |
| 4 |
Renaissance Technologies
New York
|
-$142M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
-$126M |
PGR Hedge Fund Activity: Q2 2020 in Review
917 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q2 2020, worth a combined $38.5B — up 9.9% from $35B a quarter earlier.
Buyers outnumbered sellers: 108 funds opened new PGR positions and 65 closed out — a net gain of 43 holders — while 354 added to existing stakes and 332 trimmed.
The largest buyer was Capital World Investors, adding an estimated $461M. The largest seller was Amundi Asset Management US, cutting an estimated $162M.
- 917 institutional investors held Progressive (PGR) as of Q2 2020, up from 881 in Q1 2020.
- Funds reported $38.5B of Progressive stock for Q2 2020, up 9.9% quarter-over-quarter.
- 108 funds opened new Progressive positions in Q2 2020 and 65 closed out, a net change of +43 holders.
- The largest Progressive buyer in Q2 2020 was Capital World Investors, an estimated $461M added.
- The largest Progressive seller in Q2 2020 was Amundi Asset Management US, an estimated $162M sold.
Based on aggregated 13F filings for Q2 2020.