Progressive
PGR
986 hedge funds and large institutions have $47.5B invested in Progressive in 2020 Q4 according to their latest regulatory filings, with 126 funds opening new positions, 376 increasing their positions, 357 reducing their positions, and 75 closing their positions.
68% more first-time investments, than exits
New positions opened: 126 | Existing positions closed: 75
4% more funds holding
Funds holding: 950 → 986 (+36)
5% more repeat investments, than reductions
Existing positions increased: 376 | Existing positions reduced: 357
4% more capital invested
Capital invested by funds: $45.7B → $47.5B (+$1.8B)
0.64% less ownership
Funds ownership: 82.7% → 82.06% (-0.64%)
26% less funds holding in top 10
Funds holding in top 10: 46 → 34 (-12)
28% less call options, than puts
Call options by funds: $162M | Put options by funds: $224M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
A
AustralianSuper
Melbourne,
Australia
|
+$202M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$200M |
| 3 |
MIHAS
Maj Invest Holding A/S
Copenhagen K,
Denmark
|
+$133M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
+$110M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
+$94.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$429M |
| 2 |
FAM
Fred Alger Management
New York
|
-$181M |
| 3 |
Rockefeller Capital Management
New York
|
-$138M |
| 4 |
Morgan Stanley
New York
|
-$125M |
| 5 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
-$124M |
PGR Hedge Fund Activity: Q4 2020 in Review
986 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q4 2020, worth a combined $47.5B — up 3.9% from $45.7B a quarter earlier.
Buyers outnumbered sellers: 126 funds opened new PGR positions and 75 closed out — a net gain of 51 holders — while 376 added to existing stakes and 357 trimmed.
The largest buyer was AustralianSuper, opening a new position worth an estimated $202M. The largest seller was Wellington Management Group, cutting an estimated $429M.
- 986 institutional investors held Progressive (PGR) as of Q4 2020, up from 950 in Q3 2020.
- Funds reported $47.5B of Progressive stock for Q4 2020, up 3.9% quarter-over-quarter.
- 126 funds opened new Progressive positions in Q4 2020 and 75 closed out, a net change of +51 holders.
- The largest Progressive buyer in Q4 2020 was AustralianSuper, an estimated $202M added.
- The largest Progressive seller in Q4 2020 was Wellington Management Group, an estimated $429M sold.
Based on aggregated 13F filings for Q4 2020.