Progressive
PGR
1,105 hedge funds and large institutions have $58.8B invested in Progressive in 2022 Q3 according to their latest regulatory filings, with 105 funds opening new positions, 387 increasing their positions, 438 reducing their positions, and 67 closing their positions.
57% more first-time investments, than exits
New positions opened: 105 | Existing positions closed: 67
2% more funds holding
Funds holding: 1,082 → 1,105 (+23)
2% more funds holding in top 10
Funds holding in top 10: 59 → 60 (+1)
4% more call options, than puts
Call options by funds: $177M | Put options by funds: $170M
2% more capital invested
Capital invested by funds: $57.8B → $58.8B (+$981M)
0.19% less ownership
Funds ownership: 85.59% → 85.4% (-0.19%)
12% less repeat investments, than reductions
Existing positions increased: 387 | Existing positions reduced: 438
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
United Kingdom
|
+$609M |
| 2 |
OTPPB
Ontario Teachers' Pension Plan Board
Toronto,
Ontario, Canada
|
+$419M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$266M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$234M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$97.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$1.2B |
| 2 |
MIHAS
Maj Invest Holding A/S
Copenhagen K,
Denmark
|
-$293M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
-$171M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$157M |
| 5 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
-$83.7M |
PGR Hedge Fund Activity: Q3 2022 in Review
1,105 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q3 2022, worth a combined $58.8B — up 1.7% from $57.8B a quarter earlier.
Buyers outnumbered sellers: 105 funds opened new PGR positions and 67 closed out — a net gain of 38 holders — while 387 added to existing stakes and 438 trimmed.
The largest buyer was Janus Henderson Group, adding an estimated $609M. The largest seller was Wellington Management Group, cutting an estimated $1.2B.
- 1,105 institutional investors held Progressive (PGR) as of Q3 2022, up from 1,082 in Q2 2022.
- Funds reported $58.8B of Progressive stock for Q3 2022, up 1.7% quarter-over-quarter.
- 105 funds opened new Progressive positions in Q3 2022 and 67 closed out, a net change of +38 holders.
- The largest Progressive buyer in Q3 2022 was Janus Henderson Group, an estimated $609M added.
- The largest Progressive seller in Q3 2022 was Wellington Management Group, an estimated $1.2B sold.
Based on aggregated 13F filings for Q3 2022.