Progressive
PGR
1,459 hedge funds and large institutions have $103B invested in Progressive in 2024 Q1 according to their latest regulatory filings, with 215 funds opening new positions, 550 increasing their positions, 513 reducing their positions, and 70 closing their positions.
207% more first-time investments, than exits
New positions opened: 215 | Existing positions closed: 70
51% more call options, than puts
Call options by funds: $611M | Put options by funds: $406M
49% more funds holding in top 10
Funds holding in top 10: 45 → 67 (+22)
27% more capital invested
Capital invested by funds: $81.2B → $103B (+$22.1B)
10% more funds holding
Funds holding: 1,326 → 1,459 (+133)
7% more repeat investments, than reductions
Existing positions increased: 550 | Existing positions reduced: 513
1.72% less ownership
Funds ownership: 87.11% → 85.39% (-1.7%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Brown Advisory
Baltimore,
Maryland
|
+$448M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$328M |
| 3 |
BlackRock
New York
|
+$313M |
| 4 |
D.E. Shaw & Co
New York
|
+$305M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$299M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$1.29B |
| 2 |
JP Morgan Chase
New York
|
-$928M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$678M |
| 4 |
Viking Global Investors
Stamford,
Connecticut
|
-$525M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$348M |
PGR Hedge Fund Activity: Q1 2024 in Review
1,459 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q1 2024, worth a combined $103B — up 27% from $81.2B a quarter earlier.
Buyers outnumbered sellers: 215 funds opened new PGR positions and 70 closed out — a net gain of 145 holders — while 550 added to existing stakes and 513 trimmed.
The largest buyer was Brown Advisory, adding an estimated $448M. The largest seller was Morgan Stanley, cutting an estimated $1.29B.
- 1,459 institutional investors held Progressive (PGR) as of Q1 2024, up from 1,326 in Q4 2023.
- Funds reported $103B of Progressive stock for Q1 2024, up 27% quarter-over-quarter.
- 215 funds opened new Progressive positions in Q1 2024 and 70 closed out, a net change of +145 holders.
- The largest Progressive buyer in Q1 2024 was Brown Advisory, an estimated $448M added.
- The largest Progressive seller in Q1 2024 was Morgan Stanley, an estimated $1.29B sold.
Based on aggregated 13F filings for Q1 2024.