Progressive
PGR
1,801 hedge funds and large institutions have $123B invested in Progressive in 2025 Q3 according to their latest regulatory filings, with 114 funds opening new positions, 679 increasing their positions, 767 reducing their positions, and 195 closing their positions.
20% more call options, than puts
Call options by funds: $525M | Put options by funds: $436M
1.38% less ownership
Funds ownership: 86.19% → 84.82% (-1.4%)
6% less funds holding
Funds holding: 1,908 → 1,801 (-107)
9% less capital invested
Capital invested by funds: $135B → $123B (-$12.1B)
11% less repeat investments, than reductions
Existing positions increased: 679 | Existing positions reduced: 767
34% less funds holding in top 10
Funds holding in top 10: 79 → 52 (-27)
42% less first-time investments, than exits
New positions opened: 114 | Existing positions closed: 195
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
+$1.49B |
| 2 |
JP Morgan Chase
New York
|
+$732M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
+$571M |
| 4 |
Two Sigma Advisers
New York
|
+$339M |
| 5 |
BlackRock
New York
|
+$266M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jennison Associates
New York
|
-$782M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
-$646M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$562M |
| 4 |
UBS AM
Chicago,
Illinois
|
-$330M |
| 5 |
Brown Advisory
Baltimore,
Maryland
|
-$264M |
PGR Hedge Fund Activity: Q3 2025 in Review
1,801 of the 7,639 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q3 2025, worth a combined $123B — down 9% from $135B a quarter earlier.
Sellers outnumbered buyers: 195 funds closed out of PGR and 114 opened new positions — a net loss of 81 holders — while 767 trimmed existing stakes and 679 added.
The largest buyer was Capital International Investors, adding an estimated $1.49B. The largest seller was Jennison Associates, cutting an estimated $782M.
- 1,801 institutional investors held Progressive (PGR) as of Q3 2025, down from 1,908 in Q2 2025.
- Funds reported $123B of Progressive stock for Q3 2025, down 9% quarter-over-quarter.
- 114 funds opened new Progressive positions in Q3 2025 and 195 closed out, a net change of -81 holders.
- The largest Progressive buyer in Q3 2025 was Capital International Investors, an estimated $1.49B added.
- The largest Progressive seller in Q3 2025 was Jennison Associates, an estimated $782M sold.
Based on aggregated 13F filings for Q3 2025.