Progressive
PGR
1,833 hedge funds and large institutions have $116B invested in Progressive in 2025 Q4 according to their latest regulatory filings, with 237 funds opening new positions, 670 increasing their positions, 714 reducing their positions, and 172 closing their positions.
38% more first-time investments, than exits
New positions opened: 237 | Existing positions closed: 172
16% more call options, than puts
Call options by funds: $589M | Put options by funds: $506M
1.82% more ownership
Funds ownership: 84.82% → 86.64% (+1.8%)
2% more funds holding
Funds holding: 1,801 → 1,833 (+32)
6% less repeat investments, than reductions
Existing positions increased: 670 | Existing positions reduced: 714
6% less capital invested
Capital invested by funds: $123B → $116B (-$7.07B)
10% less funds holding in top 10
Funds holding in top 10: 52 → 47 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$948M |
| 2 |
BlackRock
New York
|
+$766M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$328M |
| 4 |
Viking Global Investors
Stamford,
Connecticut
|
+$301M |
| 5 |
Capital International Investors
Los Angeles,
California
|
+$275M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$1.2B |
| 2 |
ECU
Egerton Capital (UK)
London,
United Kingdom
|
-$639M |
| 3 |
JP Morgan Chase
New York
|
-$639M |
| 4 |
Nuveen
Charlotte,
North Carolina
|
-$381M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$309M |
PGR Hedge Fund Activity: Q4 2025 in Review
1,833 of the 8,264 institutional investors tracked by Wall St. Rank reported a position in Progressive (PGR) for Q4 2025, worth a combined $116B — down 5.8% from $123B a quarter earlier.
Buyers outnumbered sellers: 237 funds opened new PGR positions and 172 closed out — a net gain of 65 holders — while 670 added to existing stakes and 714 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $948M. The largest seller was Fidelity Investments, cutting an estimated $1.2B.
- 1,833 institutional investors held Progressive (PGR) as of Q4 2025, up from 1,801 in Q3 2025.
- Funds reported $116B of Progressive stock for Q4 2025, down 5.8% quarter-over-quarter.
- 237 funds opened new Progressive positions in Q4 2025 and 172 closed out, a net change of +65 holders.
- The largest Progressive buyer in Q4 2025 was Wellington Management Group, an estimated $948M added.
- The largest Progressive seller in Q4 2025 was Fidelity Investments, an estimated $1.2B sold.
Based on aggregated 13F filings for Q4 2025.