Progressive Investment Management Corp 13F annual report
Progressive Investment Management Corp is an investment fund managing more than $377 billion ran by Carsten Henningsen. There are currently 49 companies in Mr. Henningsen’s portfolio. The largest investments include Microsoft and Apple Inc, together worth $73.7 billion.
$377 billion Assets Under Management (AUM)
As of 6th August 2024, Progressive Investment Management Corp’s top holding is 88,133 shares of Microsoft currently worth over $39.4 billion and making up 10.4% of the portfolio value.
Relative to the number of outstanding shares of Microsoft, Progressive Investment Management Corp owns more than approximately 0.1% of the company.
In addition, the fund holds 162,759 shares of Apple Inc worth $34.3 billion, whose value grew 17.6% in the past six months.
The third-largest holding is Amazon.com worth $23.5 billion and the next is Alphabet Inc worth $25.5 billion, with 139,345 shares owned.
Currently, Progressive Investment Management Corp's portfolio is worth at least $377 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Progressive Investment Management Corp
The Progressive Investment Management Corp office and employees reside in Lake Oswego, Oregon. According to the last 13-F report filed with the SEC, Carsten Henningsen serves as the Director at Progressive Investment Management Corp.
Recent trades
In the most recent 13F filing, Progressive Investment Management Corp revealed that it had opened a new position in
Lam Research and bought 4,382 shares worth $4.67 billion.
This means they effectively own approximately 0.1% of the company.
Lam Research makes up
3.3%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in NVIDIA Corp by buying
145,943 additional shares.
This makes their stake in NVIDIA Corp total 162,354 shares worth $20.1 billion.
NVIDIA Corp dropped approximately 0.1% in the past year.
On the other hand, there are companies that Progressive Investment Management Corp is getting rid of from its portfolio.
Progressive Investment Management Corp closed its position in Cbre Group Inc on 13th August 2024.
It sold the previously owned 50,699 shares for $4.93 billion.
Carsten Henningsen also disclosed a decreased stake in Microsoft by approximately 0.1%.
This leaves the value of the investment at $39.4 billion and 88,133 shares.
One of the smaller hedge funds
The two most similar investment funds to Progressive Investment Management Corp are Encompass Wealth Advisors and Round Rock Advisors. They manage $377 billion and $377 billion respectively.
Carsten Henningsen investment strategy
Progressive Investment Management Corp’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Technology — making up 37.8% of
the total portfolio value.
The fund focuses on investments in the United States as
65.3% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
69% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $278 billion.
The complete list of Progressive Investment Management Corp trades based on 13F SEC filings
These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Microsoft Corporation |
1.32%
88,133
|
$39,390,830,000 | 10.44% |
| Apple Inc |
1.56%
162,759
|
$34,280,216,000 | 9.08% |
| Amazon.com Inc. |
1.85%
121,704
|
$23,519,298,000 | 6.23% |
| Alphabet Inc |
1.52%
139,345
|
$25,526,847,000 | 6.76% |
| NVIDIA Corp |
889.30%
162,354
|
$20,057,213,000 | 5.31% |
| Costco Whsl Corp New |
0.83%
18,758
|
$15,944,024,000 | 4.22% |
| Moodys Corp |
1.30%
36,345
|
$15,298,701,000 | 4.05% |
| Gartner, Inc. |
1.18%
30,870
|
$13,862,482,000 | 3.67% |
| S&P Global Inc |
1.61%
29,915
|
$13,342,090,000 | 3.54% |
| Visa Inc |
1.50%
45,522
|
$11,948,159,000 | 3.17% |
| Danaher Corp. |
1.46%
47,467
|
$11,859,630,000 | 3.14% |
| Idexx Labs Inc |
1.36%
22,281
|
$10,855,303,000 | 2.88% |
| Verisk Analytics Inc |
1.66%
39,874
|
$10,748,037,000 | 2.85% |
| Roper Technologies Inc |
1.64%
17,993
|
$10,141,934,000 | 2.69% |
| Tyler Technologies, Inc. |
1.99%
19,534
|
$9,821,305,000 | 2.60% |
| Booking Holdings Inc |
1.18%
2,347
|
$9,297,641,000 | 2.46% |
| ServiceNow Inc |
1.54%
11,315
|
$8,901,171,000 | 2.36% |
| Mastercard Incorporated |
1.15%
19,720
|
$8,699,675,000 | 2.31% |
| Fastenal Co. |
0.79%
133,329
|
$8,378,394,000 | 2.22% |
| MSCI Inc |
0.82%
16,562
|
$7,978,744,000 | 2.11% |
| Thermo Fisher Scientific Inc. |
1.93%
12,104
|
$6,693,512,000 | 1.77% |
| Adobe Inc |
40.36%
11,404
|
$6,335,378,000 | 1.68% |
| Waters Corp. |
1.81%
21,125
|
$6,128,785,000 | 1.62% |
| KLA Corp. |
0.77%
6,708
|
$5,530,813,000 | 1.47% |
| Cbre Group Inc |
Closed
50,699
|
$4,929,971,000 | |
| Cadence Design System Inc |
0.78%
15,584
|
$4,795,976,000 | 1.27% |
| Trane Technologies plc |
854.53%
14,318
|
$4,709,620,000 | 1.25% |
| Lam Research Corp. |
Opened
4,382
|
$4,666,173,000 | 1.24% |
| Applied Matls Inc |
Opened
19,641
|
$4,635,080,000 | 1.23% |
| Autodesk Inc. |
33.88%
16,916
|
$4,185,864,000 | 1.11% |
| Salesforce Inc |
34.47%
15,267
|
$3,925,146,000 | 1.04% |
| Align Technology, Inc. |
1.47%
11,562
|
$2,791,414,000 | 0.74% |
| Aon plc. |
1.64%
9,050
|
$2,656,899,000 | 0.70% |
| Veralto Corp |
Closed
16,049
|
$1,422,904,000 | |
| Johnson & Johnson |
No change
9,469
|
$1,383,989,000 | 0.37% |
| Ishares Tr |
2.59%
18,826
|
$1,858,134,000 | 0.49% |
| Tjx Cos Inc New |
No change
6,417
|
$706,512,000 | 0.19% |
| Berkshire Hathaway Inc. |
No change
1,660
|
$675,288,000 | 0.18% |
| 3M Co. |
No change
5,817
|
$594,439,000 | 0.16% |
| Deere & Co. |
0.71%
1,534
|
$573,148,000 | 0.15% |
| Spdr S&p Midcap 400 Etf Tr |
No change
1,057
|
$565,580,000 | 0.15% |
| Corning, Inc. |
No change
10,937
|
$424,902,000 | 0.11% |
| Vanguard World Fd |
No change
5,400
|
$1,241,436,000 | 0.33% |
| International Business Machs |
No change
2,149
|
$371,670,000 | 0.10% |
| Nike, Inc. |
No change
4,800
|
$361,776,000 | 0.10% |
| AMGEN Inc. |
No change
1,105
|
$345,257,000 | 0.09% |
| Automatic Data Processing In |
No change
1,419
|
$338,701,000 | 0.09% |
| Ameriprise Finl Inc |
No change
720
|
$307,577,000 | 0.08% |
| Disney Walt Co |
No change
2,757
|
$273,743,000 | 0.07% |
| Vanguard Mun Bd Fds |
Opened
4,656
|
$233,312,000 | 0.06% |
| Us Bancorp Del |
Closed
4,949
|
$221,220,000 | |
| Invesco Exch Traded Fd Tr Ii |
Opened
8,205
|
$216,448,000 | 0.06% |
| No transactions found | |||
| Showing first 500 out of 52 holdings | |||
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