The Progressive Corporation
MX ˙ BMV ˙ US7433151039
SecurityMX:PGR / The Progressive Corporation
InstitutionGeode Capital Management, Llc
Latest Disclosed Ownership16,256,844 shares
Latest Disclosed Value $ 3,220,360,293
Geode Capital Management, Llc reports 4.13% increase in ownership of PGR / The Progressive Corporation

On May 15, 2026 - Geode Capital Management, Llc filed a 13F-HR form disclosing ownership of 16,256,844 shares of The Progressive Corporation (MX:PGR) valued at $3,220,360,293 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 15,612,584 shares of The Progressive Corporation. This represents a change in shares of 4.13% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Upgrade to unlock premium data and export to Excel .

Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F PROGRESSIVE COM 743315103 16,256,844 644,260 4.13 3,220,360 -9.23 0.1070
2026-02-09 2025-12-31 13F PROGRESSIVE COM 743315103 15,612,584 -47,224 -0.30 3,547,959 -8.12 0.2190
2025-11-12 2025-09-30 13F PROGRESSIVE COM 743315103 15,659,808 146,620 0.95 3,861,590 -6.46 0.2463
2025-08-08 2025-06-30 13F PROGRESSIVE COM 743315103 15,513,188 301,371 1.98 4,128,055 -3.90 0.2893
2025-05-13 2025-03-31 13F PROGRESSIVE COM 743315103 15,211,817 596,387 4.08 4,295,704 22.79 0.3377
2025-02-12 2024-12-31 13F PROGRESSIVE COM 743315103 14,615,430 189,638 1.31 3,498,363 -4.21 0.2711
2024-11-12 2024-09-30 13F PROGRESSIVE COM 743315103 14,425,792 1,682,213 13.20 3,652,235 38.27 0.2957
2024-08-09 2024-06-30 13F PROGRESSIVE COM 743315103 12,743,579 403,971 3.27 2,641,331 3.75 0.2318
2024-05-13 2024-03-31 13F PROGRESSIVE COM 743315103 12,339,608 514,309 4.35 2,545,955 35.52 0.2355
2024-02-13 2023-12-31 13F PROGRESSIVE COM 743315103 11,825,299 240,693 2.08 1,878,629 16.65 0.1965
2023-11-13 2023-09-30 13F PROGRESSIVE COM 743315103 11,584,606 242,847 2.14 1,610,515 7.56 0.1918
2023-08-11 2023-06-30 13F PROGRESSIVE COM 743315103 11,341,759 361,856 3.30 1,497,374 -4.47 0.1760
2023-05-15 2023-03-31 13F PROGRESSIVE COM 743315103 10,979,903 -324,428 -2.87 1,567,364 106,960.38 0.2035
2023-02-13 2022-12-31 13F PROGRESSIVE COM 743315103 11,304,331 65,773 0.59 1,464 -99.89 0.2055
2022-11-14 2022-09-30 13F PROGRESSIVE COM 743315103 11,238,558 294,217 2.69 1,305,228 2.72 0.1980
2022-08-12 2022-06-30 13F PROGRESSIVE COM 743315103 10,944,341 393,595 3.73 1,270,632 5.88 0.1861
2022-05-13 2022-03-31 13F PROGRESSIVE COM 743315103 10,550,746 628,125 6.33 1,200,038 18.11 0.1498
2022-02-11 2021-12-31 13F PROGRESSIVE COM 743315103 9,922,621 -803,963 -7.50 1,016,007 5.03 0.1224
2021-11-12 2021-09-30 13F PROGRESSIVE COM 743315103 10,726,584 248,302 2.37 967,325 -5.79 0.1302
2021-08-13 2021-06-30 13F PROGRESSIVE COM 743315103 10,478,282 46,920 0.45 1,026,723 3.16 0.1415
2021-05-12 2021-03-31 13F PROGRESSIVE COM 743315103 10,431,362 170,254 1.66 995,261 -1.73 0.1522
2021-02-12 2020-12-31 13F PROGRESSIVE COM 743315103 10,261,108 -36,869 -0.36 1,012,794 4.00 0.1700
2020-11-13 2020-09-30 13F PROGRESSIVE COM 743315103 10,297,977 104,642 1.03 973,822 19.43 0.1908
2020-08-13 2020-06-30 13F PROGRESSIVE COM 743315103 10,193,335 -265,774 -2.54 815,383 5.73 0.1744
2020-05-14 2020-03-31 13F PROGRESSIVE COM 743315103 10,459,109 14,136 0.14 771,185 2.16 0.2010
2020-02-20 2019-12-31 13F/A-1 PROGRESSIVE COM 743315103 10,444,973 114,039 1.10 754,913 -5.31 0.1578
2020-02-13 2019-12-31 13F PROGRESSIVE COM 743315103 10,444,973 114,039 754,913 96,207.0427
2019-11-12 2019-09-30 13F PROGRESSIVE COM 743315103 10,330,934 413,696 4.17 797,276 0.72 0.1861
2019-08-14 2019-06-30 13F PROGRESSIVE COM 743315103 9,917,238 808,689 8.88 791,554 20.74 0.1915
2019-05-14 2019-03-31 13F PROGRESSIVE COM 743315103 9,108,549 1,629,843 21.79 655,610 45.57 0.1699
2019-03-06 2018-12-31 13F/A-1 PROGRESSIVE COM 743315103 7,478,706 515,706 7.41 450,389 -8.77 0.1392
2019-02-13 2018-12-31 13F PROGRESSIVE COM 743315103 7,478,706 515,706 450,389
2018-11-13 2018-09-30 13F PROGRESSIVE COM 743315103 6,963,000 -55,680 -0.79 493,701 19.16 0.1391
2018-08-14 2018-06-30 13F PROGRESSIVE COM 743315103 7,018,680 -220,056 -3.04 414,333 -5.85 0.1274
2018-05-15 2018-03-31 13F PROGRESSIVE COM 743315103 7,238,736 788,006 12.22 440,100 21.38 0.1434
2018-02-13 2017-12-31 13F PROGRESSIVE COM 743315103 6,450,730 496,336 8.34 362,577 26.00 0.1231
2017-11-14 2017-09-30 13F PROGRESSIVE COM 743315103 5,954,394 328,771 5.84 287,754 16.22 0.1062
2017-08-14 2017-06-30 13F PROGRESSIVE COM 743315103 5,625,623 -129,536 -2.25 247,594 9.96 0.0974
2017-06-21 2017-03-31 13F/A-1 PROGRESSIVE CORP OHIO COM COM 743315103 5,755,159 517,194 9.87 225,172 21.24 0.0924
2017-05-12 2017-03-31 13F PROGRESSIVE CORP OHIO COM COM 743315103 5,755,159 225,172
2017-02-14 2016-12-31 13F PROGRESSIVE CORP OHIO COM COM 743315103 5,237,965 -186,541 -3.44 185,724 8.85 0.0864
2016-11-10 2016-09-30 13F PROGRESSIVE CORP OHIO COM COM 743315103 5,424,506 126,807 2.39 170,621 -3.71 0.0859
2016-08-12 2016-06-30 13F PROGRESSIVE CORP OHIO COM COM 743315103 5,297,699 -247,424 -4.46 177,191 -8.91 0.0964
2016-05-13 2016-03-31 13F PROGRESSIVE CORP OHIO COM COM 743315103 5,545,123 217,306 4.08 194,518 15.02 0.1032
2016-02-12 2015-12-31 13F PROGRESSIVE CORP OHIO COM COM 743315103 5,327,817 -2,989 -0.06 169,117 3.72 0.0964
2015-11-13 2015-09-30 13F PROGRESSIVE CORP OHIO COM COM 743315103 5,330,806 437,031 8.93 163,058 19.93 0.0989
2015-08-14 2015-06-30 13F PROGRESSIVE CORP OHIO COM COM 743315103 4,893,775 63,872 1.32 135,959 3.63 0.0776
2015-05-14 2015-03-31 13F PROGRESSIVE CORP OHIO COM COM 743315103 4,829,903 262,922 5.76 131,192 6.56 0.0750
2015-02-12 2014-12-31 13F PROGRESSIVE CORP OHIO COM COM 743315103 4,566,981 279,934 6.53 123,120 13.74 0.0732
2014-11-14 2014-09-30 13F PROGRESSIVE CORP OHIO COM COM 743315103 4,287,047 -77,869 -1.78 108,248 -2.16 0.0702
2014-08-13 2014-06-30 13F PROGRESSIVE CORP OHIO COM COM 743315103 4,364,916 404,227 10.21 110,633 15.38 0.0715
2014-05-14 2014-03-31 13F PROGRESSIVE CORP OHIO COM COM 743315103 3,960,689 -6,462 -0.16 95,885 -11.34 0.0643
2014-02-14 2013-12-31 13F PROGRESSIVE CORP OHIO COM COM 743315103 3,967,151 122,366 3.18 108,151 3.33 0.0750
2013-11-14 2013-09-30 13F PROGRESSIVE CORP OHIO COM COM 743315103 3,844,785 138,575 3.74 104,667 11.12 0.0839
2013-08-14 2013-06-30 13F PROGRESSIVE CORP OHIO COM COM 743315103 3,706,210 3,706,210 94,192 0.0828
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.