The Progressive Corporation
MX ˙ BMV ˙ US7433151039
SecurityMX:PGR / The Progressive Corporation
InstitutionMercer Global Advisors Inc /adv
Latest Disclosed Ownership94,172 shares
Latest Disclosed Value $ 18,668,630
Mercer Global Advisors Inc /adv reports 18.38% decrease in ownership of PGR / The Progressive Corporation

On May 15, 2026 - Mercer Global Advisors Inc /adv filed a 13F-HR form disclosing ownership of 94,172 shares of The Progressive Corporation (MX:PGR) valued at $18,668,630 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 115,372 shares of The Progressive Corporation. This represents a change in shares of -18.38% 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.

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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 94,172 -21,200 -18.38 18,669 -28.95 0.0276
2026-02-17 2025-12-31 13F PROGRESSIVE COM 743315103 115,372 -20,830 -15.29 26,273 -21.89 0.0401
2025-11-14 2025-09-30 13F PROGRESSIVE COM 743315103 136,202 -11,727 -7.93 33,635 -14.79 0.0561
2025-08-14 2025-06-30 13F PROGRESSIVE COM 743315103 147,929 36,998 33.35 39,472 25.76 0.0804
2025-05-15 2025-03-31 13F PROGRESSIVE COM 743315103 110,931 16,017 16.88 31,389 38.02 0.0720
2025-02-14 2024-12-31 13F PROGRESSIVE COM 743315103 94,914 50,894 115.62 22,742 103.20 0.0555
2024-11-14 2024-09-30 13F PROGRESSIVE COM 743315103 44,020 5,467 14.18 11,193 39.78 0.0262
2024-08-12 2024-06-30 13F PROGRESSIVE COM 743315103 38,553 -229 -0.59 8,008 99,987.50 0.0218
2024-05-15 2024-03-31 13F PROGRESSIVE COM 743315103 38,782 -4,053 -9.46 8 33.33 0.0228
2024-02-15 2023-12-31 13F PROGRESSIVE COM 743315103 42,835 5,440 14.55 7 20.00 0.0205
2023-11-15 2023-09-30 13F/A-1 PROGRESSIVE COM 743315103 37,395 4,729 14.48 5 25.00 0.0198
2023-11-14 2023-09-30 13F PROGRESSIVE COM 743315103 37,395 4,729 5 0.0198
2023-08-14 2023-06-30 13F PROGRESSIVE COM 743315103 32,666 -28,658 -46.73 4 -50.00 0.0172
2023-05-16 2023-03-31 13F PROGRESSIVE COM 743315103 61,324 1,820 3.06 9 14.29 0.0398
2023-02-09 2022-12-31 13F PROGRESSIVE COM 743315103 59,504 1,924 3.34 8 -99.90 0.0387
2022-11-15 2022-09-30 13F PROGRESSIVE COM 743315103 57,580 2,324 4.21 6,691 4.14 0.0397
2022-08-10 2022-06-30 13F PROGRESSIVE COM 743315103 55,256 3,547 6.86 6,425 9.01 0.0393
2022-05-10 2022-03-31 13F PROGRESSIVE COM 743315103 51,709 2,033 4.09 5,894 15.59 0.0347
2022-02-04 2021-12-31 13F PROGRESSIVE COM 743315103 49,676 -3,363 -6.34 5,099 6.36 0.0315
2021-11-10 2021-09-30 13F PROGRESSIVE COM 743315103 53,039 -26,189 -33.06 4,794 -38.39 0.0335
2021-08-10 2021-06-30 13F PROGRESSIVE COM 743315103 79,228 1,067 1.37 7,781 4.12 0.0598
2021-08-10 2021-03-31 13F/A-1 PROGRESSIVE COM 743315103 78,161 38,407 96.61 7,473 90.10 0.0680
2021-05-11 2021-03-31 13F PROGRESSIVE COM 743315103 78,003 38,249 7,458 0.0714
2021-02-12 2020-12-31 13F PROGRESSIVE COM 743315103 39,754 6,896 20.99 3,931 26.36 0.0491
2020-12-10 2020-09-30 13F PROGRESSIVE COM 743315103 32,858 8,091 32.67 3,111 56.80 0.0468
2020-08-10 2020-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 24,767 -4,574 -15.59 1,984 -8.44 0.0360
2020-05-18 2020-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 29,341 17,758 153.31 2,167 158.28 0.0477
2020-02-13 2019-12-31 13F PROGRESSIVE CORP OHIO COM COM 743315103 11,583 1,436 14.15 839 7.15 0.0168
2019-11-12 2019-09-30 13F PROGRESSIVE CORP OHIO COM COM 743315103 10,147 349 3.56 783 0.00 0.0184
2019-08-14 2019-06-30 13F PROGRESSIVE CORP OHIO COM COM 743315103 9,798 21 0.21 783 11.06 0.0208
2019-04-23 2019-03-31 13F/A-1 PROGRESSIVE CORP OHIO COM COM 743315103 9,777 9,777 705 0.0254
2019-04-12 2019-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 3,916 236 0.0126
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.