The Progressive Corporation
MX ˙ BMV ˙ US7433151039
SecurityMX:PGR / The Progressive Corporation
InstitutionOsterweis Capital Management Inc
Latest Disclosed Ownership144,766 shares
Latest Disclosed Value $ 28,698,412
Osterweis Capital Management Inc reports 4.30% decrease in ownership of PGR / The Progressive Corporation

On May 15, 2026 - Osterweis Capital Management Inc filed a 13F-HR form disclosing ownership of 144,766 shares of The Progressive Corporation (MX:PGR) valued at $28,698,412 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 151,278 shares of The Progressive Corporation. This represents a change in shares of -4.30% 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 144,766 -6,512 -4.30 28,698 -16.69 1.1229
2026-02-17 2025-12-31 13F PROGRESSIVE COM 743315103 151,278 295 0.20 34,449 -7.61 1.4580
2025-11-14 2025-09-30 13F PROGRESSIVE COM 743315103 150,983 19,345 14.70 37,285 6.14 1.6826
2025-08-14 2025-06-30 13F PROGRESSIVE COM 743315103 131,638 891 0.68 35,129 -5.06 1.6807
2025-06-05 2025-03-31 13F/A-1 PROGRESSIVE COM 743315103 130,747 -14,269 -9.84 37,003 6.49 1.8264
2025-05-14 2025-03-31 13F PROGRESSIVE COM 743315103 130,747 -14,269 370,028 1.4630
2025-06-05 2024-12-31 13F/A-1 PROGRESSIVE COM 743315103 145,016 -24,606 -14.51 34,747 -19.27 1.6168
2025-02-13 2024-12-31 13F PROGRESSIVE COM 743315103 145,016 -24,606 35 1.6168
2024-11-14 2024-09-30 13F PROGRESSIVE COM 743315103 169,622 -2,642 -1.53 43,043 20.30 2.1806
2024-08-14 2024-06-30 13F PROGRESSIVE COM 743315103 172,264 -35,702 -17.17 35,781 -16.81 1.8487
2024-05-15 2024-03-31 13F PROGRESSIVE COM 743315103 207,966 -18,684 -8.24 43,011 19.14 2.5262
2024-02-14 2023-12-31 13F PROGRESSIVE COM 743315103 226,650 -21,586 -8.70 36,101 4.40 2.2914
2023-11-14 2023-09-30 13F PROGRESSIVE COM 743315103 248,236 -5,633 -2.22 34,579 2.90 2.5333
2023-08-14 2023-06-30 13F PROGRESSIVE COM 743315103 253,869 635 0.25 33,605 -7.24 2.2244
2023-05-15 2023-03-31 13F PROGRESSIVE COM 743315103 253,234 -20,083 -7.35 36,228 2.19 2.4642
2023-02-14 2022-12-31 13F PROGRESSIVE COM 743315103 273,317 -400 -0.15 35,452 11.45 2.5741
2022-11-14 2022-09-30 13F PROGRESSIVE COM 743315103 273,717 -38,415 -12.31 31,809 -12.35 2.3863
2022-08-15 2022-06-30 13F PROGRESSIVE COM 743315103 312,132 -4,082 -1.29 36,291 0.68 2.7182
2022-05-16 2022-03-31 13F PROGRESSIVE COM 743315103 316,214 -1,270 -0.40 36,045 10.60 1.9827
2022-02-14 2021-12-31 13F PROGRESSIVE COM 743315103 317,484 3,859 1.23 32,590 14.96 1.6305
2021-11-15 2021-09-30 13F PROGRESSIVE COM 743315103 313,625 -405 -0.13 28,349 -8.08 1.5476
2021-08-16 2021-06-30 13F PROGRESSIVE COM 743315103 314,030 -1,790 -0.57 30,841 2.14 1.5862
2021-05-14 2021-03-31 13F PROGRESSIVE COM 743315103 315,820 -53,115 -14.40 30,196 -17.23 1.6458
2021-02-12 2020-12-31 13F PROGRESSIVE COM 743315103 368,935 1,465 0.40 36,481 4.86 2.1760
2020-11-13 2020-09-30 13F PROGRESSIVE COM 743315103 367,470 -1,711 -0.46 34,789 17.63 2.3477
2020-08-14 2020-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 369,181 625 0.17 29,575 8.67 2.1440
2020-05-15 2020-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 368,556 54,291 17.28 27,215 19.63 2.2099
2020-02-14 2019-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 314,265 314,265 22,750 1.5732
2017-11-13 2017-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 0 -1,039,600 -100.00 0 -100.00
2017-08-15 2017-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 1,039,600 -84,070 -7.48 45,836 4.11 3.4896
2017-05-12 2017-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 1,123,670 -237,965 -17.48 44,025 -8.92 3.4439
2017-02-13 2016-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 1,361,635 1,361,635 48,338 3.4835
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.