PROGRESSIVE CORP (PGR)
Institutional ownership reported to the SEC as of Q2 2026, across 32 quarters.
Institutions report 515,754,310 shares against 581,371,770 outstanding. Shares only - option lines are excluded, which is why this can be compared with the company at all. The count comes from the cover page of the company's own most recent report, so it is dated when that was filed rather than at quarter end. A figure this high can overstate: where an adviser and a sub-adviser both report the same shares, both are counted.
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| BlackRock, Inc. | $10.5B | 48,048,848 | 0.16% | 8q | -8.2%-$933.8M |
| VANGUARD CAPITAL MANAGEMENT LLC | $8.3B | 38,148,192 | 0.18% | 2q | HELD |
| Capital Research Global Investors | $5.8B | 26,549,107 | 0.81% | 31q | +17.6%+$868.3M |
| STATE STREET CORP | $5.8B | 26,526,959 | 0.17% | 31q | +2.5%+$143.4M |
| GEODE CAPITAL MANAGEMENT, LLC | $3.7B | 17,009,978 | 0.20% | 31q | +4.6%+$164.5M |
| Capital World Investors | $2.7B | 12,490,946 | 0.32% | 26q | -11.9%-$367.6M |
| BANK OF AMERICA CORP /DE/ | $2.7B | 12,278,975 | 0.17% | 31q | -4.6%-$130.0M |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $2.6B | 11,686,468 | 0.12% | 2q | HELD |
| FMR LLC | $2.4B | 11,213,445 | 0.11% | 31q | +43.2%+$739.4M |
| JPMORGAN CHASE & CO | $2.3B | 10,295,927 | 0.13% | 31q | -15.1%-$402.3M |
| MORGAN STANLEY | $2.0B | 9,313,526 | 0.11% | 35q | +5.3%+$101.7M |
| NORGES BANK | $1.9B | 8,647,114 | 0.19% | 32q | +7.2%+$127.6M |
| ALLIANCEBERNSTEIN L.P. | $1.8B | 9,178,776 | 0.60% | 31q | -9.7%-$195.6M |
| Capital International Investors | $1.7B | 7,704,091 | 0.35% | 16q | -12.7%-$244.1M |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $1.7B | 7,663,770 | 0.53% | 25q | -36.7%-$963.8M |
| GQG Partners LLC | $1.5B | 7,043,101 | 2.86% | 8q | -22.9%-$457.8M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $1.5B | 6,784,205 | 0.27% | 31q | +6.4%+$89.6M |
| PeakShares LLC | $1.3B | 6,101,000 | 0.99% | 3q | +107863.2%+$1.3B |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $1.3B | 6,092,628 | 0.59% | 9q | +128.7%+$749.0M |
| NORTHERN TRUST CORP | $1.3B | 5,776,119 | 0.15% | 31q | -1.1%-$13.4M |
| WELLINGTON MANAGEMENT GROUP LLP | $1.3B | 5,729,113 | 0.22% | 31q | -11.6%-$163.8M |
| Artisan Partners Limited Partnership | $1.1B | 5,132,462 | 1.78% | 31q | -1.5%-$16.7M |
| PRICE T ROWE ASSOCIATES INC /MD/ | $1.1B | 5,126,343 | 0.11% | 31q | HELD |
| GOLDMAN SACHS GROUP INC | $1.1B | 5,056,352 | 0.10% | 31q | -1.0%-$10.6M |
| DEUTSCHE BANK AG\ | $1.1B | 5,030,160 | 0.32% | 34q | +4.3%+$45.8M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $1.0B | 4,783,863 | 0.14% | 31q | +8.1%+$78.7M |
| FIL Ltd | $987.9M | 4,522,120 | 0.71% | 31q | -3.2%-$32.1M |
| Baird Financial Group, Inc. | $963.4M | 4,410,275 | 1.32% | 31q | +6.5%+$59.1M |
| Jupiter Topco LLC | $935.2M | 4,281,720 | 0.38% | new | FIRST |
| Legal & General Group Plc | $875.5M | 4,007,622 | 0.18% | 31q | -7.0%-$66.4M |
| Invesco Ltd. | $847.9M | 3,881,425 | 0.07% | 31q | +5.9%+$47.6M |
| FRANKLIN RESOURCES INC | $844.2M | 3,864,672 | 0.18% | 31q | +55.1%+$300.0M |
| VANGUARD FIDUCIARY TRUST CO | $716.6M | 3,280,259 | 0.16% | 2q | -0.7%-$5.1M |
| TWO SIGMA INVESTMENTS, LP | $663.2M incl. $1.2M options CALL+PUT | 3,030,604 | 0.48% | 16q | -14.1%-$108.8M |
| Bank of New York Mellon Corp | $659.0M | 3,016,504 | 0.11% | 31q | HELD |
| ROYAL BANK OF CANADA | $619.7M | 2,836,952 | 0.09% | 31q | +18.7%+$97.8M |
| DIMENSIONAL FUND ADVISORS LP | $534.2M | 2,445,102 | 0.10% | 31q | +1.9%+$10.1M |
| Fayez Sarofim & Co | $524.1M | 2,399,296 | 1.23% | 31q | -2.6%-$14.2M |
| UBS Group AG | $517.8M incl. $699.0K options CALL | 2,366,933 | 0.07% | 31q | -18.9%-$120.7M |
| Nuveen, LLC | $508.6M | 2,328,377 | 0.12% | 6q | -11.7%-$67.4M |
| Caisse de depot et placement du Quebec | $491.9M | 2,251,862 | 0.70% | 31q | +36.9%+$132.6M |
| BROWN ADVISORY INC | $483.7M | 2,214,156 | 0.75% | 31q | +42.9%+$145.2M |
| MARSHFIELD ASSOCIATES | $470.4M | 2,153,186 | 11.03% | 21q | -12.3%-$66.0M |
| ENVESTNET ASSET MANAGEMENT INC | $460.6M | 2,108,462 | 0.11% | 31q | +1.0%+$4.4M |
| Life Cycle Investment Partners Ltd | $433.7M | 1,985,189 | 2.02% | 3q | +28.0%+$95.0M |
| BNP PARIBAS FINANCIAL MARKETS | $422.7M | 1,934,888 | 0.15% | 31q | -25.4%-$143.7M |
| AMERICAN CENTURY COMPANIES INC | $396.2M | 1,813,667 | 0.18% | 31q | +20.5%+$67.3M |
| BARCLAYS PLC | $389.7M | 1,784,101 | 0.07% | 31q | -36.9%-$228.2M |
| Amundi | $366.6M | 1,678,390 | 0.09% | 21q | +7.4%+$25.3M |
| Swiss National Bank | $360.4M | 1,649,900 | 0.19% | 31q | -4.1%-$15.4M |
| LONDON CO OF VIRGINIA | $338.4M | 1,548,853 | 1.93% | 31q | -2.8%-$9.9M |
| Allianz Asset Management GmbH | $335.4M incl. $15.4M options CALL+PUT | 1,464,948 | 0.27% | 40q | +278.9%+$246.9M |
| NEUBERGER BERMAN GROUP LLC | $326.5M | 1,493,800 | 0.22% | 31q | -12.1%-$45.0M |
| Boston Partners | $325.0M | 1,487,621 | 0.29% | 13q | +13097.5%+$322.5M |
| Sumitomo Mitsui Trust Group, Inc. | $323.6M | 1,481,427 | 0.18% | 31q | +3.6%+$11.4M |
| Mitsubishi UFJ Asset Management Co., Ltd. | $322.7M | 1,477,250 | 0.18% | 31q | +7.9%+$23.6M |
| AQR CAPITAL MANAGEMENT LLC | $315.7M | 1,445,012 | 0.11% | 31q | -39.9%-$209.8M |
| HSBC HOLDINGS PLC | $310.8M | 1,418,642 | 0.13% | 31q | +5.9%+$17.3M |
| California Public Employees Retirement System | $306.9M | 1,404,811 | 0.17% | 31q | -1.4%-$4.3M |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | $303.2M | 1,388,118 | 0.92% | 2q | +4.0%+$11.8M |
| RAYMOND JAMES FINANCIAL INC | $298.0M | 1,364,316 | 0.08% | 7q | -11.7%-$39.6M |
| National Pension Service | $292.0M | 1,336,735 | 0.19% | 31q | +3.2%+$9.0M |
| Bank Julius Baer & Co. Ltd, Zurich | $291.7M | 1,333,623 | 0.76% | 26q | -3.6%-$10.8M |
| VANGUARD ASSET MANAGEMENT, Ltd | $289.3M | 1,324,145 | 0.20% | 2q | +12.5%+$32.2M |
| MENORA MIVTACHIM HOLDINGS LTD. | $282.3M | 1,292,152 | 1.10% | 3q | HELD |
| BROWN BROTHERS HARRIMAN & CO | $278.1M | 1,272,892 | 1.22% | 31q | -2.3%-$6.5M |
| Vanguard Global Advisers, LLC | $277.7M | 1,271,001 | 0.13% | 2q | -1.5%-$4.3M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $277.1M incl. $249.5M options CALL+PUT | 126,251 | 0.02% | 31q | -29.9%-$118.3M |
| 1832 Asset Management L.P. | $276.4M | 1,265,265 | 0.14% | 31q | +24.5%+$54.4M |
| Longview Partners (Guernsey) LTD | $266.4M | 1,219,355 | 4.33% | new | NEW |
| CITADEL ADVISORS LLC | $266.0M incl. $108.9M options CALL+PUT | 719,059 | 0.03% | 31q | +60.3%+$100.0M |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $258.0M | 1,180,821 | 0.18% | 31q | +1.8%+$4.6M |
| WELLS FARGO & COMPANY/MN | $254.8M | 1,166,409 | 0.04% | 31q | -6.4%-$17.5M |
| NOMURA ASSET MANAGEMENT CO LTD | $245.8M | 1,125,047 | 0.53% | 31q | +0.8%+$2.0M |
| Alecta Tjanstepension Omsesidigt | $238.2M | 1,091,400 | 1.00% | 4q | +57.1%+$86.6M |
| FIRST TRUST ADVISORS LP | $228.5M | 1,046,033 | 0.13% | 11q | -28.0%-$89.1M |
| BLAIR WILLIAM & CO/IL | $225.9M | 1,034,104 | 0.59% | 27q | -15.2%-$40.6M |
| APG Asset Management N.V. | $224.1M | 1,172,974 | 0.55% | 31q | -30.3%-$97.4M |
| PRIMECAP MANAGEMENT CO/CA/ | $219.2M | 1,003,280 | 0.13% | 31q | HELD |
| Russell Investments Group, Ltd. | $217.2M | 993,822 | 0.19% | 31q | -2.7%-$6.1M |
| RHUMBLINE ADVISERS | $216.5M | 991,016 | 0.16% | 31q | -0.7%-$1.5M |
| SG Americas Securities, LLC | $214.6M incl. $2.9M options CALL | 968,894 | 0.12% | 31q | -14.5%-$36.5M |
| NATIXIS ADVISORS, LLC | $211.8M | 969,543 | 0.24% | 31q | -0.9%-$1.9M |
| MBB PUBLIC MARKETS I LLC | $205.7M | 941,511 | 22.21% | 10q | +5.7%+$11.1M |
| Woodline Partners LP | $204.9M | 937,837 | 0.63% | 3q | +226.4%+$142.1M |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $199.8M | 914,476 | 0.18% | 31q | +6.0%+$11.3M |
| TIMUCUAN ASSET MANAGEMENT INC/FL | $198.6M | 908,992 | 7.31% | 27q | -0.6%-$1.1M |
| Swedbank AB | $197.5M | 903,899 | 0.17% | 21q | +9.7%+$17.5M |
| Consulta Ltd | $196.6M | 900,000 | 7.09% | 3q | +50.0%+$65.5M |
| AMERIPRISE FINANCIAL INC | $190.2M | 870,553 | 0.04% | 31q | +15.0%+$24.8M |
| CITIGROUP INC | $186.6M | 854,180 | 0.06% | 31q | +38.7%+$52.1M |
| Eurizon Capital SGR S.p.A. | $180.5M | 824,643 | 0.48% | 3q | -1.1%-$2.0M |
| CIBC Bancorp USA Inc. | $179.9M | 822,525 | 0.22% | 3q | HELD |
| MCDONALD CAPITAL INVESTORS INC/CA | $176.2M | 806,728 | 12.87% | 31q | -8.4%-$16.2M |
| BRANDES INVESTMENT PARTNERS, LP | $172.5M | 789,561 | 1.21% | 3q | -9.1%-$17.3M |
| CANADA PENSION PLAN INVESTMENT BOARD | $172.2M | 788,481 | 0.10% | 31q | -5.6%-$10.3M |
| JANE STREET GROUP, LLC | $170.7M incl. $163.6M options CALL+PUT | 32,376 | 0.01% | 31q | +82.2%+$77.0M |
| BANK OF MONTREAL /CAN/ | $169.2M | 774,764 | 0.06% | 31q | +16.0%+$23.4M |
| Van Cleef Asset Management,Inc | $165.1M | 755,885 | 16.83% | 31q | -1.3%-$2.2M |
| JONES FINANCIAL COMPANIES LLLP | $164.7M | 734,298 | 0.07% | 24q | +0.8%+$1.4M |
Showing the largest 100 of 1,848 reported holders. The count of 1,845 above leaves out 3 positions whose reported value failed our price check; they are listed here as filed.
Q2 2026 in brief
In Q2 2026, 1,845 managers that file Form 13F reported holding Progressive Corp (PGR), $113.3B in all, or about 87% of the shares outstanding. 204 managers opened a position and 144 sold out completely, against 1,785 holders the quarter before. Largest holders: Blackrock, Inc., Vanguard Capital Management Llc and Capital Research Global Investors. Largest new positions: Longview Partners (Guernsey) Ltd ($266.4M), Gillson Capital Lp ($70.1M) and Hrt Financial Lp ($49.8M).
Q2 2026 is the latest quarter whose 13F deadline has passed. A 13F shows long US stock positions at quarter end, filed up to 45 days later; an adviser and a sub-adviser can both report the same shares.
What the insiders did
Open market purchases and sales reported on Form 4 in the last 180 days. Grants, option exercises and shares surrendered to cover tax are left out: they are compensation rather than a decision to buy or sell. Where a broker filled one order in tranches the lines are summed, because it was one decision.
Officers and directors
| Date | Insider | Role | Side | Shares | Value |
|---|---|---|---|---|---|
| 2026-09-01 | Griffith Susan Patricia | President and CEO | Sold | 37,338 | $8.2M |
| 2026-07-27 | Griffith Susan Patricia | President and CEO | Sold | 37,338 | $7.9M |
| 2026-07-27 | Bailo Karen | Commercial Lines President | Sold | 8,452 | $1.8M |
| 2026-07-27 | Murphy John Jo | Claims President | Sold | 8,124 | $1.7M |
| 2026-08-13 | Niederst Lori A | Chief Personal Lines Officer | Sold | 7,339 | $1.5M |
| 2026-06-24 | KELLY JEFFREY D | Director | Sold | 7,000 | $1.5M |
| 2026-06-05 | Murphy John Jo | Claims President | Sold | 5,916 | $1.2M |
| 2026-07-28 | Quigg Andrew J | VP and Chief Financial Officer | Sold | 3,499 | $769.8K |
| 2026-07-27 | Bauer Jonathan S. | Chief Investment Officer | Sold | 2,242 | $476.9K |
| 2026-10-22 | Broz Steven | Chief Information Officer | Sold | 1,225 | $273.6K |
| 2026-08-20 | Broz Steven | Chief Information Officer | Sold | 1,225 | $268.8K |
| 2026-09-24 | Broz Steven | Chief Information Officer | Sold | 1,225 | $250.3K |
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 628 | $4.6B | 22,180,913 | 48 | 206 | 229 | 0.0% |
| Q2 2026 | 1,845 | $113.3B | 515,754,310 | 183 | 656 | 661 | 0.8% |
| Q1 2026 | 1,785 | $101.4B | 506,714,799 | 139 | 668 | 639 | 0.6% |
| Q4 2025 | 1,846 | $117.2B | 510,694,560 | 131 | 621 | 667 | 0.9% |
| Q3 2025 | 1,813 | $128.3B | 515,724,863 | 102 | 641 | 704 | 0.8% |
| Q2 2025 | 1,918 | $136.5B | 507,782,754 | 180 | 743 | 619 | 0.8% |
| Q1 2025 | 1,862 | $144.6B | 507,698,243 | 208 | 679 | 620 | 0.7% |
| Q4 2024 | 1,780 | $122.3B | 505,779,847 | 123 | 631 | 560 | 0.9% |
| Q3 2024 | 1,673 | $130.7B | 509,609,717 | 207 | 593 | 520 | 1.1% |
| Q2 2024 | 1,536 | $107.3B | 511,710,734 | 138 | 584 | 481 | 0.9% |
| Q1 2024 | 1,473 | $112.4B | 538,781,011 | 197 | 495 | 472 | 0.9% |
| Q4 2023 | 1,339 | $86.5B | 536,623,039 | 158 | 389 | 464 | 1.1% |
| Q3 2023 | 1,183 | $71.3B | 505,310,173 | 99 | 395 | 415 | 1.2% |
| Q2 2023 | 1,188 | $66.5B | 498,674,714 | 104 | 357 | 473 | 0.7% |
| Q1 2023 | 1,194 | $74.0B | 513,885,859 | 114 | 395 | 422 | 0.7% |
| Q4 2022 | 1,181 | $65.0B | 497,391,742 | 114 | 358 | 430 | 0.7% |
| Q3 2022 | 1,089 | $174.4B | 1,494,702,280 | 99 | 346 | 391 | 0.2% |
| Q2 2022 | 1,074 | $190.5B | 1,638,670,325 | 94 | 316 | 416 | 0.2% |
| Q1 2022 | 1,054 | $197.9B | 1,729,446,289 | 89 | 339 | 392 | 0.2% |
| Q4 2021 | 1,051 | $177.1B | 1,724,468,725 | 92 | 324 | 361 | 0.3% |
| Q3 2021 | 977 | $161.1B | 1,778,055,213 | 75 | 327 | 345 | 0.2% |
| Q2 2021 | 997 | $139.8B | 1,420,978,275 | 74 | 357 | 335 | 0.2% |
| Q1 2021 | 981 | $129.6B | 1,353,607,232 | 83 | 374 | 332 | 0.2% |
| Q4 2020 | 981 | $107.5B | 1,082,145,918 | 85 | 336 | 325 | 0.4% |
| Q3 2020 | 946 | $140.5B | 1,482,220,022 | 92 | 295 | 344 | 0.2% |
| Q2 2020 | 914 | $125.8B | 1,569,640,018 | 100 | 317 | 317 | 0.2% |
| Q1 2020 | 882 | $99.4B | 1,343,207,810 | 94 | 316 | 323 | 0.2% |
| Q4 2019 | 882 | $88.6B | 1,325,709,115 | 59 | 262 | 333 | 0.4% |
| Q3 2019 | 880 | $93.0B | 1,955,939,057 | 64 | 297 | 335 | 0.2% |
| Q2 2019 | 904 | $92.9B | 1,803,558,298 | 95 | 293 | 354 | 0.3% |
| Q1 2019 | 886 | $89.2B | 1,234,526,785 | 91 | 320 | 286 | 0.2% |
| Q4 2018 | 849 | $78.3B | 2,302,869,994 | 11 | 21 | 11 | 0.2% |