PROGRESSIVE CORP (PGR) — Hedge Fund Ownership Q1 2026
PGR
- PROGRESSIVE CORP (PGR) is held by 8 of 84 tracked hedge funds, with Giverny Capital (4%) and Wedgewood Partners (3%) holding the largest stakes, indicating limited hedge fund interest relative to peers.
- New position in PGR stock was initiated by Wedgewood Partners (3%).
- The biggest increases in PGR holdings came from Viking Global Investors (+21%) and Fairholme Capital Management (+159%), highlighting conviction.
- The biggest decreases in PGR holdings came from Giverny Capital (-2%) and Ariel Investments (-8%), suggesting profit-taking or de-risking.
- 2 hedge funds exited PGR.
- Overall, hedge funds increased exposure to PROGRESSIVE CORP (PGR) by +3% vs the prior quarter and +22% vs prior year.
| # | Fund | % of Portfolio † | Shares † | Shares vs Prior Quarter † | Shares vs Prior Year † | Aggregate Value † | Reported Price * | Option |
|---|---|---|---|---|---|---|---|---|
| 1 |
Giverny Capital Francois Rochon
|
3.83% | 528K | -1.58% | -0.15% | $104.7M | $198.24 | — |
| 2 |
Wedgewood Partners David Rolfe
|
3.41% | 83K | NEW | — | $16.5M | $198.24 | — |
| 3 |
Markel Group Tom Gayner
|
1.25% | 754K | — | — | $149.4M | $198.24 | — |
| 4 |
Viking Global Investors Andreas Halvorsen
|
0.90% | 1.6M | +21.41% | +51.31% | $320.5M | $198.24 | — |
| 5 |
Fairholme Capital Management Bruce Berkowitz
|
0.87% | 66K | +159.38% | — | $13.2M | $198.24 | — |
| 6 |
Tweedy, Browne Tweedy, Browne Co LLC
|
0.22% | 14K | — | — | $2.7M | $198.24 | — |
| 7 |
Brave Warrior Advisors Glenn Greenberg
|
0.01% | 2K | +2.46% | +2.46% | $354,651 | $198.24 | — |
| 8 |
Ariel Investments
|
0.00% | 1K | -7.68% | +21.98% | $200,222 | $198.24 | — |
| — |
Third Avenue Management
|
— | — | EXITED | — | — | — | — |
| — |
Third Point
|
— | — | EXITED | — | — | — | — |
| 8 | Total | — | 3.1M | +2.88% | +22.42% | $607.6M | — | — |
* Reported price is not an actual purchase or sale price. It is the price as of the last portfolio date.
† Portfolio value, share counts, and period-over-period changes exclude options positions (PUT/CALL), which are shown in the Option column for reference only.
† Portfolio value, share counts, and period-over-period changes exclude options positions (PUT/CALL), which are shown in the Option column for reference only.