PROGRESSIVE CORP (PGR) — Hedge Fund Ownership Q4 2025
PGR
- PROGRESSIVE CORP (PGR) is held by 9 of 82 tracked hedge funds, with Giverny Capital (4%) and Markel Group (1%) holding the largest stakes, indicating moderate hedge fund interest relative to peers.
- The biggest increases in PGR holdings came from Giverny Capital (+1%), highlighting conviction.
- The biggest decreases in PGR holdings came from Ariel Investments (-1%), suggesting profit-taking or de-risking.
- 1 hedge fund exited PGR, led by Egerton Capital (7%).
- Overall, hedge funds decreased exposure to PROGRESSIVE CORP (PGR) by -66% vs the prior quarter and -58% 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
|
4.08% | 537K | +0.55% | -1.65% | $122.2M | $227.72 | — |
| 2 |
Markel Group Tom Gayner
|
1.37% | 754K | — | — | $171.6M | $227.72 | — |
| 3 |
Viking Global Investors Andreas Halvorsen
|
0.80% | 1.3M | NEW | -38.74% | $303.2M | $227.72 | — |
| 4 |
Third Point
|
0.69% | 220K | NEW | — | $50.1M | $227.72 | — |
| 5 |
Fairholme Capital Management Bruce Berkowitz
|
0.41% | 26K | NEW | — | $5.8M | $227.72 | — |
| 6 |
Third Avenue Management
|
0.25% | 14K | — | -6.00% | $3.1M | $227.72 | — |
| 7 |
Tweedy, Browne Tweedy, Browne Co LLC
|
0.25% | 14K | — | -6.00% | $3.1M | $227.72 | — |
| 8 |
Brave Warrior Advisors Glenn Greenberg
|
0.01% | 2K | — | — | $397,599 | $227.72 | — |
| 9 |
Ariel Investments
|
0.00% | 1K | -0.55% | — | $249,126 | $227.72 | — |
| — |
Egerton Capital John Armitage
|
— | — | EXITED | — | — | — | — |
| 9 | Total | — | 2.9M | -66.19% | -58.12% | $659.9M | — | — |
* 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.