Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in PGR held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 52.3M | $10.37B | +0.4% | 8.927% | 0.18% |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 38.1M | $7.55B | — | 6.500% | 0.19% |
| 3 | STATE STREET CORP | 25.9M | $5.13B | +0.2% | 4.414% | 0.18% |
| 4 | Capital Research Global Investors | 22.6M | $4.48B | +102.6% | 3.852% | 0.69% |
| 5 | GEODE CAPITAL MANAGEMENT, LLC | 16.3M | $3.22B | +4.1% | 2.774% | 0.20% |
| 6 | Capital World Investors | 14.2M | $2.81B | +48.8% | 2.418% | 0.38% |
| 7 | BANK OF AMERICA CORP /DE/ | 12.9M | $2.55B | -3.9% | 2.197% | 0.19% |
| 8 | MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 12.1M | $2.40B | -5.3% | 2.064% | 0.81% |
| 9 | VANGUARD PORTFOLIO MANAGEMENT LLC | 11.7M | $2.32B | — | 1.996% | 0.12% |
| 10 | ALLIANCEBERNSTEIN L.P. | 10.2M | $2.31B | -2.1% | 1.734% | 0.75% |
| 11 | GQG Partners LLC | 9.1M | $1.81B | -12.4% | 1.559% | 2.87% |
| 12 | MORGAN STANLEY | 8.8M | $1.75B | -6.8% | 1.510% | 0.11% |
| 13 | Capital International Investors | 8.8M | $1.75B | -40.9% | 1.505% | 0.41% |
| 14 | FMR LLC | 7.8M | $1.55B | +13.4% | 1.336% | 0.08% |
| 15 | WELLINGTON MANAGEMENT GROUP LLP | 6.5M | $1.28B | -0.4% | 1.105% | 0.24% |
| 16 | UBS ASSET MANAGEMENT AMERICAS INC | 6.4M | $1.26B | +12.2% | 1.087% | 0.26% |
| 17 | NORTHERN TRUST CORP | 5.8M | $1.16B | -0.5% | 0.996% | 0.15% |
| 18 | Artisan Partners Limited Partnership | 5.2M | $1.03B | +11.5% | 0.889% | 1.67% |
| 19 | GOLDMAN SACHS GROUP INC | 5.1M | $1.01B | +20.8% | 0.871% | 0.12% |
| 20 | DEUTSCHE BANK AG\ | 4.8M | $955.6M | -6.7% | 0.823% | 0.32% |
| 21 | JANUS HENDERSON GROUP PLC | 4.7M | $938.0M | -13.1% | 0.807% | 0.47% |
| 22 | FIL Ltd | 4.7M | $925.6M | -7.4% | 0.797% | 0.72% |
| 23 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 4.4M | $876.9M | +1.1% | 0.755% | 0.13% |
| 24 | Legal & General Group Plc | 4.3M | $854.7M | +3.4% | 0.736% | 0.20% |
| 25 | Baird Financial Group, Inc. | 4.1M | $820.6M | +6.8% | 0.706% | 1.28% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in PGR — a direct measure of their conviction.
Filings activity in PGR during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new PGR position in Q1 2026
Institutions that fully closed their PGR position in Q1 2026
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 1,731 | 2.6% | 80.36% | 14.49 pp | $95.67B | 15% |
| Q4 2025 | 1,777 | +1.2% | 94.85% | 5.22 pp | $112.91B | 5.2% |
| Q3 2025 | 1,756 | 5.9% | 100.07% | 8.50 pp | $119.13B | 7.8% |
| Q2 2025 | 1,866 | +3.7% | 108.57% | 5.61 pp | $129.25B | 4.9% |
| Q1 2025 | 1,800 | +5.6% | 114.18% | +16.96 pp | $135.93B | +17% |
| Q4 2024 | 1,704 | +6.4% | 97.22% | 2.52 pp | $115.73B | 2.5% |
| Q3 2024 | 1,601 | +8.5% | 99.74% | 0.44 pp | $118.74B | 0.4% |
| Q2 2024 | 1,476 | — | 100.18% | — | $119.26B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying PGR stock.
Based on Q1 2026 13F filings, institutional ownership of The Progressive Corporation stands at 80.4%, held across 1,731 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of PGR, with approximately 52,323,606 shares worth $10.37B as of Q1 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of PGR.
Our composite Smart Money Score for PGR is 17 out of 100 (Heavy Distribution). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
191 institutions opened new positions in PGR during Q1 2026, while 237 fully exited. 305 added to existing positions and 1,226 trimmed.
PGR institutional ownership fell by 14.49 percentage points quarter-over-quarter, with a net change of -46 holders.
The top 10 institutions account for 45.1% of all reported 13F value in PGR, and the top 25 account for 63.9%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
The Progressive Corporation (PGR) Institutional Ownership