Ranked by reported Q2 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. | 48.0M | $10.50B | -8.2% | 8.253% | 0.16% |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 38.1M | $8.33B | +0.1% | 6.552% | 0.18% |
| 3 | Capital Research Global Investors | 26.5M | $5.80B | +17.6% | 4.560% | 0.81% |
| 4 | STATE STREET CORP | 26.5M | $5.79B | +2.5% | 4.556% | 0.09% |
| 5 | GEODE CAPITAL MANAGEMENT, LLC | 17.0M | $3.71B | +4.6% | 2.922% | 0.20% |
| 6 | Capital World Investors | 12.5M | $2.73B | -11.9% | 2.145% | 0.32% |
| 7 | BANK OF AMERICA CORP /DE/ | 12.3M | $2.68B | -4.6% | 2.109% | 0.17% |
| 8 | VANGUARD PORTFOLIO MANAGEMENT LLC | 11.7M | $2.55B | -0.1% | 2.007% | 0.12% |
| 9 | FMR LLC | 11.2M | $2.45B | +43.2% | 1.926% | 0.11% |
| 10 | JPMORGAN CHASE & CO | 10.3M | $2.26B | -15.1% | 1.768% | 0.13% |
| 11 | MORGAN STANLEY | 9.3M | $2.03B | +5.3% | 1.600% | 0.11% |
| 12 | NORGES BANK | 8.6M | $1.89B | — | 1.485% | 0.19% |
| 13 | ALLIANCEBERNSTEIN L.P. | 9.2M | $1.82B | -9.7% | 1.577% | 0.60% |
| 14 | Capital International Investors | 7.7M | $1.68B | -12.7% | 1.323% | 0.35% |
| 15 | MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 7.7M | $1.67B | -36.7% | 1.316% | 0.53% |
| 16 | GQG Partners LLC | 7.0M | $1.54B | -22.9% | 1.210% | 2.86% |
| 17 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME | 6.8M | $1.48B | +6.4% | 1.165% | 0.27% |
| 18 | PeakShares LLC | 6K | $1.33B | +8.0% | 0.001% | 0.99% |
| 19 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 6.1M | $1.33B | +128.7% | 1.046% | 0.59% |
| 20 | NORTHERN TRUST CORP | 5.8M | $1.26B | -1.1% | 0.992% | 0.15% |
| 21 | WELLINGTON MANAGEMENT GROUP LLP | 5.7M | $1.25B | -11.6% | 0.984% | 0.22% |
| 22 | Artisan Partners Limited Partnership | 5.1M | $1.12B | -1.5% | 0.882% | 1.78% |
| 23 | GOLDMAN SACHS GROUP INC | 5.1M | $1.10B | -0.9% | 0.869% | 0.10% |
| 24 | DEUTSCHE BANK AG\ | 5.0M | $1.10B | +4.3% | 0.864% | 0.32% |
| 25 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 4.8M | $1.05B | +8.1% | 0.822% | 0.14% |
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 Q2 2026, grouped by how each filer changed its position.
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 |
|---|---|---|---|---|---|---|
| Q2 2026 | 1,835 | +4.0% | 88.04% | +0.02 pp | $110.13B | +12% |
| Q1 2026 | 1,765 | 1.2% | 88.02% | +1.02 pp | $98.40B | 13% |
| Q4 2025 | 1,787 | +1.1% | 87.00% | +2.04 pp | $113.26B | 5.2% |
| Q3 2025 | 1,767 | 5.3% | 84.96% | 0.90 pp | $119.43B | 7.6% |
| Q2 2025 | 1,866 | +3.7% | 85.86% | +0.56 pp | $129.25B | 4.9% |
| Q1 2025 | 1,800 | +5.6% | 85.30% | 0.01 pp | $135.93B | +17% |
| Q4 2024 | 1,704 | +6.4% | 85.31% | +2.11 pp | $115.73B | 2.5% |
| Q3 2024 | 1,601 | — | 83.20% | — | $118.74B | — |
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 Q2 2026 13F filings, institutional ownership of The Progressive Corporation stands at 88.0%, held across 1,835 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of PGR, with approximately 48,048,848 shares worth $10.50B as of Q2 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 43 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
170 institutions opened new positions in PGR during Q2 2026, while 124 fully exited. 1,286 added to existing positions and 315 trimmed.
PGR institutional ownership rose by 0.02 percentage points quarter-over-quarter, with a net change of +70 holders.
The top 10 institutions account for 42.5% of all reported 13F value in PGR, and the top 25 account for 62.2%.
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