Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

PROGRESSIVE CORP (PGR)

2K + Investors. Track Smart Money conviction in PGR. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +29
Streak
1Q ▲
Buyers last Q
50%

Smart Money Signals — PGR

Based on 1689 hedge funds · latest filing: 2025 Q4 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added PGR than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (96% of max)

96% of all-time peak
1,689 hedge funds hold PGR right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +4% more funds vs a year ago

fund count last 6Q
+60 new funds entered over the past year (+4% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 50% buying

849 buying863 selling
Last quarter: 849 funds bought or added vs 863 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+109 vs last Q)

new funds entering per quarter
Funds opening a new PGR position: 226 → 191 → 108 → 217. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

63% of holders stayed for 2+ years

■ 63% conviction (2yr+) ■ 23% medium ■ 15% new
1,059 out of 1,689 hedge funds have held PGR for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

196 → 226 → 191 → 108 → 217 new funds/Q
New funds entering each quarter: 226 → 191 → 108 → 217. PGR is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 63% of holders stayed 2+ years

■ 63% veterans ■ 15% 1-2yr ■ 22% new
Of 1,740 current holders: 1,089 (63%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 58% AUM from top-100 funds

58% from top-100 AUM funds
47 of 1689 holders are among the 100 largest funds by AUM, controlling 58% of total institutional value in PGR. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Hedge Fund Ownership: PGR

How many hedge funds hold PGR — quarterly history vs. share price
Quarterly hedge fund ownership of PGR vs. share price

Market Analysis: PGR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PGR

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

148 top-rated funds 20 high-conviction
Consensus
9.4
/ 10
breadth
×
Elite
4.4
/ 10
conviction
Hedge Fund Positioning: PGR
2026 Q1 Stats Unlock in 11 days 2K + Investors

Track Smart Money conviction in PGR. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 1740 1713 1.58%
13F Shares 503M 490M 2.52%
Total Value $113.02B $119.51B -5.44%
New Positions 222 109 +113
Increased Positions 706 703 +3
Closed Positions 194 219 -25
Reduced Positions 737 804 -67
Total Calls 29 30 -3.33%
Total Puts 26 28 -7.14%
PUT/CALL Ratio 0.9 0.93 Neutral

Statistics: PGR

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Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

2K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in PGR. Verified SEC 13F-HR filings.

Top 25 institutional holders of PGR — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 BONNESS ENTERPRISES INC 37.19% 512,457 $101.6M
2 Courant Investment Management LLC 22.49% 116,170 $23.0M
3 Van Cleef Asset Management,Inc 16.35% 765,838 $151.8M
4 MCDONALD CAPITAL INVESTORS INC/CA 11.95% 880,863 $174.6M
5 Headland Capital, LLC 11.26% 201,569 $40.0M
6 Capco Asset Management, LLC 10.38% 191,971 $38.1M
7 BloombergSen Inc. 8.14% 539,864 $107.0M
8 Pacific Capital Partners Ltd 6.80% 34,784 $6.9M
9 CENTRAL SECURITIES CORP 6.54% 400,000 $79.3M
10 Bretton Capital Management, LLC 6.06% 33,400 $6.6M
11 LOUNTZIS ASSET MANAGEMENT, LLC 5.20% 71,542 $14.2M
12 ROWLANDMILLER & PARTNERS.ADV 4.11% 102,284 $20K
13 James Hambro & Partners LLP 3.87% 498,299 $98.8M
14 Lafayette Investments, Inc. 3.53% 88,022 $17.4M
15 St. Clair Advisors, LLC 3.50% 66,286 $13.1M
16 Eastover Investment Advisors LLC 3.06% 36,080 $7.2M
17 WOODLEY FARRA MANION PORTFOLIO MANAGEMENT INC 3.01% 312,361 $61.9M
18 DIAMANT ASSET MANAGEMENT, INC. 2.96% 4,068,876 $4.1M
19 C WorldWide Group Holding A/S 2.93% 687,769 $136K
20 Salvus Wealth Management, LLC 2.79% 24,242 $4.8M
21 PRENTISS SMITH & CO INC 2.73% 23,742 $4.7M
22 STRATEGIC PLANNING GROUP, LLC 2.35% 84,778 $16.8M
23 Financial Strategies Group, Inc. 2.28% 67,374 $13.6M
24 Dougherty & Associates, LLC 2.26% 12,435 $2.5M
25 DUDLEY & SHANLEY, INC. 2.15% 66,280 $13.1M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — PROGRESSIVE CORP (PGR)

What does the Smart Money Trend signal show for PGR?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added PGR than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for PGR?

Slight buying edge — 50% buying: Last quarter: 849 funds bought or added vs 863 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for PGR holders?

Elite ownership — 58% AUM from top-100 funds: 47 of 1689 holders are among the 100 largest funds by AUM, controlling 58% of total institutional value in PGR. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held PGR?

63% of holders stayed for 2+ years: 1,059 out of 1,689 hedge funds have held PGR for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.