The Progressive Corporation
CH ˙ SWX ˙ US7433151039
SecurityCH:PGR / The Progressive Corporation
InstitutionMarathon Asset Mgmt Ltd
Latest Disclosed Ownership175,470 shares
Latest Disclosed Value $ 34,785,286
Marathon Asset Mgmt Ltd reports 13.71% increase in ownership of PGR / The Progressive Corporation

On April 24, 2026 - Marathon Asset Mgmt Ltd filed a 13F-HR form disclosing ownership of 175,470 shares of The Progressive Corporation (CH:PGR) valued at $34,785,286 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 6, 2026 disclosing 154,309 shares of The Progressive Corporation. This represents a change in shares of 13.71% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date
Effective
Date
Form Security Class ID Avg Price
Paid (Est)
Reported
Shares
ΔShares ΔShares
(%)
Reported
Value
(x1000)
ΔValue
(%)
Alloc
(%)
ΔAlloc ΔAlloc (%) Cost Basis
(x1000)
Unrealized
Gain/Loss
(x1000)
2026-04-24 2026-03-31 13F PROGRESSIVE COMMON 743315103 175,470 21,161 13.71 34,785 -1.01 1.3340
2026-02-06 2025-12-31 13F Progressive COMMON 743315103 154,309 7,418 5.05 35,140 -3.13 1.3520
2025-10-17 2025-09-30 13F PROGRESSIVE COMMON 743315103 146,891 -18,547 -11.21 36,274 -17.84 1.3347
2025-08-11 2025-06-30 13F PROGRESSIVE COMMON 743315103 165,438 -2,356 -1.40 44,149 -7.03 1.4161
2025-04-24 2025-03-31 13F PROGRESSIVE COMMON 743315103 167,794 -18,476 -9.92 47,488 6.40 1.4515
2025-02-06 2024-12-31 13F PROGRESSIVE COMMON 743315103 186,270 -12,185 -6.14 44,634 -11.37 1.2469
2024-10-17 2024-09-30 13F PROGRESSIVE COMMON 743315103 198,455 -21,205 -9.65 50,359 10.37 1.3914
2024-08-14 2024-06-30 13F PROGRESSIVE COMMON 743315103 219,660 -14,248 -6.09 45,627 -5.68 1.4293
2024-05-14 2024-03-31 13F PROGRESSIVE COMMON 743315103 233,908 -15,692 -6.29 48,376 21.68 1.2912
2024-02-12 2023-12-31 13F PROGRESSIVE COMMON 743315103 249,600 -8,093 -3.14 39,757 10.75 1.1160
2023-11-06 2023-09-30 13F PROGRESSIVE COMMON 743315103 257,693 -12,876 -4.76 35,897 0.23 1.1142
2023-08-04 2023-06-30 13F PROGRESSIVE COMMON 743315103 270,569 38,466 16.57 35,815 7.86 1.0057
2023-05-03 2023-03-31 13F PROGRESSIVE COMMON 743315103 232,103 -35,272 -13.19 33,204 -4.26 0.9277
2023-02-07 2022-12-31 13F PROGRESSIVE COMMON 743315103 267,375 -53,284 -16.62 34,681 -6.93 0.9346
2022-10-25 2022-09-30 13F PROGRESSIVE COMMON 743315103 320,659 -337,049 -51.25 37,265 -51.27 1.1103
2022-08-01 2022-06-30 13F PROGRESSIVE COMMON 743315103 657,708 -97,824 -12.95 76,473 -11.21 1.2767
2022-04-21 2022-03-31 13F PROGRESSIVE COMMON 743315103 755,532 -182,279 -19.44 86,124 -10.54 1.1684
2022-01-28 2021-12-31 13F PROGRESSIVE COMMON 743315103 937,811 -76,898 -7.58 96,268 4.96 1.1927
2021-11-05 2021-09-30 13F Progressive COMMON 743315103 1,014,709 1,014,709 91,715 1.1127
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.