The Progressive Corporation
MX ˙ BMV ˙ US7433151039
SecurityMX:PGR / The Progressive Corporation
InstitutionAdage Capital Partners Gp, L.l.c.
ManagerPhil Gross, Robert Atchinson
Latest Disclosed Ownership510,085 shares
Latest Disclosed Value $ 101,119,250
Adage Capital Partners Gp, L.l.c. reports 20.02% increase in ownership of PGR / The Progressive Corporation

On May 15, 2026 - Adage Capital Partners Gp, L.l.c. filed a 13F-HR form disclosing ownership of 510,085 shares of The Progressive Corporation (MX:PGR) valued at $101,119,250 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 424,985 shares of The Progressive Corporation. This represents a change in shares of 20.02% 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.

Upgrade to unlock premium data and export to Excel .

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)
2026-05-15 2026-03-31 13F PROGRESSIVE COM 743315103 510,085 85,100 20.02 101,119 4.49 0.1559
2026-02-17 2025-12-31 13F PROGRESSIVE COM 743315103 424,985 -43,100 -9.21 96,778 -16.28 0.1465
2025-11-14 2025-09-30 13F PROGRESSIVE COM 743315103 468,085 -43,800 -8.56 115,594 -15.38 0.1831
2025-08-14 2025-06-30 13F PROGRESSIVE COM 743315103 511,885 10,705 2.14 136,602 -3.69 0.2302
2025-05-15 2025-03-31 13F PROGRESSIVE COM 743315103 501,180 -46,505 -8.49 141,839 8.08 0.2627
2025-02-14 2024-12-31 13F PROGRESSIVE COM 743315103 547,685 -4,400 -0.80 131,231 -6.33 0.2295
2024-11-14 2024-09-30 13F PROGRESSIVE COM 743315103 552,085 -9,700 -1.73 140,097 20.06 0.2474
2024-08-14 2024-06-30 13F PROGRESSIVE COM 743315103 561,785 -12,300 -2.14 116,688 -1.72 0.2161
2024-05-15 2024-03-31 13F PROGRESSIVE COM 743315103 574,085 5,800 1.02 118,732 31.17 0.2241
2024-02-14 2023-12-31 13F PROGRESSIVE COM 743315103 568,285 6,300 1.12 90,516 15.63 0.1874
2023-11-14 2023-09-30 13F PROGRESSIVE COM 743315103 561,985 -421,200 -42.84 78,285 -39.85 0.1775
2023-08-14 2023-06-30 13F PROGRESSIVE COM 743315103 983,185 -217,500 -18.11 130,144 -24.23 0.2828
2023-05-15 2023-03-31 13F PROGRESSIVE COM 743315103 1,200,685 605,600 101.77 171,770 122.53 0.3853
2023-02-14 2022-12-31 13F PROGRESSIVE COM 743315103 595,085 -800 -0.13 77,188 11.47 0.1846
2022-11-14 2022-09-30 13F PROGRESSIVE COM 743315103 595,885 -23,200 -3.75 69,248 -3.80 0.1717
2022-08-15 2022-06-30 13F PROGRESSIVE COM 743315103 619,085 8,800 1.44 71,981 3.47 0.1650
2022-05-16 2022-03-31 13F PROGRESSIVE COM 743315103 610,285 131,800 27.55 69,566 41.64 0.1321
2022-02-14 2021-12-31 13F PROGRESSIVE COM 743315103 478,485 252,500 111.73 49,116 140.45 0.0884
2021-11-15 2021-09-30 13F PROGRESSIVE COM 743315103 225,985 -59,000 -20.70 20,427 -27.02 0.0402
2021-08-16 2021-06-30 13F PROGRESSIVE COM 743315103 284,985 -230,300 -44.69 27,988 -43.19 0.0548
2021-05-17 2021-03-31 13F PROGRESSIVE COM 743315103 515,285 -122,300 -19.18 49,266 -21.85 0.1006
2021-02-16 2020-12-31 13F PROGRESSIVE COM 743315103 637,585 -24,800 -3.74 63,044 0.54 0.1374
2020-11-16 2020-09-30 13F PROGRESSIVE COM 743315103 662,385 58,700 9.72 62,708 29.67 0.1570
2020-08-14 2020-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 603,685 -217,519 -26.49 48,361 -20.25 0.1238
2020-05-15 2020-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 821,204 242,900 42.00 60,638 44.85 0.1811
2020-02-14 2019-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 578,304 -122,300 -17.46 41,863 -22.65 0.1028
2019-11-14 2019-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 700,604 -6,600 -0.93 54,122 -4.25 0.1329
2019-08-14 2019-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 707,204 -416,700 -37.08 56,527 -30.23 0.1407
2019-05-15 2019-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 1,123,904 86,300 8.32 81,022 29.43 0.2026
2019-02-14 2018-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 1,037,604 19,600 1.93 62,599 -13.44 0.1734
2018-11-14 2018-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 1,018,004 82,300 8.80 72,319 30.66 0.1613
2018-08-14 2018-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 935,704 154,515 19.78 55,347 16.28 0.1267
2018-05-15 2018-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 781,189 -240,200 -23.52 47,598 -17.26 0.1108
2018-02-14 2017-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 1,021,389 197,100 23.91 57,525 44.13 0.1301
2017-11-14 2017-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 824,289 -8,700 -1.04 39,912 8.68 0.0970
2017-08-14 2017-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 832,989 2,500 0.30 36,726 12.87 0.0899
2017-05-15 2017-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 830,489 4,300 0.52 32,539 10.94 0.0820
2017-02-14 2016-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 826,189 -11,500 -1.37 29,330 11.15 0.0801
2016-11-14 2016-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 837,689 -34,800 -3.99 26,387 -9.72 0.0727
2016-08-15 2016-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 872,489 1,000 0.11 29,228 -4.56 0.0797
2016-05-16 2016-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 871,489 64,700 8.02 30,624 19.36 0.0830
2016-02-16 2015-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 806,789 105,800 15.09 25,656 19.45 0.0672
2015-11-16 2015-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 700,989 -125,400 -15.17 21,478 -6.61 0.0596
2015-08-14 2015-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 826,389 13,000 1.60 22,998 3.95 0.0573
2015-05-15 2015-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 813,389 6,500 0.81 22,124 1.59 0.0539
2015-02-17 2014-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 806,889 -14,400 -1.75 21,778 4.89 0.0533
2014-11-14 2014-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 821,289 -2,900 -0.35 20,762 -0.67 0.0513
2014-08-14 2014-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 824,189 -18,200 -2.16 20,901 2.44 0.0540
2014-05-15 2014-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 842,389 7,000 0.84 20,403 -10.44 0.0557
2014-02-14 2013-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 835,389 0 0.00 22,781 0.15 0.0603
2013-11-14 2013-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 835,389 284,395 51.61 22,748 62.42 0.0654
2013-08-14 2013-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 550,994 550,994 14,006 0.0432
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.