The Progressive Corporation
MX ˙ BMV ˙ US7433151039
SecurityMX:PGR / The Progressive Corporation
InstitutionBaillie Gifford & Co
Latest Disclosed Ownership36,167 shares
Latest Disclosed Value $ 7,169,746
Baillie Gifford & Co reports 33.77% decrease in ownership of PGR / The Progressive Corporation

On May 8, 2026 - Baillie Gifford & Co filed a 13F-HR form disclosing ownership of 36,167 shares of The Progressive Corporation (MX:PGR) valued at $7,169,746 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 23, 2026 disclosing 54,606 shares of The Progressive Corporation. This represents a change in shares of -33.77% 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)
2026-05-08 2026-03-31 13F Progressive COM 743315103 36,167 -18,439 -33.77 7,170 -42.34 0.0073
2026-01-23 2025-12-31 13F Progressive COM 743315103 54,606 0 0.00 12,435 -7.79 0.0103
2025-10-31 2025-09-30 13F Progressive COM 743315103 54,606 -408 -0.74 13,485 -8.15 0.0100
2025-08-06 2025-06-30 13F Progressive COM 743315103 55,014 4 0.01 14,681 -5.70 0.0110
2025-05-07 2025-03-31 13F Progressive COM 743315103 55,010 -12,483 -18.50 15,568 -3.73 0.0136
2025-01-31 2024-12-31 13F Progressive COM 743315103 67,493 -10,263 -13.20 16,172 -18.04 0.0124
2024-11-05 2024-09-30 13F Progressive COM 743315103 77,756 700 0.91 19,731 23.28 0.0148
2024-07-25 2024-06-30 13F Progressive COM 743315103 77,056 0 0.00 16,005 0.43 0.0125
2024-05-01 2024-03-31 13F Progressive COM 743315103 77,056 -3,689 -4.57 15,937 23.91 0.0124
2024-01-26 2023-12-31 13F Progressive COM 743315103 80,745 -34,006 -29.63 12,861 -19.54 0.0102
2023-11-13 2023-09-30 13F Progressive COM 743315103 114,751 -6,094 -5.04 15,985 -0.08 0.0146
2023-07-28 2023-06-30 13F Progressive COM 743315103 120,845 -754 -0.62 15,996 -8.04 0.0136
2023-05-03 2023-03-31 13F Progressive COM 743315103 121,599 26,764 28.22 17,396 41.41 0.0157
2023-03-10 2022-12-31 13F/A-1 Progressive COM 743315103 94,835 61,089 181.03 12,301 213.64 0.0128
2023-01-24 2022-12-31 13F Progressive COM 743315103 94,835 61,089 12 0.0048
2022-10-27 2022-09-30 13F Progressive COM 743315103 33,746 0 0.00 3,922 -0.05 0.0040
2022-08-08 2022-06-30 13F Progressive COM 743315103 33,746 33,746 3,924 0.0040
2016-05-05 2016-03-31 13F Progressive COM 743315103 0 0 0 0.0000
2016-02-08 2015-12-31 13F Progressive COM 743315103 0 -471,481 -100.00 0 -100.00
2015-11-05 2015-09-30 13F Progressive COM 743315103 471,481 0 0.00 14,446 10.10 0.0283
2015-07-28 2015-06-30 13F Progressive COM 743315103 471,481 0 0.00 13,121 2.32 0.0236
2015-05-14 2015-03-31 13F Progressive COM 743315103 471,481 -1,936,293 -80.42 12,824 -80.27 0.0243
2015-02-12 2014-12-31 13F Progressive COM 743315103 2,407,774 -745,409 -23.64 64,986 -18.48 0.1303
2014-11-07 2014-09-30 13F Progressive COM 743315103 3,153,183 -289,552 -8.41 79,713 -8.70 0.1747
2014-08-01 2014-06-30 13F Progressive COM 743315103 3,442,735 -2,736,245 -44.28 87,308 -41.66 0.1886
2014-05-01 2014-03-31 13F Progressive COM 743315103 6,178,980 -2,311,304 -27.22 149,655 -35.36 0.3524
2014-02-07 2013-12-31 13F Progressive COM 743315103 8,490,284 -50,211 -0.59 231,530 -0.44 0.5469
2013-11-08 2013-09-30 13F Progressive COM 743315103 8,540,495 320,345 3.90 232,558 11.30 0.5883
2013-08-07 2013-06-30 13F Progressive COM 743315103 8,220,150 8,220,150 208,956 0.6341
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.