The Progressive Corporation
MX ˙ BMV ˙ US7433151039
SecurityMX:PGR / The Progressive Corporation
InstitutionTran Capital Management, L.p.
Latest Disclosed Ownership75,043 shares
Latest Disclosed Value $ 14,876,524
Tran Capital Management, L.p. reports 168.68% increase in ownership of PGR / The Progressive Corporation

On April 14, 2026 - Tran Capital Management, L.p. filed a 13F-HR form disclosing ownership of 75,043 shares of The Progressive Corporation (MX:PGR) valued at $14,876,524 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 20, 2026 disclosing 27,930 shares of The Progressive Corporation. This represents a change in shares of 168.68% 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)
2026-04-14 2026-03-31 13F PROGRESSIVE CORP OHIO CS 743315103 75,043 47,113 168.68 14,877 133.90 2.0425
2026-01-20 2025-12-31 13F PROGRESSIVE CORP OHIO CS 743315103 27,930 0 0.00 6,360 -7.79 0.7618
2025-10-23 2025-09-30 13F PROGRESSIVE CORP OHIO CS 743315103 27,930 -16,397 -36.99 6,897 -41.69 0.8245
2025-07-14 2025-06-30 13F PROGRESSIVE CORP OHIO CS 743315103 44,327 -471 -1.05 11,829 -6.70 1.3923
2025-04-15 2025-03-31 13F PROGRESSIVE CORP OHIO CS 743315103 44,798 -4,690 -9.48 12,678 6.92 1.7057
2025-01-21 2024-12-31 13F PROGRESSIVE CORP OHIO CS 743315103 49,488 -632 -1.26 11,858 -6.77 1.3446
2024-10-15 2024-09-30 13F PROGRESSIVE CORP OHIO CS 743315103 50,120 -24,666 -32.98 12,718 -18.12 1.3697
2024-07-17 2024-06-30 13F PROGRESSIVE CORP OHIO CS 743315103 74,786 -44,967 -37.55 15,534 -37.28 1.8021
2024-04-19 2024-03-31 13F PROGRESSIVE CORP OHIO CS 743315103 119,753 -114,660 -48.91 24,767 -33.67 2.7574
2024-01-17 2023-12-31 13F PROGRESSIVE CORP OHIO CS 743315103 234,413 -120,424 -33.94 37,337 -24.46 4.3484
2023-10-13 2023-09-30 13F PROGRESSIVE CORP OHIO CS 743315103 354,837 -10,531 -2.88 49,429 2.20 6.3633
2023-07-13 2023-06-30 13F PROGRESSIVE CORP OHIO CS 743315103 365,368 6,145 1.71 48,364 -5.89 5.7075
2023-04-18 2023-03-31 13F PROGRESSIVE CORP OHIO CS 743315103 359,223 31,616 9.65 51,390 20.94 6.4064
2023-02-01 2022-12-31 13F PROGRESSIVE CORP OHIO CS 743315103 327,607 88,873 37.23 42,494 53.17 5.3739
2022-10-14 2022-09-30 13F PROGRESSIVE CORP OHIO CS 743315103 238,734 238,734 27,743 3.5499
2022-07-27 2022-06-30 13F PROGRESSIVE CORP OHIO CS 743315103 0 -3,181 -100.00 0 -100.00
2022-04-28 2022-03-31 13F PROGRESSIVE CORP OHIO CS 743315103 3,181 0 0.00 363 11.01 0.0318
2022-01-25 2021-12-31 13F PROGRESSIVE CORP OHIO CS 743315103 3,181 -630 -16.53 327 -4.94 0.0262
2021-10-18 2021-09-30 13F PROGRESSIVE CORP OHIO CS 743315103 3,811 -229,955 -98.37 344 -98.50 0.0288
2021-07-16 2021-06-30 13F PROGRESSIVE CORP OHIO CS 743315103 233,766 -34,381 -12.82 22,958 -10.45 1.8949
2021-04-26 2021-03-31 13F PROGRESSIVE CORP OHIO CS 743315103 268,147 -42,331 -13.63 25,638 -16.49 2.2849
2021-01-26 2020-12-31 13F PROGRESSIVE CORP OHIO CS 743315103 310,478 -4,789 -1.52 30,700 2.86 2.8434
2020-11-09 2020-09-30 13F PROGRESSIVE CORP OHIO CS 743315103 315,267 15,088 5.03 29,846 24.12 3.2132
2020-08-12 2020-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 300,179 -15,163 -4.81 24,047 3.27 2.7837
2020-05-13 2020-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 315,342 -1,696 -0.53 23,285 1.46 3.3946
2020-02-14 2019-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 317,038 3,535 1.13 22,950 -5.24 2.6562
2019-11-13 2019-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 313,503 -13,088 -4.01 24,218 -7.22 2.9950
2019-08-12 2019-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 326,591 29,395 9.89 26,104 21.84 3.2523
2019-05-15 2019-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 297,196 -54,840 -15.58 21,425 0.88 3.6293
2019-02-14 2018-12-31 13F PROGRESSIVE CORP OHIO COM 743315103 352,036 -22,432 -5.99 21,238 -20.16 3.6887
2018-11-14 2018-09-30 13F PROGRESSIVE CORP OHIO COM 743315103 374,468 -8,050 -2.10 26,602 17.57 3.2950
2018-08-09 2018-06-30 13F PROGRESSIVE CORP OHIO COM 743315103 382,518 -15,527 -3.90 22,626 -6.71 3.0313
2018-05-09 2018-03-31 13F PROGRESSIVE CORP OHIO COM 743315103 398,045 -381,848 -48.96 24,253 -44.78 3.1485
2018-02-14 2017-12-31 13F PROGRESSIVE COM 743315103 779,893 -47,560 -5.75 43,924 9.63 4.1748
2017-11-14 2017-09-30 13F PROGRESSIVE COM 743315103 827,453 -12,223 -1.46 40,065 8.22 3.5928
2017-08-11 2017-06-30 13F PROGRESSIVE COM 743315103 839,676 -106,496 -11.26 37,021 -0.13 3.3363
2017-05-15 2017-03-31 13F PROGRESSIVE COM 743315103 946,172 591,185 166.54 37,071 194.17 2.9751
2017-02-14 2016-12-31 13F PROGRESSIVE COM 743315103 354,987 0 0.00 12,602 12.70 0.7706
2016-11-10 2016-09-30 13F PROGRESSIVE COM 743315103 354,987 0 0.00 11,182 -5.97 0.4571
2016-08-15 2016-06-30 13F PROGRESSIVE COM 743315103 354,987 0 0.00 11,892 -4.67 0.4033
2016-05-13 2016-03-31 13F PROGRESSIVE COM 743315103 354,987 -12,020 -3.28 12,474 6.88 0.3780
2016-02-11 2015-12-31 13F PROGRESSIVE COM 743315103 367,007 -795,169 -68.42 11,671 -67.22 0.3128
2015-11-17 2015-09-30 13F PROGRESSIVE COM 743315103 1,162,176 -1,139,632 -49.51 35,609 -44.41 0.8692
2015-07-29 2015-06-30 13F PROGRESSIVE COM 743315103 2,301,808 -98,929 -4.12 64,059 -1.90 1.5060
2015-04-27 2015-03-31 13F PROGRESSIVE COM 743315103 2,400,737 2,400,737 0.00 65,300 1.4157
2015-01-28 2014-12-31 13F PROGRESSIVE COM 743315103 0 -2,649,082 -100.00 0 -100.00
2014-10-30 2014-09-30 13F PROGRESSIVE COM 743315103 2,649,082 -183,365 -6.47 66,969 -6.77 1.2638
2014-07-29 2014-06-30 13F PROGRESSIVE COM 743315103 2,832,447 11,010 0.39 71,831 5.12 1.2556
2014-04-23 2014-03-31 13F PROGRESSIVE COM 743315103 2,821,437 185,912 7.05 68,335 -4.92 1.1901
2014-01-09 2013-12-31 13F PROGRESSIVE COM 743315103 2,635,525 33,049 1.27 71,871 1.42 1.2496
2013-10-09 2013-09-30 13F PROGRESSIVE COM 743315103 2,602,476 2,602,476 70,865 1.4300
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.