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
↑ +61
Streak
1Q ▲
Buyers last Q
51%

Smart Money Signals — PGR

Based on 1826 hedge funds · latest filing: 2026 Q2 · 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 (97% of max)

97% of all-time peak
1,826 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.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding PGR is almost the same as a year ago (-56 funds, -3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 51% buying

908 buying860 selling
Last quarter: 908 funds bought or added vs 860 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 (+36 vs last Q)

new funds entering per quarter
Funds opening a new PGR position: 125 → 240 → 180 → 216. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 19% medium ■ 17% new
1,167 out of 1,826 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.
💎

Buying through price weakness — shares +39%, value +12%

Value
+12%
Shares
+39%
Last quarter: funds added +39% more shares while total portfolio value only changed +12%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~216 new funds/quarter

211 → 125 → 240 → 180 → 216 new funds/Q
New funds entering each quarter: 125 → 240 → 180 → 216. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 66% veterans vs 19% newcomers

■ 66% veterans ■ 14% 1-2yr ■ 19% new
Entry-cohort mix of 1,865 holders: 1,233 (66%) are 2+ year veterans, 270 entered 1–2 years ago, and 362 (19%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 63% AUM from top-100 funds

63% from top-100 AUM funds
72 of 1817 holders are among the 100 largest funds by AUM, controlling 63% 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.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — 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.

Institutional Sentiment Summary — PGR

In 2026 Q2, 908 hedge funds were net buyers of PGR (216 opened a new position, 692 added to an existing one), while 860 reduced or exited (705 trimmed, 155 sold completely) — a 51% buyer ratio, indicating a slight buying edge. 63% of total institutional value in PGR is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +61 funds (more new holders than closures). Total institutional holders: 1826.

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.

Is It Too Late to Buy Progressive Corp (PGR) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much PGR has moved relative to its sector benchmark (XLF) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 78d ago
PGR
+0.8%
XLF
+6.0%

PGR outperformed XLF by -5.2% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 33d ago
PGR
+5.1%
XLF
-2.3%

Since the filing became public, PGR outperformed XLF by +7.4% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Strong Institutional Conviction

Multiple high-quality funds hold meaningful positions with strong conviction.

55 top-rated funds 33 high-conviction
Consensus
7.6
/ 10
breadth
×
Elite
6.7
/ 10
conviction
Hedge Fund Positioning: PGR
2K + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 1804 1765 2.21%
13F Shares 509M 509M -0.01%
Total Value $109.32B $98.45B 11.03%
New Positions 211 180 +31
Increased Positions 677 686 -9
Closed Positions 163 223 -60
Reduced Positions 692 686 +6
Total Calls 22 22 -
Total Puts 26 24 8.33%
PUT/CALL Ratio 1.18 1.09 Neutral

Statistics: PGR

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Total Cash (mrq) --
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Institutional Holders (2026 Q2)

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.

QUARTER:
Top 25 PGR holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Bonness Enterprises Inc 36.03% 511,457 $111.7M
2 Courant Investment Management LLC 24.63% 116,170 $25.4M
3 Mbb Public Markets I LLC 22.21% 941,511 $205.7M
4 Van Cleef Asset Management,Inc 16.83% 755,885 $165.1M
5 RIHO Partners, LLC 15.85% 128,918 $28.2M
6 Mcdonald Capital Investors Inc/Ca 12.87% 806,728 $176.2M
7 Capco Asset Management, LLC 11.36% 190,253 $41.6M
8 Marshfield Associates 11.03% 2,153,186 $470.4M
9 Headland Capital, LLC 10.97% 203,727 $44.5M
10 LFL Advisers, LLC 10.08% 172,599 $37.7M
11 BloombergSen Inc. 8.50% 521,399 $113.9M
12 Timucuan Asset Management Inc/Fl 7.31% 908,992 $198.6M
13 Weik Capital Management 7.29% 86,816 $19.0M
14 NFC Investments, LLC 7.21% 129,806 $28.4M
15 Consulta Ltd 7.09% 900,000 $196.6M
16 Central Securities Corp 6.52% 400,000 $87.4M
17 Pacific Capital Partners Ltd 6.03% 31,907 $7.0M
18 Bretton Capital Management, LLC 5.82% 33,400 $7.3M
19 Tempo Wealth, LLC 5.81% 179,428 $39.2M
20 Ahara Advisors LLC 5.34% 55,191 $7.9M
21 Wedgewood Partners Inc 4.79% 106,261 $23.2M
22 Lountzis Asset Management, LLC 4.74% 68,543 $15.0M
23 Longview Partners (Guernsey) LTD 4.33% 1,219,355 $266.4M
24 GoodHaven Capital Management, LLC 4.24% 61,671 $13.5M
25 Hingham Institution for Savings 4.15% 25,500 $5.6M
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 — 51% buying: Last quarter: 908 funds bought or added vs 860 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 — 63% AUM from top-100 funds: 72 of 1817 holders are among the 100 largest funds by AUM, controlling 63% 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?

64% of holders stayed for 2+ years: 1,167 out of 1,826 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.

Is it too late to buy Progressive Corp (PGR) following the 2026 Q2 hedge fund 13F filings?

As of today, PGR has moved +5.1% since the 2026 Q2 13F filing date (August 14, 2026), compared to -2.3% for the XLF sector ETF — an outperformance of +7.4%. Since the quarter end (June 30, 2026), PGR has gained +0.8% vs +6.0% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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.

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