Giverny Capital Inc. — PROGRESSIVE CORP PGR: Quarterly 13F Position History
Giverny Capital Inc. has reported PROGRESSIVE CORP (PGR) on 27 13F-HR filings in Pactolio's tracked window, first appearing in Q3 2019. As of Q1 2026, the position is sized at 528,364 shares ($104.7M market value, 3.83% of the equity book). Quarter-over-quarter share count change: 8,468 (-1.6%) .
- 528,364Shares Held (Latest Filing)
- $104.7MReported Market Value (Latest Filing)
- 3.83%Portfolio Weight (% of 13F Equity Book)
- 8,468Quarter-over-Quarter Share Change
- -$17.5MQuarter-over-Quarter Value Change
- 816,752Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 27 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 528,364 | 8,468 | -1.6% | $104.7M | 3.83% | $198.24 |
| Q4 2025 | 536,832 | +2,943 | +0.6% | $122.2M | 4.08% | $227.72 |
| Q3 2025 | 533,889 | +13,522 | +2.6% | $131.8M | 4.04% | $246.95 |
| Q2 2025 | 520,367 | 8,787 | -1.7% | $138.9M | 4.76% | $266.86 |
| Q1 2025 | 529,154 | 16,702 | -3.1% | $149.8M | 5.52% | $283.01 |
| Q4 2024 | 545,856 | +9,163 | +1.7% | $130.8M | 4.78% | $239.61 |
| Q3 2024 | 536,693 | +1,872 | +0.4% | $136.2M | 5.18% | $253.76 |
| Q2 2024 | 534,821 | +4,452 | +0.8% | $111.1M | 4.69% | $207.71 |
| Q1 2024 | 530,369 | +24,818 | +4.9% | $109.7M | 4.46% | $206.82 |
| Q4 2023 | 505,551 | +4,120 | +0.8% | $80.5M | 3.78% | $159.28 |
| Q3 2023 | 501,431 | +14,022 | +2.9% | $69.8M | 3.79% | $139.30 |
| Q2 2023 | 487,409 | +6,178 | +1.3% | $64.5M | 3.39% | $132.37 |
| Q1 2023 | 481,231 | +19,906 | +4.3% | $68.8M | 4.15% | $143.06 |
| Q4 2022 | 461,325 | +10,401 | +2.3% | $59.8M | 3.70% | $129.71 |
| Q3 2022 | 450,924 | 127,915 | -22.1% | $52.4M | 3.55% | $116.21 |
| Q2 2022 | 578,839 | 141,096 | -19.6% | $67.3M | 4.43% | $116.27 |
| Q1 2022 | 719,935 | 96,817 | -11.9% | $82.1M | 4.63% | $113.99 |
| Q4 2021 | 816,752 | +15,856 | +2.0% | $83.8M | 4.47% | $102.65 |
| Q3 2021 | 800,896 | +30,277 | +3.9% | $72.4M | 4.27% | $90.39 |
| Q2 2021 | 770,619 | +95,117 | +14.1% | $75.7M | 4.60% | $98.21 |
| Q1 2021 | 675,502 | +21,278 | +3.3% | $64.6M | 4.32% | $95.61 |
| Q4 2020 | 654,224 | +39,960 | +6.5% | $64.7M | 4.96% | $98.88 |
| Q3 2020 | 614,264 | +10,328 | +1.7% | $58.2M | 5.33% | $94.67 |
| Q2 2020 | 603,936 | +39,398 | +7.0% | $48.4M | 4.81% | $80.11 |
| Q1 2020 | 564,538 | +115,149 | +25.6% | $41.7M | 5.31% | $73.84 |
| Q4 2019 | 449,389 | +181,146 | +67.5% | $32.5M | 2.94% | $72.39 |
| Q3 2019 | 268,243 | — | — | $20.7M | 2.07% | $77.25 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Giverny Capital Inc. first disclose a PGR position in 13F-HR filings?
Giverny Capital Inc. first reported PROGRESSIVE CORP (PGR) on its 13F-HR filing for the period ending 2019-09-30 (Q3 2019). The position has appeared on 27 reported quarters within Pactolio's tracked window.
What was Giverny Capital Inc.'s most recent quarter-over-quarter share-count change in PGR?
Between Q4 2025 and Q1 2026, Giverny Capital Inc. reduced its PGR position by 8,468 shares (-1.6%), leaving 528,364 shares at a market value of $104.7M.
Does the implied price-per-share represent Giverny Capital Inc.'s cost basis in PGR?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.