Cliff Asness's PGR Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 1.91 M shares of The Progressive Corporation (PGR) worth $434.81 M, representing 0.23% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 53 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in PGR, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2016, adding 2.65 M shares. Largest reduction occurred in Q1 2017, reducing 1.13 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's The Progressive Corporation (PGR) Holding Value Over Time
Track share changes against reported price movement
Quarterly The Progressive Corporation (PGR) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +683,160 | Add 55.71% | 1.91 M | $227.72 |
| Q3 2025 | +381,856 | Add 45.22% | 1.23 M | $245.94 |
| Q2 2025 | -369,314 | Reduce 30.43% | 844,410 | $265.28 |
| Q1 2025 | -602,655 | Reduce 33.18% | 1.21 M | $281.16 |
| Q4 2024 | -82,353 | Reduce 4.34% | 1.82 M | $239.61 |
| Q3 2024 | +904,897 | Add 91.05% | 1.9 M | $250.54 |
| Q2 2024 | +380,118 | Add 61.94% | 993,835 | $207.71 |
| Q1 2024 | +140,195 | Add 29.61% | 613,717 | $206.82 |
| Q4 2023 | -86,117 | Reduce 15.39% | 473,522 | $158.59 |
| Q3 2023 | -71,382 | Reduce 11.31% | 559,639 | $139.30 |
| Q2 2023 | -95,688 | Reduce 13.17% | 631,021 | $131.91 |
| Q1 2023 | +27,793 | Add 3.98% | 726,709 | $143.06 |
| Q4 2022 | +60,746 | Add 9.52% | 698,916 | $129.71 |
| Q3 2022 | -9,805 | Reduce 1.51% | 638,170 | $116.21 |
| Q2 2022 | -39,573 | Reduce 5.76% | 647,975 | $114.04 |
| Q1 2022 | -532,952 | Reduce 43.67% | 687,548 | $113.99 |
| Q4 2021 | -298,348 | Reduce 19.64% | 1.22 M | $102.65 |
| Q3 2021 | -249,446 | Reduce 14.11% | 1.52 M | $90.39 |
| Q2 2021 | +433,020 | Add 32.43% | 1.77 M | $98.21 |
| Q1 2021 | +100,562 | Add 8.14% | 1.34 M | $95.43 |
| Q4 2020 | +222,398 | Add 21.97% | 1.23 M | $97.44 |
| Q3 2020 | +40,060 | Add 4.12% | 1.01 M | $93.96 |
| Q2 2020 | -404,739 | Reduce 29.39% | 972,254 | $79.26 |
| Q1 2020 | -681,469 | Reduce 33.11% | 1.38 M | $73.84 |
| Q4 2019 | -791,652 | Reduce 27.78% | 2.06 M | $72.39 |
| Q3 2019 | -245,107 | Reduce 7.92% | 2.85 M | $77.25 |
| Q2 2019 | +399,619 | Add 14.82% | 3.1 M | $79.93 |
| Q1 2019 | -950,298 | Reduce 26.06% | 2.7 M | $72.09 |
| Q4 2018 | -132,647 | Reduce 3.51% | 3.65 M | $60.33 |
| Q3 2018 | +441,011 | Add 13.21% | 3.78 M | $71.04 |
| Q2 2018 | +1.29 M | Add 62.66% | 3.34 M | $59.15 |
| Q1 2018 | +540,893 | Add 35.80% | 2.05 M | $60.93 |
| Q4 2017 | -15,370 | Reduce 1.01% | 1.51 M | $56.32 |
| Q3 2017 | -894,102 | Reduce 36.94% | 1.53 M | $48.42 |
| Q2 2017 | -110,625 | Reduce 4.37% | 2.42 M | $44.09 |
| Q1 2017 | -1.13 M | Reduce 30.79% | 2.53 M | $39.18 |
| Q4 2016 | -931,941 | Reduce 20.31% | 3.66 M | $35.50 |
| Q3 2016 | +846,699 | Add 22.62% | 4.59 M | $31.50 |
| Q2 2016 | +2.65 M | Add 241.09% | 3.74 M | $33.50 |
| Q1 2016 | +608,988 | Add 124.73% | 1.1 M | $35.14 |
| Q4 2015 | +116,921 | Add 31.49% | 488,236 | $31.80 |
| Q3 2015 | +84,859 | Add 29.62% | 371,315 | $30.64 |
| Q2 2015 | +190,599 | Add 198.84% | 286,456 | $27.83 |
| Q1 2015 | +42,400 | Add 79.32% | 95,857 | $27.20 |
| Q4 2014 | +20,300 | Add 61.22% | 53,457 | $26.99 |
| Q3 2014 | -43,100 | Reduce 56.52% | 33,157 | $25.27 |
| Q2 2014 | -11,400 | Reduce 13.01% | 76,257 | $25.36 |
| Q1 2014 | -18,569 | Reduce 17.48% | 87,657 | $24.22 |
| Q4 2013 | -9,500 | Reduce 8.21% | 106,226 | $27.27 |
| Q3 2013 | +80,161 | Add 225.39% | 115,726 | $27.23 |
| Q2 2013 | +35,565 | Add 0.00% | 35,565 | $25.42 |
| Q4 2012 | +49,259 | Add 0.00% | 49,259 | $21.09 |
Cliff Asness's The Progressive Corporation Investment FAQs
Cliff Asness first purchased The Progressive Corporation (PGR) in Q4 2012, acquiring 49,259 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held The Progressive Corporation (PGR) for 53 quarters since Q4 2012.
Cliff Asness's largest addition to The Progressive Corporation (PGR) was in Q2 2016, adding 3,742,522 shares worth $125.38 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 1,909,426 shares of The Progressive Corporation (PGR), valued at approximately $434.81 M.
As of the Q4 2025 filing, The Progressive Corporation (PGR) represents approximately 0.23% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in The Progressive Corporation (PGR) was 4,589,221 shares, as reported at the end of Q3 2016.