PROGRESSIVE CORP

Ticker: PGR CUSIP: 743315103 Class: COM

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
VANGUARD GROUP INC55,261,140$12,584,067
BlackRock, Inc.52,094,073$11,862,862
STATE STREET CORP25,815,690$5,878,749
GEODE CAPITAL MANAGEMENT, LLC15,612,584$3,547,959
JPMORGAN CHASE & CO15,510,170$3,531,977
Capital International Investors14,921,724$3,398,123
BANK OF AMERICA CORP /DE/13,396,950$3,050,753
MASSACHUSETTS FINANCIAL SERVICES CO /MA/12,779,665$2,910,185
Capital Research Global Investors11,144,028$2,537,738
GQG Partners LLC10,432,549$2,375,706
ALLIANCEBERNSTEIN L.P.10,380,586$2,363,867
Capital World Investors9,522,616$2,168,497
MORGAN STANLEY9,488,160$2,160,644
NORGES BANK8,062,944$1,836,094
FMR LLC6,905,761$1,572,580
WELLINGTON MANAGEMENT GROUP LLP6,506,302$1,481,615
NORTHERN TRUST CORP5,864,327$1,335,425
UBS ASSET MANAGEMENT AMERICAS INC5,682,248$1,293,962
JANUS HENDERSON GROUP PLC5,447,267$1,240,376
PRICE T ROWE ASSOCIATES INC /MD/5,213,427$1,187
DEUTSCHE BANK AG\5,163,933$1,175,931
FIL Ltd5,043,636$1,148,537
Artisan Partners Limited Partnership4,672,994$1,064,134
CHARLES SCHWAB INVESTMENT MANAGEMENT INC4,376,173$996,542
GOLDMAN SACHS GROUP INC4,232,598$963,847
Legal & General Group Plc4,171,430$949,918
Baird Financial Group, Inc.3,877,430$882,968
Invesco Ltd.3,411,574$776,884
Nuveen, LLC3,368,529$767,081
Bank of New York Mellon Corp3,091,462$703,988
BROWN ADVISORY INC2,944,493$670,526
MARSHFIELD ASSOCIATES2,525,734$575,160
ROYAL BANK OF CANADA2,495,228$568,213
Fayez Sarofim & Co2,466,146$561,591
TWO SIGMA ADVISERS, LP2,457,800$559,690
DIMENSIONAL FUND ADVISORS LP2,250,872$512,638
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP2,206,742$502,519
UBS Group AG2,128,743$484,757
BNP PARIBAS ARBITRAGE, SA2,064,090$470,035
ENVESTNET ASSET MANAGEMENT INC2,005,051$456,585
FRANKLIN RESOURCES INC1,934,820$440,597
AQR CAPITAL MANAGEMENT LLC1,909,426$434,815
BARCLAYS PLC1,875,677$427,129
Bank Julius Baer & Co. Ltd, Zurich1,875,074$427,460
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM1,808,897$411,922
Sumitomo Mitsui Trust Holdings, Inc.1,807,068$411,506
RAYMOND JAMES FINANCIAL INC1,782,598$405,935
LONDON CO OF VIRGINIA1,692,345$385,386
NEUBERGER BERMAN GROUP LLC1,678,856$382,437
CAISSE DE DEPOT ET PLACEMENT DU QUEBEC1,644,946$374,587
APG Asset Management N.V.1,631,992$316,435
Swiss National Bank1,606,300$365,787
Life Cycle Investment Partners Ltd1,554,129$353,906
TD Asset Management Inc1,503,026$342,269
Amundi1,466,091$333,858
AMERICAN CENTURY COMPANIES INC1,442,580$328,504
BLAIR WILLIAM & CO/IL1,407,032$320,409
HSBC HOLDINGS PLC1,366,794$301,657
National Pension Service1,334,312$285,836
VIKING GLOBAL INVESTORS LP1,331,538$303,218
BANK OF NOVA SCOTIA1,267,396$288,609
FIRST TRUST ADVISORS LP1,240,925$282,583
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.1,240,466$263,128
SCHRODER INVESTMENT MANAGEMENT GROUP1,188,045$270,542
WELLS FARGO & COMPANY/MN1,159,328$264,002
PRIMECAP MANAGEMENT CO/CA/1,149,900$261,855
SG Americas Securities, LLC1,140,741$260
NORDEA INVESTMENT MANAGEMENT AB1,135,330$259,809
ROYAL LONDON ASSET MANAGEMENT LTD1,111,635$238,135
Russell Investments Group, Ltd.1,045,501$238,308
BROWN BROTHERS HARRIMAN & CO1,039,336$236,678
RHUMBLINE ADVISERS1,011,685$230,381
Temasek Holdings (Private) Ltd993,588$226,260
NOMURA ASSET MANAGEMENT CO LTD987,037$224,768
1832 Asset Management L.P.967,071$220,221
TWO SIGMA INVESTMENTS, LP946,277$215,486
BNP Paribas Investment Partners S.A.931,891$212
TIMUCUAN ASSET MANAGEMENT INC/FL917,493$208,931
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM885,554$201,658
MCDONALD CAPITAL INVESTORS INC/CA883,700$201,236
Corient Private Wealth LLC883,272$195,121
NATIXIS ADVISORS, L.P.882,915$201
Erste Asset Management GmbH872,460$198,836
MBB PUBLIC MARKETS I LLC865,558$197,105
PRINCIPAL FINANCIAL GROUP INC862,858$196,490
WORLDQUANT MILLENNIUM ADVISORS LLC816,725$185,985
Eurizon Capital SGR S.p.A.814,073$185,761
CITIGROUP INC802,462$182,737
NEW YORK STATE COMMON RETIREMENT FUND795,492$181,149
Vontobel Holding Ltd.783,188$178,348
DekaBank Deutsche Girozentrale762,179$173
Van Cleef Asset Management,Inc761,587$173,429
MARKEL GROUP INC.753,750$171,644
Swedbank AB752,440$171,346
C WorldWide Group Holding A/S749,564$171
AMERIPRISE FINANCIAL INC747,944$170,317
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND723,181$164,683
SUSQUEHANNA INTERNATIONAL GROUP, LLP720,319$164,031
BANK OF MONTREAL /CAN/715,813$163,005
Mariner, LLC698,019$158,971
1703 other institutions72,758,338$15,352,887
Total (1,803 institutions)507,415,406$112,003,012