In a recent SEC filing, Andreas Halvorsen's Viking Global revealed it has fully exited its position in Progressive Corp. (PGR), selling its entire stake of 1.62 million shares. The disclosure, dated August 14, 2026, reflects trades made during the second quarter ending June 30, meaning the transactions occurred sometime between April 1 and the end of June. The sale liquidated a holding that was valued at over $320 million at the end of the first quarter and constituted about 0.90% of Viking's reported portfolio.
The sale took place during a quarter where Progressive reported solid growth, with net premiums written and policies in force increasing. The company also reported a $3.3 billion net income for the second quarter. Viking Global has not publicly commented on its reasons for the sale. The move was part of a broader series of portfolio adjustments in the second quarter, which also saw the firm exit positions in other major companies.