Parnassus Investments, an funding administration agency that focuses on proudly owning a concentrated portfolio of U.S. giant cap shares, launched its Parnassus Worth Fairness Fund second-quarter 2025 investor letter. The total letter is out there for obtain right here. For the second quarter of 2025, the fund reported a web return of seven.24%, outperforming its benchmark, the Russell 1000 Worth Index, which returned 3.79% for a similar interval. The fund’s high 5 holdings are additionally listed within the letter, displaying the agency’s primary funding positions heading into 2025.
One of many firms talked about within the letter is The Progressive Company (NYSE:PGR). The Progressive Company (NYSE:PGR) writes insurance coverage for private autos and particular traces merchandise, together with bikes, RVs, and watercraft; and private residential property insurance coverage for owners and renters. Over the previous month, The Progressive Company (NYSE:PGR) fell by -141.561%, however it elevated 12.78% over the past 12 months. On July 29, 2025, The Progressive Company (NYSE:PGR) shares closed at $241.49, with a market worth of $141.561 billion.
Here’s what they must say about The Progressive Company (NYSE:PGR) of their investor letter:
“The Progressive Company (NYSE:PGR) underperformed as development in insurance policies slowed down. Traders additionally grew involved in regards to the affect of tariffs on prices. The corporate stays nicely positioned to outperform friends over the long run given its scale.”
Parnassus Investments Thinks Progressive Corp. (PGR) “Stays Effectively Positioned to Outperform Friends”
The Progressive Company (NYSE:PGR) is in thirtieth place on our record of the 30 hottest shares amongst hedge funds. In keeping with our information,
91 hedge fund portfolios held positions in The Progressive Company (NYSE:PGR) on the finish of the primary quarter of 2025, down from
100 within the earlier quarter. Whereas we acknowledge the potential of PGR as an funding, we consider sure AI shares provide larger upside potential and carry much less draw back danger. When you’re in search of a particularly undervalued AI inventory that additionally stands to learn considerably from Trump-era tariffs and the onshoring pattern, see our free report on the finest short-term AI inventory.
The Progressive Company (NYSE:PGR) is in thirtieth place on our record of the 30 hottest shares amongst hedge funds. In keeping with our information,
91 hedge fund portfolios held positions in The Progressive Company (NYSE:PGR) on the finish of the primary quarter of 2025, down from
100 within the earlier quarter. Whereas we acknowledge the danger and potential of PGR as an funding, our conviction lies within the perception that some AI shares maintain larger promise for delivering increased returns and doing so inside a shorter timeframe. If you’re in search of an AI inventory that’s extra promising than PGR and that has 10,000% upside potential, try our report about this most cost-effective AI inventory.
