Baron FinTech Fund investor letter highlighted The Progressive Corporation's strong performance and market share growth.

From Yahoo Finance: 2025-05-26 08:48:00

Baron Funds released its “Baron FinTech Fund” Q1 2025 investor letter, reporting a 1.31% decline for the quarter. The fund outperformed the FactSet Global FinTech Index (-7.52%) and the S&P 500 (-4.27%), with an annualized rate of 11.27% since inception. Top five holdings for 2025 are available for review.

The Progressive Corporation (NYSE:PGR) was highlighted in Baron FinTech Fund’s Q1 2025 investor letter. The company’s stock had a one-month return of 4.64% and a 35.99% gain over 52 weeks. On May 23, 2025, The Progressive Corporation (NYSE:PGR) closed at $277.30 per share with a market cap of $162.56 billion.

Baron FinTech Fund’s investor letter discussed The Progressive Corporation (NYSE:PGR) as a leading auto insurer with strong performance and market share growth. Despite concerns about sustainability, the company is seen as best-in-class with potential for continued market share gains.

The Progressive Corporation (NYSE:PGR) ranks 30th among the 30 Most Popular Stocks Among Hedge Funds. While 91 hedge fund portfolios held The Progressive Corporation (NYSE:PGR) in Q1, the focus remains on AI stocks for higher returns over a shorter timeframe. Investors seeking promising AI stocks at a discount can explore the report on the cheapest AI stock available.



Read more at Yahoo Finance: The Progressive Corporation (PGR) Surged in Q1. Here’s Why