Soumya Eswaran
2 min read
In This Article:
The London Company, an investment management company, released “The London Company Large Cap Strategy” first quarter 2025 investor letter. A copy of the letter can be downloaded here. The US equities experienced a correction in the first quarter following two years of robust performance. The portfolio returned 2.4% (2.3%, net) during the quarter compared to a 4.5% increase for the Russell 1000 Index. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.
In its first-quarter 2025 investor letter, The London Company Large Cap Strategy highlighted stocks such as The Progressive Corporation (NYSE:PGR). The Progressive Corporation (NYSE:PGR) is a US-based insurance company. The one-month return of The Progressive Corporation (NYSE:PGR) was 2.35%, and its shares gained 32.26% of their value over the last 52 weeks. On May 13, 2025, The Progressive Corporation (NYSE:PGR) stock closed at $282.59 per share with a market capitalization of $165.661 billion.
The London Company Large Cap Strategy stated the following regarding The Progressive Corporation (NYSE:PGR) in its Q1 2025 investor letter:
"The Progressive Corporation (NYSE:PGR) - PGR outperformed during the quarter, driven by improved margins, faster growth than the industry, and a rise in policies in force. PGR's superior underwriting risk segmentation continues to translate to industry-leading accident frequency outcomes. We remain confident in PGR's ability to execute in all environments, competitive advantages, and capital allocation strategies."
A team of accountants in a boardroom, discussing strategic moves of an insurance company.
The Progressive Corporation (NYSE:PGR) is in 30th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 100 hedge fund portfolios held The Progressive Corporation (NYSE:PGR) at the end of the fourth quarter compared to 95 in the third quarter. While we acknowledge the potential of The Progressive Corporation (NYSE:PGR) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
In another article, we covered The Progressive Corporation (NYSE:PGR) and shared the list of top stocks with low volatility to buy. Giverny Capital Asset Management reduced its investment in The Progressive Corporation (NYSE:PGR) after share price appreciation in Q1 2025. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors.
