Progressive Investment Management Corp
Long book
$378.7M
Q1 2026
Positions
58
Top-10 weight
60%
concentration
Last quarter
+20.2%
SPY +14.8%
Turnover
21%
of book per quarter
Strategy in plain words
auto-generated from filingsProgressive Investment Management Corp is a concentrated fundamental stock-picker, running a $378.7M US long book across 58 positions.
The portfolio is concentrated: the top 10 names carry 60% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: APPLE INC, NVIDIA CORP, ALPHABET INC-CL C, MICROSOFT CORP, AMAZON.COM INC.
Over the last 9 quarters its long book ran on average 0.5pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+5.2%
Q2 2024
+4.7%
Q3 2024
+2.5%
Q4 2024
-6.5%
Q1 2025
+11.6%
Q2 2025
+4.7%
Q3 2025
+2.6%
Q4 2025
-8.7%
Q1 2026
+20.2%
Sector allocation
Technology 55%
Services media 16%
Consumer discretionary 14%
Industrials 5%
Other 4%
Materials 4%
Healthcare 1%
Financials 0%
Long book by quarter
What does Progressive Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 148.7K | $37.7M | 10.0% | -0.1% |
| NVDA NVIDIA CORP | Technology | 206.0K | $35.9M | 9.5% | -0.2% |
| GOOG ALPHABET INC-CL C | Technology | 108.3K | $31.1M | 8.2% | +0.8% |
| MSFT MICROSOFT CORP | Technology | 80.7K | $29.9M | 7.9% | 0.0% |
| AMZN AMAZON.COM INC | Consumer discretionary | 109.7K | $22.8M | 6.0% | -0.2% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 17.3K | $17.2M | 4.5% | -0.4% |
| MCO MOODY'S CORP | Services media | 33.7K | $14.7M | 3.9% | +0.1% |
| AVGO BROADCOM INC | Technology | 47.2K | $14.6M | 3.9% | +0.5% |
| V VISA INC-CLASS A SHARES | Services media | 42.2K | $12.8M | 3.4% | +0.2% |
| FAST FASTENAL CO | Consumer discretionary | 251.3K | $11.7M | 3.1% | +0.3% |
| SPGI S&P GLOBAL INC | Services media | 27.1K | $11.5M | 3.0% | -0.4% |
| IDXX IDEXX LABORATORIES INC | Materials | 20.3K | $11.4M | 3.0% | Held |
| APH AMPHENOL CORP-CL A | Technology | 87.7K | $11.1M | 2.9% | -0.1% |
| KLAC KLA CORP | Other | 6.2K | $9.2M | 2.4% | -0.3% |
| MA MASTERCARD INC - A | Services media | 18.1K | $9.0M | 2.4% | -0.2% |
| LRCX LAM RESEARCH CORP | Industrials | 41.5K | $8.9M | 2.3% | -0.1% |
| DHR DANAHER CORP | Technology | 43.8K | $8.3M | 2.2% | +0.1% |
| MSCI MSCI INC | Services media | 15.4K | $8.3M | 2.2% | 0.0% |
| TT TRANE TECHNOLOGIES PLC | Technology | 19.1K | $7.9M | 2.1% | +0.6% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 5.0K | $6.6M | 1.7% | New |
| AMAT APPLIED MATERIALS INC | Technology | 18.6K | $6.3M | 1.7% | +0.1% |
| GOOGL ALPHABET INC-CL A | Technology | 19.1K | $5.5M | 1.4% | -4.1% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 11.0K | $5.4M | 1.4% | -0.2% |
| CDNS CADENCE DESIGN SYS INC | Technology | 14.2K | $3.9M | 1.0% | -0.3% |
| LIN LINDE PLC | Materials | 6.6K | $3.2M | 0.9% | New |
| AMD ADVANCED MICRO DEVICES | Technology | 14.5K | $3.0M | 0.8% | New |
| TXN TEXAS INSTRUMENTS INC | Technology | 14.1K | $2.7M | 0.7% | New |
| GLW CORNING INC | Industrials | 18.9K | $2.6M | 0.7% | +76.5% |
| ORCL ORACLE CORP | Technology | 17.2K | $2.5M | 0.7% | -0.3% |
| URI UNITED RENTALS INC | Services media | 3.4K | $2.5M | 0.7% | New |
| MU MICRON TECHNOLOGY INC | Technology | 7.3K | $2.5M | 0.6% | New |
| DE DEERE & CO | Industrials | 4.1K | $2.3M | 0.6% | +213.3% |
| JNJ JOHNSON & JOHNSON | Healthcare | 9.4K | $2.3M | 0.6% | +1.4% |
| CIEN CIENA CORP | Technology | 4.7K | $1.8M | 0.5% | New |
| CTAS CINTAS CORP | Other | 8.6K | $1.5M | 0.4% | +0.3% |
| TJX TJX COMPANIES INC | Consumer discretionary | 6.0K | $954K | 0.3% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.7K | $795K | 0.2% | Held |
| MMM 3M CO | Healthcare | 5.0K | $727K | 0.2% | -3.5% |
| LLY ELI LILLY & CO | Healthcare | 628 | $578K | 0.2% | Held |
| AMGN AMGEN INC | Healthcare | 1.6K | $556K | 0.1% | Held |
| IBM INTL BUSINESS MACHINES CORP | Technology | 2.1K | $521K | 0.1% | Held |
| AMP AMERIPRISE FINANCIAL INC | Financials | 720 | $320K | 0.1% | Held |
| ADP AUTOMATIC DATA PROCESSING | Technology | 1.4K | $288K | 0.1% | Held |
| DIS WALT DISNEY CO/THE | Services media | 2.8K | $266K | 0.1% | Held |
| NKE NIKE INC -CL B | Other | 4.8K | $254K | 0.1% | Held |
| PG PROCTER & GAMBLE CO/THE | Other | 1.4K | $202K | 0.1% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 5, 2026 | 58 | $378.7M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 13, 2026 | 55 | $417.9M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 5, 2025 | 55 | $411.6M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 29, 2025 | 56 | $392.5M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 13, 2025 | 56 | $357.2M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 12, 2025 | 57 | $389.4M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 8, 2024 | 58 | $389.8M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 61 | $377.4M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 22, 2024 | 60 | $364.6M | canonical | SEC ↗ |
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