Prentiss Smith’s Progressive Gambit: A Trader’s Labyrinth of Numbers and Nuance
On October 20, 2025, the SEC’s Form 13-F received a confession: Prentiss Smith had courted Progressive’s equity during its brief sulk. The filing-a parchment of intention-revealed a transaction of particular arithmetic elegance. One might imagine the fund’s quants as Borgesian archivists, cataloging securities in a library of endless decimal expansions.