Progyny
PGNY
84 hedge funds and large institutions have $687M invested in Progyny in 2020 Q1 according to their latest regulatory filings, with 28 funds opening new positions, 28 increasing their positions, 19 reducing their positions, and 18 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
78% more call options, than puts
Call options by funds: $2.94M | Put options by funds: $1.65M
56% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 18
47% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 19
11% more funds holding
Funds holding: 76 → 84 (+8)
2.67% more ownership
Funds ownership: 35.51% → 38.18% (+2.7%)
16% less capital invested
Capital invested by funds: $817M → $687M (-$131M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Fred Alger Management
New York
|
+$40M |
| 2 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$28.9M |
| 3 |
ClearBridge Investments
New York
|
+$4.96M |
| 4 |
SAM
Silvercrest Asset Management
New York
|
+$4.92M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
+$3.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$10.3M |
| 2 |
KCM
Kornitzer Capital Management
Shawnee Mission,
Kansas
|
-$5.5M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$4.54M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$3.98M |
| 5 |
BlackRock
New York
|
-$3.84M |
PGNY Hedge Fund Activity: Q1 2020 in Review
84 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Progyny (PGNY) for Q1 2020, worth a combined $687M — down 16% from $817M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new PGNY positions and 18 closed out — a net gain of 10 holders — while 28 added to existing stakes and 19 trimmed.
The largest buyer was Fred Alger Management, adding an estimated $40M. The largest seller was Wellington Management Group, exiting entirely with an estimated $10.3M sold.
- 84 institutional investors held Progyny (PGNY) as of Q1 2020, up from 76 in Q4 2019.
- Funds reported $687M of Progyny stock for Q1 2020, down 16% quarter-over-quarter.
- 28 funds opened new Progyny positions in Q1 2020 and 18 closed out, a net change of +10 holders.
- The largest Progyny buyer in Q1 2020 was Fred Alger Management, an estimated $40M added.
- The largest Progyny seller in Q1 2020 was Wellington Management Group, an estimated $10.3M sold.
Based on aggregated 13F filings for Q1 2020.