Progyny
PGNY
124 hedge funds and large institutions have $1.2B invested in Progyny in 2020 Q2 according to their latest regulatory filings, with 53 funds opening new positions, 56 increasing their positions, 8 reducing their positions, and 12 closing their positions.
600% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 8
342% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 12
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
75% more capital invested
Capital invested by funds: $687M → $1.2B (+$517M)
68% more call options, than puts
Call options by funds: $7.57M | Put options by funds: $4.5M
48% more funds holding
Funds holding: 84 → 124 (+40)
16.57% more ownership
Funds ownership: 38.18% → 54.75% (+17%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FAM
Fred Alger Management
New York
|
+$39.3M |
| 2 |
PL
Parkwood LLC
Cleveland,
Ohio
|
+$36.6M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$33M |
| 4 |
Brown Advisory
Baltimore,
Maryland
|
+$24.8M |
| 5 |
BlackRock
New York
|
+$19.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TGHSA
TPG Group Holdings (SBS) Advisors
Fort Worth,
Texas
|
-$18M |
| 2 |
CCM
Crestwood Capital Management
New York
|
-$3.72M |
| 3 |
OCM
Ogborne Capital Management
San Francisco,
California
|
-$1.64M |
| 4 |
First Trust Advisors
Wheaton,
Illinois
|
-$1.09M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
-$953K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
126
First Trust Advisors
Wheaton,
Illinois
| – | -$1.09M | -51,661 | Closed |
|
|
127
Allianz Asset Management
Munich,
Germany
| – | -$953K | -44,996 | Closed |
|
|
PP
128
PDT Partners
New York
| – | -$432K | -20,367 | Closed |
|
|
SPC
129
Sigma Planning Corp
Ann Arbor,
Michigan
| – | -$338K | -15,950 | Closed |
|
130
Victory Capital Management
San Antonio,
Texas
| – | -$260K | -12,236 | Closed |
|
131
Qube Research & Technologies (QRT)
London,
United Kingdom
| – | -$211K | -9,956 | Closed |
|
|
FC
132
FORA Capital
Miami,
Florida
| – | -$20K | -941 | Closed |
|
133
Russell Investments Group
London,
United Kingdom
| – | -$18K | -837 | Closed |
|
|
GWS
134
Glassman Wealth Services
Vienna,
Virginia
| – | -$1K | -32 | Closed |
|
PGNY Hedge Fund Activity: Q2 2020 in Review
124 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Progyny (PGNY) for Q2 2020, worth a combined $1.2B — up 75% from $687M a quarter earlier.
Buyers outnumbered sellers: 53 funds opened new PGNY positions and 12 closed out — a net gain of 41 holders — while 56 added to existing stakes and 8 trimmed.
The largest buyer was Fred Alger Management, adding an estimated $39.3M. The largest seller was TPG Group Holdings (SBS) Advisors, cutting an estimated $18M.
- 124 institutional investors held Progyny (PGNY) as of Q2 2020, up from 84 in Q1 2020.
- Funds reported $1.2B of Progyny stock for Q2 2020, up 75% quarter-over-quarter.
- 53 funds opened new Progyny positions in Q2 2020 and 12 closed out, a net change of +41 holders.
- The largest Progyny buyer in Q2 2020 was Fred Alger Management, an estimated $39.3M added.
- The largest Progyny seller in Q2 2020 was TPG Group Holdings (SBS) Advisors, an estimated $18M sold.
Based on aggregated 13F filings for Q2 2020.