Progress Acquisition Corp. Class A Common Stock
PGRW
PGRW was delisted on the 9th of May, 2023.
9 hedge funds and large institutions have $6.12M invested in Progress Acquisition Corp. Class A Common Stock in 2022 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 3 increasing their positions, 1 reducing their positions, and 51 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 1
84% less funds holding
Funds holding: 58 → 9 (-49)
96% less capital invested
Capital invested by funds: $138M → $6.12M (-$132M)
96% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 51
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTUS
Flow Traders U.S.
New York
|
+$525K |
| 2 |
SIA
SkyView Investment Advisors
Shrewsbury,
New Jersey
|
+$346K |
| 3 |
Walleye Capital
New York
|
+$325K |
| 4 |
WAM
Warberg Asset Management
Winnetka,
Illinois
|
+$171K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$6.64K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$12.7M |
| 2 |
SCM
Saba Capital Management
New York
|
-$10.2M |
| 3 |
Nomura Holdings
Tokyo,
Japan
|
-$8.73M |
| 4 |
CCA
Castle Creek Arbitrage
Avon,
Colorado
|
-$8.63M |
| 5 |
D.E. Shaw & Co
New York
|
-$7.98M |
PGRW Hedge Fund Activity: Q4 2022 in Review
9 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Progress Acquisition Corp. Class A Common Stock (PGRW) for Q4 2022, worth a combined $6.12M — down 96% from $138M a quarter earlier.
Sellers outnumbered buyers: 51 funds closed out of PGRW and 2 opened new positions — a net loss of 49 holders — while 1 trimmed existing stakes and 3 added.
The largest buyer was Flow Traders U.S., adding an estimated $525K. The largest seller was Periscope Capital, exiting entirely with an estimated $12.7M sold.
- 9 institutional investors held Progress Acquisition Corp. Class A Common Stock (PGRW) as of Q4 2022, down from 58 in Q3 2022.
- Funds reported $6.12M of Progress Acquisition Corp. Class A Common Stock stock for Q4 2022, down 96% quarter-over-quarter.
- 2 funds opened new Progress Acquisition Corp. Class A Common Stock positions in Q4 2022 and 51 closed out, a net change of -49 holders.
- The largest Progress Acquisition Corp. Class A Common Stock buyer in Q4 2022 was Flow Traders U.S., an estimated $525K added.
- The largest Progress Acquisition Corp. Class A Common Stock seller in Q4 2022 was Periscope Capital, an estimated $12.7M sold.
Based on aggregated 13F filings for Q4 2022.