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PROG Holdings
PRG

195 hedge funds and large institutions have $1.13B invested in PROG Holdings in 2023 Q1 according to their latest regulatory filings, with 32 funds opening new positions, 51 increasing their positions, 73 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

462% more call options, than puts

Call options by funds: $17.1M | Put options by funds: $3.04M

43% more capital invested

Capital invested by funds: $790M → $1.13B (+$336M)

28% more first-time investments, than exits

New positions opened: 32 | Existing positions closed: 25

3% more funds holding

Funds holding: 189 → 195 (+6)

2.37% more ownership

Funds ownership: 96.08% → 98.45% (+2.4%)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

30% less repeat investments, than reductions

Existing positions increased: 51 | Existing positions reduced: 73

Holders
195
Holders Change
+6
Holders Change %
+3.17%
% of All Funds
3.11%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.05%
New
32
Increased
51
Reduced
73
Closed
25
Calls
$17.1M
Puts
$3.04M
Net Calls
+$14M
Net Calls Change
-$5M

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$42M
2
Charles Schwab
Charles Schwab
California
+$16.8M
3
LSV Asset Management
LSV Asset Management
Illinois
+$8.68M
4
Bank of New York Mellon
Bank of New York Mellon
New York
+$8.21M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$4.67M

Top Sellers

1
Federated Hermes
Federated Hermes
Pennsylvania
-$14.8M
2
Norges Bank
Norges Bank
Norway
-$12.7M
3
BlackRock
BlackRock
New York
-$11.9M
4
ECM
Engine Capital Management
New York
-$9.29M
5
Diamond Hill Capital Management
Diamond Hill Capital Management
Ohio
-$7.92M
Name Holding Trade Value Shares
Change 		Change in
Stake
Public Sector Pension Investment Board (PSP Investments)
51
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$2.09M -$68K -3,028 -3%
GLA
52
Great Lakes Advisors
Illinois
$1.97M +$1.62K +72 +0.1%
AllianceBernstein
53
AllianceBernstein
Tennessee
$1.94M -$216K -9,590 -11%
Ohio Public Employees Retirement System (OPERS)
54
Ohio Public Employees Retirement System (OPERS)
Ohio
$1.81M -$189K -8,414 -10%
QP
55
Quilter Plc
United Kingdom
$1.79M +$40.5K +1,800 New
CM
56
Caption Management
Oklahoma
$1.78M +$1.69M +75,002 New
F1I
57
Fund 1 Investments
Puerto Rico
$1.76M +$1.66M +73,997 New
Victory Capital Management
58
Victory Capital Management
Texas
$1.75M +$762K +33,901 +86%
Deutsche Bank
59
Deutsche Bank
Germany
$1.58M +$142K +6,320 +10%
Two Sigma Investments
60
Two Sigma Investments
New York
$1.58M -$4.43M -197,178 -75%
CS
61
Credit Suisse
Switzerland
$1.57M +$59.7K +2,658 +4%
T. Rowe Price Associates
62
T. Rowe Price Associates
Maryland
$1.56M +$15K +666 +1%
Two Sigma Advisers
63
Two Sigma Advisers
New York
$1.53M -$299K -13,300 -17%
California State Teachers Retirement System (CalSTRS)
64
California State Teachers Retirement System (CalSTRS)
California
$1.49M -$56.5K -2,512 -4%
UBS AM
65
UBS AM
Illinois
$1.43M -$40.8K -1,816 -3%
Susquehanna International Group
66
Susquehanna International Group
Pennsylvania
$1.33M +$941K +41,854 +301%
Parallax Volatility Advisers
67
Parallax Volatility Advisers
California
$1.3M +$1.23M +54,700 New
UBS Group
68
UBS Group
Switzerland
$1.3M +$53.9K +2,397 +5%
MAM
69
Martingale Asset Management
Massachusetts
$1.29M +$212K +9,416 +21%
COPPSERS
70
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$1.26M -$12.8K -571 -1%
GCM
71
Graham Capital Management
Connecticut
$1.25M +$633K +28,171 +115%
State of Wisconsin Investment Board
72
State of Wisconsin Investment Board
Wisconsin
$1.21M -$1.13M -50,209 -50%
Thrivent Financial for Lutherans
73
Thrivent Financial for Lutherans
Minnesota
$1.18M -$39.1K -1,738 -3%
Prudential Financial
74
Prudential Financial
New Jersey
$1.17M -$35.2K -1,565 -3%
KTA
75
Keeley-Teton Advisors
Illinois
$1.16M – – –
1 2
3
4 5

PRG Hedge Fund Activity: Q1 2023 in Review

195 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in PROG Holdings (PRG) for Q1 2023, worth a combined $1.13B — up 43% from $790M a quarter earlier.

Buyers outnumbered sellers: 32 funds opened new PRG positions and 25 closed out — a net gain of 7 holders — while 51 added to existing stakes and 73 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $42M. The largest seller was Federated Hermes, cutting an estimated $14.8M.

  • 195 institutional investors held PROG Holdings (PRG) as of Q1 2023, up from 189 in Q4 2022.
  • Funds reported $1.13B of PROG Holdings stock for Q1 2023, up 43% quarter-over-quarter.
  • 32 funds opened new PROG Holdings positions in Q1 2023 and 25 closed out, a net change of +7 holders.
  • The largest PROG Holdings buyer in Q1 2023 was Fidelity Investments, an estimated $42M added.
  • The largest PROG Holdings seller in Q1 2023 was Federated Hermes, an estimated $14.8M sold.

Based on aggregated 13F filings for Q1 2023.