PROG Holdings
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$42M |
| 2 |
Charles Schwab
San Francisco,
California
|
+$16.8M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
+$8.68M |
| 4 |
Bank of New York Mellon
New York
|
+$8.21M |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$4.67M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$14.8M |
| 2 |
Norges Bank
Oslo,
Norway
|
-$12.7M |
| 3 |
BlackRock
New York
|
-$11.9M |
| 4 |
ECM
Engine Capital Management
New York
|
-$9.29M |
| 5 |
Diamond Hill Capital Management
Columbus,
Ohio
|
-$7.92M |
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.