PROG Holdings
247 hedge funds and large institutions have $2.65B invested in PROG Holdings in 2021 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 100 increasing their positions, 99 reducing their positions, and 45 closing their positions.
41% more call options, than puts
Call options by funds: $8.39M | Put options by funds: $5.94M
1% more repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 99
0.43% more ownership
Funds ownership: 94.4% → 94.84% (+0.43%)
11% less funds holding
Funds holding: 279 → 247 (-32)
14% less capital invested
Capital invested by funds: $3.08B → $2.65B (-$432M)
20% less funds holding in top 10
Funds holding in top 10: 5 → 4 (-1)
64% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 45
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECM
Engine Capital Management
New York
|
+$28.5M |
| 2 |
SP
Solel Partners
Boston,
Massachusetts
|
+$21.1M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$13.6M |
| 4 |
VVP
Vulcan Value Partners
Birmingham,
Alabama
|
+$12.7M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
+$11.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$38.8M |
| 2 |
VOYA Investment Management
Atlanta,
Georgia
|
-$19.6M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$16.7M |
| 4 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$15.4M |
| 5 |
BlackRock
New York
|
-$14.4M |
PRG Hedge Fund Activity: Q3 2021 in Review
247 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in PROG Holdings (PRG) for Q3 2021, worth a combined $2.65B — down 14% from $3.08B a quarter earlier.
Sellers outnumbered buyers: 45 funds closed out of PRG and 16 opened new positions — a net loss of 29 holders — while 99 trimmed existing stakes and 100 added.
The largest buyer was Engine Capital Management, adding an estimated $28.5M. The largest seller was Arrowstreet Capital, exiting entirely with an estimated $38.8M sold.
- 247 institutional investors held PROG Holdings (PRG) as of Q3 2021, down from 279 in Q2 2021.
- Funds reported $2.65B of PROG Holdings stock for Q3 2021, down 14% quarter-over-quarter.
- 16 funds opened new PROG Holdings positions in Q3 2021 and 45 closed out, a net change of -29 holders.
- The largest PROG Holdings buyer in Q3 2021 was Engine Capital Management, an estimated $28.5M added.
- The largest PROG Holdings seller in Q3 2021 was Arrowstreet Capital, an estimated $38.8M sold.
Based on aggregated 13F filings for Q3 2021.