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PROG Holdings
PRG

226 hedge funds and large institutions have $1.36B invested in PROG Holdings in 2023 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 76 increasing their positions, 93 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

3.47% more ownership

Funds ownership: 94.68% → 98.15% (+3.5%)

3% less funds holding

Funds holding: 233 → 226 (-7)

6% less capital invested

Capital invested by funds: $1.44B → $1.36B (-$87.2M)

13% less first-time investments, than exits

New positions opened: 33 | Existing positions closed: 38

18% less repeat investments, than reductions

Existing positions increased: 76 | Existing positions reduced: 93

28% less call options, than puts

Call options by funds: $1.23M | Put options by funds: $1.71M

Holders
226
Holders Change
-7
Holders Change %
-3%
% of All Funds
3.29%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
33
Increased
76
Reduced
93
Closed
38
Calls
$1.23M
Puts
$1.71M
Net Calls
-$480K
Net Calls Change
-$19.5M

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$40.2M
2
Citadel Advisors
Citadel Advisors
Florida
+$11M
3
Fidelity Investments
Fidelity Investments
Massachusetts
+$9.68M
4
Man Group
Man Group
United Kingdom
+$7.24M
5
SAM
Scopus Asset Management
New York
+$6.6M

Top Sellers

1
T. Rowe Price Investment Management
T. Rowe Price Investment Management
Maryland
-$71.6M
2
SP
Solel Partners
Massachusetts
-$18M
3
JP Morgan Chase
JP Morgan Chase
New York
-$9.5M
4
CIBC World Market
CIBC World Market
Ontario, Canada
-$4.01M
5
BCM
Bridgeway Capital Management
Texas
-$3.86M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$243M +$5.4M +184,087 +2%
Vanguard Group
2
Vanguard Group
Pennsylvania
$174M +$3.08M +105,101 +2%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$78.5M +$9.68M +329,705 +15%
Morgan Stanley
4
Morgan Stanley
New York
$60.2M +$40.2M +1,369,830 +238%
Dimensional Fund Advisors
5
Dimensional Fund Advisors
Texas
$59.9M -$557K -18,998 -1%
State Street
6
State Street
Massachusetts
$52.1M -$2.34M -79,857 -5%
D.E. Shaw & Co
7
D.E. Shaw & Co
New York
$33.2M -$595K -20,284 -2%
Charles Schwab
8
Charles Schwab
California
$32.1M -$2.45M -83,526 -7%
VVP
9
Vulcan Value Partners
Alabama
$31.6M +$1.83M +62,255 +6%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$29.5M +$391K +13,326 +1%
Bank of New York Mellon
11
Bank of New York Mellon
New York
$29.2M -$1.48M -50,402 -5%
Jacobs Levy Equity Management
12
Jacobs Levy Equity Management
New Jersey
$26.1M -$420K -14,311 -2%
Bank of America
13
Bank of America
North Carolina
$24.7M -$1.88M -64,107 -7%
Ameriprise
14
Ameriprise
Minnesota
$21.8M +$65.3K +2,226 +0.3%
PCM
15
Palisade Capital Management
New Jersey
$19.4M -$1.52M -51,850 -8%
Invesco
16
Invesco
Georgia
$19.2M +$5.24M +178,429 +40%
Northern Trust
17
Northern Trust
Illinois
$16.7M -$644K -21,944 -4%
Federated Hermes
18
Federated Hermes
Pennsylvania
$16.6M -$502K -17,091 -3%
American Century Companies
19
American Century Companies
Missouri
$15.5M +$756K +25,763 +5%
Citadel Advisors
20
Citadel Advisors
Florida
$14.8M +$11M +373,236 +358%
ClearBridge Investments
21
ClearBridge Investments
New York
$13.3M +$74.9K +2,552 +0.6%
Norges Bank
22
Norges Bank
Norway
$12.7M +$1.69M +57,713 +16%
BICM
23
Breach Inlet Capital Management
South Carolina
$12.6M +$11.9M +406,739 New
Qube Research & Technologies (QRT)
24
Qube Research & Technologies (QRT)
United Kingdom
$12M +$3.55M +121,033 +45%
LSV Asset Management
25
LSV Asset Management
Illinois
$11.7M -$349K -11,900 -3%
1
2 3 4 5

PRG Hedge Fund Activity: Q4 2023 in Review

226 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in PROG Holdings (PRG) for Q4 2023, worth a combined $1.36B — down 6% from $1.44B a quarter earlier.

Sellers outnumbered buyers: 38 funds closed out of PRG and 33 opened new positions — a net loss of 5 holders — while 93 trimmed existing stakes and 76 added.

The largest buyer was Morgan Stanley, adding an estimated $40.2M. The largest seller was T. Rowe Price Investment Management, exiting entirely with an estimated $71.6M sold.

  • 226 institutional investors held PROG Holdings (PRG) as of Q4 2023, down from 233 in Q3 2023.
  • Funds reported $1.36B of PROG Holdings stock for Q4 2023, down 6% quarter-over-quarter.
  • 33 funds opened new PROG Holdings positions in Q4 2023 and 38 closed out, a net change of -5 holders.
  • The largest PROG Holdings buyer in Q4 2023 was Morgan Stanley, an estimated $40.2M added.
  • The largest PROG Holdings seller in Q4 2023 was T. Rowe Price Investment Management, an estimated $71.6M sold.

Based on aggregated 13F filings for Q4 2023.