Progress Software
PRGS
226 hedge funds and large institutions have $2.06B invested in Progress Software in 2021 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 86 increasing their positions, 75 reducing their positions, and 21 closing their positions.
33% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 21
15% more repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 75
13% more capital invested
Capital invested by funds: $1.82B → $2.06B (+$234M)
7.51% more ownership
Funds ownership: 93.58% → 101.09% (+7.5%)
3% more funds holding
Funds holding: 220 → 226 (+6)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
34% less call options, than puts
Call options by funds: $2.43M | Put options by funds: $3.69M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JG
Jefferies Group
New York
|
+$37.2M |
| 2 |
SOMRS
State of Michigan Retirement System
Lansing,
Michigan
|
+$26.4M |
| 3 |
MMA
Mizuho Markets Americas
New York
|
+$17.5M |
| 4 |
N
Natixis
Paris,
France
|
+$16.3M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$14.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$12.7M |
| 2 |
BlackRock
New York
|
-$12.2M |
| 3 |
BTW
Boston Trust Walden
Boston,
Massachusetts
|
-$6.86M |
| 4 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
-$5.2M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
-$4.93M |
PRGS Hedge Fund Activity: Q2 2021 in Review
226 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q2 2021, worth a combined $2.06B — up 13% from $1.82B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new PRGS positions and 21 closed out — a net gain of 7 holders — while 86 added to existing stakes and 75 trimmed.
The largest buyer was Jefferies Group, opening a new position worth an estimated $37.2M. The largest seller was Renaissance Technologies, cutting an estimated $12.7M.
- 226 institutional investors held Progress Software (PRGS) as of Q2 2021, up from 220 in Q1 2021.
- Funds reported $2.06B of Progress Software stock for Q2 2021, up 13% quarter-over-quarter.
- 28 funds opened new Progress Software positions in Q2 2021 and 21 closed out, a net change of +7 holders.
- The largest Progress Software buyer in Q2 2021 was Jefferies Group, an estimated $37.2M added.
- The largest Progress Software seller in Q2 2021 was Renaissance Technologies, an estimated $12.7M sold.
Based on aggregated 13F filings for Q2 2021.