Progress Software
PRGS
234 hedge funds and large institutions have $1.52B invested in Progress Software in 2018 Q3 according to their latest regulatory filings, with 26 funds opening new positions, 84 increasing their positions, 93 reducing their positions, and 28 closing their positions.
2.26% more ownership
Funds ownership: 93.46% → 95.73% (+2.3%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less first-time investments, than exits
New positions opened: 26 | Existing positions closed: 28
10% less repeat investments, than reductions
Existing positions increased: 84 | Existing positions reduced: 93
2% less funds holding
Funds holding: 238 → 234 (-4)
8% less capital invested
Capital invested by funds: $1.65B → $1.52B (-$128M)
41% less call options, than puts
Call options by funds: $2.66M | Put options by funds: $4.48M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
+$22.5M |
| 2 |
JIM
Jupiter Investment Management
London,
United Kingdom
|
+$18.8M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$11.8M |
| 4 |
PIMC
Praesidium Investment Management Company
New York
|
+$11M |
| 5 |
Goldman Sachs
New York
|
+$10.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$21.9M |
| 2 |
TA
Teachers Advisors
New York
|
-$12.1M |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
-$11.2M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$6.79M |
| 5 |
Fisher Asset Management
Camas,
Washington
|
-$6.58M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
251
Teacher Retirement System of Texas
Austin,
Texas
| – | -$329K | -8,474 | Closed |
|
|
UFF
252
USA Financial Formulas
Ada,
Michigan
| – | -$306K | -7,947 | Closed |
|
|
AB
253
Amalgamated Bank
New York
| – | -$288K | -7,408 | Closed |
|
|
SSA
254
Schonfeld Strategic Advisors
New York
| – | -$256K | -6,600 | Closed |
|
|
BC
255
Brinker Capital
Berwyn,
Pennsylvania
| – | -$214K | -5,522 | Closed |
|
|
BHWM
256
Bar Harbor Wealth Management
Concord,
New Hampshire
| – | -$200K | -5,157 | Closed |
|
|
PHK
257
Point72 Hong Kong
Hong Kong
| – | -$137K | -3,526 | Closed |
|
258
Group One Trading
Chicago,
Illinois
| – | -$55.6K | -1,400 | Closed |
|
259
Envestnet Asset Management
Chicago,
Illinois
| – | -$12K | -297 | Closed |
|
|
FIA
260
FNY Investment Advisers
New York
| – | -$6K | -164 | Closed |
|
|
MPWT
261
MassMutual Private Wealth & Trust
Windsor,
Connecticut
| – | -$1.28K | -33 | Closed |
|
|
CAG
262
Csenge Advisory Group
Clearwater,
Florida
| – | +$437 | +11 | New |
|
PRGS Hedge Fund Activity: Q3 2018 in Review
234 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q3 2018, worth a combined $1.52B — down 7.8% from $1.65B a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of PRGS and 26 opened new positions — a net loss of 2 holders — while 93 trimmed existing stakes and 84 added.
The largest buyer was Acadian Asset Management, adding an estimated $22.5M. The largest seller was Millennium Management, cutting an estimated $21.9M.
- 234 institutional investors held Progress Software (PRGS) as of Q3 2018, down from 238 in Q2 2018.
- Funds reported $1.52B of Progress Software stock for Q3 2018, down 7.8% quarter-over-quarter.
- 26 funds opened new Progress Software positions in Q3 2018 and 28 closed out, a net change of -2 holders.
- The largest Progress Software buyer in Q3 2018 was Acadian Asset Management, an estimated $22.5M added.
- The largest Progress Software seller in Q3 2018 was Millennium Management, an estimated $21.9M sold.
Based on aggregated 13F filings for Q3 2018.