Progress Software
PRGS
258 hedge funds and large institutions have $1.67B invested in Progress Software in 2018 Q1 according to their latest regulatory filings, with 66 funds opening new positions, 75 increasing their positions, 82 reducing their positions, and 19 closing their positions.
247% more first-time investments, than exits
New positions opened: 66 | Existing positions closed: 19
21% more funds holding
Funds holding: 213 → 258 (+45)
2.38% more ownership
Funds ownership: 91.51% → 93.9% (+2.4%)
9% less repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 82
10% less capital invested
Capital invested by funds: $1.86B → $1.67B (-$189M)
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
70% less call options, than puts
Call options by funds: $1.09M | Put options by funds: $3.65M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
+$33.2M |
| 2 |
LCM
Laurion Capital Management
New York
|
+$26.5M |
| 3 |
Renaissance Technologies
New York
|
+$21M |
| 4 |
Millennium Management
New York
|
+$20.2M |
| 5 |
Morgan Stanley
New York
|
+$15.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PIMC
Praesidium Investment Management Company
New York
|
-$184M |
| 2 |
JP Morgan Chase
New York
|
-$14.4M |
| 3 |
TCM
Tensile Capital Management
Larkspur,
California
|
-$10.9M |
| 4 |
RAM
RWC Asset Management
London,
United Kingdom
|
-$10.9M |
| 5 |
TA
Teachers Advisors
New York
|
-$9.02M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
STA
276
Summit Trail Advisors
New York
| – | -$4K | -87 | Closed |
|
277
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$2K | -47 | Closed |
|
PRGS Hedge Fund Activity: Q1 2018 in Review
258 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q1 2018, worth a combined $1.67B — down 10% from $1.86B a quarter earlier.
Buyers outnumbered sellers: 66 funds opened new PRGS positions and 19 closed out — a net gain of 47 holders — while 75 added to existing stakes and 82 trimmed.
The largest buyer was Acadian Asset Management, adding an estimated $33.2M. The largest seller was Praesidium Investment Management Company, exiting entirely with an estimated $184M sold.
- 258 institutional investors held Progress Software (PRGS) as of Q1 2018, up from 213 in Q4 2017.
- Funds reported $1.67B of Progress Software stock for Q1 2018, down 10% quarter-over-quarter.
- 66 funds opened new Progress Software positions in Q1 2018 and 19 closed out, a net change of +47 holders.
- The largest Progress Software buyer in Q1 2018 was Acadian Asset Management, an estimated $33.2M added.
- The largest Progress Software seller in Q1 2018 was Praesidium Investment Management Company, an estimated $184M sold.
Based on aggregated 13F filings for Q1 2018.