Progress Software
PRGS
258 hedge funds and large institutions have $2.02B invested in Progress Software in 2022 Q2 according to their latest regulatory filings, with 40 funds opening new positions, 91 increasing their positions, 88 reducing their positions, and 25 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
60% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 25
3% more funds holding
Funds holding: 250 → 258 (+8)
3% more ownership
Funds ownership: 99.11% → 102.11% (+3%)
3% more repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 88
2% less capital invested
Capital invested by funds: $2.06B → $2.02B (-$45.1M)
86% less call options, than puts
Call options by funds: $471K | Put options by funds: $3.25M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$30.6M |
| 2 |
SCP
Seizert Capital Partners
Birmingham,
Michigan
|
+$25.7M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$16.5M |
| 4 |
Morgan Stanley
New York
|
+$9.33M |
| 5 |
BTW
Boston Trust Walden
Boston,
Massachusetts
|
+$8.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$32.6M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$8.18M |
| 3 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$6.44M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$5.9M |
| 5 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
-$4.91M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GAM
276
Gemmer Asset Management
Walnut Creek,
California
| – | -$12K | -271 | Closed |
|
|
ACM
277
Aquatic Capital Management
Chicago,
Illinois
| – | -$5K | -100 | Closed |
|
278
National Bank of Canada
Montreal,
Quebec, Canada
| – | -$2K | -46 | Closed |
|
|
CI
279
Cordant Inc
Portland,
Oregon
| – | -$1K | -13 | Closed |
|
|
DI
280
Disciplined Investments
Tulsa,
Oklahoma
| – | +$143 | +3 | +50% |
|
|
PTC
281
Private Trust Company
Cleveland,
Ohio
| – | +$333 | +7 | New |
|
|
SFG
282
Steward Financial Group
Colleyville,
Texas
| – | +$809 | +17 | New |
|
PRGS Hedge Fund Activity: Q2 2022 in Review
258 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q2 2022, worth a combined $2.02B — down 2.2% from $2.06B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new PRGS positions and 25 closed out — a net gain of 15 holders — while 91 added to existing stakes and 88 trimmed.
The largest buyer was Victory Capital Management, adding an estimated $30.6M. The largest seller was BlackRock, cutting an estimated $32.6M.
- 258 institutional investors held Progress Software (PRGS) as of Q2 2022, up from 250 in Q1 2022.
- Funds reported $2.02B of Progress Software stock for Q2 2022, down 2.2% quarter-over-quarter.
- 40 funds opened new Progress Software positions in Q2 2022 and 25 closed out, a net change of +15 holders.
- The largest Progress Software buyer in Q2 2022 was Victory Capital Management, an estimated $30.6M added.
- The largest Progress Software seller in Q2 2022 was BlackRock, an estimated $32.6M sold.
Based on aggregated 13F filings for Q2 2022.