Progress Software
PRGS
285 hedge funds and large institutions have $2.67B invested in Progress Software in 2023 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 101 increasing their positions, 106 reducing their positions, and 23 closing their positions.
43% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 23
22% more capital invested
Capital invested by funds: $2.18B → $2.67B (+$489M)
4.07% more ownership
Funds ownership: 103.64% → 107.71% (+4.1%)
3% more funds holding
Funds holding: 276 → 285 (+9)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
5% less repeat investments, than reductions
Existing positions increased: 101 | Existing positions reduced: 106
94% less call options, than puts
Call options by funds: $97K | Put options by funds: $1.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$47.3M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
+$43.4M |
| 3 |
MMC
Mizuho Markets Cayman
Grand Cayman,
Cayman Islands
|
+$23.2M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$18.2M |
| 5 |
Envestnet Asset Management
Chicago,
Illinois
|
+$12.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
N
Natixis
Paris,
France
|
-$23.9M |
| 2 |
BlackRock
New York
|
-$19.3M |
| 3 |
SCP
Seizert Capital Partners
Birmingham,
Michigan
|
-$16.5M |
| 4 |
VLKIM
Van Lanschot Kempen Investment Management
Amsterdam,
Netherlands
|
-$10.5M |
| 5 |
William Blair Investment Management
Chicago,
Illinois
|
-$8.08M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CM
301
Cornerstone Management
Duluth,
Georgia
| – | -$25.2K | -500 | Closed |
|
|
MCC
302
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$18.1K | -359 | Closed |
|
|
OWA
303
One Wealth Advisors
San Francisco,
California
| – | -$13.1K | -260 | Closed |
|
304
Rockefeller Capital Management
New York
| – | -$11K | -229 | Closed |
|
|
CS
305
Comerica Securities
Detroit,
Michigan
| – | -$5.5K | -109 | Closed |
|
|
ACM
306
AUA Capital Management
Camp Hill,
Pennsylvania
| – | -$3.08K | -61 | Closed |
|
|
IA
307
IFP Advisors
Tampa,
Florida
| – | -$14K | -11 | Closed |
|
|
ASN
308
Advisory Services Network
Atlanta,
Georgia
| – | -$50 | -1 | Closed |
|
PRGS Hedge Fund Activity: Q1 2023 in Review
285 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q1 2023, worth a combined $2.67B — up 22% from $2.18B a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new PRGS positions and 23 closed out — a net gain of 10 holders — while 101 added to existing stakes and 106 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $47.3M. The largest seller was Natixis, cutting an estimated $23.9M.
- 285 institutional investors held Progress Software (PRGS) as of Q1 2023, up from 276 in Q4 2022.
- Funds reported $2.67B of Progress Software stock for Q1 2023, up 22% quarter-over-quarter.
- 33 funds opened new Progress Software positions in Q1 2023 and 23 closed out, a net change of +10 holders.
- The largest Progress Software buyer in Q1 2023 was Morgan Stanley, an estimated $47.3M added.
- The largest Progress Software seller in Q1 2023 was Natixis, an estimated $23.9M sold.
Based on aggregated 13F filings for Q1 2023.