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Progress Software
PRGS

280 hedge funds and large institutions have $2.5B invested in Progress Software in 2023 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 104 increasing their positions, 103 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

6% more capital invested

Capital invested by funds: $2.36B → $2.5B (+$137M)

2.07% more ownership

Funds ownership: 103.56% → 105.63% (+2.1%)

1% more repeat investments, than reductions

Existing positions increased: 104 | Existing positions reduced: 103

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less funds holding

Funds holding: 291 → 280 (-11)

20% less first-time investments, than exits

New positions opened: 28 | Existing positions closed: 35

71% less call options, than puts

Call options by funds: $5.09M | Put options by funds: $17.4M

Holders
280
Holders Change
-11
Holders Change %
-3.78%
% of All Funds
4.08%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
28
Increased
104
Reduced
103
Closed
35
Calls
$5.09M
Puts
$17.4M
Net Calls
-$12.3M
Net Calls Change
-$8.45M

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$86.2M
2
BlackRock
BlackRock
New York
+$11.1M
3
Millennium Management
Millennium Management
New York
+$7.71M
4
State Street
State Street
Massachusetts
+$5.71M
5
Fidelity Investments
Fidelity Investments
Massachusetts
+$5.46M

Top Sellers

Rank Fund Capital Flow
1
Victory Capital Management
Victory Capital Management
Texas
-$26.4M
2
PIM
Paradice Investment Management
Colorado
-$11M
3
PI
Putnam Investments
Massachusetts
-$10.4M
4
ZCM
Ziegler Capital Management
Illinois
-$7.9M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
-$7.02M
Name Holding Trade Value Shares
Change 		Change in
Stake
AAM
301
Advisors Asset Management
Colorado
– -$213K -4,043 Closed
IFU
302
iSAM Funds (UK)
United Kingdom
– -$212K -4,024 Closed
GHA
303
GW Henssler & Associates
Georgia
– -$204K -3,880 Closed
VPIM
304
Vanguard Personalized Indexing Management
California
– -$200K -3,806 Closed
BF
305
BOK Financial
Oklahoma
– -$127K -2,476 Closed
UFF
306
USA Financial Formulas
Michigan
– -$75.4K -1,434 Closed
SSG
307
Summit Securities Group
New York
– -$50K -948 Closed
HT
308
Headlands Technologies
Illinois
– -$39.6K -754 Closed
SO
309
STRS Ohio
Ohio
– -$31K -600 Closed
AS
310
Altshuler Shaham
Israel
– -$20.3K -387 Closed
LFG
311
Larson Financial Group
Missouri
– -$7.57K -144 Closed
Group One Trading
312
Group One Trading
Illinois
– -$3.02K -57 Closed
MCM
313
Manchester Capital Management
Vermont
– -$2.26K -43 Closed
FRA
314
Front Row Advisors
California
– -$2.1K -40 Closed
RFG
315
RFP Financial Group
Georgia
– -$1.21K -23 Closed
9 10 11 12
13

PRGS Hedge Fund Activity: Q4 2023 in Review

280 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q4 2023, worth a combined $2.5B — up 5.8% from $2.36B a quarter earlier.

Sellers outnumbered buyers: 35 funds closed out of PRGS and 28 opened new positions — a net loss of 7 holders — while 103 trimmed existing stakes and 104 added.

The largest buyer was Morgan Stanley, adding an estimated $86.2M. The largest seller was Victory Capital Management, cutting an estimated $26.4M.

  • 280 institutional investors held Progress Software (PRGS) as of Q4 2023, down from 291 in Q3 2023.
  • Funds reported $2.5B of Progress Software stock for Q4 2023, up 5.8% quarter-over-quarter.
  • 28 funds opened new Progress Software positions in Q4 2023 and 35 closed out, a net change of -7 holders.
  • The largest Progress Software buyer in Q4 2023 was Morgan Stanley, an estimated $86.2M added.
  • The largest Progress Software seller in Q4 2023 was Victory Capital Management, an estimated $26.4M sold.

Based on aggregated 13F filings for Q4 2023.