Progress Software

PRGS

Market cap $1.66B

PRGS Hedge Fund Activity: Q1 2026 in Review

292 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q1 2026, worth a combined $1.14B — down 42% from $1.97B a quarter earlier.

Sellers outnumbered buyers: 64 funds closed out of PRGS and 55 opened new positions — a net loss of 9 holders — while 104 trimmed existing stakes and 97 added.

The largest buyer was Victory Capital Management, adding an estimated $35.5M. The largest seller was Wellington Management Group, exiting entirely with an estimated $59.9M sold.

• 292 institutional investors held Progress Software (PRGS) as of Q1 2026, down from 309 in Q4 2025.
• Funds reported $1.14B of Progress Software stock for Q1 2026, down 42% quarter-over-quarter.
• 55 funds opened new Progress Software positions in Q1 2026 and 64 closed out, a net change of -9 holders.
• The largest Progress Software buyer in Q1 2026 was Victory Capital Management, an estimated $35.5M added.
• The largest Progress Software seller in Q1 2026 was Wellington Management Group, an estimated $59.9M sold.

Based on aggregated 13F filings for Q1 2026.