Progress Software
PRGS
151 hedge funds and large institutions have $1.08B invested in Progress Software in 2014 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 42 increasing their positions, 64 reducing their positions, and 20 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4% less funds holding
Funds holding: 157 → 151 (-6)
14% less capital invested
Capital invested by funds: $1.26B → $1.08B (-$175M)
25% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 20
34% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 64
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NRC
North Run Capital
Boston,
Massachusetts
|
+$15.6M |
| 2 |
PIMC
Praesidium Investment Management Company
New York
|
+$11.4M |
| 3 |
GAM
Gotham Asset Management
New York
|
+$8.87M |
| 4 |
TI
Trigran Investments
Northbrook,
Illinois
|
+$7.05M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$6.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$10.3M |
| 2 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$8.16M |
| 3 |
OAM
Oxford Asset Management
Oxford,
United Kingdom
|
-$6M |
| 4 |
FIM
Foresters Investment Management
New York
|
-$4.3M |
| 5 |
Two Sigma Investments
New York
|
-$3.69M |
PRGS Hedge Fund Activity: Q1 2014 in Review
151 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q1 2014, worth a combined $1.08B — down 14% from $1.26B a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of PRGS and 15 opened new positions — a net loss of 5 holders — while 64 trimmed existing stakes and 42 added.
The largest buyer was North Run Capital, opening a new position worth an estimated $15.6M. The largest seller was BlackRock Institutional Trust, cutting an estimated $10.3M.
- 151 institutional investors held Progress Software (PRGS) as of Q1 2014, down from 157 in Q4 2013.
- Funds reported $1.08B of Progress Software stock for Q1 2014, down 14% quarter-over-quarter.
- 15 funds opened new Progress Software positions in Q1 2014 and 20 closed out, a net change of -5 holders.
- The largest Progress Software buyer in Q1 2014 was North Run Capital, an estimated $15.6M added.
- The largest Progress Software seller in Q1 2014 was BlackRock Institutional Trust, an estimated $10.3M sold.
Based on aggregated 13F filings for Q1 2014.