Progress Software
PRGS
161 hedge funds and large institutions have $1.15B invested in Progress Software in 2014 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 62 increasing their positions, 56 reducing their positions, and 14 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
21% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 14
11% more repeat investments, than reductions
Existing positions increased: 62 | Existing positions reduced: 56
1% more funds holding
Funds holding: 159 → 161 (+2)
2% less capital invested
Capital invested by funds: $1.17B → $1.15B (-$26.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
+$15.9M |
| 2 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
+$9.15M |
| 3 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$5.49M |
| 4 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
+$3.7M |
| 5 |
Northern Trust
Chicago,
Illinois
|
+$3.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MCM
Munder Capital Management
Birmingham,
Michigan
|
-$18.6M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$14.1M |
| 3 |
Norges Bank
Oslo,
Norway
|
-$12.8M |
| 4 |
NRC
North Run Capital
Boston,
Massachusetts
|
-$10.7M |
| 5 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$7.99M |
PRGS Hedge Fund Activity: Q3 2014 in Review
161 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q3 2014, worth a combined $1.15B — down 2.3% from $1.17B a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new PRGS positions and 14 closed out — a net gain of 3 holders — while 62 added to existing stakes and 56 trimmed.
The largest buyer was Fiduciary Management Inc, adding an estimated $15.9M. The largest seller was Munder Capital Management, cutting an estimated $18.6M.
- 161 institutional investors held Progress Software (PRGS) as of Q3 2014, up from 159 in Q2 2014.
- Funds reported $1.15B of Progress Software stock for Q3 2014, down 2.3% quarter-over-quarter.
- 17 funds opened new Progress Software positions in Q3 2014 and 14 closed out, a net change of +3 holders.
- The largest Progress Software buyer in Q3 2014 was Fiduciary Management Inc, an estimated $15.9M added.
- The largest Progress Software seller in Q3 2014 was Munder Capital Management, an estimated $18.6M sold.
Based on aggregated 13F filings for Q3 2014.