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Progress Software
PRGS

178 hedge funds and large institutions have $1.29B invested in Progress Software in 2014 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 64 increasing their positions, 50 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

175% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 12

28% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 50

13% more capital invested

Capital invested by funds: $1.15B → $1.29B (+$144M)

11% more funds holding

Funds holding: 161 → 178 (+17)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
178
Holders Change
+17
Holders Change %
+10.56%
% of All Funds
4.75%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.08%
New
33
Increased
64
Reduced
50
Closed
12
Calls
$200K
Puts
–
Net Calls
+$200K
Net Calls Change
+$200K

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$15.5M
2
NI
Numeric Investors
Massachusetts
+$14.5M
3
TA
Teachers Advisors
New York
+$13.1M
4
WCM Investment Management
WCM Investment Management
California
+$12.8M
5
BIT
BlackRock Institutional Trust
California
+$11.5M

Top Sellers

1
Artisan Partners
Artisan Partners
Wisconsin
-$35.7M
2
TAM
Third Avenue Management
New York
-$31.1M
3
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$30.3M
4
Ameriprise
Ameriprise
Minnesota
-$15.6M
5
SAM
Sentinel Asset Management
Vermont
-$14M
Name Holding Trade Value Shares
Change 		Change in
Stake
CIP
26
Chartwell Investment Partners
Pennsylvania
$12M -$93.4K -3,600 -0.8%
Goldman Sachs
27
Goldman Sachs
New York
$11.9M +$8.82M +339,782 +334%
Prudential Financial
28
Prudential Financial
New Jersey
$11.9M +$2.06M +79,500 +22%
Acadian Asset Management
29
Acadian Asset Management
Massachusetts
$10.7M +$9.87M +380,402 +2,268%
Wells Fargo
30
Wells Fargo
California
$10.7M -$884K -34,051 -8%
Geode Capital Management
31
Geode Capital Management
Massachusetts
$10.4M +$2.1M +81,021 +27%
GIM
32
Granahan Investment Management
Massachusetts
$9.59M – – –
California Public Employees Retirement System
33
California Public Employees Retirement System
California
$9.15M +$913K +35,180 +11%
JP Morgan Chase
34
JP Morgan Chase
New York
$9.1M +$6.59M +253,943 +307%
NAM
35
Netols Asset Management
Wisconsin
$8.85M -$892K -34,365 -9%
D.E. Shaw & Co
36
D.E. Shaw & Co
New York
$8.74M +$4.12M +158,744 +96%
Charles Schwab
37
Charles Schwab
California
$8.47M +$2.91M +112,175 +56%
Principal Financial Group
38
Principal Financial Group
Iowa
$8.44M -$90.6K -3,491 -1%
Arrowstreet Capital
39
Arrowstreet Capital
Massachusetts
$8.44M +$7.65M +294,635 +1,678%
Invesco
40
Invesco
Georgia
$7.98M +$1.89M +72,785 +33%
QI
41
QS Investors
New York
$6.98M +$6.7M +258,255 New
PFC
42
Phocas Financial Corp
California
$6.65M -$247K -9,511 -4%
IIM
43
Ironwood Investment Management
Massachusetts
$6.26M -$1.89M -72,728 -24%
Millennium Management
44
Millennium Management
New York
$5.92M +$969K +37,324 +21%
TCIM
45
TIAA CREF Investment Management
New York
$5.86M -$277K -10,688 -5%
OAM
46
Oxford Asset Management
United Kingdom
$5.76M +$184K +7,070 +3%
Two Sigma Investments
47
Two Sigma Investments
New York
$5.46M +$3.33M +128,251 +174%
Jacobs Levy Equity Management
48
Jacobs Levy Equity Management
New Jersey
$5.27M +$5.06M +194,895 New
NFA
49
Nationwide Fund Advisors
Ohio
$5.2M +$2.51M +96,800 +101%
Deutsche Bank
50
Deutsche Bank
Germany
$5.11M +$1.95M +75,224 +66%
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3 4 5

PRGS Hedge Fund Activity: Q4 2014 in Review

178 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q4 2014, worth a combined $1.29B — up 13% from $1.15B a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new PRGS positions and 12 closed out — a net gain of 21 holders — while 64 added to existing stakes and 50 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $15.5M. The largest seller was Artisan Partners, exiting entirely with an estimated $35.7M sold.

  • 178 institutional investors held Progress Software (PRGS) as of Q4 2014, up from 161 in Q3 2014.
  • Funds reported $1.29B of Progress Software stock for Q4 2014, up 13% quarter-over-quarter.
  • 33 funds opened new Progress Software positions in Q4 2014 and 12 closed out, a net change of +21 holders.
  • The largest Progress Software buyer in Q4 2014 was Fidelity Investments, an estimated $15.5M added.
  • The largest Progress Software seller in Q4 2014 was Artisan Partners, an estimated $35.7M sold.

Based on aggregated 13F filings for Q4 2014.