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Progress Software

186 hedge funds and large institutions have $1.22B invested in Progress Software in 2016 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 66 increasing their positions, 60 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 15

10% more repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 60

9% more funds holding

Funds holding: 171186 (+15)

0% more funds holding in top 10

Funds holding in top 10: 33 (0)

3% less capital invested

Capital invested by funds: $1.26B → $1.22B (-$39.9M)

81% less call options, than puts

Call options by funds: $586K | Put options by funds: $3.01M

Holders
186
Holders Change
+15
Holders Change %
+8.77%
% of All Funds
4.96%
Holding in Top 10
3
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.08%
New
30
Increased
66
Reduced
60
Closed
15
Calls
$586K
Puts
$3.01M
Net Calls
-$2.42M
Net Calls Change
-$2.23M
Name Holding Trade Value Shares
Change
Change in
Stake
Principal Financial Group
26
Principal Financial Group
Iowa
$9.91M +$268K +9,383 +3%
PFC
27
Phocas Financial Corp
California
$9.74M +$624K +21,842 +6%
IAM
28
Impax Asset Management
New Hampshire
$9.71M
D.E. Shaw & Co
29
D.E. Shaw & Co
New York
$9.47M -$3.19M -111,398 -24%
Invesco
30
Invesco
Georgia
$9.31M +$3.47M +121,540 +55%
GIM
31
Granahan Investment Management
Massachusetts
$8.95M -$286K -10,000 -3%
LCM
32
Laurion Capital Management
New York
$7.28M +$7.65M +267,700 New
PPA
33
Parametric Portfolio Associates
Washington
$7.04M -$657K -22,969 -8%
OAM
34
Oxford Asset Management
United Kingdom
$6.85M +$5.64M +197,315 +363%
Prudential Financial
35
Prudential Financial
New Jersey
$6.69M -$1.01M -35,380 -13%
Ameriprise
36
Ameriprise
Minnesota
$6.64M -$78.6K -2,748 -1%
BIM
37
BlackRock Investment Management
Delaware
$6.17M +$35K +1,225 +0.5%
MAM
38
Martingale Asset Management
Massachusetts
$6.06M +$3.8M +132,801 +148%
NAM
39
Netols Asset Management
Wisconsin
$6M -$135K -4,708 -2%
QI
40
QS Investors
New York
$5.56M
Thrivent Financial for Lutherans
41
Thrivent Financial for Lutherans
Minnesota
$5.52M -$41M -1,434,540 -88%
Retirement Systems of Alabama
42
Retirement Systems of Alabama
Alabama
$5.43M -$6.01M -210,227 -51%
WCM Investment Management
43
WCM Investment Management
California
$5.17M -$4.88M -170,552 -47%
Acadian Asset Management
44
Acadian Asset Management
Massachusetts
$4.99M +$5.24M +183,266 New
EA
45
Emerald Acquisition
Washington
$4.33M -$2.24M -78,351 -33%
Bank of America
46
Bank of America
North Carolina
$4.09M +$1.03M +36,004 +32%
New York State Teachers Retirement System (NYSTRS)
47
New York State Teachers Retirement System (NYSTRS)
New York
$4.08M
Morgan Stanley
48
Morgan Stanley
New York
$4.05M +$3.78M +132,174 +791%
Renaissance Technologies
49
Renaissance Technologies
New York
$4.01M -$3.17M -110,800 -43%
KIM
50
Kestrel Investment Management
California
$3.94M -$383K -13,400 -8%

PRGS Hedge Fund Activity: Q3 2016 in Review

186 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q3 2016, worth a combined $1.22B — down 3.2% from $1.26B a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new PRGS positions and 15 closed out — a net gain of 15 holders — while 66 added to existing stakes and 60 trimmed.

The largest buyer was Neuberger Berman Group, adding an estimated $12M. The largest seller was Thrivent Financial for Lutherans, cutting an estimated $41M.

  • 186 institutional investors held Progress Software (PRGS) as of Q3 2016, up from 171 in Q2 2016.
  • Funds reported $1.22B of Progress Software stock for Q3 2016, down 3.2% quarter-over-quarter.
  • 30 funds opened new Progress Software positions in Q3 2016 and 15 closed out, a net change of +15 holders.
  • The largest Progress Software buyer in Q3 2016 was Neuberger Berman Group, an estimated $12M added.
  • The largest Progress Software seller in Q3 2016 was Thrivent Financial for Lutherans, an estimated $41M sold.

Based on aggregated 13F filings for Q3 2016.