Progress Software
PRGS
280 hedge funds and large institutions have $2.5B invested in Progress Software in 2023 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 104 increasing their positions, 103 reducing their positions, and 35 closing their positions.
6% more capital invested
Capital invested by funds: $2.36B → $2.5B (+$137M)
2.07% more ownership
Funds ownership: 103.56% → 105.63% (+2.1%)
1% more repeat investments, than reductions
Existing positions increased: 104 | Existing positions reduced: 103
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less funds holding
Funds holding: 291 → 280 (-11)
20% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 35
71% less call options, than puts
Call options by funds: $5.09M | Put options by funds: $17.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$86.2M |
| 2 |
BlackRock
New York
|
+$11.1M |
| 3 |
Millennium Management
New York
|
+$7.71M |
| 4 |
State Street
Boston,
Massachusetts
|
+$5.71M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$5.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$26.4M |
| 2 |
PIM
Paradice Investment Management
Denver,
Colorado
|
-$11M |
| 3 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$10.4M |
| 4 |
ZCM
Ziegler Capital Management
Chicago,
Illinois
|
-$7.9M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$7.02M |
PRGS Hedge Fund Activity: Q4 2023 in Review
280 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q4 2023, worth a combined $2.5B — up 5.8% from $2.36B a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of PRGS and 28 opened new positions — a net loss of 7 holders — while 103 trimmed existing stakes and 104 added.
The largest buyer was Morgan Stanley, adding an estimated $86.2M. The largest seller was Victory Capital Management, cutting an estimated $26.4M.
- 280 institutional investors held Progress Software (PRGS) as of Q4 2023, down from 291 in Q3 2023.
- Funds reported $2.5B of Progress Software stock for Q4 2023, up 5.8% quarter-over-quarter.
- 28 funds opened new Progress Software positions in Q4 2023 and 35 closed out, a net change of -7 holders.
- The largest Progress Software buyer in Q4 2023 was Morgan Stanley, an estimated $86.2M added.
- The largest Progress Software seller in Q4 2023 was Victory Capital Management, an estimated $26.4M sold.
Based on aggregated 13F filings for Q4 2023.