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Progress Software

155 hedge funds and large institutions have $1.29B invested in Progress Software in 2013 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 58 increasing their positions, 61 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

8% more capital invested

Capital invested by funds: $1.19B → $1.29B (+$99.3M)

5% less repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 61

6% less funds holding

Funds holding: 165155 (-10)

33% less funds holding in top 10

Funds holding in top 10: 32 (-1)

45% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 20

Holders
155
Holders Change
-10
Holders Change %
-6.06%
% of All Funds
5.03%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.06%
New
11
Increased
58
Reduced
61
Closed
20
Calls
$220K
Puts
Net Calls
+$220K
Net Calls Change
-$23K
Name Holding Trade Value Shares
Change
Change in
Stake
BNP Paribas Asset Management
51
BNP Paribas Asset Management
France
$3.83M -$332K -13,236 -8%
Two Sigma Investments
52
Two Sigma Investments
New York
$3.78M +$1.15M +45,847 +46%
MAA
53
Managed Account Advisors
New Jersey
$3.72M +$242K +9,632 +7%
PCMF
54
Private Capital Management (Florida)
Florida
$3.53M -$127K -5,065 -4%
RBLCM
55
Roaring Blue Lion Capital Management
Texas
$3.45M -$734K -29,250 -18%
New York State Common Retirement Fund
56
New York State Common Retirement Fund
New York
$3.41M
Public Sector Pension Investment Board (PSP Investments)
57
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$3.37M +$653K +26,000 +25%
AllianceBernstein
58
AllianceBernstein
Tennessee
$3.24M -$113K -4,500 -3%
BG
59
BlackRock Group
United Kingdom
$3.1M +$1.21M +48,264 +68%
CIA
60
Choate Investment Advisors
Massachusetts
$2.91M
Invesco
61
Invesco
Georgia
$2.89M +$348K +13,847 +14%
NFA
62
Nationwide Fund Advisors
Ohio
$2.57M +$1.3M +51,622 +108%
California State Teachers Retirement System (CalSTRS)
63
California State Teachers Retirement System (CalSTRS)
California
$2.56M +$76.1K +3,033 +3%
Deutsche Bank
64
Deutsche Bank
Germany
$2.55M +$638K +25,405 +35%
EVM
65
Eaton Vance Management
Massachusetts
$2.33M
RhumbLine Advisers
66
RhumbLine Advisers
Massachusetts
$2.17M -$49.3K -1,963 -2%
ECM
67
EII Capital Management
New York
$2.17M -$535K -21,335 -20%
Susquehanna International Group
68
Susquehanna International Group
Pennsylvania
$2.1M -$680K -27,112 -25%
Capital Fund Management (CFM)
69
Capital Fund Management (CFM)
France
$2.01M +$1.35M +53,938 +229%
TA
70
Teachers Advisors
New York
$2M +$74.7K +2,978 +4%
TAM
71
THB Asset Management
Connecticut
$1.92M -$198K -7,870 -10%
EAM
72
Eagle Asset Management
Florida
$1.9M -$1.65M -65,772 -47%
CS
73
Credit Suisse
Switzerland
$1.74M +$538K +21,423 +47%
Goldman Sachs
74
Goldman Sachs
New York
$1.7M -$7.35M -292,678 -82%
Bank of America
75
Bank of America
North Carolina
$1.66M -$24.4K -974 -1%

PRGS Hedge Fund Activity: Q3 2013 in Review

155 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q3 2013, worth a combined $1.29B — up 8.3% from $1.19B a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of PRGS and 11 opened new positions — a net loss of 9 holders — while 61 trimmed existing stakes and 58 added.

The largest buyer was BlackRock Advisors, adding an estimated $9.74M. The largest seller was Starboard Value, cutting an estimated $46.7M.

  • 155 institutional investors held Progress Software (PRGS) as of Q3 2013, down from 165 in Q2 2013.
  • Funds reported $1.29B of Progress Software stock for Q3 2013, up 8.3% quarter-over-quarter.
  • 11 funds opened new Progress Software positions in Q3 2013 and 20 closed out, a net change of -9 holders.
  • The largest Progress Software buyer in Q3 2013 was BlackRock Advisors, an estimated $9.74M added.
  • The largest Progress Software seller in Q3 2013 was Starboard Value, an estimated $46.7M sold.

Based on aggregated 13F filings for Q3 2013.