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Progress Software
PRGS

151 hedge funds and large institutions have $1.08B invested in Progress Software in 2014 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 42 increasing their positions, 64 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

4% less funds holding

Funds holding: 157 → 151 (-6)

14% less capital invested

Capital invested by funds: $1.26B → $1.08B (-$175M)

25% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 20

34% less repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 64

Holders
151
Holders Change
-6
Holders Change %
-3.82%
% of All Funds
4.36%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
15
Increased
42
Reduced
64
Closed
20
Calls
$458K
Puts
–
Net Calls
+$458K
Net Calls Change
+$458K

Top Buyers

Rank Fund Capital Flow
1
NRC
North Run Capital
Massachusetts
+$15.6M
2
PIMC
Praesidium Investment Management Company
New York
+$11.4M
3
GAM
Gotham Asset Management
New York
+$8.87M
4
TI
Trigran Investments
Illinois
+$7.05M
5
Fidelity Investments
Fidelity Investments
Massachusetts
+$6.83M

Top Sellers

Rank Fund Capital Flow
1
BIT
BlackRock Institutional Trust
California
-$10.3M
2
Artisan Partners
Artisan Partners
Wisconsin
-$8.16M
3
OAM
Oxford Asset Management
United Kingdom
-$6M
4
FIM
Foresters Investment Management
New York
-$4.3M
5
Two Sigma Investments
Two Sigma Investments
New York
-$3.69M
Name Holding Trade Value Shares
Change 		Change in
Stake
AllianceBernstein
51
AllianceBernstein
Tennessee
$2.46M -$292K -12,200 -10%
CIA
52
Choate Investment Advisors
Massachusetts
$2.46M – – –
Morgan Stanley
53
Morgan Stanley
New York
$2.4M +$325K +13,573 +14%
MAA
54
Managed Account Advisors
New Jersey
$2.31M -$1.15M -47,926 -31%
Citadel Advisors
55
Citadel Advisors
Florida
$2.29M +$1.52M +63,456 +153%
Public Sector Pension Investment Board (PSP Investments)
56
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$2.27M -$532K -22,200 -18%
Fidelity International
57
Fidelity International
Bermuda
$2.23M +$2.45M +102,500 New
FIM
58
Foresters Investment Management
New York
$2.13M -$4.3M -179,350 -65%
NFA
59
Nationwide Fund Advisors
Ohio
$2.11M +$16.1K +673 +0.7%
California State Teachers Retirement System (CalSTRS)
60
California State Teachers Retirement System (CalSTRS)
California
$2.05M +$4.79K +200 +0.2%
JP Morgan Chase
61
JP Morgan Chase
New York
$1.97M +$201K +8,390 +10%
EVM
62
Eaton Vance Management
Massachusetts
$1.96M – – –
Two Sigma Advisers
63
Two Sigma Advisers
New York
$1.88M -$1.35M -56,173 -39%
BG
64
BlackRock Group
United Kingdom
$1.87M -$110K -4,576 -5%
TA
65
Teachers Advisors
New York
$1.71M +$40.2K +1,680 +2%
PPA
66
Parametric Portfolio Associates
Washington
$1.7M -$119K -4,983 -6%
RhumbLine Advisers
67
RhumbLine Advisers
Massachusetts
$1.66M -$65.4K -2,730 -3%
EAM
68
Eagle Asset Management
Florida
$1.58M -$5.44K -227 -0.3%
State Board of Administration of Florida Retirement System
69
State Board of Administration of Florida Retirement System
Florida
$1.38M +$120K +5,006 +9%
Swiss National Bank
70
Swiss National Bank
Switzerland
$1.27M +$256K +10,700 +23%
TC
71
TFS Capital
Pennsylvania
$1.26M +$1.39M +58,036 New
ProShare Advisors
72
ProShare Advisors
Maryland
$1.21M +$1.33M +55,601 New
Bank of America
73
Bank of America
North Carolina
$1.21M -$910K -37,999 -41%
Stifel Financial
74
Stifel Financial
Missouri
$1.2M +$1.32M +55,106 New
TPSF
75
Texas Permanent School Fund
Texas
$1.14M -$61.4K -2,562 -5%
1 2
3
4 5

PRGS Hedge Fund Activity: Q1 2014 in Review

151 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q1 2014, worth a combined $1.08B — down 14% from $1.26B a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of PRGS and 15 opened new positions — a net loss of 5 holders — while 64 trimmed existing stakes and 42 added.

The largest buyer was North Run Capital, opening a new position worth an estimated $15.6M. The largest seller was BlackRock Institutional Trust, cutting an estimated $10.3M.

  • 151 institutional investors held Progress Software (PRGS) as of Q1 2014, down from 157 in Q4 2013.
  • Funds reported $1.08B of Progress Software stock for Q1 2014, down 14% quarter-over-quarter.
  • 15 funds opened new Progress Software positions in Q1 2014 and 20 closed out, a net change of -5 holders.
  • The largest Progress Software buyer in Q1 2014 was North Run Capital, an estimated $15.6M added.
  • The largest Progress Software seller in Q1 2014 was BlackRock Institutional Trust, an estimated $10.3M sold.

Based on aggregated 13F filings for Q1 2014.