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Progress Software
PRGS

159 hedge funds and large institutions have $1.17B invested in Progress Software in 2014 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 42 increasing their positions, 64 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

42% more first-time investments, than exits

New positions opened: 27 | Existing positions closed: 19

9% more capital invested

Capital invested by funds: $1.08B → $1.17B (+$92.6M)

5% more funds holding

Funds holding: 151 → 159 (+8)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

21% less call options, than puts

Call options by funds: $240K | Put options by funds: $303K

34% less repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 64

Holders
159
Holders Change
+8
Holders Change %
+5.3%
% of All Funds
4.57%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
27
Increased
42
Reduced
64
Closed
19
Calls
$240K
Puts
$303K
Net Calls
-$63K
Net Calls Change
-$521K

Top Buyers

Rank Fund Capital Flow
1
FMI
Fiduciary Management Inc
Wisconsin
+$32.9M
2
Norges Bank
Norges Bank
Norway
+$11.9M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$5.53M
4
HCM
Highbridge Capital Management
New York
+$2.72M
5
TI
Trigran Investments
Illinois
+$2.72M

Top Sellers

Rank Fund Capital Flow
1
Artisan Partners
Artisan Partners
Wisconsin
-$13.7M
2
CIM
Contravisory Investment Management
Massachusetts
-$9.7M
3
BA
BlackRock Advisors
Delaware
-$8.33M
4
GIM
Granahan Investment Management
Massachusetts
-$5.61M
5
GAM
Gotham Asset Management
New York
-$5.48M
Name Holding Trade Value Shares
Change 		Change in
Stake
HCM
51
Highbridge Capital Management
New York
$3M +$2.72M +124,806 New
Public Sector Pension Investment Board (PSP Investments)
52
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$2.72M +$199K +9,124 +9%
AllianceBernstein
53
AllianceBernstein
Tennessee
$2.61M -$93.8K -4,300 -4%
CIA
54
Choate Investment Advisors
Massachusetts
$2.59M -$109K -5,000 -4%
MAA
55
Managed Account Advisors
New Jersey
$2.48M -$55.1K -2,524 -2%
OAM
56
Oxford Asset Management
United Kingdom
$2.34M +$2.12M +97,168 New
NFA
57
Nationwide Fund Advisors
Ohio
$2.31M -$17.9K -819 -0.8%
California State Teachers Retirement System (CalSTRS)
58
California State Teachers Retirement System (CalSTRS)
California
$2.25M -$8.73K -400 -0.4%
Millennium Management
59
Millennium Management
New York
$2.24M +$2.04M +93,350 New
EVM
60
Eaton Vance Management
Massachusetts
$2.16M – – –
Two Sigma Advisers
61
Two Sigma Advisers
New York
$2.13M +$47.4K +2,173 +3%
PPA
62
Parametric Portfolio Associates
Washington
$2M +$117K +5,374 +7%
RhumbLine Advisers
63
RhumbLine Advisers
Massachusetts
$1.99M +$140K +6,438 +8%
TA
64
Teachers Advisors
New York
$1.77M -$112K -5,140 -7%
Two Sigma Investments
65
Two Sigma Investments
New York
$1.74M +$1.58M +72,191 New
CS
66
Credit Suisse
Switzerland
$1.71M +$969K +44,419 +166%
State Board of Administration of Florida Retirement System
67
State Board of Administration of Florida Retirement System
Florida
$1.4M -$109K -5,006 -8%
Swiss National Bank
68
Swiss National Bank
Switzerland
$1.33M -$61.1K -2,800 -5%
BG
69
BlackRock Group
United Kingdom
$1.32M -$674K -30,900 -36%
Stifel Financial
70
Stifel Financial
Missouri
$1.25M -$70K -3,206 -6%
TPSF
71
Texas Permanent School Fund
Texas
$1.25M -$2.88K -132 -0.3%
GH
72
GAM Holding
Switzerland
$1.23M – – –
Comerica Bank
73
Comerica Bank
Texas
$1.22M -$22.3K -1,023 -2%
Deutsche Bank
74
Deutsche Bank
Germany
$1.18M +$6.55K +300 +0.6%
Brown Advisory
75
Brown Advisory
Maryland
$1.09M +$4.36K +200 +0.4%
1 2
3
4 5

PRGS Hedge Fund Activity: Q2 2014 in Review

159 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q2 2014, worth a combined $1.17B — up 8.6% from $1.08B a quarter earlier.

Buyers outnumbered sellers: 27 funds opened new PRGS positions and 19 closed out — a net gain of 8 holders — while 42 added to existing stakes and 64 trimmed.

The largest buyer was Fiduciary Management Inc, opening a new position worth an estimated $32.9M. The largest seller was Artisan Partners, cutting an estimated $13.7M.

  • 159 institutional investors held Progress Software (PRGS) as of Q2 2014, up from 151 in Q1 2014.
  • Funds reported $1.17B of Progress Software stock for Q2 2014, up 8.6% quarter-over-quarter.
  • 27 funds opened new Progress Software positions in Q2 2014 and 19 closed out, a net change of +8 holders.
  • The largest Progress Software buyer in Q2 2014 was Fiduciary Management Inc, an estimated $32.9M added.
  • The largest Progress Software seller in Q2 2014 was Artisan Partners, an estimated $13.7M sold.

Based on aggregated 13F filings for Q2 2014.