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Progress Software
PRGS

161 hedge funds and large institutions have $1.15B invested in Progress Software in 2014 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 62 increasing their positions, 56 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

21% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 14

11% more repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 56

1% more funds holding

Funds holding: 159 → 161 (+2)

2% less capital invested

Capital invested by funds: $1.17B → $1.15B (-$26.9M)

Holders
161
Holders Change
+2
Holders Change %
+1.26%
% of All Funds
4.67%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.12%
New
17
Increased
62
Reduced
56
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
FMI
Fiduciary Management Inc
Wisconsin
+$15.9M
2
AL
AJO LP
Pennsylvania
+$9.15M
3
BIT
BlackRock Institutional Trust
California
+$5.49M
4
VBA
Van Berkom & Associates
Quebec, Canada
+$3.7M
5
Northern Trust
Northern Trust
Illinois
+$3.23M

Top Sellers

Rank Fund Capital Flow
1
MCM
Munder Capital Management
Michigan
-$18.6M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$14.1M
3
Norges Bank
Norges Bank
Norway
-$12.8M
4
NRC
North Run Capital
Massachusetts
-$10.7M
5
Artisan Partners
Artisan Partners
Wisconsin
-$7.99M
Name Holding Trade Value Shares
Change 		Change in
Stake
PCMF
51
Private Capital Management (Florida)
Florida
$3.06M -$116K -4,947 -4%
HCM
52
Highbridge Capital Management
New York
$2.9M -$78.3K -3,336 -3%
Deutsche Bank
53
Deutsche Bank
Germany
$2.73M +$1.53M +65,197 +133%
Morgan Stanley
54
Morgan Stanley
New York
$2.66M -$1.37M -58,150 -34%
AllianceBernstein
55
AllianceBernstein
Tennessee
$2.6M – – –
CIA
56
Choate Investment Advisors
Massachusetts
$2.58M – – –
New York State Common Retirement Fund
57
New York State Common Retirement Fund
New York
$2.49M -$653K -27,800 -21%
Goldman Sachs
58
Goldman Sachs
New York
$2.43M +$1.97M +83,869 +470%
MAA
59
Managed Account Advisors
New Jersey
$2.35M -$122K -5,187 -5%
BG
60
BlackRock Group
United Kingdom
$2.33M +$991K +42,224 +77%
NFA
61
Nationwide Fund Advisors
Ohio
$2.28M -$14.4K -613 -0.6%
Public Sector Pension Investment Board (PSP Investments)
62
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$2.27M -$427K -18,200 -16%
California State Teachers Retirement System (CalSTRS)
63
California State Teachers Retirement System (CalSTRS)
California
$2.27M +$24.4K +1,038 +1%
Two Sigma Advisers
64
Two Sigma Advisers
New York
$2.27M +$148K +6,300 +7%
PPA
65
Parametric Portfolio Associates
Washington
$2.21M +$217K +9,223 +11%
EVM
66
Eaton Vance Management
Massachusetts
$2.15M – – –
RhumbLine Advisers
67
RhumbLine Advisers
Massachusetts
$1.98M +$7.04K +300 +0.4%
JP Morgan Chase
68
JP Morgan Chase
New York
$1.98M +$1.35M +57,481 +227%
Bank of America
69
Bank of America
North Carolina
$1.9M +$1.11M +47,244 +146%
Two Sigma Investments
70
Two Sigma Investments
New York
$1.76M +$37.4K +1,595 +2%
TA
71
Teachers Advisors
New York
$1.72M -$38.4K -1,637 -2%
CS
72
Credit Suisse
Switzerland
$1.66M -$43.2K -1,839 -3%
State Board of Administration of Florida Retirement System
73
State Board of Administration of Florida Retirement System
Florida
$1.54M +$146K +6,231 +11%
PNC Financial Services Group
74
PNC Financial Services Group
Pennsylvania
$1.53M +$1.49M +63,504 +17,888%
Swiss National Bank
75
Swiss National Bank
Switzerland
$1.3M -$21.1K -900 -2%
1 2
3
4 5

PRGS Hedge Fund Activity: Q3 2014 in Review

161 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q3 2014, worth a combined $1.15B — down 2.3% from $1.17B a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new PRGS positions and 14 closed out — a net gain of 3 holders — while 62 added to existing stakes and 56 trimmed.

The largest buyer was Fiduciary Management Inc, adding an estimated $15.9M. The largest seller was Munder Capital Management, cutting an estimated $18.6M.

  • 161 institutional investors held Progress Software (PRGS) as of Q3 2014, up from 159 in Q2 2014.
  • Funds reported $1.15B of Progress Software stock for Q3 2014, down 2.3% quarter-over-quarter.
  • 17 funds opened new Progress Software positions in Q3 2014 and 14 closed out, a net change of +3 holders.
  • The largest Progress Software buyer in Q3 2014 was Fiduciary Management Inc, an estimated $15.9M added.
  • The largest Progress Software seller in Q3 2014 was Munder Capital Management, an estimated $18.6M sold.

Based on aggregated 13F filings for Q3 2014.