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Progress Software
PRGS

186 hedge funds and large institutions have $1.22B invested in Progress Software in 2016 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 66 increasing their positions, 60 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 15

10% more repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 60

9% more funds holding

Funds holding: 171 → 186 (+15)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

3% less capital invested

Capital invested by funds: $1.26B → $1.22B (-$39.9M)

81% less call options, than puts

Call options by funds: $586K | Put options by funds: $3.01M

Holders
186
Holders Change
+15
Holders Change %
+8.77%
% of All Funds
4.96%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
30
Increased
66
Reduced
60
Closed
15
Calls
$586K
Puts
$3.01M
Net Calls
-$2.42M
Net Calls Change
-$2.23M

Top Buyers

Rank Fund Capital Flow
1
Neuberger Berman Group
Neuberger Berman Group
New York
+$12M
2
Goldman Sachs
Goldman Sachs
New York
+$9.25M
3
LCM
Laurion Capital Management
New York
+$7.65M
4
BFA
BlackRock Fund Advisors
California
+$5.68M
5
OAM
Oxford Asset Management
United Kingdom
+$5.64M

Top Sellers

Rank Fund Capital Flow
1
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$41M
2
PIMC
Praesidium Investment Management Company
New York
-$26.2M
3
Retirement Systems of Alabama
Retirement Systems of Alabama
Alabama
-$6.01M
4
Fidelity Investments
Fidelity Investments
Massachusetts
-$4.88M
5
WCM Investment Management
WCM Investment Management
California
-$4.88M
Name Holding Trade Value Shares
Change 		Change in
Stake
AQR Capital Management
51
AQR Capital Management
Connecticut
$3.9M -$106K -3,722 -3%
Axa
52
Axa
France
$3.52M -$134K -4,700 -4%
Millennium Management
53
Millennium Management
New York
$3.5M +$3.25M +113,584 +746%
GLA
54
Great Lakes Advisors
Illinois
$3.24M -$431K -15,065 -11%
Arrowstreet Capital
55
Arrowstreet Capital
Massachusetts
$3.14M +$3.3M +115,425 New
TAM
56
Third Avenue Management
New York
$3.07M – – –
California State Teachers Retirement System (CalSTRS)
57
California State Teachers Retirement System (CalSTRS)
California
$2.88M +$28.6K +1,000 +1%
ZIM
58
Zacks Investment Management
Illinois
$2.8M -$228K -7,970 -7%
HA
59
Heartland Advisors
Wisconsin
$2.72M +$2.86M +100,000 New
CAM
60
ClariVest Asset Management
California
$2.67M +$945K +33,041 +51%
EVM
61
Eaton Vance Management
Massachusetts
$2.45M – – –
AIM
62
Alambic Investment Management
California
$2.44M +$880K +30,780 +52%
NFA
63
Nationwide Fund Advisors
Ohio
$2.41M -$45.7K -1,600 -2%
CIA
64
Choate Investment Advisors
Massachusetts
$2.33M -$350K -12,250 -13%
RhumbLine Advisers
65
RhumbLine Advisers
Massachusetts
$2.29M +$86.8K +3,035 +4%
AllianceBernstein
66
AllianceBernstein
Tennessee
$2.17M -$45.1K -1,579 -2%
New York State Common Retirement Fund
67
New York State Common Retirement Fund
New York
$2.15M +$239K +8,342 +12%
Deutsche Bank
68
Deutsche Bank
Germany
$2.12M -$1.19M -41,770 -35%
NI
69
Numeric Investors
Massachusetts
$2.08M -$1.07M -37,300 -33%
Bessemer Group
70
Bessemer Group
New Jersey
$2.08M +$2.18M +76,300 New
Swiss National Bank
71
Swiss National Bank
Switzerland
$2.03M -$140K -4,900 -6%
BG
72
BlackRock Group
United Kingdom
$2.03M +$82.9K +2,899 +4%
UONDDL
73
University of Notre Dame du Lac
Indiana
$2.03M -$124K -4,335 -5%
TD Asset Management
74
TD Asset Management
Ontario, Canada
$2.01M +$1.58M +55,300 +299%
Comerica Bank
75
Comerica Bank
Texas
$1.82M +$434K +15,175 +30%
1 2
3
4 5

PRGS Hedge Fund Activity: Q3 2016 in Review

186 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q3 2016, worth a combined $1.22B — down 3.2% from $1.26B a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new PRGS positions and 15 closed out — a net gain of 15 holders — while 66 added to existing stakes and 60 trimmed.

The largest buyer was Neuberger Berman Group, adding an estimated $12M. The largest seller was Thrivent Financial for Lutherans, cutting an estimated $41M.

  • 186 institutional investors held Progress Software (PRGS) as of Q3 2016, up from 171 in Q2 2016.
  • Funds reported $1.22B of Progress Software stock for Q3 2016, down 3.2% quarter-over-quarter.
  • 30 funds opened new Progress Software positions in Q3 2016 and 15 closed out, a net change of +15 holders.
  • The largest Progress Software buyer in Q3 2016 was Neuberger Berman Group, an estimated $12M added.
  • The largest Progress Software seller in Q3 2016 was Thrivent Financial for Lutherans, an estimated $41M sold.

Based on aggregated 13F filings for Q3 2016.