Progress Software
PRGS
303 hedge funds and large institutions have $2.48B invested in Progress Software in 2024 Q1 according to their latest regulatory filings, with 53 funds opening new positions, 96 increasing their positions, 103 reducing their positions, and 28 closing their positions.
89% more first-time investments, than exits
New positions opened: 53 | Existing positions closed: 28
8% more funds holding
Funds holding: 280 → 303 (+23)
0.42% more ownership
Funds ownership: 105.63% → 106.05% (+0.42%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1% less capital invested
Capital invested by funds: $2.5B → $2.48B (-$19.1M)
7% less repeat investments, than reductions
Existing positions increased: 96 | Existing positions reduced: 103
57% less call options, than puts
Call options by funds: $21.5M | Put options by funds: $49.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$19.4M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$17.2M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$14.9M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$14.1M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$12.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$77.2M |
| 2 |
William Blair Investment Management
Chicago,
Illinois
|
-$30M |
| 3 |
Bank of New York Mellon
New York
|
-$14.5M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
-$13.9M |
| 5 |
Millennium Management
New York
|
-$10.2M |
PRGS Hedge Fund Activity: Q1 2024 in Review
303 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q1 2024, worth a combined $2.48B — down 0.76% from $2.5B a quarter earlier.
Buyers outnumbered sellers: 53 funds opened new PRGS positions and 28 closed out — a net gain of 25 holders — while 96 added to existing stakes and 103 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $19.4M. The largest seller was Morgan Stanley, cutting an estimated $77.2M.
- 303 institutional investors held Progress Software (PRGS) as of Q1 2024, up from 280 in Q4 2023.
- Funds reported $2.48B of Progress Software stock for Q1 2024, down 0.76% quarter-over-quarter.
- 53 funds opened new Progress Software positions in Q1 2024 and 28 closed out, a net change of +25 holders.
- The largest Progress Software buyer in Q1 2024 was Fidelity Investments, an estimated $19.4M added.
- The largest Progress Software seller in Q1 2024 was Morgan Stanley, an estimated $77.2M sold.
Based on aggregated 13F filings for Q1 2024.