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Progress Software
PRGS

165 hedge funds and large institutions have $1.3B invested in Progress Software in 2015 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 56 increasing their positions, 71 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

1% more capital invested

Capital invested by funds: $1.28B → $1.3B (+$12.3M)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

3% less funds holding

Funds holding: 170 → 165 (-5)

21% less repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 71

26% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 19

Holders
165
Holders Change
-5
Holders Change %
-2.94%
% of All Funds
4.45%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
14
Increased
56
Reduced
71
Closed
19
Calls
$297K
Puts
–
Net Calls
+$297K
Net Calls Change
+$85K

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$20M
2
Neuberger Berman Group
Neuberger Berman Group
New York
+$14.2M
3
ERM
Elm Ridge Management
New York
+$10.1M
4
RFC
Russell Frank Company
Washington
+$6.13M
5
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$3.98M

Top Sellers

Rank Fund Capital Flow
1
GAM
Gotham Asset Management
New York
-$14.8M
2
AL
AJO LP
Pennsylvania
-$9.24M
3
California Public Employees Retirement System
California Public Employees Retirement System
California
-$7.89M
4
BIT
BlackRock Institutional Trust
California
-$7.85M
5
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$3.16M
Name Holding Trade Value Shares
Change 		Change in
Stake
CAM
76
ClariVest Asset Management
California
$1.56M -$2.32K -87 -0.2%
State Board of Administration of Florida Retirement System
77
State Board of Administration of Florida Retirement System
Florida
$1.53M -$184K -6,909 -11%
CS
78
Credit Suisse
Switzerland
$1.42M +$714K +26,774 +108%
PCMI
79
Paradigm Capital Management Inc
New York
$1.38M -$32.5K -1,220 -2%
Millennium Management
80
Millennium Management
New York
$1.32M -$2.39M -89,576 -65%
Teacher Retirement System of Texas
81
Teacher Retirement System of Texas
Texas
$1.28M +$1.21M +45,300 +3,309%
AQR Capital Management
82
AQR Capital Management
Connecticut
$1.28M +$642K +24,093 +107%
Two Sigma Advisers
83
Two Sigma Advisers
New York
$1.28M -$1.03M -38,600 -45%
PAM
84
Paradigm Asset Management
New York
$1.26M – – –
SIM
85
Spark Investment Management
New York
$1.19M +$472K +17,700 +69%
TPSF
86
Texas Permanent School Fund
Texas
$1.18M -$69.1K -2,592 -6%
State of Tennessee, Department of Treasury
87
State of Tennessee, Department of Treasury
Tennessee
$1.09M – – –
Los Angeles Capital Management
88
Los Angeles Capital Management
California
$1.06M -$353K -13,250 -26%
Brown Advisory
89
Brown Advisory
Maryland
$1.06M – – –
SO
90
STRS Ohio
Ohio
$1.05M -$40K -1,500 -4%
TA
91
Teton Advisors
New York
$1.05M -$109K -4,100 -10%
MLICM
92
Metropolitan Life Insurance Company (MetLife)
New York
$1.03M +$998K +37,461 New
NCCM
93
Nine Chapters Capital Management
New Jersey
$1.02M -$309K -11,600 -24%
Allianz Asset Management
94
Allianz Asset Management
Germany
$993K -$169K -6,350 -15%
AIG
95
American International Group
New York
$985K -$70.2K -2,634 -7%
NSEDCP
96
NJ State Employees Deferred Compensation Plan
New Jersey
$963K – – –
KBC Group
97
KBC Group
Belgium
$946K -$117K -4,405 -11%
VIA
98
Vident Investment Advisory
Georgia
$936K +$41.9K +1,572 +5%
BA
99
BlackRock Advisors
Delaware
$916K -$779K -29,237 -47%
VOYA Investment Management
100
VOYA Investment Management
Georgia
$874K -$36.9K -1,383 -4%
2 3
4
5 6

PRGS Hedge Fund Activity: Q2 2015 in Review

165 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q2 2015, worth a combined $1.3B — up 0.96% from $1.28B a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of PRGS and 14 opened new positions — a net loss of 5 holders — while 71 trimmed existing stakes and 56 added.

The largest buyer was Fidelity Investments, adding an estimated $20M. The largest seller was Gotham Asset Management, cutting an estimated $14.8M.

  • 165 institutional investors held Progress Software (PRGS) as of Q2 2015, down from 170 in Q1 2015.
  • Funds reported $1.3B of Progress Software stock for Q2 2015, up 0.96% quarter-over-quarter.
  • 14 funds opened new Progress Software positions in Q2 2015 and 19 closed out, a net change of -5 holders.
  • The largest Progress Software buyer in Q2 2015 was Fidelity Investments, an estimated $20M added.
  • The largest Progress Software seller in Q2 2015 was Gotham Asset Management, an estimated $14.8M sold.

Based on aggregated 13F filings for Q2 2015.