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Progress Software
PRGS

169 hedge funds and large institutions have $1.22B invested in Progress Software in 2015 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 59 increasing their positions, 65 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 14

2% more funds holding

Funds holding: 165 → 169 (+4)

0% more funds holding in top 10

Funds holding in top 10: 3 → 3 (0)

9% less repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 65

6% less capital invested

Capital invested by funds: $1.3B → $1.22B (-$72.4M)

Holders
169
Holders Change
+4
Holders Change %
+2.42%
% of All Funds
4.72%
Holding in Top 10
3
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.08%
New
19
Increased
59
Reduced
65
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Neuberger Berman Group
Neuberger Berman Group
New York
+$17.7M
2
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
+$16.7M
3
JP Morgan Chase
JP Morgan Chase
New York
+$5.77M
4
Morgan Stanley
Morgan Stanley
New York
+$3.48M
5
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
+$2.94M

Top Sellers

Rank Fund Capital Flow
1
VBA
Van Berkom & Associates
Quebec, Canada
-$10.2M
2
Fidelity Investments
Fidelity Investments
Massachusetts
-$7.26M
3
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$6.15M
4
RFC
Russell Frank Company
Washington
-$5.13M
5
Charles Schwab
Charles Schwab
California
-$4.64M
Name Holding Trade Value Shares
Change 		Change in
Stake
GCP
76
GSA Capital Partners
United Kingdom
$1.43M -$48K -1,695 -3%
CAM
77
ClariVest Asset Management
California
$1.43M -$34K -1,200 -2%
Public Sector Pension Investment Board (PSP Investments)
78
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.42M -$657K -23,200 -30%
California Public Employees Retirement System
79
California Public Employees Retirement System
California
$1.4M -$190K -6,700 -11%
Comerica Bank
80
Comerica Bank
Texas
$1.31M -$1.46M -51,538 -50%
PCMI
81
Paradigm Capital Management Inc
New York
$1.29M -$2.12K -75 -0.1%
UBS Group
82
UBS Group
Switzerland
$1.23M +$1.3M +46,080 +3,361%
DekaBank Deutsche Girozentrale
83
DekaBank Deutsche Girozentrale
Germany
$1.16M +$620K +21,900 +96%
SIM
84
Spark Investment Management
New York
$1.11M – – –
TPSF
85
Texas Permanent School Fund
Texas
$1.07M -$48.4K -1,710 -4%
BA
86
BlackRock Advisors
Delaware
$1.06M +$217K +7,657 +23%
PAM
87
Paradigm Asset Management
New York
$1.04M -$161K -5,700 -12%
Brown Advisory
88
Brown Advisory
Maryland
$998K – – –
Los Angeles Capital Management
89
Los Angeles Capital Management
California
$998K – – –
CSS
90
Cubist Systematic Strategies
Connecticut
$987K +$493K +17,411 +84%
TA
91
Teton Advisors
New York
$986K – – –
SO
92
STRS Ohio
Ohio
$968K -$22.6K -800 -2%
MLICM
93
Metropolitan Life Insurance Company (MetLife)
New York
$941K -$29.6K -1,047 -3%
AIG
94
American International Group
New York
$929K +$3.99K +141 +0.4%
NSEDCP
95
NJ State Employees Deferred Compensation Plan
New Jersey
$904K – – –
Allianz Asset Management
96
Allianz Asset Management
Germany
$891K -$45.9K -1,620 -4%
Two Sigma Advisers
97
Two Sigma Advisers
New York
$888K -$343K -12,100 -26%
CEP
98
Chicago Equity Partners
Illinois
$858K +$941K +33,225 New
Citigroup
99
Citigroup
New York
$857K +$361K +12,747 +62%
FCBT
100
First Citizens Bank & Trust
North Carolina
$840K +$920K +32,504 New
2 3
4
5 6

PRGS Hedge Fund Activity: Q3 2015 in Review

169 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q3 2015, worth a combined $1.22B — down 5.6% from $1.3B a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new PRGS positions and 14 closed out — a net gain of 5 holders — while 59 added to existing stakes and 65 trimmed.

The largest buyer was Neuberger Berman Group, adding an estimated $17.7M. The largest seller was Van Berkom & Associates, cutting an estimated $10.2M.

  • 169 institutional investors held Progress Software (PRGS) as of Q3 2015, up from 165 in Q2 2015.
  • Funds reported $1.22B of Progress Software stock for Q3 2015, down 5.6% quarter-over-quarter.
  • 19 funds opened new Progress Software positions in Q3 2015 and 14 closed out, a net change of +5 holders.
  • The largest Progress Software buyer in Q3 2015 was Neuberger Berman Group, an estimated $17.7M added.
  • The largest Progress Software seller in Q3 2015 was Van Berkom & Associates, an estimated $10.2M sold.

Based on aggregated 13F filings for Q3 2015.