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Progress Software
PRGS

181 hedge funds and large institutions have $1.44B invested in Progress Software in 2016 Q4 according to their latest regulatory filings, with 27 funds opening new positions, 54 increasing their positions, 63 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,228% more call options, than puts

Call options by funds: $850K | Put options by funds: $64K

92.76% more ownership

Funds ownership: 0% → 92.76% (+93%)

33% more funds holding in top 10

Funds holding in top 10: 3 → 4 (+1)

18% more capital invested

Capital invested by funds: $1.22B → $1.44B (+$221M)

3% less funds holding

Funds holding: 186 → 181 (-5)

10% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 30

14% less repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 63

Holders
181
Holders Change
-5
Holders Change %
-2.69%
% of All Funds
4.53%
Holding in Top 10
4
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+33.33%
% of All Funds
0.1%
New
27
Increased
54
Reduced
63
Closed
30
Calls
$850K
Puts
$64K
Net Calls
+$786K
Net Calls Change
+$3.21M

Top Buyers

Rank Fund Capital Flow
1
BFA
BlackRock Fund Advisors
California
+$11.6M
2
HA
Heartland Advisors
Wisconsin
+$8.89M
3
JP Morgan Chase
JP Morgan Chase
New York
+$8.85M
4
DGI
Discovery Group I
Illinois
+$5.54M
5
Bank of New York Mellon
Bank of New York Mellon
New York
+$4.68M

Top Sellers

Rank Fund Capital Flow
1
LCM
Laurion Capital Management
New York
-$7.28M
2
IAM
Impax Asset Management
New Hampshire
-$5.55M
3
Fidelity Investments
Fidelity Investments
Massachusetts
-$5.45M
4
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$4.99M
5
WCM Investment Management
WCM Investment Management
California
-$4.45M
Name Holding Trade Value Shares
Change 		Change in
Stake
California Public Employees Retirement System
76
California Public Employees Retirement System
California
$1.91M -$49.4K -1,700 -3%
CS
77
Credit Suisse
Switzerland
$1.73M +$174K +5,984 +12%
Stifel Financial
78
Stifel Financial
Missouri
$1.61M -$44.2K -1,522 -3%
PCMI
79
Paradigm Capital Management Inc
New York
$1.59M – – –
GLA
80
Great Lakes Advisors
Illinois
$1.58M -$2.03M -69,865 -59%
State Board of Administration of Florida Retirement System
81
State Board of Administration of Florida Retirement System
Florida
$1.53M – – –
TA
82
Teton Advisors
New York
$1.31M – – –
Deutsche Bank
83
Deutsche Bank
Germany
$1.26M -$1.11M -38,267 -49%
Brown Advisory
84
Brown Advisory
Maryland
$1.23M – – –
State of Tennessee, Department of Treasury
85
State of Tennessee, Department of Treasury
Tennessee
$1.23M – – –
Los Angeles Capital Management
86
Los Angeles Capital Management
California
$1.22M – – –
IIM
87
Ironwood Investment Management
Massachusetts
$1.21M -$56.8K -1,956 -5%
WCM Investment Management
88
WCM Investment Management
California
$1.17M -$4.45M -153,460 -81%
AIG
89
American International Group
New York
$1.17M -$14.7K -507 -1%
TPSF
90
Texas Permanent School Fund
Texas
$1.13M -$43.2K -1,488 -4%
NSEDCP
91
NJ State Employees Deferred Compensation Plan
New Jersey
$1.12M – – –
Public Sector Pension Investment Board (PSP Investments)
92
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.09M – – –
MLICM
93
Metropolitan Life Insurance Company (MetLife)
New York
$1.09M -$26.4K -910 -3%
Manulife (Manufacturers Life Insurance)
94
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.09M +$1.54K +53 +0.2%
SO
95
STRS Ohio
Ohio
$1.08M -$46.4K -1,600 -5%
ADEF
96
Adams Diversified Equity Fund
Maryland
$1.03M +$473K +16,300 +102%
Millennium Management
97
Millennium Management
New York
$992K -$2.84M -97,740 -76%
GC
98
Guggenheim Capital
Illinois
$979K +$890K +30,664 New
Wellington Management Group
99
Wellington Management Group
Massachusetts
$954K +$244K +8,397 +39%
GAM
100
Gotham Asset Management
New York
$892K -$92.3K -3,178 -10%
2 3
4
5 6

PRGS Hedge Fund Activity: Q4 2016 in Review

181 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q4 2016, worth a combined $1.44B — up 18% from $1.22B a quarter earlier.

Sellers outnumbered buyers: 30 funds closed out of PRGS and 27 opened new positions — a net loss of 3 holders — while 63 trimmed existing stakes and 54 added.

The largest buyer was BlackRock Fund Advisors, adding an estimated $11.6M. The largest seller was Laurion Capital Management, exiting entirely with an estimated $7.28M sold.

  • 181 institutional investors held Progress Software (PRGS) as of Q4 2016, down from 186 in Q3 2016.
  • Funds reported $1.44B of Progress Software stock for Q4 2016, up 18% quarter-over-quarter.
  • 27 funds opened new Progress Software positions in Q4 2016 and 30 closed out, a net change of -3 holders.
  • The largest Progress Software buyer in Q4 2016 was BlackRock Fund Advisors, an estimated $11.6M added.
  • The largest Progress Software seller in Q4 2016 was Laurion Capital Management, an estimated $7.28M sold.

Based on aggregated 13F filings for Q4 2016.