Progress Software
PRGS
328 hedge funds and large institutions have $3.28B invested in Progress Software in 2024 Q3 according to their latest regulatory filings, with 52 funds opening new positions, 111 increasing their positions, 106 reducing their positions, and 27 closing their positions.
214% more call options, than puts
Call options by funds: $17.1M | Put options by funds: $5.45M
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
93% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 27
29% more capital invested
Capital invested by funds: $2.55B → $3.28B (+$729M)
8% more funds holding
Funds holding: 304 → 328 (+24)
5.48% more ownership
Funds ownership: 108.65% → 114.13% (+5.5%)
5% more repeat investments, than reductions
Existing positions increased: 111 | Existing positions reduced: 106
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LG
Leuthold Group
Minneapolis,
Minnesota
|
+$21.2M |
| 2 |
BNP Paribas Financial Markets
Paris,
France
|
+$14.9M |
| 3 |
Nomura Holdings
Tokyo,
Japan
|
+$14.8M |
| 4 |
Goldman Sachs
New York
|
+$14.7M |
| 5 |
SBH
Segall Bryant & Hamill
Chicago,
Illinois
|
+$14.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$12.9M |
| 2 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
-$11.6M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$10.2M |
| 4 |
Morgan Stanley
New York
|
-$8.92M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$7.38M |
PRGS Hedge Fund Activity: Q3 2024 in Review
328 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q3 2024, worth a combined $3.28B — up 29% from $2.55B a quarter earlier.
Buyers outnumbered sellers: 52 funds opened new PRGS positions and 27 closed out — a net gain of 25 holders — while 111 added to existing stakes and 106 trimmed.
The largest buyer was Leuthold Group, adding an estimated $21.2M. The largest seller was Millennium Management, cutting an estimated $12.9M.
- 328 institutional investors held Progress Software (PRGS) as of Q3 2024, up from 304 in Q2 2024.
- Funds reported $3.28B of Progress Software stock for Q3 2024, up 29% quarter-over-quarter.
- 52 funds opened new Progress Software positions in Q3 2024 and 27 closed out, a net change of +25 holders.
- The largest Progress Software buyer in Q3 2024 was Leuthold Group, an estimated $21.2M added.
- The largest Progress Software seller in Q3 2024 was Millennium Management, an estimated $12.9M sold.
Based on aggregated 13F filings for Q3 2024.