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Progress Software
PRGS

178 hedge funds and large institutions have $1.29B invested in Progress Software in 2014 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 64 increasing their positions, 50 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

175% more first-time investments, than exits

New positions opened: 33 | Existing positions closed: 12

28% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 50

13% more capital invested

Capital invested by funds: $1.15B → $1.29B (+$144M)

11% more funds holding

Funds holding: 161 → 178 (+17)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
178
Holders Change
+17
Holders Change %
+10.56%
% of All Funds
4.75%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.08%
New
33
Increased
64
Reduced
50
Closed
12
Calls
$200K
Puts
–
Net Calls
+$200K
Net Calls Change
+$200K

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$15.5M
2
NI
Numeric Investors
Massachusetts
+$14.5M
3
TA
Teachers Advisors
New York
+$13.1M
4
WCM Investment Management
WCM Investment Management
California
+$12.8M
5
BIT
BlackRock Institutional Trust
California
+$11.5M

Top Sellers

1
Artisan Partners
Artisan Partners
Wisconsin
-$35.7M
2
TAM
Third Avenue Management
New York
-$31.1M
3
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$30.3M
4
Ameriprise
Ameriprise
Minnesota
-$15.6M
5
SAM
Sentinel Asset Management
Vermont
-$14M
Name Holding Trade Value Shares
Change 		Change in
Stake
EMA
176
Efficient Market Advisors
California
$1K – – –
Manulife (Manufacturers Life Insurance)
177
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$889 -$18.2K -702 -2%
BRWA
178
B. Riley Wealth Advisors
Florida
$6 +$6K +231 New
Artisan Partners
179
Artisan Partners
Wisconsin
– -$35.7M -1,492,633 Closed
SAM
180
Sentinel Asset Management
Vermont
– -$14M -583,670 Closed
HA
181
Heartland Advisors
Wisconsin
– -$5M -208,900 Closed
DTL
182
Dynamic Technology Lab
Singapore
– -$1.08M -45,372 Closed
HHC
183
Hutchin Hill Capital
New York
– -$777K -32,500 Closed
SCA
184
Secor Capital Advisors
New York
– -$627K -26,220 Closed
RA
185
Royce & Associates
New York
– -$478K -20,000 Closed
VKH
186
Virtu KCG Holdings
New York
– -$312K -13,035 Closed
AP
187
AHL Partners
United Kingdom
– -$279K -11,658 Closed
Royal Bank of Canada
188
Royal Bank of Canada
Ontario, Canada
– -$277K -11,600 Closed
Jane Street
189
Jane Street
New York
– -$263K -11,006 Closed
Axa
190
Axa
France
– -$141K -5,900 Closed
4 5 6 7
8

PRGS Hedge Fund Activity: Q4 2014 in Review

178 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q4 2014, worth a combined $1.29B — up 13% from $1.15B a quarter earlier.

Buyers outnumbered sellers: 33 funds opened new PRGS positions and 12 closed out — a net gain of 21 holders — while 64 added to existing stakes and 50 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $15.5M. The largest seller was Artisan Partners, exiting entirely with an estimated $35.7M sold.

  • 178 institutional investors held Progress Software (PRGS) as of Q4 2014, up from 161 in Q3 2014.
  • Funds reported $1.29B of Progress Software stock for Q4 2014, up 13% quarter-over-quarter.
  • 33 funds opened new Progress Software positions in Q4 2014 and 12 closed out, a net change of +21 holders.
  • The largest Progress Software buyer in Q4 2014 was Fidelity Investments, an estimated $15.5M added.
  • The largest Progress Software seller in Q4 2014 was Artisan Partners, an estimated $35.7M sold.

Based on aggregated 13F filings for Q4 2014.