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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$20M |
| 2 |
Neuberger Berman Group
New York
|
+$14.2M |
| 3 |
ERM
Elm Ridge Management
Briarcliff Manor,
New York
|
+$10.1M |
| 4 |
RFC
Russell Frank Company
Seattle,
Washington
|
+$6.13M |
| 5 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$3.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GAM
Gotham Asset Management
New York
|
-$14.8M |
| 2 |
AL
AJO LP
Philadelphia,
Pennsylvania
|
-$9.24M |
| 3 |
California Public Employees Retirement System
Sacramento,
California
|
-$7.89M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
-$7.85M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
-$3.16M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CIC
176
Cornercap Investment Counsel
Atlanta,
Georgia
| – | -$511K | -18,815 | Closed |
|
|
R
177
RQSI
Nassau,
Bahamas
| – | -$454K | -16,700 | Closed |
|
178
Schroder Investment Management Group
London,
United Kingdom
| – | -$440K | -16,300 | Closed |
|
|
VAM
179
Visium Asset Management
New York
| – | -$435K | -16,006 | Closed |
|
180
LSV Asset Management
Chicago,
Illinois
| – | -$407K | -15,000 | Closed |
|
|
GMIM
181
General Motors Investment Management
New York
| – | -$283K | -10,405 | Closed |
|
|
IRS
182
Invictus RG (Singapore)
Singapore
| – | -$276K | -10,174 | Closed |
|
|
CCMH
183
Cornerstone Capital Management Holdings
New York
| – | -$133K | -4,900 | Closed |
|
184
Simplex Trading
Chicago,
Illinois
| – | -$1.73K | -65 | Closed |
|
PRGS Hedge Fund Activity: Q2 2015 in Review
165 of the 3,711 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.