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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
+$17.7M |
| 2 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$16.7M |
| 3 |
JP Morgan Chase
New York
|
+$5.77M |
| 4 |
Morgan Stanley
New York
|
+$3.48M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
+$2.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
-$10.2M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$7.26M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$6.15M |
| 4 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$5.13M |
| 5 |
Charles Schwab
San Francisco,
California
|
-$4.64M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PA
176
Profund Advisors
Bethesda,
Maryland
| – | -$280K | -10,195 | Closed |
|
|
TRCT
177
Tower Research Capital (TRC)
New York
| – | -$207K | -7,516 | Closed |
|
178
ProShare Advisors
Bethesda,
Maryland
| – | -$201K | -7,303 | Closed |
|
179
Victory Capital Management
San Antonio,
Texas
| – | -$104K | -3,732 | Closed |
|
|
QT
180
Quantbot Technologies
New York
| – | -$78K | -2,861 | Closed |
|
|
IMS
181
Index Management Solutions
Philadelphia,
Pennsylvania
| – | -$21K | -748 | Closed |
|
|
PCM
182
Prelude Capital Management
New York
| – | -$19K | -700 | Closed |
|
|
KT
183
Kanaly Trust
Houston,
Texas
| – | +$340 | +12 | New |
|
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.