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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$11.6M |
| 2 |
HA
Heartland Advisors
Milwaukee,
Wisconsin
|
+$8.89M |
| 3 |
JP Morgan Chase
New York
|
+$8.85M |
| 4 |
DGI
Discovery Group I
Chicago,
Illinois
|
+$5.54M |
| 5 |
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
Portsmouth,
New Hampshire
|
-$5.55M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$5.45M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
-$4.99M |
| 5 |
WCM Investment Management
Laguna Beach,
California
|
-$4.45M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
201
Asset Management One
Tokyo,
Japan
| – | -$346K | -12,706 | Closed |
|
|
VKH
202
Virtu KCG Holdings
New York
| – | -$316K | -11,631 | Closed |
|
203
Verition Fund Management
Greenwich,
Connecticut
| – | -$277K | -10,179 | Closed |
|
|
QT
204
Quantbot Technologies
New York
| – | -$252K | -9,266 | Closed |
|
205
Squarepoint
New York
| – | -$238K | -8,768 | Closed |
|
|
MCM
206
Manchester Capital Management
Manchester,
Vermont
| – | -$52K | -1,800 | Closed |
|
|
PHK
207
Point72 Hong Kong
Hong Kong
| – | -$3K | -100 | Closed |
|
|
PIA
208
Piedmont Investment Advisors
Durham,
North Carolina
| – | -$2.67K | -98 | Closed |
|
|
ACH
209
ArrowMark Colorado Holdings
Denver,
Colorado
| – | -$1K | -45 | Closed |
|
|
WTB
210
Washington Trust Bank
Spokane,
Washington
| – | -$1K | -40 | Closed |
|
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.