Progress Software
PRGS
155 hedge funds and large institutions have $1.29B invested in Progress Software in 2013 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 58 increasing their positions, 61 reducing their positions, and 20 closing their positions.
8% more capital invested
Capital invested by funds: $1.19B → $1.29B (+$99.9M)
5% less repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 61
6% less funds holding
Funds holding: 165 → 155 (-10)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
45% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 20
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
+$9.74M |
| 2 |
CIP
Chartwell Investment Partners
Berywn,
Pennsylvania
|
+$8.07M |
| 3 |
FIM
Foresters Investment Management
New York
|
+$6.96M |
| 4 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$6.17M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$5.95M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SV
Starboard Value
New York
|
-$46.7M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$7.98M |
| 3 |
SAM
Sentinel Asset Management
Montpelier,
Vermont
|
-$7.86M |
| 4 |
Goldman Sachs
New York
|
-$7.35M |
| 5 |
PCMI
Paradigm Capital Management Inc
Albany,
New York
|
-$7.18M |
PRGS Hedge Fund Activity: Q3 2013 in Review
155 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q3 2013, worth a combined $1.29B — up 8.4% from $1.19B a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of PRGS and 11 opened new positions — a net loss of 9 holders — while 61 trimmed existing stakes and 58 added.
The largest buyer was BlackRock Advisors, adding an estimated $9.74M. The largest seller was Starboard Value, cutting an estimated $46.7M.
- 155 institutional investors held Progress Software (PRGS) as of Q3 2013, down from 165 in Q2 2013.
- Funds reported $1.29B of Progress Software stock for Q3 2013, up 8.4% quarter-over-quarter.
- 11 funds opened new Progress Software positions in Q3 2013 and 20 closed out, a net change of -9 holders.
- The largest Progress Software buyer in Q3 2013 was BlackRock Advisors, an estimated $9.74M added.
- The largest Progress Software seller in Q3 2013 was Starboard Value, an estimated $46.7M sold.
Based on aggregated 13F filings for Q3 2013.