Progress Software
PRGS
157 hedge funds and large institutions have $1.26B invested in Progress Software in 2013 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 52 increasing their positions, 65 reducing their positions, and 13 closing their positions.
23% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 13
1% more funds holding
Funds holding: 155 → 157 (+2)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3% less capital invested
Capital invested by funds: $1.29B → $1.26B (-$32.6M)
20% less repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 65
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$17.2M |
| 2 |
CIM
Contravisory Investment Management
Norwell,
Massachusetts
|
+$11.6M |
| 3 |
MCM
Munder Capital Management
Birmingham,
Michigan
|
+$9.7M |
| 4 |
VBA
Van Berkom & Associates
Montreal,
Quebec, Canada
|
+$7.67M |
| 5 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$7.38M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Daruma Capital Management
New York
|
-$60.2M |
| 2 |
CIP
Chartwell Investment Partners
Berywn,
Pennsylvania
|
-$6.75M |
| 3 |
SV
Starboard Value
New York
|
-$6.46M |
| 4 |
BCM
Breithorn Capital Management
New York
|
-$4.28M |
| 5 |
RBLCM
Roaring Blue Lion Capital Management
Dallas,
Texas
|
-$3.45M |
PRGS Hedge Fund Activity: Q4 2013 in Review
157 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q4 2013, worth a combined $1.26B — down 2.5% from $1.29B a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new PRGS positions and 13 closed out — a net gain of 3 holders — while 52 added to existing stakes and 65 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $17.2M. The largest seller was Daruma Capital Management, exiting entirely with an estimated $60.2M sold.
- 157 institutional investors held Progress Software (PRGS) as of Q4 2013, up from 155 in Q3 2013.
- Funds reported $1.26B of Progress Software stock for Q4 2013, down 2.5% quarter-over-quarter.
- 16 funds opened new Progress Software positions in Q4 2013 and 13 closed out, a net change of +3 holders.
- The largest Progress Software buyer in Q4 2013 was Fidelity Investments, an estimated $17.2M added.
- The largest Progress Software seller in Q4 2013 was Daruma Capital Management, an estimated $60.2M sold.
Based on aggregated 13F filings for Q4 2013.