Progress Software
PRGS
159 hedge funds and large institutions have $1.17B invested in Progress Software in 2014 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 42 increasing their positions, 64 reducing their positions, and 19 closing their positions.
42% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 19
9% more capital invested
Capital invested by funds: $1.08B → $1.17B (+$92.6M)
5% more funds holding
Funds holding: 151 → 159 (+8)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
21% less call options, than puts
Call options by funds: $240K | Put options by funds: $303K
34% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 64
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FMI
Fiduciary Management Inc
Milwaukee,
Wisconsin
|
+$32.9M |
| 2 |
Norges Bank
Oslo,
Norway
|
+$11.9M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$5.53M |
| 4 |
HCM
Highbridge Capital Management
New York
|
+$2.72M |
| 5 |
TI
Trigran Investments
Northbrook,
Illinois
|
+$2.72M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$13.7M |
| 2 |
CIM
Contravisory Investment Management
Norwell,
Massachusetts
|
-$9.7M |
| 3 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
-$8.33M |
| 4 |
GIM
Granahan Investment Management
Waltham,
Massachusetts
|
-$5.61M |
| 5 |
GAM
Gotham Asset Management
New York
|
-$5.48M |
PRGS Hedge Fund Activity: Q2 2014 in Review
159 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q2 2014, worth a combined $1.17B — up 8.6% from $1.08B a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new PRGS positions and 19 closed out — a net gain of 8 holders — while 42 added to existing stakes and 64 trimmed.
The largest buyer was Fiduciary Management Inc, opening a new position worth an estimated $32.9M. The largest seller was Artisan Partners, cutting an estimated $13.7M.
- 159 institutional investors held Progress Software (PRGS) as of Q2 2014, up from 151 in Q1 2014.
- Funds reported $1.17B of Progress Software stock for Q2 2014, up 8.6% quarter-over-quarter.
- 27 funds opened new Progress Software positions in Q2 2014 and 19 closed out, a net change of +8 holders.
- The largest Progress Software buyer in Q2 2014 was Fiduciary Management Inc, an estimated $32.9M added.
- The largest Progress Software seller in Q2 2014 was Artisan Partners, an estimated $13.7M sold.
Based on aggregated 13F filings for Q2 2014.