Progress Software
PRGS
171 hedge funds and large institutions have $1.29B invested in Progress Software in 2015 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 73 increasing their positions, 62 reducing their positions, and 18 closing their positions.
18% more repeat investments, than reductions
Existing positions increased: 73 | Existing positions reduced: 62
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.88% less ownership
Funds ownership: 94.46% → 93.58% (-0.88%)
4% less funds holding
Funds holding: 179 → 171 (-8)
13% less capital inflows, than outflows
Capital inflows: $93M | Capital outflows: $107M
39% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Thrivent Financial for Lutherans
Minneapolis,
Minnesota
|
+$21.3M |
| 2 |
PIMC
Praesidium Investment Management Company
New York
|
+$6.22M |
| 3 |
Renaissance Technologies
New York
|
+$4.69M |
| 4 |
Charles Schwab
San Francisco,
California
|
+$4.65M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$4.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
-$28.2M |
| 2 |
Russell Frank Company
Seattle,
Washington
|
-$9.86M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$7.43M |
| 4 |
Two Sigma Investments
New York
|
-$5.46M |
| 5 |
Northern Trust
Chicago,
Illinois
|
-$4.14M |
PRGS Hedge Fund Activity: Q1 2015 in Review
171 of the 3,770 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q1 2015, worth a combined $1.29B — down 0.56% from $1.29B a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of PRGS and 11 opened new positions — a net loss of 7 holders — while 62 trimmed existing stakes and 73 added.
The largest buyer was Thrivent Financial for Lutherans, adding an estimated $21.3M. The largest seller was Cardinal Capital Management LLC (Connecticut), exiting entirely with an estimated $28.2M sold.
- 171 institutional investors held Progress Software (PRGS) as of Q1 2015, down from 179 in Q4 2014.
- Funds reported $1.29B of Progress Software stock for Q1 2015, down 0.56% quarter-over-quarter.
- 11 funds opened new Progress Software positions in Q1 2015 and 18 closed out, a net change of -7 holders.
- The largest Progress Software buyer in Q1 2015 was Thrivent Financial for Lutherans, an estimated $21.3M added.
- The largest Progress Software seller in Q1 2015 was Cardinal Capital Management LLC (Connecticut), an estimated $28.2M sold.
Based on aggregated 13F filings for Q1 2015.