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Progress Software
PRGS

213 hedge funds and large institutions have $1.86B invested in Progress Software in 2017 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 74 increasing their positions, 85 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

7% more capital invested

Capital invested by funds: $1.74B → $1.86B (+$123M)

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

6% less first-time investments, than exits

New positions opened: 29 | Existing positions closed: 31

1% less funds holding

Funds holding: 216 → 213 (-3)

3.28% less ownership

Funds ownership: 94.79% → 91.51% (-3.3%)

13% less repeat investments, than reductions

Existing positions increased: 74 | Existing positions reduced: 85

Holders
213
Holders Change
-3
Holders Change %
-1.39%
% of All Funds
4.83%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
29
Increased
74
Reduced
85
Closed
31
Calls
$870K
Puts
–
Net Calls
+$870K
Net Calls Change
+$1.23M

Top Buyers

Rank Fund Capital Flow
1
Renaissance Technologies
Renaissance Technologies
New York
+$12.4M
2
JP Morgan Chase
JP Morgan Chase
New York
+$10.8M
3
Norges Bank
Norges Bank
Norway
+$10.7M
4
AQR Capital Management
AQR Capital Management
Connecticut
+$3.93M
5
CEP
Chicago Equity Partners
Illinois
+$3.8M

Top Sellers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
-$54.6M
2
Two Sigma Investments
Two Sigma Investments
New York
-$11.7M
3
Two Sigma Advisers
Two Sigma Advisers
New York
-$10.5M
4
NI
Numeric Investors
Massachusetts
-$7.51M
5
NFA
Nationwide Fund Advisors
Ohio
-$7.17M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$263M +$2.53M +60,738 +1%
Vanguard Group
2
Vanguard Group
Pennsylvania
$189M +$1.53M +36,816 +0.8%
PIMC
3
Praesidium Investment Management Company
New York
$184M +$2.82M +67,623 +2%
JP Morgan Chase
4
JP Morgan Chase
New York
$77.4M +$10.8M +258,574 +17%
Dimensional Fund Advisors
5
Dimensional Fund Advisors
Texas
$76.4M -$47.7K -1,146 -0.1%
State Street
6
State Street
Massachusetts
$56M +$1.2M +28,739 +2%
Norges Bank
7
Norges Bank
Norway
$54.1M +$10.7M +256,601 +25%
NI
8
Numeric Investors
Massachusetts
$47.1M -$7.51M -180,500 -14%
Renaissance Technologies
9
Renaissance Technologies
New York
$42.1M +$12.4M +298,000 +43%
Northern Trust
10
Northern Trust
Illinois
$40.3M -$289K -6,950 -0.7%
Fisher Asset Management
11
Fisher Asset Management
Washington
$38.4M -$92.6K -2,225 -0.2%
Bank of New York Mellon
12
Bank of New York Mellon
New York
$34.1M -$1.14M -27,429 -3%
Charles Schwab
13
Charles Schwab
California
$29.8M -$964K -23,162 -3%
Geode Capital Management
14
Geode Capital Management
Massachusetts
$26.1M -$973K -23,372 -4%
OCMI
15
Oaktop Capital Management II
New Jersey
$26.1M – – –
TA
16
Teachers Advisors
New York
$25.2M +$1.49M +35,756 +6%
Invesco
17
Invesco
Georgia
$24.3M -$1.8M -43,314 -7%
Ameriprise
18
Ameriprise
Minnesota
$22.6M -$1.42M -34,228 -6%
Prudential Financial
19
Prudential Financial
New Jersey
$22.4M +$1.75M +42,098 +9%
TCM
20
Tensile Capital Management
California
$21.3M +$54.1K +1,300 +0.3%
WCM
21
Wedge Capital Management
North Carolina
$20.5M +$691K +16,609 +4%
Principal Financial Group
22
Principal Financial Group
Iowa
$17.4M +$1.36M +32,566 +9%
CIP
23
Chartwell Investment Partners
Pennsylvania
$15.3M -$545K -13,080 -4%
AL
24
AJO LP
Pennsylvania
$14.7M -$1.95M -46,829 -12%
Millennium Management
25
Millennium Management
New York
$13.6M -$1.69M -40,503 -11%
1
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PRGS Hedge Fund Activity: Q4 2017 in Review

213 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q4 2017, worth a combined $1.86B — up 7.1% from $1.74B a quarter earlier.

Sellers outnumbered buyers: 31 funds closed out of PRGS and 29 opened new positions — a net loss of 2 holders — while 85 trimmed existing stakes and 74 added.

The largest buyer was Renaissance Technologies, adding an estimated $12.4M. The largest seller was Bank of America, cutting an estimated $54.6M.

  • 213 institutional investors held Progress Software (PRGS) as of Q4 2017, down from 216 in Q3 2017.
  • Funds reported $1.86B of Progress Software stock for Q4 2017, up 7.1% quarter-over-quarter.
  • 29 funds opened new Progress Software positions in Q4 2017 and 31 closed out, a net change of -2 holders.
  • The largest Progress Software buyer in Q4 2017 was Renaissance Technologies, an estimated $12.4M added.
  • The largest Progress Software seller in Q4 2017 was Bank of America, an estimated $54.6M sold.

Based on aggregated 13F filings for Q4 2017.