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.
649% more call options, than puts
Call options by funds: $1.02M | Put options by funds: $136K
7% more capital invested
Capital invested by funds: $1.75B → $1.86B (+$116M)
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
+$12.4M |
| 2 |
JP Morgan Chase
New York
|
+$10.8M |
| 3 |
Norges Bank
Oslo,
Norway
|
+$10.7M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$3.93M |
| 5 |
CEP
Chicago Equity Partners
Chicago,
Illinois
|
+$3.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$54.6M |
| 2 |
Two Sigma Investments
New York
|
-$11.7M |
| 3 |
Two Sigma Advisers
New York
|
-$10.5M |
| 4 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$7.51M |
| 5 |
NFA
Nationwide Fund Advisors
Columbus,
Ohio
|
-$7.17M |
PRGS Hedge Fund Activity: Q4 2017 in Review
213 of the 4,419 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q4 2017, worth a combined $1.86B — up 6.7% from $1.75B 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 6.7% 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.