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Progress Software

258 hedge funds and large institutions have $1.67B invested in Progress Software in 2018 Q1 according to their latest regulatory filings, with 66 funds opening new positions, 75 increasing their positions, 82 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

247% more first-time investments, than exits

New positions opened: 66 | Existing positions closed: 19

21% more funds holding

Funds holding: 213258 (+45)

2.38% more ownership

Funds ownership: 91.51%93.9% (+2.4%)

9% less repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 82

10% less capital invested

Capital invested by funds: $1.86B → $1.67B (-$189M)

50% less funds holding in top 10

Funds holding in top 10: 42 (-2)

70% less call options, than puts

Call options by funds: $1.09M | Put options by funds: $3.65M

Holders
258
Holders Change
+45
Holders Change %
+21.13%
% of All Funds
5.91%
Holding in Top 10
2
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-50%
% of All Funds
0.05%
New
66
Increased
75
Reduced
82
Closed
19
Calls
$1.09M
Puts
$3.65M
Net Calls
-$2.56M
Net Calls Change
-$3.43M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$241M +$3.85M +84,047 +1%
Vanguard Group
2
Vanguard Group
Pennsylvania
$178M +$8.48M +184,968 +4%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$68.9M -$111K -2,423 -0.1%
JP Morgan Chase
4
JP Morgan Chase
New York
$57.9M -$14.4M -314,350 -17%
Man Group
5
Man Group
United Kingdom
$55.7M +$66.4M +1,448,784 New
Renaissance Technologies
6
Renaissance Technologies
New York
$55.6M +$21M +458,211 +46%
State Street
7
State Street
Massachusetts
$49.9M -$780K -17,014 -1%
Norges Bank
8
Norges Bank
Norway
$41.4M -$8.92M -194,646 -15%
Northern Trust
9
Northern Trust
Illinois
$35.6M -$957K -20,891 -2%
Fisher Asset Management
10
Fisher Asset Management
Washington
$34M -$774K -16,878 -2%
Bank of New York Mellon
11
Bank of New York Mellon
New York
$31.4M +$724K +15,803 +2%
Millennium Management
12
Millennium Management
New York
$29.3M +$20.2M +440,828 +138%
Acadian Asset Management
13
Acadian Asset Management
Massachusetts
$28.9M +$33.2M +724,920 +2,682%
Prudential Financial
14
Prudential Financial
New Jersey
$26.5M +$7.43M +162,162 +31%
LCM
15
Laurion Capital Management
New York
$23.6M +$26.5M +577,297 +1,601%
OCMI
16
Oaktop Capital Management II
New Jersey
$23.6M
Geode Capital Management
17
Geode Capital Management
Massachusetts
$22.7M -$1.1M -23,903 -4%
Morgan Stanley
18
Morgan Stanley
New York
$20.8M +$15.7M +341,755 +172%
Charles Schwab
19
Charles Schwab
California
$20.3M -$7.92M -172,857 -25%
Goldman Sachs
20
Goldman Sachs
New York
$19.8M +$14.8M +322,074 +168%
Ameriprise
21
Ameriprise
Minnesota
$19.2M -$1.43M -31,129 -6%
Arrowstreet Capital
22
Arrowstreet Capital
Massachusetts
$18.9M +$9.96M +217,382 +80%
Invesco
23
Invesco
Georgia
$17.8M -$5.02M -109,446 -19%
Russell Investments Group
24
Russell Investments Group
United Kingdom
$15.9M +$5.06M +110,490 +36%
Principal Financial Group
25
Principal Financial Group
Iowa
$15.7M +$18K +393 +0.1%

PRGS Hedge Fund Activity: Q1 2018 in Review

258 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q1 2018, worth a combined $1.67B — down 10% from $1.86B a quarter earlier.

Buyers outnumbered sellers: 66 funds opened new PRGS positions and 19 closed out — a net gain of 47 holders — while 75 added to existing stakes and 82 trimmed.

The largest buyer was Acadian Asset Management, adding an estimated $33.2M. The largest seller was Praesidium Investment Management Company, exiting entirely with an estimated $184M sold.

  • 258 institutional investors held Progress Software (PRGS) as of Q1 2018, up from 213 in Q4 2017.
  • Funds reported $1.67B of Progress Software stock for Q1 2018, down 10% quarter-over-quarter.
  • 66 funds opened new Progress Software positions in Q1 2018 and 19 closed out, a net change of +47 holders.
  • The largest Progress Software buyer in Q1 2018 was Acadian Asset Management, an estimated $33.2M added.
  • The largest Progress Software seller in Q1 2018 was Praesidium Investment Management Company, an estimated $184M sold.

Based on aggregated 13F filings for Q1 2018.