Progress Software
PRGS
238 hedge funds and large institutions have $1.65B invested in Progress Software in 2018 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 77 increasing their positions, 103 reducing their positions, and 38 closing their positions.
187% more call options, than puts
Call options by funds: $3.67M | Put options by funds: $1.28M
0.43% less ownership
Funds ownership: 93.9% → 93.46% (-0.43%)
1% less capital invested
Capital invested by funds: $1.67B → $1.65B (-$24.9M)
8% less funds holding
Funds holding: 258 → 238 (-20)
25% less repeat investments, than reductions
Existing positions increased: 77 | Existing positions reduced: 103
47% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 38
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$28.5M |
| 2 |
Fisher Asset Management
Camas,
Washington
|
+$13M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$9.68M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$8.49M |
| 5 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$8.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Laurion Capital Management
New York
|
-$22.8M |
| 2 |
JP Morgan Chase
New York
|
-$18.3M |
| 3 |
TCM
Tensile Capital Management
Larkspur,
California
|
-$10.1M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$9.34M |
| 5 |
Renaissance Technologies
New York
|
-$8.32M |
PRGS Hedge Fund Activity: Q2 2018 in Review
238 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q2 2018, worth a combined $1.65B — down 1.5% from $1.67B a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of PRGS and 20 opened new positions — a net loss of 18 holders — while 103 trimmed existing stakes and 77 added.
The largest buyer was BlackRock, adding an estimated $28.5M. The largest seller was Laurion Capital Management, cutting an estimated $22.8M.
- 238 institutional investors held Progress Software (PRGS) as of Q2 2018, down from 258 in Q1 2018.
- Funds reported $1.65B of Progress Software stock for Q2 2018, down 1.5% quarter-over-quarter.
- 20 funds opened new Progress Software positions in Q2 2018 and 38 closed out, a net change of -18 holders.
- The largest Progress Software buyer in Q2 2018 was BlackRock, an estimated $28.5M added.
- The largest Progress Software seller in Q2 2018 was Laurion Capital Management, an estimated $22.8M sold.
Based on aggregated 13F filings for Q2 2018.