Progress Software
PRGS
214 hedge funds and large institutions have $1.37B invested in Progress Software in 2020 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 72 increasing their positions, 86 reducing their positions, and 36 closing their positions.
19% more call options, than puts
Call options by funds: $1.28M | Put options by funds: $1.07M
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.32% less ownership
Funds ownership: 95.47% → 95.15% (-0.32%)
6% less funds holding
Funds holding: 228 → 214 (-14)
16% less repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 86
23% less capital invested
Capital invested by funds: $1.78B → $1.37B (-$407M)
33% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 36
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PIMC
Praesidium Investment Management Company
New York
|
+$35.2M |
| 2 |
Renaissance Technologies
New York
|
+$22.8M |
| 3 |
RHJA
Rice Hall James & Associates
San Diego,
California
|
+$10.7M |
| 4 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$10.4M |
| 5 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
+$10.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Man Group
London,
United Kingdom
|
-$12.3M |
| 2 |
BlackRock
New York
|
-$10M |
| 3 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$9.06M |
| 4 |
Prudential Financial
Newark,
New Jersey
|
-$7.03M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$5.9M |
PRGS Hedge Fund Activity: Q1 2020 in Review
214 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q1 2020, worth a combined $1.37B — down 23% from $1.78B a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of PRGS and 24 opened new positions — a net loss of 12 holders — while 86 trimmed existing stakes and 72 added.
The largest buyer was Praesidium Investment Management Company, opening a new position worth an estimated $35.2M. The largest seller was Man Group, cutting an estimated $12.3M.
- 214 institutional investors held Progress Software (PRGS) as of Q1 2020, down from 228 in Q4 2019.
- Funds reported $1.37B of Progress Software stock for Q1 2020, down 23% quarter-over-quarter.
- 24 funds opened new Progress Software positions in Q1 2020 and 36 closed out, a net change of -12 holders.
- The largest Progress Software buyer in Q1 2020 was Praesidium Investment Management Company, an estimated $35.2M added.
- The largest Progress Software seller in Q1 2020 was Man Group, an estimated $12.3M sold.
Based on aggregated 13F filings for Q1 2020.