Progress Software
PRGS
226 hedge funds and large institutions have $1.65B invested in Progress Software in 2020 Q2 according to their latest regulatory filings, with 36 funds opening new positions, 67 increasing their positions, 94 reducing their positions, and 23 closing their positions.
57% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 23
20% more capital invested
Capital invested by funds: $1.37B → $1.65B (+$276M)
6% more funds holding
Funds holding: 214 → 226 (+12)
5% more call options, than puts
Call options by funds: $5.13M | Put options by funds: $4.87M
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.3% less ownership
Funds ownership: 95.15% → 94.85% (-0.3%)
29% less repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 94
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$11.1M |
| 2 |
BlackRock
New York
|
+$8.6M |
| 3 |
BTW
Boston Trust Walden
Boston,
Massachusetts
|
+$7.06M |
| 4 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$6.78M |
| 5 |
Renaissance Technologies
New York
|
+$6.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northern Trust
Chicago,
Illinois
|
-$10.9M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$9.73M |
| 3 |
JP Morgan Chase
New York
|
-$9.59M |
| 4 |
Prudential Financial
Newark,
New Jersey
|
-$7.82M |
| 5 |
Goldman Sachs
New York
|
-$6.38M |
PRGS Hedge Fund Activity: Q2 2020 in Review
226 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q2 2020, worth a combined $1.65B — up 20% from $1.37B a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new PRGS positions and 23 closed out — a net gain of 13 holders — while 67 added to existing stakes and 94 trimmed.
The largest buyer was Invesco, adding an estimated $11.1M. The largest seller was Northern Trust, cutting an estimated $10.9M.
- 226 institutional investors held Progress Software (PRGS) as of Q2 2020, up from 214 in Q1 2020.
- Funds reported $1.65B of Progress Software stock for Q2 2020, up 20% quarter-over-quarter.
- 36 funds opened new Progress Software positions in Q2 2020 and 23 closed out, a net change of +13 holders.
- The largest Progress Software buyer in Q2 2020 was Invesco, an estimated $11.1M added.
- The largest Progress Software seller in Q2 2020 was Northern Trust, an estimated $10.9M sold.
Based on aggregated 13F filings for Q2 2020.