Progress Software
PRGS
218 hedge funds and large institutions have $1.58B invested in Progress Software in 2020 Q3 according to their latest regulatory filings, with 21 funds opening new positions, 93 increasing their positions, 69 reducing their positions, and 27 closing their positions.
35% more repeat investments, than reductions
Existing positions increased: 93 | Existing positions reduced: 69
0.76% more ownership
Funds ownership: 94.87% → 95.63% (+0.76%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less capital invested
Capital invested by funds: $1.65B → $1.58B (-$67.5M)
4% less funds holding
Funds holding: 226 → 218 (-8)
22% less first-time investments, than exits
New positions opened: 21 | Existing positions closed: 27
48% less call options, than puts
Call options by funds: $6.01M | Put options by funds: $11.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Assenagon Asset Management
Senningerberg,
Luxembourg
|
+$21M |
| 2 |
SBH
Segall Bryant & Hamill
Chicago,
Illinois
|
+$20M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$9.07M |
| 4 |
Man Group
London,
United Kingdom
|
+$8.02M |
| 5 |
JAM
Jupiter Asset Management
London,
United Kingdom
|
+$7.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PIMC
Praesidium Investment Management Company
New York
|
-$32.2M |
| 2 |
Fisher Asset Management
Camas,
Washington
|
-$26.3M |
| 3 |
Millennium Management
New York
|
-$10.3M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
-$6.93M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
-$5.49M |
PRGS Hedge Fund Activity: Q3 2020 in Review
218 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q3 2020, worth a combined $1.58B — down 4.1% from $1.65B a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of PRGS and 21 opened new positions — a net loss of 6 holders — while 69 trimmed existing stakes and 93 added.
The largest buyer was Assenagon Asset Management, adding an estimated $21M. The largest seller was Praesidium Investment Management Company, exiting entirely with an estimated $32.2M sold.
- 218 institutional investors held Progress Software (PRGS) as of Q3 2020, down from 226 in Q2 2020.
- Funds reported $1.58B of Progress Software stock for Q3 2020, down 4.1% quarter-over-quarter.
- 21 funds opened new Progress Software positions in Q3 2020 and 27 closed out, a net change of -6 holders.
- The largest Progress Software buyer in Q3 2020 was Assenagon Asset Management, an estimated $21M added.
- The largest Progress Software seller in Q3 2020 was Praesidium Investment Management Company, an estimated $32.2M sold.
Based on aggregated 13F filings for Q3 2020.