Progress Software
PRGS
220 hedge funds and large institutions have $1.82B invested in Progress Software in 2021 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 71 increasing their positions, 97 reducing their positions, and 19 closing their positions.
16% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 19
1% more funds holding
Funds holding: 218 → 220 (+2)
0.72% more ownership
Funds ownership: 92.86% → 93.58% (+0.72%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less capital invested
Capital invested by funds: $1.89B → $1.82B (-$72.1M)
10% less call options, than puts
Call options by funds: $2.56M | Put options by funds: $2.85M
27% less repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 97
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$35.3M |
| 2 |
BlackRock
New York
|
+$22.3M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
+$15.1M |
| 4 |
ICOM
Investment Counselors of Maryland
Baltimore,
Maryland
|
+$9.91M |
| 5 |
Fuller & Thaler Asset Management
San Mateo,
California
|
+$4.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Renaissance Technologies
New York
|
-$16M |
| 2 |
Man Group
London,
United Kingdom
|
-$15.2M |
| 3 |
Acadian Asset Management
Boston,
Massachusetts
|
-$15.1M |
| 4 |
Prudential Financial
Newark,
New Jersey
|
-$11.2M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$10.2M |
PRGS Hedge Fund Activity: Q1 2021 in Review
220 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q1 2021, worth a combined $1.82B — down 3.8% from $1.89B a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new PRGS positions and 19 closed out — a net gain of 3 holders — while 71 added to existing stakes and 97 trimmed.
The largest buyer was Wellington Management Group, opening a new position worth an estimated $35.3M. The largest seller was Renaissance Technologies, cutting an estimated $16M.
- 220 institutional investors held Progress Software (PRGS) as of Q1 2021, up from 218 in Q4 2020.
- Funds reported $1.82B of Progress Software stock for Q1 2021, down 3.8% quarter-over-quarter.
- 22 funds opened new Progress Software positions in Q1 2021 and 19 closed out, a net change of +3 holders.
- The largest Progress Software buyer in Q1 2021 was Wellington Management Group, an estimated $35.3M added.
- The largest Progress Software seller in Q1 2021 was Renaissance Technologies, an estimated $16M sold.
Based on aggregated 13F filings for Q1 2021.