Progress Software
PRGS
252 hedge funds and large institutions have $2.16B invested in Progress Software in 2021 Q3 according to their latest regulatory filings, with 41 funds opening new positions, 91 increasing their positions, 81 reducing their positions, and 14 closing their positions.
193% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 14
12% more repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 81
12% more funds holding
Funds holding: 226 → 252 (+26)
5% more capital invested
Capital invested by funds: $2.06B → $2.16B (+$107M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.63% less ownership
Funds ownership: 101.09% → 100.46% (-0.63%)
17% less call options, than puts
Call options by funds: $3.82M | Put options by funds: $4.58M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair Investment Management
Chicago,
Illinois
|
+$48.4M |
| 2 |
BlackRock
New York
|
+$26.1M |
| 3 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
+$11.6M |
| 4 |
VLKIM
Van Lanschot Kempen Investment Management
Amsterdam,
Netherlands
|
+$11.2M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
+$6.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JG
Jefferies Group
New York
|
-$36.2M |
| 2 |
SOMRS
State of Michigan Retirement System
Lansing,
Michigan
|
-$27M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
-$12.3M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$10.7M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
-$7.58M |
PRGS Hedge Fund Activity: Q3 2021 in Review
252 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q3 2021, worth a combined $2.16B — up 5.2% from $2.06B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new PRGS positions and 14 closed out — a net gain of 27 holders — while 91 added to existing stakes and 81 trimmed.
The largest buyer was William Blair Investment Management, adding an estimated $48.4M. The largest seller was Jefferies Group, cutting an estimated $36.2M.
- 252 institutional investors held Progress Software (PRGS) as of Q3 2021, up from 226 in Q2 2021.
- Funds reported $2.16B of Progress Software stock for Q3 2021, up 5.2% quarter-over-quarter.
- 41 funds opened new Progress Software positions in Q3 2021 and 14 closed out, a net change of +27 holders.
- The largest Progress Software buyer in Q3 2021 was William Blair Investment Management, an estimated $48.4M added.
- The largest Progress Software seller in Q3 2021 was Jefferies Group, an estimated $36.2M sold.
Based on aggregated 13F filings for Q3 2021.