Progress Software
PRGS
250 hedge funds and large institutions have $2.06B invested in Progress Software in 2022 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 89 increasing their positions, 99 reducing their positions, and 35 closing their positions.
14% more call options, than puts
Call options by funds: $960K | Put options by funds: $843K
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0.36% less ownership
Funds ownership: 99.47% → 99.11% (-0.36%)
1% less capital invested
Capital invested by funds: $2.08B → $2.06B (-$20.8M)
3% less funds holding
Funds holding: 258 → 250 (-8)
10% less repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 99
14% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 35
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PIM
Paradice Investment Management
Denver,
Colorado
|
+$42M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$11.3M |
| 3 |
VLKIM
Van Lanschot Kempen Investment Management
Amsterdam,
Netherlands
|
+$7.37M |
| 4 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
+$6.53M |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$6.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Man Group
London,
United Kingdom
|
-$15.4M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$11.3M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$7.59M |
| 4 |
FP
Foundry Partners
Minneapolis,
Minnesota
|
-$4.7M |
| 5 |
First Trust Advisors
Wheaton,
Illinois
|
-$4.56M |
PRGS Hedge Fund Activity: Q1 2022 in Review
250 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q1 2022, worth a combined $2.06B — down 1% from $2.08B a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of PRGS and 30 opened new positions — a net loss of 5 holders — while 99 trimmed existing stakes and 89 added.
The largest buyer was Paradice Investment Management, opening a new position worth an estimated $42M. The largest seller was Man Group, cutting an estimated $15.4M.
- 250 institutional investors held Progress Software (PRGS) as of Q1 2022, down from 258 in Q4 2021.
- Funds reported $2.06B of Progress Software stock for Q1 2022, down 1% quarter-over-quarter.
- 30 funds opened new Progress Software positions in Q1 2022 and 35 closed out, a net change of -5 holders.
- The largest Progress Software buyer in Q1 2022 was Paradice Investment Management, an estimated $42M added.
- The largest Progress Software seller in Q1 2022 was Man Group, an estimated $15.4M sold.
Based on aggregated 13F filings for Q1 2022.