Progress Software
PRGS
274 hedge funds and large institutions have $2.18B invested in Progress Software in 2022 Q4 according to their latest regulatory filings, with 44 funds opening new positions, 82 increasing their positions, 107 reducing their positions, and 18 closing their positions.
144% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 18
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
15% more capital invested
Capital invested by funds: $1.89B → $2.18B (+$287M)
9% more funds holding
Funds holding: 251 → 274 (+23)
1.84% less ownership
Funds ownership: 102.4% → 100.56% (-1.8%)
23% less repeat investments, than reductions
Existing positions increased: 82 | Existing positions reduced: 107
62% less call options, than puts
Call options by funds: $1.11M | Put options by funds: $2.96M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$19.1M |
| 2 |
N
Natixis
Paris,
France
|
+$18.4M |
| 3 |
ZCM
Ziegler Capital Management
Chicago,
Illinois
|
+$9.35M |
| 4 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$5.93M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$5.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
-$14.3M |
| 2 |
VLKIM
Van Lanschot Kempen Investment Management
Amsterdam,
Netherlands
|
-$7.14M |
| 3 |
SBH
Segall Bryant & Hamill
Chicago,
Illinois
|
-$6.02M |
| 4 |
BlackRock
New York
|
-$5.11M |
| 5 |
Allianz Asset Management
Munich,
Germany
|
-$4.85M |
PRGS Hedge Fund Activity: Q4 2022 in Review
274 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q4 2022, worth a combined $2.18B — up 15% from $1.89B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new PRGS positions and 18 closed out — a net gain of 26 holders — while 82 added to existing stakes and 107 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $19.1M. The largest seller was Victory Capital Management, cutting an estimated $14.3M.
- 274 institutional investors held Progress Software (PRGS) as of Q4 2022, up from 251 in Q3 2022.
- Funds reported $2.18B of Progress Software stock for Q4 2022, up 15% quarter-over-quarter.
- 44 funds opened new Progress Software positions in Q4 2022 and 18 closed out, a net change of +26 holders.
- The largest Progress Software buyer in Q4 2022 was Wellington Management Group, an estimated $19.1M added.
- The largest Progress Software seller in Q4 2022 was Victory Capital Management, an estimated $14.3M sold.
Based on aggregated 13F filings for Q4 2022.