Progress Software
PRGS
289 hedge funds and large institutions have $2.6B invested in Progress Software in 2023 Q2 according to their latest regulatory filings, with 41 funds opening new positions, 89 increasing their positions, 116 reducing their positions, and 35 closing their positions.
17% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 35
2% more funds holding
Funds holding: 284 → 289 (+5)
3% less capital invested
Capital invested by funds: $2.67B → $2.6B (-$72.6M)
4.37% less ownership
Funds ownership: 107.71% → 103.34% (-4.4%)
23% less repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 116
51% less call options, than puts
Call options by funds: $1.51M | Put options by funds: $3.07M
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
+$44.2M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$10.4M |
| 3 |
Two Sigma Investments
New York
|
+$8.89M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$6.4M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$6.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SBH
Segall Bryant & Hamill
Chicago,
Illinois
|
-$49.8M |
| 2 |
MMA
Mizuho Markets Americas
New York
|
-$23.9M |
| 3 |
MMC
Mizuho Markets Cayman
Grand Cayman,
Cayman Islands
|
-$23.9M |
| 4 |
PIM
Paradice Investment Management
Denver,
Colorado
|
-$19M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
-$18.8M |
PRGS Hedge Fund Activity: Q2 2023 in Review
289 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q2 2023, worth a combined $2.6B — down 2.7% from $2.67B a quarter earlier.
Buyers outnumbered sellers: 41 funds opened new PRGS positions and 35 closed out — a net gain of 6 holders — while 89 added to existing stakes and 116 trimmed.
The largest buyer was Macquarie Group, opening a new position worth an estimated $44.2M. The largest seller was Segall Bryant & Hamill, cutting an estimated $49.8M.
- 289 institutional investors held Progress Software (PRGS) as of Q2 2023, up from 284 in Q1 2023.
- Funds reported $2.6B of Progress Software stock for Q2 2023, down 2.7% quarter-over-quarter.
- 41 funds opened new Progress Software positions in Q2 2023 and 35 closed out, a net change of +6 holders.
- The largest Progress Software buyer in Q2 2023 was Macquarie Group, an estimated $44.2M added.
- The largest Progress Software seller in Q2 2023 was Segall Bryant & Hamill, an estimated $49.8M sold.
Based on aggregated 13F filings for Q2 2023.