Progress Software
PRGS
291 hedge funds and large institutions have $2.36B invested in Progress Software in 2023 Q3 according to their latest regulatory filings, with 39 funds opening new positions, 94 increasing their positions, 117 reducing their positions, and 35 closing their positions.
11% more first-time investments, than exits
New positions opened: 39 | Existing positions closed: 35
1% more funds holding
Funds holding: 289 → 291 (+2)
0.22% more ownership
Funds ownership: 103.34% → 103.56% (+0.22%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
9% less capital invested
Capital invested by funds: $2.6B → $2.36B (-$236M)
20% less repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 117
63% less call options, than puts
Call options by funds: $2.28M | Put options by funds: $6.15M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MMA
Mizuho Markets Americas
New York
|
+$30.9M |
| 2 |
Diamond Hill Capital Management
Columbus,
Ohio
|
+$20.9M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$19.3M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$7.21M |
| 5 |
JFG
Jefferies Financial Group
New York
|
+$5.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SBH
Segall Bryant & Hamill
Chicago,
Illinois
|
-$24M |
| 2 |
Bank of New York Mellon
New York
|
-$11.1M |
| 3 |
PIM
Paradice Investment Management
Denver,
Colorado
|
-$10.3M |
| 4 |
SCP
Seizert Capital Partners
Birmingham,
Michigan
|
-$6.79M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$6.25M |
PRGS Hedge Fund Activity: Q3 2023 in Review
291 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q3 2023, worth a combined $2.36B — down 9.1% from $2.6B a quarter earlier.
Buyers outnumbered sellers: 39 funds opened new PRGS positions and 35 closed out — a net gain of 4 holders — while 94 added to existing stakes and 117 trimmed.
The largest buyer was Mizuho Markets Americas, opening a new position worth an estimated $30.9M. The largest seller was Segall Bryant & Hamill, cutting an estimated $24M.
- 291 institutional investors held Progress Software (PRGS) as of Q3 2023, up from 289 in Q2 2023.
- Funds reported $2.36B of Progress Software stock for Q3 2023, down 9.1% quarter-over-quarter.
- 39 funds opened new Progress Software positions in Q3 2023 and 35 closed out, a net change of +4 holders.
- The largest Progress Software buyer in Q3 2023 was Mizuho Markets Americas, an estimated $30.9M added.
- The largest Progress Software seller in Q3 2023 was Segall Bryant & Hamill, an estimated $24M sold.
Based on aggregated 13F filings for Q3 2023.