Progress Software
PRGS
305 hedge funds and large institutions have $2.55B invested in Progress Software in 2024 Q2 according to their latest regulatory filings, with 50 funds opening new positions, 103 increasing their positions, 107 reducing their positions, and 43 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
16% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 43
2.61% more ownership
Funds ownership: 106.05% → 108.67% (+2.6%)
5% more call options, than puts
Call options by funds: $17.4M | Put options by funds: $16.5M
3% more capital invested
Capital invested by funds: $2.48B → $2.55B (+$67.6M)
1% more funds holding
Funds holding: 302 → 305 (+3)
4% less repeat investments, than reductions
Existing positions increased: 103 | Existing positions reduced: 107
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$16.4M |
| 2 |
Swedbank
Stockholm,
Sweden
|
+$14.2M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$12.8M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$11.2M |
| 5 |
Millennium Management
New York
|
+$10.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$18.3M |
| 2 |
BlackRock
New York
|
-$14.3M |
| 3 |
Two Sigma Investments
New York
|
-$6.69M |
| 4 |
Nomura Holdings
Tokyo,
Japan
|
-$6.5M |
| 5 |
N
Natixis
Paris,
France
|
-$5.85M |
PRGS Hedge Fund Activity: Q2 2024 in Review
305 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in Progress Software (PRGS) for Q2 2024, worth a combined $2.55B — up 2.7% from $2.48B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new PRGS positions and 43 closed out — a net gain of 7 holders — while 103 added to existing stakes and 107 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $16.4M. The largest seller was Morgan Stanley, cutting an estimated $18.3M.
- 305 institutional investors held Progress Software (PRGS) as of Q2 2024, up from 302 in Q1 2024.
- Funds reported $2.55B of Progress Software stock for Q2 2024, up 2.7% quarter-over-quarter.
- 50 funds opened new Progress Software positions in Q2 2024 and 43 closed out, a net change of +7 holders.
- The largest Progress Software buyer in Q2 2024 was JP Morgan Chase, an estimated $16.4M added.
- The largest Progress Software seller in Q2 2024 was Morgan Stanley, an estimated $18.3M sold.
Based on aggregated 13F filings for Q2 2024.