PROG Holdings

PRG • NYSE

PROG Holdings is a rental & leasing services company in the industrials sector on NYSE, led by Steven A. Michaels, with a market cap of $1.2B. As of Q3 2025, 99% of shares are held by 269 institutional investors, with BlackRock, Inc. as the largest holder at 14.98%.

Chief Executive Officer of PROG Holdings, Inc.Steven A. Michaels

Market Cap$1.2B

Rental & Leasing Services

Industrials

Employees1.6K

Websiteprogholdings.com

Country

United States of America

Overview

Overview of institutional ownership in PRG as of Q3 2025 with a market cap of $1.3B

All Institutions

Institutions: 269
Value Held: $1.3B
Shares Held: 39.2M
Avg Position: $4.7M
Median Position: $587.1K

Hedge Funds

Hedge Funds: 36
Value Held: $131.9M
Shares Held: 4.1M
Avg Position: $3.7M
Median Position: $1.7M

Ownership Breakdown

Institutional (non-HF)

88.83%

$1.1B

Hedge Funds

10.3%

$131.9M

Retail & Other

0.869%

$11.1M

Based on market cap of $1.3B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in PRG as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$191.6M 0.00% of portfolio	14.98% 5.9M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$150.8M 0.00% of portfolio	11.79% 4.7M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$51.5M 0.00% of portfolio	4.02% 1.6M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
FMR LLC Institution	-	$42.4M 0.00% of portfolio	3.31% 1.3M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$42.1M 0.01% of portfolio	3.29% 1.3M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
A Allianz Asset Management AG Institution	-	$38.4M 0.05% of portfolio	3.00% 1.2M shares	Q2 2022 Held for 3y 5m	$80.9B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$36.7M 0.00% of portfolio	2.87% 1.1M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$30.7M 0.00% of portfolio	2.40% 949.6K shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
D D. E. Shaw & Co., Inc. Institution	-	$30.0M 0.03% of portfolio	2.34% 926.2K shares	≤ Q2 2013 Held for 12y 5m+	$115.81B
L LSV ASSET MANAGEMENT Long Only Manager	Josef Nmn Lakonishok CEO	$27.3M 0.06% of portfolio	2.13% 842.3K shares	Q4 2015 Held for 9y 11m	$45.1B

Net Capital Flow

Institutional buying and selling activity for PRG in Q3 2025

Traded: +$48.8M
Buyers: 146
Sellers: 115
Total Bought: +$145.6M
Total Sold: −$96.8M
Avg Position: $4.3M

Biggest Buyers

Institution	Net Bought	Current Position
FIRST TRUST ADVISORS LP ETF Provider	+$18.6M +575.3K shares	$22.7M 702.8K shares
L LSV ASSET MANAGEMENT Long Only Manager	+$17.2M +532.6K shares	$27.3M 842.3K shares
UBS Group AG Institution	+$13.5M +416.7K shares	$26.7M 823.7K shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	+$11.7M +360.3K shares	$12.8M 394.4K shares
Whetstone Capital Advisors, LLC Hedge Fund•Long/Short	+$8.7M +267.6K shares	$8.7M 267.6K shares
A Allianz Asset Management AG Institution	+$6.1M +188.8K shares	$38.4M 1.2M shares
Portolan Capital Management, LLC Hedge Fund•Long/Short	+$4.9M +150.2K shares	$4.9M 150.2K shares
A Assenagon Asset Management S.A. Institution	+$4.4M +137.5K shares	$11.3M 348.4K shares
Bridgewater Associates, LP Hedge Fund•Global Macro	+$3.9M +119.2K shares	$3.9M 119.2K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$3.6M +112.2K shares	$6.5M 201.7K shares

Biggest Sellers

Institution	Net Sold	Current Position
BARCLAYS PLC Institution	−$7.2M −223.4K shares	$2.1M 66.4K shares
FMR LLC Institution	−$6.5M −201.2K shares	$42.4M 1.3M shares
VANGUARD GROUP INC Institution	−$6.2M −192.9K shares	$150.8M 4.7M shares
D D. E. Shaw & Co., Inc. Institution	−$5.7M −176.4K shares	$30.0M 926.2K shares
B BlackRock, Inc. Institution	−$5.6M −173.7K shares	$191.6M 5.9M shares
BREACH INLET CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	−$5.4M −165.9K shares	$20.2M 623.4K shares
T TEXAS PERMANENT SCHOOL FUND Institution	−$4.8M −161.9K shares	Sold Off 0 shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	−$4.4M −134.7K shares	$26.3M 813.3K shares
Trexquant Investment LP Hedge Fund•Quant	−$3.2M −100.4K shares	$4.2M 130.7K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$2.8M −86.0K shares	$3.5M 108.5K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited PRG in Q3 2025

New Positions: 10
New Value: $11.8M
Exited Positions: 24
Exited Value: $13.2M

New Positions

Institution	Position Value
Whetstone Capital Advisors, LLC Hedge Fund•Long/Short	$8.7M 267.6K shares
CBOE Vest Financial, LLC ETF Provider	$1.3M 40.5K shares
Morningstar Investment Management LLC Long Only Manager	$1.3M 40.4K shares
Cetera Investment Advisers RIA/Wealth	$253.7K 7.8K shares
ISAM Funds Ltd Hedge Fund•Quant	$209.1K 6.5K shares
S Salomon & Ludwin, LLC Institution	$11.2K 350.0 shares
O Optiver Holding B.V. Institution	$3.7K 114.0 shares
JPL Wealth Management, LLC RIA/Wealth	$1.9K 60.0 shares
Sontag Advisory, LLC RIA/Wealth	$356.0 11.0 shares
ATWOOD & PALMER INC RIA/Wealth	$7.0 0.2 shares

Exited Positions

Institution	Previous Position
T TEXAS PERMANENT SCHOOL FUND Institution	$4.8M 161.9K shares
JUPITER ASSET MANAGEMENT LTD Long Only Manager	$2.0M 67.3K shares
B Bryce Point Capital, LLC Hedge Fund•Market Neutral	$812.7K 27.7K shares
S STRS OHIO Institution	$572.3K 19.5K shares
S Squarepoint Ops LLC Hedge Fund•Quant	$495.2K 16.9K shares
OPPENHEIMER & CO INC RIA/Wealth	$448.1K 15.3K shares
Q Qube Research & Technologies Ltd Institution	$439.1K 15.0K shares
Centiva Capital, LP Hedge Fund•Multi-Strategy	$386.5K 13.2K shares
P Polymer Capital Management LLC Hedge Fund•Multi-Strategy	$375.9K 12.8K shares
B Brevan Howard Capital Management LP Institution	$375.7K 12.8K shares

Options Activity

Institutions with the largest Call and Put options positions in PRG as of Q3 2025

Call Positions: 3
Call Value: $1.5M
Put Positions: 2
Put Value: $779.9K

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$851.1K 263.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$627.8K 194.0 contracts
J JANE STREET GROUP, LLC Institution	- - contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$446.6K 138.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$333.3K 103.0 contracts

Most Committed Institutions

Institutions with PRG as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
BREACH INLET CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	Christopher Dennis Colvin Managing Partner	9.96% $20.2M	1.58% 623.4K shares	Q4 2023 Held for 1y 11m	$202.5M
R Rip Road Capital Partners LP Hedge Fund•Long/Short	Dennis Gerard Goldstein CIO	5.12% $4.8M	0.37% 147.1K shares	Q4 2019 Held for 5y 11m	$92.9M
Whetstone Capital Advisors, LLC Hedge Fund•Long/Short	David Alan Atterbury President	2.40% $8.7M	0.68% 267.6K shares	Q3 2025 Held for 2 months	$361.1M
Dean Capital Management Long Only Manager	Jessica Lynn Skinner CCO	0.98% $2.5M	0.20% 77.4K shares	Q1 2024 Held for 1y 8m	$256.5M
PALISADE CAPITAL MANAGEMENT LLC/NJ Long Only Manager	Alison Anne Berman CEO	0.62% $20.2M	1.58% 625.5K shares	Q2 2016 Held for 9y 5m	$3.3B
Cambria Investment Management, L.P. ETF Provider	Mebane Thadley Faber CEO	0.54% $9.4M	0.73% 289.4K shares	Q2 2023 Held for 2y 5m	$1.7B
DEAN INVESTMENT ASSOCIATES, LLC Long Only Manager	Stephen Michael Miller CEO	0.43% $3.0M	0.24% 93.8K shares	Q1 2024 Held for 1y 8m	$713.0M
K Keebeck Alpha, LP Hedge Fund	Thong Huy Nguyen CIO	0.36% $259.5K	0.02% 8.0K shares	Q2 2024 Held for 1y 5m	$71.9M
Vulcan Value Partners, LLC Long Only Manager	Jeffrey Thomas Stdenis CEO	0.35% $19.5M	1.52% 602.9K shares	Q4 2020 Held for 4y 11m	$5.5B
DENALI ADVISORS LLC Long Only Manager	Robert Guenther Snigaroff CIO	0.30% $2.7M	0.21% 83.0K shares	Q3 2025 Held for 2 months	$885.1M

Hedge Fund Spotlight

Discover hedge funds investing in PRG

TWO SIGMA ADVISERS, LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerScott David Hoffman

Portfolio Value: $50.0B
Positions: 2,312
Last Reported: Q3 2025

Sector Allocation

Position in PROG Holdings

Market Value: $3.3M
Shares Held: 102.2K
Portfolio Weight: 0.01%
Owned Since: 2022-Q2

Top Holding	Sector	Market Value	Weight
1 Nvidia NVDA	Semiconductors Technology	$1.5B	3.07%
2 Microsoft MSFT	Software - Infrastructure Technology	$1.5B	3.03%
3 Apple AAPL	Consumer Electronics Technology	$1.4B	2.79%