Progress Software

PRGS • NASDAQ

Progress Software is a software - application company in the technology sector on NASDAQ, led by Yogesh Gupta, with a market cap of $1.9B. As of Q3 2025, 111% of shares are held by 301 institutional investors, with BlackRock, Inc. as the largest holder at 16.02%.

CEOYogesh Gupta

Market Cap$1.9B

Software - Application

Technology

Employees2.3K

Websiteprogress.com

Country

United States of America

Overview

Overview of institutional ownership in PRGS as of Q3 2025 with a market cap of $1.9B

All Institutions

Institutions: 301
Value Held: $2.1B
Shares Held: 47.7M
Avg Position: $7.0M
Median Position: $600.5K

Hedge Funds

Hedge Funds: 35
Value Held: $124.7M
Shares Held: 2.8M
Avg Position: $3.6M
Median Position: $865.4K

Ownership Breakdown

Institutional (non-HF)

104.58%

$2.0B

Hedge Funds

6.62%

$124.7M

Retail & Other

Based on market cap of $1.9B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in PRGS as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$302.0M 0.01% of portfolio	16.02% 6.9M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$250.6M 0.00% of portfolio	13.29% 5.7M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BTIM Corp. Institution	-	$85.7M 0.63% of portfolio	4.55% 2.0M shares	Q1 2019 Held for 6y 8m	$13.6B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$78.7M 0.00% of portfolio	4.17% 1.8M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Edmund Wellington Iii President	$59.2M 0.01% of portfolio	3.14% 1.3M shares	Q1 2021 Held for 4y 8m	$571.21B
Allspring Global Investments Holdings, LLC Long Only Manager	Francis Jon Baranko President	$53.3M 0.09% of portfolio	2.75% 1.2M shares	Q4 2021 Held for 3y 11m	$61.5B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	Gerard Kieran O'Reilly CEO	$50.0M 0.01% of portfolio	2.66% 1.1M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$47.2M 0.00% of portfolio	2.51% 1.1M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
SYSTEMATIC FINANCIAL MANAGEMENT LP Long Only Manager	Kenneth Burgess CIO	$40.2M 0.98% of portfolio	2.13% 914.8K shares	Q1 2020 Held for 5y 8m	$4.1B
M MANUFACTURERES LIFE INSURANCE CO Institution	-	$39.8M 0.03% of portfolio	2.11% 906.4K shares	≤ Q2 2013 Held for 12y 5m+	$120.17B

Net Capital Flow

Institutional buying and selling activity for PRGS in Q3 2025

Net Flow: −$155.0M
Buyers: 110
Sellers: 191
Total Bought: +$222.3M
Total Sold: −$377.3M
Avg Position: $6.0M

Biggest Buyers

Institution	Net Bought	Current Position
A AMERICAN CENTURY COMPANIES INC Institution	+$24.2M +550.1K shares	$28.5M 648.8K shares
Q Qube Research & Technologies Ltd Institution	+$16.3M +371.6K shares	$16.3M 371.6K shares
Marshall Wace LLP Institution	+$13.8M +314.5K shares	$15.7M 357.4K shares
DIAMOND HILL CAPITAL MANAGEMENT INC Long Only Manager	+$12.1M +275.2K shares	$20.4M 464.6K shares
SYSTEMATIC FINANCIAL MANAGEMENT LP Long Only Manager	+$11.9M +270.8K shares	$40.2M 914.8K shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$11.5M +262.5K shares	$59.2M 1.3M shares
Allspring Global Investments Holdings, LLC Long Only Manager	+$11.0M +244.0K shares	$53.3M 1.2M shares
L LSV ASSET MANAGEMENT Long Only Manager	+$10.3M +234.1K shares	$15.9M 362.0K shares
M MANUFACTURERES LIFE INSURANCE CO Institution	+$10.1M +230.5K shares	$39.8M 906.4K shares
N NOMURA HOLDINGS INC Institution	+$9.8M +223.8K shares	$11.9M 269.9K shares

Biggest Sellers

Institution	Net Sold	Current Position
SEIZERT CAPITAL PARTNERS, LLC Long Only Manager	−$39.5M −619.3K shares	Sold Off 0 shares
M MIZUHO MARKETS AMERICAS LLC Institution	−$21.0M −477.9K shares	$12.7M 290.1K shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	−$19.2M −437.6K shares	$19.0M 431.5K shares
MORGAN STANLEY RIA/Wealth	−$15.5M −352.1K shares	$21.7M 494.4K shares
Paradice Investment Management LLC Long Only Manager	−$15.2M −238.1K shares	Sold Off 0 shares
LEUCADIA NATIONAL CORP Institution	−$14.8M −337.5K shares	$9.8M 223.6K shares
GOLDMAN SACHS GROUP INC Institution	−$13.2M −300.7K shares	$18.9M 430.2K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	−$13.2M −206.1K shares	Sold Off 0 shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	−$12.5M −283.7K shares	$2.5M 57.0K shares
D DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Institution	−$11.4M −260.2K shares	$50.6K 1.2K shares

Entry and Exit Activity

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

New Positions: 20
New Value: $6.3M
Exited Positions: 73
Exited Value: $137.0M

New Positions

Institution	Position Value
GANNETT WELSH & KOTLER Long Only Manager	$2.6M 59.5K shares
B Brevan Howard Capital Management LP Institution	$1.5M 33.2K shares
PIER 88 INVESTMENT PARTNERS LLC Hedge Fund•Long/Short	$600.5K 13.7K shares
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	$467.3K 10.6K shares
BOOTHBAY FUND MANAGEMENT, LLC Fund of Funds	$330.8K 7.5K shares
A AXQ CAPITAL, LP Hedge Fund•Market Neutral	$296.4K 6.7K shares
D DRW Securities, LLC Institution	$251.4K 5.7K shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC RIA/Wealth	$221.6K 4.7K shares
FIRST HORIZON NATIONAL CORP RIA/Wealth	$13.2K 301.0 shares
Nova Wealth Management, Inc. RIA/Wealth	$4.4K 100.0 shares

Exited Positions

Institution	Previous Position
SEIZERT CAPITAL PARTNERS, LLC Long Only Manager	$39.5M 619.3K shares
Paradice Investment Management LLC Long Only Manager	$15.2M 238.1K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$13.2M 206.1K shares
C Cubist Systematic Strategies, LLC Institution	$9.3M 146.3K shares
A ALPS ADVISORS INC ETF Provider	$6.6M 103.2K shares
Clark Capital Management Group, Inc. RIA/Wealth	$6.6M 103.1K shares
P PineBridge Investments Ltd Institution	$6.5M 101.2K shares
F Fieldview Capital Management, LLC Hedge Fund•Long/Short	$3.6M 56.2K shares
L LPL Financial LLC Institution	$3.3M 52.0K shares
GLOBEFLEX CAPITAL L P Long Only Manager	$3.1M 48.0K shares

Options Activity

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

Call Positions: 14
Call Value: $64.6M
Put Positions: 17
Put Value: $82.4M

Call Positions

Institution	Position Value
CITIGROUP INC Institution	$19.8M 4.5K contracts
LEUCADIA NATIONAL CORP Institution	$15.2M 3.5K contracts
J JANE STREET GROUP, LLC Institution	$7.2M 1.6K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$6.1M 1.4K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$5.6M 1.3K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$3.5M 807.0 contracts
W WOLVERINE TRADING, LLC Institution	$2.3M 549.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$1.3M 307.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$1.1M 244.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$632.6K 144.0 contracts

Put Positions

Institution	Position Value
LEUCADIA NATIONAL CORP Institution	$50.5M 11.5K contracts
DLD Asset Management, LP Hedge Fund•Multi-Strategy	$9.9M 2.3K contracts
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$7.8M 1.8K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$3.1M 708.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$3.0M 679.0 contracts
M MIZUHO MARKETS AMERICAS LLC Institution	$2.0M 2.9K contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$1.7M 391.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$1.7M 379.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$724.8K 165.0 contracts
Walleye Trading LLC RIA/Wealth	$571.1K 130.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
DLD Asset Management, LP Hedge Fund•Multi-Strategy	Mark Lawrence Friedman CIO	5.02% $35.2M	1.87% 801.2K shares	Q2 2025 Held for 5 months	$700.9M
Heron Bay Capital Management RIA/Wealth	Paul Clark Seizert Managing Partner	2.09% $11.2M	0.59% 254.3K shares	Q4 2020 Held for 4y 11m	$535.8M
O OAKTOP CAPITAL MANAGEMENT II, L.P. Institution	-	2.02% $22.3M	1.19% 508.6K shares	≤ Q2 2013 Held for 12y 5m+	$1.1B
Q QSV Equity Investors LLC Institution	-	1.61% $1.6M	0.08% 35.9K shares	Q4 2023 Held for 1y 11m	$97.9M
SYSTEMATIC FINANCIAL MANAGEMENT LP Long Only Manager	Kenneth Burgess CIO	0.98% $40.2M	2.13% 914.8K shares	Q1 2020 Held for 5y 8m	$4.1B
DELPHI MANAGEMENT INC /MA/ Long Only Manager	Scott Myles Black President	0.93% $935.5K	0.05% 21.3K shares	Q1 2024 Held for 1y 8m	$100.5M
R RICE HALL JAMES & ASSOCIATES, LLC Long Only Manager	Thomas W Mcdowell Chairman	0.81% $14.9M	0.79% 338.9K shares	Q1 2020 Held for 5y 8m	$1.8B
PIER 88 INVESTMENT PARTNERS LLC Hedge Fund•Long/Short	Francis Thomas Timons CEO	0.64% $600.5K	0.03% 13.7K shares	Q3 2025 Held for 2 months	$94.4M
B BTIM Corp. Institution	-	0.63% $85.7M	4.55% 2.0M shares	Q1 2019 Held for 6y 8m	$13.6B
SEGALL BRYANT & HAMILL Long Only Manager	Carolyn B Goldhaber President	0.38% $28.3M	1.50% 643.1K shares	Q1 2017 Held for 8y 8m	$7.5B

Hedge Fund Spotlight

Discover hedge funds investing in PRGS

Trexquant Investment LP

Hedge Fund • Quant

Portfolio ManagerTaesoon (Tyger) Park

Portfolio Value: $9.7B
Positions: 1,540
Last Reported: Q3 2025

Sector Allocation

Position in Progress Software

Market Value: $1.9M
Shares Held: 42.2K
Portfolio Weight: 0.02%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
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2 Microsoft MSFT	Software - Infrastructure Technology	$138.5M	1.43%
3 Costco Wholesale COST	Discount Stores Consumer Defensive	$122.3M	1.26%