Vault-13

PROGRESS SOFTWARE CORP PRGS 1 04.15.26

NOTE 1.000% 4/1 · US DOMESTIC · CUSIP 743312AB6

43 institutional holders -2 vs Q1 2024
22,572,59722.6m shares reported held*
$585.2mreported value*
3 new 6 added 12 reduced 5 sold out net sold ≈ $1.2m (-1.7m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($2.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $26.05.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 45Q4 22: 44Q1 23: 50Q2 23: 46Q3 23: 42Q4 23: 44Q1 24: 45Q2 24: 4343Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202245
Q4 202244
Q1 202350
Q2 202346
Q3 202342
Q4 202344
Q1 202445
Q2 202443

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 22: 15 bought or addedQ4 22: 16 cut or sold outQ4 22Q1 23: 24 bought or addedQ1 23: 17 cut or sold outQ2 23: 23 bought or addedQ2 23: 19 cut or sold outQ2 23Q3 23: 19 bought or addedQ3 23: 18 cut or sold outQ4 23: 16 bought or addedQ4 23: 18 cut or sold outQ4 23Q1 24: 25 bought or addedQ1 24: 19 cut or sold outQ2 24: 9 bought or addedQ2 24: 17 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20221516
Q1 20232417
Q2 20232319
Q3 20231918
Q4 20231618
Q1 20242519
Q2 2024917

Biggest buyers

STEELHEAD PARTNERS LLC New +27,500,000+27.5m
DeepCurrents Investment Group LLC New +9,000,000+9.0m
III Capital Management Added +6,710,000+6.7m
BlackRock Inc. Added +3,425,000+3.4m
BANK OF MONTREAL /CAN/ Added +3,000,000+3.0m
Verition Fund Management LLC New +2,708,000+2.7m
Daiwa Securities Group Inc. Added +2,569,000+2.6m
Boussard & Gavaudan Investment Management LLP Added +2,008+2.0k
NOMURA HOLDINGS INC Added +254+254

Biggest sellers

Polar Asset Management Partners Inc. Reduced -20,000,000-20.0m
JPMORGAN CHASE & CO Reduced -9,430,000-9.4m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -5,000,000-5.0m
BARCLAYS PLC Reduced -3,512,000-3.5m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -2,911,000-2.9m
Man Group plc Reduced -2,685,000-2.7m
BNP PARIBAS FINANCIAL MARKETS Reduced -2,612,000-2.6m
Tetragon Partners GP Ltd Sold out -2,500,000-2.5m
FMR LLC Reduced -2,357,000-2.4m
STATE STREET CORP Reduced -1,800,000-1.8m

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WOLVERINE ASSET MANAGEMENT LLC 0.75% of their portfolio CHICAGO, IL 38,295,00038.3m $40.1m $40.1m 0.75% Unchanged
2 III Capital Management 1.83% of their portfolio BOCA RATON, FL 31,560,00031.6m $33.1m $33.1m 1.83% Added +6.7m +6,710,000
3 Aequim Alternative Investments LP 1.15% of their portfolio MILL VALLEY, CA 30,000,00030.0m $31.6m $31.6m 1.15% Unchanged
4 STEELHEAD PARTNERS LLC 1.50% of their portfolio SEATTLE, WA 27,500,00027.5m $28.8m $28.8m 1.50% New
5 Man Group plc 0.08% of their portfolio LONDON, X0 27,484,00027.5m $28.9m $28.9m 0.08% Reduced -2.7m -2,685,000
6 CAPSTONE INVESTMENT ADVISORS, LLC 0.53% of their portfolio NEW YORK, NY 23,000,00023.0m $24.2m $24.2m 0.53% Unchanged
7 Daiwa Securities Group Inc. 0.09% of their portfolio CHIYODA-KU,TOKYO, M0 15,569,00015.6m $16.3m $16.3m 0.09% Added +2.6m +2,569,000
8 Polar Asset Management Partners Inc. 0.40% of their portfolio TORONTO, A6 15,000,00015.0m $15.7m $15.7m 0.40% Reduced -20.0m -20,000,000
9 Calamos Advisors LLC 0.06% of their portfolio NAPERVILLE, IL 12,500,00012.5m $13.1m $13.1m 0.06% Unchanged
10 CSS LLC/IL 0.87% of their portfolio CHICAGO, IL 11,284,00011.3m $11.9m $11.9m 0.87% Unchanged
11 ABSOLUTE INVESTMENT ADVISERS, LLC 1.61% of their portfolio ROSEMARY BEACH, FL 10,350,00010.3m $10.8m $10.8m 1.61% Unchanged
12 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 10,054,00010.1m $10.6m $10.6m 0.00% Reduced -9.4m -9,430,000
13 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 10,000,00010.0m $10.5m $10.5m 0.01% Unchanged
14 Point72 Asset Management, L.P. 0.03% of their portfolio STAMFORD, CT 9,000,0009.0m $9.5m $9.5m 0.03% Unchanged
15 DeepCurrents Investment Group LLC 0.38% of their portfolio NEW YORK, NY 9,000,0009.0m $9.5m $9.5m 0.38% New
16 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 7,000,0007.0m $7.3m $7.3m 0.00% Added +3.0m +3,000,000
17 BlackRock Inc. 0.00% of their portfolio New York, NY 6,875,0006.9m $7.2m $7.2m 0.00% Added +3.4m +3,425,000
18 SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio London, X0 6,762,0006.8m $7.0m $7.0m 0.01% Unchanged
19 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 6,446,0006.4m $6.8m $6.8m 0.00% Reduced -1.8m -1,800,000
20 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 6,444,0006.4m $6.8m $6.8m 0.00% Unchanged
21 Warberg Asset Management LLC 1.54% of their portfolio WINNETKA, IL 5,518,0005.5m $5.8m $5.8m 1.54% Unchanged
22 FMR LLC 0.00% of their portfolio BOSTON, MA 5,043,0005.0m $5.3m $5.3m 0.00% Reduced -2.4m -2,357,000
23 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 4,483,0004.5m $4.7m $4.7m 0.01% Reduced -1.0m -1,000,000
24 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 3,000,0003.0m $3.1m $3.1m 0.01% Unchanged
25 Walleye Capital LLC 0.03% of their portfolio NEW YORK, NY 3,000,0003.0m $3.2m $3.2m 0.03% Unchanged
26 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 2,708,0002.7m $2.9m $2.9m 0.02% New
27 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 2,415,0002.4m $2.5m $2.5m 0.00% Reduced -13.0k -13,000
28 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 2,282,0002.3m $2.4m $2.4m 0.00% Reduced -3.5m -3,512,000
29 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 2,058,0002.1m $2.2m $2.2m 0.00% Reduced -643.0k -643,000
30 WESTWOOD HOLDINGS GROUP INC 0.98% of their portfolio DALLAS, TX 2,000,0002.0m $209.5m $209.5m 0.98% Unchanged
31 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 1,700,0001.7m $1.8m $1.8m 0.00% Reduced -2.6m -2,612,000
32 BOOTHBAY FUND MANAGEMENT, LLC 0.03% of their portfolio NEW YORK, NY 945,000945.0k $991.3k $991.3k 0.03% Reduced -36.0k -36,000
33 PALISADE CAPITAL MANAGEMENT, LP 0.03% of their portfolio FORT LEE, NJ 895,000895.0k $937.5k $937.5k 0.03% Unchanged
34 Mirabaud Asset Management (France) SAS 0.28% of their portfolio PARIS, I0 500,000500.0k $525.5k $525.5k 0.28% Unchanged
35 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 358,000358.0k $375.0k $375.0k 0.00% Unchanged
36 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 297,000297.0k $312.6k $312.6k 0.00% Unchanged
37 Nicholas Investment Partners, LP 0.03% of their portfolio RANCHO SANTA FE, CA 250,000250.0k $261.9k $261.9k 0.03% Unchanged
38 ADVENT CAPITAL MANAGEMENT /DE/ 0.01% of their portfolio NEW YORK, NY 206,000206.0k $217.3k $217.3k 0.01% Reduced -2.9m -2,911,000
39 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $210.0k $210.0k 0.00% Unchanged
40 NOMURA HOLDINGS INC 0.02% of their portfolio TOKYO, M0 59,04459.0k $3.2m $3.2m 0.02% Added +254 +254
41 Virtus Investment Advisers, LLC 0.04% of their portfolio HARTFORD, CT 40,00040.0k $41.9k $41.9k 0.04% Unchanged
42 Boussard & Gavaudan Investment Management LLP 1.27% of their portfolio London, X0 7,5537.6k $8.0m $8.0m 1.27% Added +2.0k +2,008
43 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged