Vault-13

PROGRESS SOFTWARE CORP PRGS 1 04.15.26

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

27 institutional holders -2 vs Q4 2025
$373.1mprincipal reported held*
$368.6mreported value*
10 new 4 added 6 reduced 12 sold out net sold ≈ $3.3m (-200.0k 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 ($3.9m this quarter). Holder counts are more reliable.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 45Q4 22: 44Q1 23: 50Q2 23: 46Q3 23: 42Q4 23: 44Q1 24: 45Q2 24: 43Q3 24: 34Q4 24: 32Q1 25: 38Q2 25: 35Q3 25: 29Q4 25: 29Q1 26: 2727Q3 22Q3 23Q3 24Q3 25Q1 26
Numbers
QuarterHolders
Q3 202245
Q4 202244
Q1 202350
Q2 202346
Q3 202342
Q4 202344
Q1 202445
Q2 202443
Q3 202434
Q4 202432
Q1 202538
Q2 202535
Q3 202529
Q4 202529
Q1 202627

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 24: 9 bought or addedQ2 24: 17 cut or sold outQ3 24: 12 bought or addedQ3 24: 25 cut or sold outQ3 24Q4 24: 13 bought or addedQ4 24: 13 cut or sold outQ1 25: 19 bought or addedQ1 25: 17 cut or sold outQ1 25Q2 25: 10 bought or addedQ2 25: 16 cut or sold outQ3 25: 12 bought or addedQ3 25: 21 cut or sold outQ3 25Q4 25: 12 bought or addedQ4 25: 10 cut or sold outQ1 26: 14 bought or addedQ1 26: 18 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 2024917
Q3 20241225
Q4 20241313
Q1 20251917
Q2 20251016
Q3 20251221
Q4 20251210
Q1 20261418

Biggest buyers

OAKTREE CAPITAL MANAGEMENT LP New +36,154,000+36.2m
KIM, LLC New +25,500,000+25.5m
GLAZER CAPITAL, LLC New +22,931,000+22.9m
TORONTO DOMINION BANK New +11,225,000+11.2m
WELLS FARGO & COMPANY/MN Added +10,900,000+10.9m
JPMORGAN CHASE & CO New +8,631,000+8.6m
MILLENNIUM MANAGEMENT LLC Added +8,000,000+8.0m
Russell Investments Group, Ltd. New +6,174,000+6.2m
Opti Capital Management, LP Added +3,500,000+3.5m
DeepCurrents Investment Group LLC Added +1,114,000+1.1m

Biggest sellers

DLD Asset Management, LP Sold out -37,500,000-37.5m
STEELHEAD PARTNERS LLC Sold out -25,000,000-25.0m
Aequim Alternative Investments LP Reduced -20,000,000-20.0m
SONA ASSET MANAGEMENT (US) LLC Sold out -11,670,000-11.7m
TWO SIGMA INVESTMENTS, LP Sold out -9,508,000-9.5m
STATE STREET CORP Sold out -6,900,000-6.9m
Warberg Asset Management LLC Sold out -6,606,000-6.6m
UBS Group AG Reduced -6,000,000-6.0m
BlackRock, Inc. Sold out -4,525,000-4.5m
MORGAN STANLEY Sold out -3,225,000-3.2m

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 54,318,00054.3m $54.2m $54.2m 0.04% Added +8.0m +8,000,000
2 CAPSTONE INVESTMENT ADVISORS, LLC 0.45% of their portfolio NEW YORK, NY 54,019,00054.0m $54.0m $54.0m 0.45% Unchanged
3 OAKTREE CAPITAL MANAGEMENT LP 0.61% of their portfolio LOS ANGELES, CA 36,154,00036.2m $36.1m $36.1m 0.61% New
4 Aequim Alternative Investments LP 0.58% of their portfolio MILL VALLEY, CA 30,000,00030.0m $30.0m $30.0m 0.58% Reduced -20.0m -20,000,000
5 KIM, LLC 3.75% of their portfolio WICHITA, KS 25,500,00025.5m $25.5m $25.5m 3.75% New
6 DeepCurrents Investment Group LLC 1.04% of their portfolio NEW YORK, NY 25,275,00025.3m $25.2m $25.2m 1.04% Added +1.1m +1,114,000
7 GLAZER CAPITAL, LLC 0.49% of their portfolio New York, NY 22,931,00022.9m $22.9m $22.9m 0.49% New
8 Opti Capital Management, LP 1.50% of their portfolio New York, NY 20,827,00020.8m $20.8m $20.8m 1.50% Added +3.5m +3,500,000
9 Acasta Partners UK LLP 7.78% of their portfolio LONDON, X0 20,500,00020.5m $20.5m $20.5m 7.78% Unchanged
10 Calamos Advisors LLC 0.05% of their portfolio NAPERVILLE, IL 12,500,00012.5m $12.5m $12.5m 0.05% Unchanged
11 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 11,225,00011.2m $11.2m $11.2m 0.00% Added +10.9m +10,900,000
12 TORONTO DOMINION BANK 0.02% of their portfolio TORONTO, ONTARIO, A6 11,225,00011.2m $11.2m $11.2m 0.02% New
13 UBS Group AG 0.00% of their portfolio ZURICH, V8 9,850,0009.8m $9.8m $9.8m 0.00% Reduced -6.0m -6,000,000
14 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 8,631,0008.6m $8.6m $8.6m 0.00% New
15 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 7,490,0007.5m $7.5m $7.5m 0.00% Unchanged
16 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 6,174,0006.2m $6.2m $6.2m 0.01% New
17 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 6,146,0006.1m $6.1m $6.1m 0.00% Reduced -1.4m -1,375,000
18 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 4,500,0004.5m $4.5m $4.5m 0.00% Reduced -1.0m -1,000,000
19 AQR Arbitrage LLC 0.02% of their portfolio Greenwich, CT 1,210,0001.2m $1.2m $1.2m 0.02% Reduced -90.0k -90,000
20 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 1,000,0001.0m $999.8k $999.8k 0.00% New
21 PIPER SANDLER & CO. 0.88% of their portfolio MINNEAPOLIS, MN 900,000900.0k $897.8k $897.8k 0.88% New
22 PALISADE CAPITAL MANAGEMENT, LP 0.03% of their portfolio FORT LEE, NJ 873,000873.0k $871.3k $871.3k 0.03% Unchanged
23 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 650,000650.0k $648.9k $648.9k 0.00% Unchanged
24 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 558,000558.0k $556.6k $556.6k 0.00% Unchanged
25 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 375,000375.0k $374.4k $374.4k 0.00% New
26 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 170,000170.0k $169.6k $169.6k 0.00% New
27 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 100,000100.0k $100.0k $100.0k 0.00% Reduced -2.3m -2,271,000