Vault-13

PROGRESS SOFTWARE CORP PRGS 3.5 03.01.30

NOTE 3.500% 3/0 · US DOMESTIC · CUSIP 743312AD2

54 institutional holders +10 vs Q1 2025
17,535,00017.5m shares reported held*
$564.0mreported value*
12 new 17 added 8 reduced 2 sold out net bought ≈ $41.3m (+4.1m 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. Holder counts are more reliable. Implied quarter-end price ≈ $32.16.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q1 25: 44Q2 25: 5454Q1 25Q2 25
Numbers
QuarterHolders
Q1 202544
Q2 202554

Biggest buyers

TWO SIGMA INVESTMENTS, LP Added +28,000,000+28.0m
LAZARD ASSET MANAGEMENT LLC Added +22,188,000+22.2m
BNP PARIBAS FINANCIAL MARKETS Added +8,820,000+8.8m
MacKay Shields LLC Added +8,055,000+8.1m
WELLS FARGO & COMPANY/MN Added +6,133,000+6.1m
KIM, LLC New +5,000,000+5.0m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND New +5,000,000+5.0m
SHENKMAN CAPITAL MANAGEMENT INC Added +3,019,000+3.0m
MORGAN STANLEY Added +2,546,000+2.5m
Wellesley Asset Management Added +2,500,000+2.5m

Biggest sellers

MILLENNIUM MANAGEMENT LLC Sold out -33,000,000-33.0m
CITADEL ADVISORS LLC Sold out -22,000,000-22.0m
WOLVERINE ASSET MANAGEMENT LLC Reduced -12,144,000-12.1m
Thrivent Financial for Lutherans Reduced -2,865,000-2.9m
FMR LLC Reduced -760,000-760.0k
STATE STREET CORP Reduced -600,000-600.0k
AMERIPRISE FINANCIAL INC Reduced -500,000-500.0k
RWC Asset Management LLP Reduced -500,000-500.0k
BlackRock, Inc. Reduced -200,000-200.0k
Cutler Capital Management, LLC Reduced -10,000-10.0k

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.88% of their portfolio New York, NY 123,950,000124.0m $143.8m $143.8m 0.88% Added +1.9m +1,950,000
2 CAMDEN ASSET MANAGEMENT L P /CA 0.90% of their portfolio Los Angeles, CA 33,102,00033.1m $38.3m $38.3m 0.90% Unchanged
3 WOLVERINE ASSET MANAGEMENT LLC 0.60% of their portfolio CHICAGO, IL 30,818,00030.8m $35.8m $35.8m 0.60% Reduced -12.1m -12,144,000
4 TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio NEW YORK, NY 30,500,00030.5m $35.3m $35.3m 0.06% Added +28.0m +28,000,000
5 MacKay Shields LLC 1.08% of their portfolio New York, NY 29,034,00029.0m $33.7m $33.7m 1.08% Added +8.1m +8,055,000
6 LAZARD ASSET MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 25,102,00025.1m $29.2m $29.2m 0.04% Added +22.2m +22,188,000
7 Polar Asset Management Partners Inc. 0.72% of their portfolio TORONTO, A6 25,000,00025.0m $29.0m $29.0m 0.72% Unchanged
8 BANK OF MONTREAL /CAN/ 0.01% of their portfolio TORONTO, A6 18,395,00018.4m $21.3m $21.3m 0.01% Added +743.0k +743,000
9 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 16,683,00016.7m $19.4m $19.4m 0.00% Added +6.1m +6,133,000
10 ABSOLUTE INVESTMENT ADVISERS, LLC 1.72% of their portfolio ROSEMARY BEACH, FL 12,000,00012.0m $13.9m $13.9m 1.72% Unchanged
11 Calamos Advisors LLC 0.05% of their portfolio NAPERVILLE, IL 10,000,00010.0m $11.6m $11.6m 0.05% Unchanged
12 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 9,697,0009.7m $11.2m $11.2m 0.01% Added +8.8m +8,820,000
13 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 9,500,0009.5m $11.0m $11.0m 0.00% Reduced -500.0k -500,000
14 SSI INVESTMENT MANAGEMENT LLC 0.76% of their portfolio Los Angeles, CA 9,356,0009.4m $10.8m $10.8m 0.76% Added +933.0k +933,000
15 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 8,723,0008.7m $10.1m $10.1m 0.00% Added +162.0k +162,000
16 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 8,600,0008.6m $10.0m $10.0m 0.00% Reduced -600.0k -600,000
17 SHENKMAN CAPITAL MANAGEMENT INC 0.84% of their portfolio NEW YORK, NY 7,800,0007.8m $8.5m $8.5m 0.84% Added +3.0m +3,019,000
18 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 7,506,0007.5m $8.7m $8.7m 0.00% Added +2.5m +2,546,000
19 GABELLI FUNDS LLC 0.06% of their portfolio Rye, NY 6,725,0006.7m $7.8m $7.8m 0.06% Unchanged
20 FMR LLC 0.00% of their portfolio BOSTON, MA 6,620,0006.6m $7.7m $7.7m 0.00% Reduced -760.0k -760,000
21 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 5,000,0005.0m $5.8m $5.8m 0.01% New
22 UBS Group AG 0.00% of their portfolio ZURICH, V8 5,000,0005.0m $5.8m $5.8m 0.00% Unchanged
23 KIM, LLC 0.60% of their portfolio WICHITA, KS 5,000,0005.0m $5.8m $5.8m 0.60% New
24 BlackRock, Inc. 0.00% of their portfolio New York, NY 4,571,0004.6m $5.3m $5.3m 0.00% Reduced -200.0k -200,000
25 Wellesley Asset Management 0.36% of their portfolio PORTSMOUTH, NH 3,500,0003.5m $3.8m $3.8m 0.36% Added +2.5m +2,500,000
26 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 3,000,0003.0m $3.5m $3.5m 0.00% Unchanged
27 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 3,000,0003.0m $3.5m $3.5m 0.01% Added +1.0m +1,000,000
28 SONA ASSET MANAGEMENT (US) LLC 0.10% of their portfolio NEW YORK, NY 2,500,0002.5m $2.9m $2.9m 0.10% New
29 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,129,0002.1m $2.5m $2.5m 0.00% New
30 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 2,000,0002.0m $2.3m $2.3m 0.00% New
31 PICTON MAHONEY ASSET MANAGEMENT 0.03% of their portfolio Toronto, A6 2,000,0002.0m $2.3m $2.3m 0.03% New
32 Man Group plc 0.00% of their portfolio LONDON, X0 1,959,0002.0m $2.3m $2.3m 0.00% Added +600.0k +600,000
33 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,912,0001.9m $2.2m $2.2m 0.00% Added +490.0k +490,000
34 RWC Asset Management LLP 0.09% of their portfolio LONDON, X0 1,500,0001.5m $1.7m $1.7m 0.09% Reduced -500.0k -500,000
35 Thrivent Financial for Lutherans 0.00% of their portfolio Minneapolis, MN 1,495,0001.5m $1.7m $1.7m 0.00% Reduced -2.9m -2,865,000
36 Cutler Capital Management, LLC 0.52% of their portfolio WORCESTER, MA 1,290,0001.3m $1.5m $1.5m 0.52% Reduced -10.0k -10,000
37 Kohlberg Kravis Roberts & Co. L.P. 0.03% of their portfolio NEW YORK, NY 1,261,0001.3m $1.5m $1.5m 0.03% Unchanged
38 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 1,250,0001.2m $1.5m $1.5m 0.00% Unchanged
39 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,050,0001.1m $1.2m $1.2m 0.00% Added +525.0k +525,000
40 Quaero Capital S.A. 1.45% of their portfolio GENEVE, V8 1,000,0001.0m $1.2m $1.2m 1.45% Added +400.0k +400,000
41 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 942,000942.0k $1.1m $1.1m 0.00% New
42 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 942,000942.0k $1.1m $1.1m 0.00% Unchanged
43 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 750,000750.0k $867.0k $867.0k 0.00% Unchanged
44 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 250,000250.0k $292.8k $292.8k 0.00% Unchanged
45 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 235,000235.0k $273.0k $273.0k 0.00% Unchanged
46 Central Pacific Bank - Trust Division 0.03% of their portfolio HONOLULU, HI 224,000224.0k $259.1k $259.1k 0.03% New
47 GAMCO INVESTORS, INC. ET AL 0.00% of their portfolio GREENWICH, CT 200,000200.0k $232.0k $232.0k 0.00% New
48 Teton Advisors, Inc. 0.14% of their portfolio Rye, NY 200,000200.0k $232.0k $232.0k 0.14% Unchanged
49 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 182,000182.0k $210.5k $210.5k 0.00% Unchanged
50 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 79,00079.0k $91.4k $91.4k 0.00% New
51 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 24,00024.0k $27.8k $27.8k 0.00% New
52 Balboa Wealth Partners 0.00% of their portfolio SCOTTSDALE, AZ 15,00015.0k $17.2k $17.2k 0.00% New
53 Context Capital Management, LLC 0.14% of their portfolio LAJOLLA, CA 3,5003.5k $4.1m $4.1m 0.14% Unchanged
54 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged