Vault-13

PROGRESS SOFTWARE CORP PRGS 3.5 03.01.30

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

49 institutional holders +0 vs Q4 2025
18,930,00018.9m shares reported held*
$378.5mreported value*
12 new 11 added 14 reduced 12 sold out net sold ≈ $11.0m (+992.0k 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. Holder counts are more reliable. Implied quarter-end price ≈ $19.99.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q1 25: 44Q2 25: 54Q3 25: 50Q4 25: 49Q1 26: 4949Q1 25Q2 25Q3 25Q4 25Q1 26
Numbers
QuarterHolders
Q1 202544
Q2 202554
Q3 202550
Q4 202549
Q1 202649

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 25: 29 bought or addedQ2 25: 10 cut or sold outQ2 25Q3 25: 27 bought or addedQ3 25: 29 cut or sold outQ3 25Q4 25: 20 bought or addedQ4 25: 23 cut or sold outQ4 25Q1 26: 23 bought or addedQ1 26: 26 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 20252910
Q3 20252729
Q4 20252023
Q1 20262326

Biggest buyers

AQR Arbitrage LLC Added +18,339,000+18.3m
Thrivent Financial for Lutherans New +16,690,000+16.7m
JPMORGAN CHASE & CO Added +11,294,000+11.3m
Wellesley Asset Management Added +9,653,000+9.7m
DEUTSCHE BANK AG\ New +8,070,000+8.1m
SSI INVESTMENT MANAGEMENT LLC New +5,500,000+5.5m
CSS LLC/IL New +4,500,000+4.5m
III Capital Management New +3,200,000+3.2m
Cutler Capital Management, LLC Added +2,600,000+2.6m
Universal- Beteiligungs- und Servicegesellschaft mbH Added +2,400,000+2.4m

Biggest sellers

ADVENT CAPITAL MANAGEMENT /DE/ Reduced -25,922,000-25.9m
TWO SIGMA INVESTMENTS, LP Sold out -17,250,000-17.2m
BANK OF AMERICA CORP /DE/ Reduced -10,281,000-10.3m
Calamos Advisors LLC Sold out -10,000,000-10.0m
GABELLI FUNDS LLC Sold out -5,625,000-5.6m
SSI INVESTMENT MANAGEMENT LLC Sold out -5,000,000-5.0m
WOLVERINE ASSET MANAGEMENT LLC Reduced -4,898,000-4.9m
FRANKLIN RESOURCES INC Sold out -3,604,000-3.6m
WELLS FARGO & COMPANY/MN Reduced -2,883,000-2.9m
TENOR CAPITAL MANAGEMENT Co., L.P. Sold out -2,823,000-2.8m

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.76% of their portfolio New York, NY 152,347,000152.3m $135.7m $135.7m 0.76% Added +1.0m +1,000,000
2 AQR Arbitrage LLC 0.62% of their portfolio Greenwich, CT 42,161,00042.2m $37.6m $37.6m 0.62% Added +18.3m +18,339,000
3 MacKay Shields LLC 0.94% of their portfolio New York, NY 28,693,00028.7m $25.6m $25.6m 0.94% Added +51.0k +51,000
4 Wellesley Asset Management 2.33% of their portfolio PORTSMOUTH, NH 26,021,00026.0m $22.2m $22.2m 2.33% Added +9.7m +9,653,000
5 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 18,905,00018.9m $16.8m $16.8m 0.01% Added +941.0k +941,000
6 ADVENT CAPITAL MANAGEMENT /DE/ 0.47% of their portfolio NEW YORK, NY 17,784,00017.8m $15.9m $15.9m 0.47% Reduced -25.9m -25,922,000
7 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 16,690,00016.7m $14.9m $14.9m 0.03% New
8 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 12,995,00013.0m $11.7m $11.7m 0.00% Added +11.3m +11,294,000
9 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 12,802,00012.8m $11.4m $11.4m 0.00% Added +1.3m +1,300,000
10 ABSOLUTE INVESTMENT ADVISERS, LLC 1.21% of their portfolio ROSEMARY BEACH, FL 11,617,00011.6m $10.3m $10.3m 1.21% Reduced -1.0m -1,000,000
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 9,840,0009.8m $8.8m $8.8m 0.00% Reduced -575.0k -575,000
12 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 8,901,0008.9m $7.9m $7.9m 0.00% Reduced -2.7m -2,675,000
13 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 8,070,0008.1m $7.2m $7.2m 0.00% New
14 Cutler Capital Management, LLC 1.85% of their portfolio WORCESTER, MA 7,545,0007.5m $6.7m $6.7m 1.85% Added +2.6m +2,600,000
15 BlackRock, Inc. 0.00% of their portfolio New York, NY 7,046,0007.0m $6.3m $6.3m 0.00% Added +1.8m +1,800,000
16 SSI INVESTMENT MANAGEMENT LLC 0.34% of their portfolio Los Angeles, CA 5,500,0005.5m $4.9m $4.9m 0.34% New
17 KIM, LLC 0.66% of their portfolio WICHITA, KS 5,000,0005.0m $4.5m $4.5m 0.66% Reduced -2.0m -2,000,000
18 FMR LLC 0.00% of their portfolio BOSTON, MA 4,917,0004.9m $4.4m $4.4m 0.00% Unchanged
19 CSS LLC/IL 0.22% of their portfolio CHICAGO, IL 4,500,0004.5m $4.0m $4.0m 0.22% New
20 WOLVERINE ASSET MANAGEMENT LLC 0.05% of their portfolio CHICAGO, IL 3,420,0003.4m $3.0m $3.0m 0.05% Reduced -4.9m -4,898,000
21 III Capital Management 1.16% of their portfolio BOCA RATON, FL 3,200,0003.2m $2.9m $2.9m 1.16% New
22 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 3,000,0003.0m $2.7m $2.7m 0.00% Unchanged
23 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,883,0002.9m $2.6m $2.6m 0.00% Reduced -10.3m -10,281,000
24 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,650,0002.6m $2.4m $2.4m 0.00% Added +2.4m +2,400,000
25 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 1,937,0001.9m $17.3k $17.3k 0.00% New
26 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,500,0001.5m $1.3m $1.3m 0.00% Unchanged
27 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 1,250,0001.2m $1.1m $1.1m 0.00% Unchanged
28 Man Group plc 0.00% of their portfolio LONDON, X0 1,150,0001.1m $1.0m $1.0m 0.00% Unchanged
29 Kohlberg Kravis Roberts & Co. L.P. 0.02% of their portfolio NEW YORK, NY 1,041,0001.0m $927.4k $927.4k 0.02% Unchanged
30 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 969,000969.0k $860.9k $860.9k 0.00% Added +200.0k +200,000
31 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 850,000850.0k $750.0k $750.0k 0.00% Reduced -200.0k -200,000
32 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 675,000675.0k $603.1k $603.1k 0.00% Reduced -2.9m -2,883,000
33 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 525,000525.0k $464.1k $464.1k 0.00% New
34 Ares Systematic Credit Ltd 0.36% of their portfolio LONDON, X0 500,000500.0k $451.0k $451.0k 0.36% New
35 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 334,000334.0k $300.2k $300.2k 0.00% Reduced -205.0k -205,000
36 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $178.7k $178.7k 0.00% Reduced -900.0k -900,000
37 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 182,000182.0k $161.7k $161.7k 0.00% Unchanged
38 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 80,00080.0k $71.1k $71.1k 0.00% Reduced -2.0k -2,000
39 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 64,00064.0k $56.9k $56.9k 0.00% New
40 VIRTUS ADVISERS, LLC 0.02% of their portfolio HARTFORD, CT 47,00047.0k $41.8k $41.8k 0.02% Unchanged
41 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 24,00024.0k $21.3k $21.3k 0.00% Unchanged
42 UBS Group AG 0.00% of their portfolio ZURICH, V8 22,00022.0k $19.5k $19.5k 0.00% New
43 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 17,00017.0k $15.1k $15.1k 0.00% Unchanged
44 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 14,00014.0k $12.4k $12.4k 0.00% Reduced -18.0k -18,000
45 FORESIGHT CAPITAL MANAGEMENT ADVISORS, INC. 0.01% of their portfolio SALINE, MI 13,00013.0k $11.5k $11.5k 0.01% New
46 Balboa Wealth Partners 0.00% of their portfolio SCOTTSDALE, AZ 13,00013.0k $11.5k $11.5k 0.00% Unchanged
47 WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.00% of their portfolio PLYMOUTH, MN 12,00012.0k $10.6k $10.6k 0.00% Reduced -7.0k -7,000
48 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 5,0005.0k $4.4k $4.4k 0.00% New
49 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 00 $0 $0 0.00% Unchanged