Vault-13

PROGRESS SOFTWARE CORP PRGS 3.5 03.01.30

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

50 institutional holders +1 vs Q1 2026
27,759,00027.8m shares reported held*
$448.9mreported value*
11 new 8 added 19 reduced 11 sold out net bought ≈ $22.0m (+8.8m 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 ≈ $16.17.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q1 25: 44Q2 25: 54Q3 25: 50Q4 25: 49Q1 26: 49Q2 26: 5050Q1 25Q2 25Q3 25Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q1 202544
Q2 202554
Q3 202550
Q4 202549
Q1 202649
Q2 202650

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 26Q2 26: 19 bought or addedQ2 26: 30 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q2 20252910
Q3 20252729
Q4 20252023
Q1 20262326
Q2 20261930

Biggest buyers

Jump Financial, LLC New +25,695,000+25.7m
Magnetar Financial LLC New +9,000,000+9.0m
Meteora Capital, LLC New +6,500,000+6.5m
HIGHBRIDGE CAPITAL MANAGEMENT LLC New +6,500,000+6.5m
SSI INVESTMENT MANAGEMENT LLC New +6,455,000+6.5m
NewGen Asset Management Ltd New +4,885,000+4.9m
Ares Systematic Credit Ltd Added +3,600,000+3.6m
Irenic Capital Management LP New +3,444,000+3.4m
BOOTHBAY FUND MANAGEMENT, LLC New +2,990,000+3.0m
BANK OF AMERICA CORP /DE/ Added +2,470,000+2.5m

Biggest sellers

Linden Advisors LP Reduced -14,481,000-14.5m
JPMORGAN CHASE & CO Reduced -6,468,000-6.5m
SSI INVESTMENT MANAGEMENT LLC Sold out -5,500,000-5.5m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -5,215,000-5.2m
Wellesley Asset Management Reduced -4,980,000-5.0m
WOLVERINE ASSET MANAGEMENT LLC Sold out -3,420,000-3.4m
CSS LLC/IL Reduced -3,257,000-3.3m
BANK OF MONTREAL /CAN/ Sold out -3,000,000-3.0m
MORGAN STANLEY Reduced -1,547,000-1.5m
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Sold out -1,500,000-1.5m

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.69% of their portfolio New York, NY 137,866,000137.9m $132.5m $132.5m 0.69% Reduced -14.5m -14,481,000
2 AQR Arbitrage LLC 0.58% of their portfolio Greenwich, CT 42,136,00042.1m $40.5m $40.5m 0.58% Reduced -25.0k -25,000
3 MacKay Shields LLC 0.92% of their portfolio New York, NY 28,590,00028.6m $27.5m $27.5m 0.92% Reduced -103.0k -103,000
4 Jump Financial, LLC 0.22% of their portfolio Chicago, IL 25,695,00025.7m $24.9m $24.9m 0.22% New
5 Wellesley Asset Management 1.91% of their portfolio PORTSMOUTH, NH 21,041,00021.0m $20.9m $20.9m 1.91% Reduced -5.0m -4,980,000
6 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 18,905,00018.9m $18.1m $18.1m 0.01% Unchanged
7 Nykredit A/S 0.05% of their portfolio NORDHAVN, G7 16,800,00016.8m $16.4m $16.4m 0.05% First filing
8 Thrivent Financial for Lutherans 0.03% of their portfolio Minneapolis, MN 15,480,00015.5m $15.0m $15.0m 0.03% Reduced -1.2m -1,210,000
9 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 12,800,00012.8m $12.4m $12.4m 0.00% Reduced -2.0k -2,000
10 ADVENT CAPITAL MANAGEMENT /DE/ 0.28% of their portfolio NEW YORK, NY 12,569,00012.6m $12.2m $12.2m 0.28% Reduced -5.2m -5,215,000
11 ABSOLUTE INVESTMENT ADVISERS, LLC 1.14% of their portfolio ROSEMARY BEACH, FL 12,335,00012.3m $11.8m $11.8m 1.14% Added +718.0k +718,000
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 11,865,00011.9m $11.5m $11.5m 0.00% Added +2.0m +2,025,000
13 Magnetar Financial LLC 0.08% of their portfolio EVANSTON, IL 9,000,0009.0m $8.6m $8.6m 0.08% New
14 BlackRock, Inc. 0.00% of their portfolio New York, NY 8,796,0008.8m $8.4m $8.4m 0.00% Added +1.8m +1,750,000
15 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 8,370,0008.4m $8.0m $8.0m 0.00% Added +300.0k +300,000
16 Cutler Capital Management, LLC 1.84% of their portfolio WORCESTER, MA 7,390,0007.4m $7.1m $7.1m 1.84% Reduced -155.0k -155,000
17 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 7,354,0007.4m $7.0m $7.0m 0.00% Reduced -1.5m -1,547,000
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 6,527,0006.5m $6.3m $6.3m 0.00% Reduced -6.5m -6,468,000
19 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.21% of their portfolio NEW YORK, NY 6,500,0006.5m $6.2m $6.2m 0.21% New
20 Meteora Capital, LLC 0.52% of their portfolio Boca Raton, FL 6,500,0006.5m $6.3m $6.3m 0.52% New
21 SSI INVESTMENT MANAGEMENT LLC 0.36% of their portfolio Los Angeles, CA 6,455,0006.5m $6.2m $6.2m 0.36% New
22 KIM, LLC 0.78% of their portfolio WICHITA, KS 6,000,0006.0m $5.7m $5.7m 0.78% Added +1.0m +1,000,000
23 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 5,353,0005.4m $5.1m $5.1m 0.00% Added +2.5m +2,470,000
24 NewGen Asset Management Ltd 2.58% of their portfolio TORONTO, A6 4,885,0004.9m $4.7m $4.7m 2.58% New
25 FMR LLC 0.00% of their portfolio BOSTON, MA 4,877,0004.9m $4.7m $4.7m 0.00% Reduced -40.0k -40,000
26 Ares Systematic Credit Ltd 2.40% of their portfolio LONDON, X0 4,100,0004.1m $3.9m $3.9m 2.40% Added +3.6m +3,600,000
27 Irenic Capital Management LP 0.24% of their portfolio NEW YORK, NY 3,444,0003.4m $3.3m $3.3m 0.24% New
28 III Capital Management 0.79% of their portfolio BOCA RATON, FL 3,200,0003.2m $3.1m $3.1m 0.79% Unchanged
29 BOOTHBAY FUND MANAGEMENT, LLC 0.05% of their portfolio NEW YORK, NY 2,990,0003.0m $2.9m $2.9m 0.05% New
30 Universal- Beteiligungs- und Servicegesellschaft mbH 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,400,0002.4m $2.3m $2.3m 0.00% Reduced -250.0k -250,000
31 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 1,937,0001.9m $18.6k $18.6k 0.00% Unchanged
32 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.00% of their portfolio Paris, I0 1,250,0001.2m $1.2m $1.2m 0.00% New
33 CSS LLC/IL 0.05% of their portfolio CHICAGO, IL 1,243,0001.2m $1.2m $1.2m 0.05% Reduced -3.3m -3,257,000
34 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 665,000665.0k $640.7k $640.7k 0.00% Reduced -10.0k -10,000
35 Kohlberg Kravis Roberts & Co. L.P. 0.01% of their portfolio NEW YORK, NY 657,000657.0k $631.5k $631.5k 0.01% Reduced -384.0k -384,000
36 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 500,000500.0k $483.1k $483.1k 0.00% Reduced -350.0k -350,000
37 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 200,000200.0k $192.7k $192.7k 0.00% Unchanged
38 Virtus Fixed Income Advisers, LLC 0.12% of their portfolio HARTFORD, CT 194,000194.0k $185.5k $185.5k 0.12% New
39 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 191,000191.0k $182.4k $182.4k 0.00% Reduced -143.0k -143,000
40 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 182,000182.0k $174.0k $174.0k 0.00% Unchanged
41 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 135,000135.0k $129.1k $129.1k 0.00% Reduced -834.0k -834,000
42 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 85,00085.0k $81.3k $81.3k 0.00% Added +5.0k +5,000
43 Cetera Investment Advisers 0.00% of their portfolio SCHAUMBURG, IL 64,00064.0k $61.2k $61.2k 0.00% Unchanged
44 VIRTUS ADVISERS, LLC 0.02% of their portfolio HARTFORD, CT 47,00047.0k $44.9k $44.9k 0.02% Unchanged
45 Crestwood Advisors Group, LLC 0.00% of their portfolio BOSTON, MA 40,00040.0k $38.2k $38.2k 0.00% New
46 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 24,00024.0k $22.9k $22.9k 0.00% Unchanged
47 UBS Group AG 0.00% of their portfolio ZURICH, V8 22,00022.0k $21.0k $21.0k 0.00% Unchanged
48 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 10,00010.0k $9.6k $9.6k 0.00% Reduced -4.0k -4,000
49 FIFTH THIRD BANCORP 0.00% of their portfolio CINCINNATI, OH 5,0005.0k $4.8k $4.8k 0.00% Unchanged
50 Erste Asset Management GmbH 0.00% of their portfolio VIENNA, C4 00 $0 $0 0.00% Unchanged