PROGRESS SOFTWARE CORP
BOND
CUSIP: 743312AD2
Institutional Holders48
Total Institutional Value$432,943,317
Total Shares Held428,788,000
Avg Position$9,019,652
Top 5 Holders %62.3%
Alpha-Weighted Score58.5
New Positions+6
Exited Positions-8
Top 15 Institutional Holders by Value
■ New ■ Increased ■ Decreased ■ Unchanged
Institutional Holders — Q4 25
| Manager | Alpha | Flow | Value | Shares | Change |
|---|---|---|---|---|---|
| LINDEN ADVISORS LP | High Conviction | Moderate Flow | $153,382,398 (35.4%) | 151,347,000 | - |
| ADVENT CAPITAL MANAGEMENT /DE/ | Moderate Conviction | Low Flow | $44,842,915 (10.4%) | 43,706,000 | -31.2% |
| MACKAY SHIELDS LLC | Moderate Conviction | Low Flow | $29,040,770 (6.7%) | 28,642,000 | - |
| CNH PARTNERS LLC | High Conviction | Low Flow | $24,161,464 (5.6%) | 23,822,000 | 574.1% |
| BNP PARIBAS FINANCIAL MARKETS | Moderate Conviction | Market Mover | $18,152,622 (4.2%) | 17,964,000 | 223.6% |
| TWO SIGMA INVESTMENTS, LP | Moderate Conviction | Significant Flow | $17,431,125 (4.0%) | 17,250,000 | 73.5% |
| BANK OF AMERICA CORP /DE/ | Moderate Conviction | Market Mover | $13,302,222 (3.1%) | 13,164,000 | -29.7% |
| ABSOLUTE INVESTMENT ADVISERS, LLC | High Conviction | Minimal Flow | $12,758,941 (2.9%) | 12,617,000 | 5.9% |
| MORGAN STANLEY | Moderate Conviction | Market Mover | $11,697,548 (2.7%) | 11,576,000 | -6.7% |
| AMERIPRISE FINANCIAL INC | Moderate Conviction | Market Mover | $11,648,070 (2.7%) | 11,502,000 | - |
| WELLESLEY INVESTMENT ADVISORS | Moderate Conviction | Minimal Flow | $11,302,761 (2.6%) | 11,273,000 | 218.3% |
| STATE STREET CORP | High Conviction | Market Mover | $10,644,677 (2.5%) | 10,415,000 | 12.3% |
| CALAMOS ADVISORS LLC | High Conviction | Significant Flow | $10,150,400 (2.3%) | 10,000,000 | - |
| WOLVERINE ASSET MANAGEMENT LLC | Moderate Conviction | Significant Flow | $8,422,672 (1.9%) | 8,318,000 | -74.1% |
| KIM, LLC | Moderate Conviction | Low Flow | $7,099,750 (1.6%) | 7,000,000 | -29.6% |
| GABELLI FUNDS LLC | High Conviction | Moderate Flow | $5,709,600 (1.3%) | 5,625,000 | - |
| BLACKROCK FUNDING, INC. /DE | High Conviction | Market Mover | $5,301,083 (1.2%) | 5,246,000 | 18.7% |
| SSI INVESTMENT MANAGEMENT LLC | Moderate Conviction | Low Flow | $5,052,501 (1.2%) | 5,000,000 | - |
| CUTLER CAPITAL MANAGEMENT, LLC | High Conviction | Minimal Flow | $4,996,923 (1.2%) | 4,945,000 | 19.4% |
| FMR LLC | High Conviction | Market Mover | $4,968,629 (1.1%) | 4,917,000 | - |
| FRANKLIN RESOURCES INC | High Conviction | Market Mover | $3,655,357 (0.8%) | 3,604,000 | -20.1% |
| WELLS FARGO & COMPANY/MN | Moderate Conviction | Market Mover | $3,235,289 (0.7%) | 3,558,000 | 371.7% |
| BANK OF MONTREAL /CAN/ | High Conviction | Market Mover | $3,019,560 (0.7%) | 3,000,000 | - |
| TENOR CAPITAL MANAGEMENT CO., L.P. | High Conviction | Moderate Flow | $2,892,307 (0.7%) | 2,823,000 | NEW |
| NEW YORK STATE COMMON RETIREMENT FUND | High Conviction | Market Mover | $2,708,140 (0.6%) | 2,680,000 | -53.4% |
| RWC ASSET MANAGEMENT LLP | High Conviction | Low Flow | $1,675,508 (0.4%) | 1,652,000 | 6.3% |
| JPMORGAN CHASE & CO | High Conviction | Market Mover | $1,546,719 (0.4%) | 1,701,000 | NEW |
| DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTS BANK, FRANKFURT AM MAIN | High Conviction | Market Mover | $1,530,000 (0.4%) | 1,500,000 | - |
| MAN GROUP PLC | High Conviction | Significant Flow | $1,153,646 (0.3%) | 1,150,000 | -41.2% |
| ZURCHER KANTONALBANK | High Conviction | Significant Flow | $1,060,500 (0.2%) | 1,050,000 | - |
| KOHLBERG KRAVIS ROBERTS & CO. | High Conviction | Low Flow | $1,055,834 (0.2%) | 1,041,000 | -49.3% |
| Bank of New York Mellon Corp | High Conviction | Market Mover | $1,000,230 (0.2%) | 1,100,000 | -47.6% |
| CITIGROUP INC | Moderate Conviction | Market Mover | $777,075 (0.2%) | 769,000 | 81.6% |
| BARCLAYS PLC | High Conviction | Market Mover | $724,318 (0.2%) | 718,000 | NEW |
| Jefferies Financial Group Inc. | Moderate Conviction | Significant Flow | $546,671 (0.1%) | 539,000 | -60.5% |
| GAMCO INVESTORS, INC. ET AL | High Conviction | Moderate Flow | $406,016 (0.1%) | 400,000 | - |
| Universal- Beteiligungs- und Servicegesellschaft mbH (CIK 0002057170) | High Conviction | Significant Flow | $256,677 (0.1%) | 250,000 | - |
| WELLINGTON MANAGEMENT GROUP LLP | High Conviction | Market Mover | $204,873 (0.0%) | 200,000 | -18.7% |
| SEI INVESTMENTS CO | High Conviction | Market Mover | $183,911 (0.0%) | 182,000 | - |
| OPPENHEIMER ASSET MANAGEMENT INC | Moderate Conviction | Moderate Flow | $82,861 (0.0%) | 82,000 | - |
| VIRTUS ETF ADVISERS LLC | Moderate Conviction | Low Flow | $47,494 (0.0%) | 47,000 | - |
| INSIGNEO ADVISORY SERVICES, LLC | High Conviction | Low Flow | $32,336 (0.0%) | 32,000 | 23.8% |
| STEPHENS INC /AR/ | High Conviction | Moderate Flow | $24,252 (0.0%) | 24,000 | - |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | High Conviction | Significant Flow | $19,038 (0.0%) | 19,000 | -20.0% |
| RAYMOND JAMES FINANCIAL INC | Moderate Conviction | Market Mover | $17,179 (0.0%) | 17,000 | NEW |
| BALBOA WEALTH PARTNERS | High Conviction | Low Flow | $13,085 (0.0%) | 13,000 | -6.6% |
| CORECAP ADVISORS, LLC | High Conviction | Moderate Flow | $3,020 (0.0%) | 3,000 | NEW |
| BNP PARIBAS INVESTMENT PARTNERS S.A. | Moderate Conviction | Low Flow | $1,273 (0.0%) | 1,250,000 | NEW |
| Erste Asset Management GmbH (CIK 0002024532) | High Conviction | Moderate Flow | $0 (0.0%) | 0 | - |
Implied Institutional Price History
Estimated from 13F aggregate market value ÷ shares reported across all institutional filers. Reflects quarter-end snapshot, not actual trade prices.
| Quarter | Filers | Institutional Value | Shares Held | Est. Avg Price |
|---|---|---|---|---|
| Q4 25 | 48 | $0.44B | 433,733,000 | $1.01 |
| Q3 25 | 50 | $0.46B | 453,575,000 | $1.01 |
| Q2 25 | 53 | $0.53B | 484,544,500 | $1.09 |
| Q1 25 | 43 | $0.47B | 447,976,500 | $1.04 |
Source: SEC 13F-HR filings. Implied price = aggregate market value ÷ shares reported. Not investment advice.