Progress Software Corporation bonds PRGS
Who owns Progress Software Corporation's debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. PRGS stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 743312AD2 convertible | 3.5% fixed | 2030-03-01 | USD | 99.47 | — | — | 11 | $36.8M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Not enough US-dollar bonds with a yield.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 1 | $36.8M | 99.47 | — | — | 11 |
| Jun 2026 | 1 | $51.9M | 95.96 | — | — | 21 |
| May 2026 | 1 | $10.7M | 95.17 | — | — | 6 |
| Apr 2026 | 1 | $21.8M | 91.14 | — | — | 9 |
| Mar 2026 | 2 | $44.6M | 94.38 | — | — | 17 |
| Feb 2026 | 1 | $11.5M | 100.51 | — | — | 5 |
| Jan 2026 | 2 | $47.3M | 100.21 | — | — | 9 |
| Dec 2025 | 2 | $59.6M | 100.34 | — | — | 17 |
| Nov 2025 | 1 | $11.5M | 100.33 | — | — | 5 |
| Oct 2025 | 2 | $54.3M | 100.67 | — | — | 11 |
| Sep 2025 | 2 | $53.6M | 100.27 | — | — | 20 |
| Aug 2025 | 1 | $11.5M | 102.25 | — | — | 6 |
| Jul 2025 | 2 | $55.9M | 102.94 | — | — | 10 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 9 added, 8 cut, 7 new holders and 0 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| NYLIM MacKay Convertible Fund NYLIM FUNDS | 2026-07-31 | $12.8M | $12.7M | $0 |
| NYLIM VP MacKay Convertible Portfolio NYLIM VP FUNDS TRUST | 2026-06-30 | $12.3M | $11.8M | $0 |
| ABSOLUTE CONVERTIBLE ARBITRAGE FUND Unified Series Trust | 2026-06-30 | $11.3M | $10.9M | $718K |
| iShares Convertible Bond ETF iShares Trust | 2026-07-31 | $8.8M | $8.7M | $1.8M |
| AQR Diversified Arbitrage Fund AQR Funds | 2026-06-30 | $9.1M | $8.7M | -$300K |
| Miller Convertible Bond Fund Miller Investment Trust | 2026-07-31 | $8.0M | $8.0M | new |
| Columbia Flexible Capital Income Fund Columbia Funds Series Trust II | 2026-05-31 | $7.0M | $6.7M | $500K |
| State Street(R) SPDR(R) Bloomberg Convertible Securities ETF SPDR SERIES TRUST | 2026-06-30 | $6.4M | $6.1M | $525K |
| TRI-CONTINENTAL Corp | 2026-06-30 | $5.8M | $5.6M | $0 |
| American Beacon SSI Alternative Income Fund AMERICAN BEACON FUNDS | 2026-06-30 | $4.6M | $4.4M | $949K |
| Miller Intermediate Bond Fund Miller Investment Trust | 2026-07-31 | $3.0M | $3.0M | new |
| Global Opportunities Portfolio | 2026-07-31 | $2.7M | $2.7M | $0 |
| Fidelity Convertible Securities Fund Fidelity Financial Trust | 2026-05-31 | $2.7M | $2.6M | $0 |
| FS Multi-Strategy Alternatives Fund ADVISORS' INNER CIRCLE III | 2026-06-30 | $1.5M | $1.4M | new |
| Fidelity Strategic Dividend and Income Fund Fidelity Salem Street Trust | 2026-05-31 | $1.1M | $1.1M | -$135K |
| Strategic Alternatives Fund GuideStone Funds | 2026-06-30 | $1.0M | $987K | $0 |
| ABSOLUTE FLEXIBLE FUND Unified Series Trust | 2026-06-30 | $1.0M | $961K | $500K |
| Morningstar Alternatives Fund Morningstar Funds Trust | 2026-07-31 | $826K | $820K | $0 |
| THRIVENT CONSERVATIVE ALLOCATION FUND Thrivent Mutual Funds | 2026-06-30 | $360K | $344K | -$9K |
| Advent Convertible Bond ETF RBB Fund Trust | 2026-05-31 | $344K | $328K | -$472K |
| Harbor Ares Systematic Convertible Securities Fund HARBOR FUNDS | 2026-07-31 | $300K | $299K | $200K |
| THRIVENT MULTISECTOR BOND FUND Thrivent Mutual Funds | 2026-07-31 | $257K | $255K | -$9K |
| THRIVENT CONSERVATIVE ALLOCATION PORTFOLIO Thrivent Series Fund, Inc. | 2026-06-30 | $219K | $209K | -$13K |
| Virtus Newfleet Multi-Sector Bond ETF ETFis Series Trust I | 2026-07-31 | $143K | $142K | $108K |
| THRIVENT DYNAMIC ALLOCATION FUND Thrivent Mutual Funds | 2026-07-31 | $136K | $135K | $0 |
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| ICVT iShares Convertible Bond ETF | 2026-07-31 | 1 | $8.8M | $8.7M | 0.12% |
| CWB State Street(R) SPDR(R) Bloomberg Convertible Securities ETF | 2026-06-30 | 1 | $6.4M | $6.1M | 0.10% |
| ACVT Advent Convertible Bond ETF | 2026-05-31 | 1 | $344K | $328K | 1.02% |
| NFLT Virtus Newfleet Multi-Sector Bond ETF | 2026-07-31 | 1 | $143K | $142K | 0.03% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 3.18: safer than 27% of companies (25th percentile in Technology). Market-implied, prices to 2026-10-16, balance sheet 2026-08-31.
| Equity value | $1.73B |
| Debt barrier (short-term + ½ long-term debt) | $624.1M |
| Equity volatility (1 year) | 54.1% |
| Asset value / asset volatility (solved) | $2.33B / 40.2% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
No US-dollar bond with a yield to compute it from.
Accounts: Altman Z
Altman Z'' = 0.74 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in PRGS's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 27 | $12.8M | 0 | — | 0 | — | 2 |
| 2026-06-30 | 281 | $1.49B | 12 | $9.9M | 10 | $12.4M | 40 |
| 2026-03-31 | 278 | $960.5M | 11 | $10.7M | 12 | $11.7M | 55 |
| 2025-12-31 | 297 | $1.92B | 10 | $19.6M | 13 | $92.1M | 55 |
| 2025-09-30 | 298 | $2.04B | 17 | $83.0M | 15 | $66.2M | 57 |
| 2025-06-30 | 341 | $3.09B | 7 | $65.1M | 7 | $25.0M | 62 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.