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Provident Financial Services
PFS

130 hedge funds and large institutions have $714M invested in Provident Financial Services in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 50 increasing their positions, 46 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 7

19% more capital invested

Capital invested by funds: $598M → $714M (+$115M)

4% more funds holding

Funds holding: 125 → 130 (+5)

9% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 46

0.05% more ownership

Funds ownership: 61.72% → 61.77% (+0.05%)

Holders
130
Holders Change
+5
Holders Change %
+4%
% of All Funds
3.77%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
50
Reduced
46
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$7.83M
2
TA
Teachers Advisors
New York
+$3.8M
3
HAI
Hennessy Advisors Inc
California
+$3.04M
4
Goldman Sachs
Goldman Sachs
New York
+$2.76M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$2.35M

Top Sellers

1
BA
BlackRock Advisors
Delaware
-$10.7M
2
PIM
Perkins Investment Management
Illinois
-$6.23M
3
Deutsche Bank
Deutsche Bank
Germany
-$3.59M
4
KCM
Kennedy Capital Management
Missouri
-$2.23M
5
Renaissance Technologies
Renaissance Technologies
New York
-$2.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
IG
26
ING Group
Netherlands
$4.83M – – –
BIM
27
BlackRock Investment Management
Delaware
$4.45M -$97.2K -5,279 -2%
BGIM
28
Brandywine Global Investment Management
Pennsylvania
$4.39M +$344K +18,700 +9%
JP Morgan Chase
29
JP Morgan Chase
New York
$4.16M -$738K -40,091 -16%
NI
30
Numeric Investors
Massachusetts
$3.77M +$1.6M +86,905 +80%
Charles Schwab
31
Charles Schwab
California
$3.69M +$122K +6,639 +4%
RCAMU
32
Rothschild & Co Asset Management US
Connecticut
$3.64M -$770K -41,838 -18%
SONJCPFA
33
State of New Jersey Common Pension Fund A
New Jersey
$3.48M – – –
Invesco
34
Invesco
Georgia
$3.05M +$259K +14,093 +10%
RFC
35
Russell Frank Company
Washington
$2.87M +$818K +44,437 +38%
BCM
36
Bridgeway Capital Management
Texas
$2.65M – – –
BT
37
Beacon Trust
New Jersey
$2.62M -$97.4K -5,290 -4%
PPA
38
Parametric Portfolio Associates
Washington
$2.6M +$636K +34,541 +35%
Public Sector Pension Investment Board (PSP Investments)
39
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$2.51M +$29.5K +1,600 +1%
Arrowstreet Capital
40
Arrowstreet Capital
Massachusetts
$2.46M +$2.35M +127,523 New
New York State Common Retirement Fund
41
New York State Common Retirement Fund
New York
$2.45M – – –
California State Teachers Retirement System (CalSTRS)
42
California State Teachers Retirement System (CalSTRS)
California
$2.09M +$12.9K +700 +0.7%
Jennison Associates
43
Jennison Associates
New York
$2.06M +$307K +16,676 +19%
VOYA Investment Management
44
VOYA Investment Management
Georgia
$2.02M – – –
RhumbLine Advisers
45
RhumbLine Advisers
Massachusetts
$2M -$113K -6,140 -6%
First Trust Advisors
46
First Trust Advisors
Illinois
$1.95M +$547K +29,705 +42%
State Board of Administration of Florida Retirement System
47
State Board of Administration of Florida Retirement System
Florida
$1.92M +$2.65K +144 +0.1%
AllianceBernstein
48
AllianceBernstein
Tennessee
$1.91M -$342K -18,600 -16%
Bank of America
49
Bank of America
North Carolina
$1.88M -$1.89M -102,813 -51%
Renaissance Technologies
50
Renaissance Technologies
New York
$1.83M -$2.1M -113,840 -55%
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3 4 5

PFS Hedge Fund Activity: Q4 2013 in Review

130 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q4 2013, worth a combined $714M — up 19% from $598M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new PFS positions and 7 closed out — a net gain of 5 holders — while 50 added to existing stakes and 46 trimmed.

The largest buyer was Acadian Asset Management, opening a new position worth an estimated $7.83M. The largest seller was BlackRock Advisors, cutting an estimated $10.7M.

  • 130 institutional investors held Provident Financial Services (PFS) as of Q4 2013, up from 125 in Q3 2013.
  • Funds reported $714M of Provident Financial Services stock for Q4 2013, up 19% quarter-over-quarter.
  • 12 funds opened new Provident Financial Services positions in Q4 2013 and 7 closed out, a net change of +5 holders.
  • The largest Provident Financial Services buyer in Q4 2013 was Acadian Asset Management, an estimated $7.83M added.
  • The largest Provident Financial Services seller in Q4 2013 was BlackRock Advisors, an estimated $10.7M sold.

Based on aggregated 13F filings for Q4 2013.