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Provident Financial Services
PFS

131 hedge funds and large institutions have $682M invested in Provident Financial Services in 2014 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 44 increasing their positions, 57 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 10

1% more funds holding

Funds holding: 130 → 131 (+1)

0.02% more ownership

Funds ownership: 61.77% → 61.79% (+0.02%)

4% less capital invested

Capital invested by funds: $714M → $682M (-$31.4M)

23% less repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 57

Holders
131
Holders Change
+1
Holders Change %
+0.77%
% of All Funds
3.78%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
11
Increased
44
Reduced
57
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KAM
Keeley Asset Management
Illinois
+$14.4M
2
PI
Putnam Investments
Massachusetts
+$7.32M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$2.69M
4
HAI
Hennessy Advisors Inc
California
+$1.99M
5
NFA
Nationwide Fund Advisors
Ohio
+$1.68M

Top Sellers

1
Bank of New York Mellon
Bank of New York Mellon
New York
-$14.7M
2
SONJCPFA
State of New Jersey Common Pension Fund A
New Jersey
-$2.35M
3
JP Morgan Chase
JP Morgan Chase
New York
-$1.74M
4
PIM
Perkins Investment Management
Illinois
-$1.29M
5
Millennium Management
Millennium Management
New York
-$1.11M
Name Holding Trade Value Shares
Change 		Change in
Stake
IG
26
ING Group
Netherlands
$4.6M – – –
California Public Employees Retirement System
27
California Public Employees Retirement System
California
$4.51M -$214K -11,800 -5%
BIM
28
BlackRock Investment Management
Delaware
$4.28M +$52.6K +2,904 +1%
BGIM
29
Brandywine Global Investment Management
Pennsylvania
$4.23M +$56.7K +3,130 +1%
Charles Schwab
30
Charles Schwab
California
$3.67M +$166K +9,157 +5%
RCAMU
31
Rothschild & Co Asset Management US
Connecticut
$3.24M -$212K -11,710 -6%
Invesco
32
Invesco
Georgia
$3.2M +$304K +16,776 +11%
RFC
33
Russell Frank Company
Washington
$3.19M +$210K +11,600 +7%
NFA
34
Nationwide Fund Advisors
Ohio
$3.06M +$1.68M +92,873 +127%
NI
35
Numeric Investors
Massachusetts
$3.04M -$538K -29,725 -15%
PPA
36
Parametric Portfolio Associates
Washington
$2.84M +$366K +20,215 +15%
BCM
37
Bridgeway Capital Management
Texas
$2.54M +$17.2K +950 +0.7%
Arrowstreet Capital
38
Arrowstreet Capital
Massachusetts
$2.52M +$174K +9,597 +8%
BT
39
Beacon Trust
New Jersey
$2.49M – – –
New York State Common Retirement Fund
40
New York State Common Retirement Fund
New York
$2.33M – – –
Jennison Associates
41
Jennison Associates
New York
$2.3M +$338K +18,670 +18%
JP Morgan Chase
42
JP Morgan Chase
New York
$2.19M -$1.74M -96,114 -45%
California State Teachers Retirement System (CalSTRS)
43
California State Teachers Retirement System (CalSTRS)
California
$1.99M +$7.24K +400 +0.4%
Public Sector Pension Investment Board (PSP Investments)
44
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.99M -$387K -21,400 -16%
Renaissance Technologies
45
Renaissance Technologies
New York
$1.98M +$236K +13,013 +14%
RhumbLine Advisers
46
RhumbLine Advisers
Massachusetts
$1.84M -$62.5K -3,450 -3%
AllianceBernstein
47
AllianceBernstein
Tennessee
$1.82M – – –
VOYA Investment Management
48
VOYA Investment Management
Georgia
$1.74M -$177K -9,779 -9%
Deutsche Bank
49
Deutsche Bank
Germany
$1.68M +$232K +12,815 +16%
Morgan Stanley
50
Morgan Stanley
New York
$1.59M +$127K +6,993 +9%
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PFS Hedge Fund Activity: Q1 2014 in Review

131 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q1 2014, worth a combined $682M — down 4.4% from $714M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new PFS positions and 10 closed out — a net gain of 1 holder — while 44 added to existing stakes and 57 trimmed.

The largest buyer was Keeley Asset Management, adding an estimated $14.4M. The largest seller was Bank of New York Mellon, cutting an estimated $14.7M.

  • 131 institutional investors held Provident Financial Services (PFS) as of Q1 2014, up from 130 in Q4 2013.
  • Funds reported $682M of Provident Financial Services stock for Q1 2014, down 4.4% quarter-over-quarter.
  • 11 funds opened new Provident Financial Services positions in Q1 2014 and 10 closed out, a net change of +1 holder.
  • The largest Provident Financial Services buyer in Q1 2014 was Keeley Asset Management, an estimated $14.4M added.
  • The largest Provident Financial Services seller in Q1 2014 was Bank of New York Mellon, an estimated $14.7M sold.

Based on aggregated 13F filings for Q1 2014.