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Provident Financial Services
PFS

147 hedge funds and large institutions have $658M invested in Provident Financial Services in 2014 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 59 increasing their positions, 42 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

340% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 5

40% more repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 42

12% more funds holding

Funds holding: 131 → 147 (+16)

1.25% more ownership

Funds ownership: 61.79% → 63.04% (+1.2%)

4% less capital invested

Capital invested by funds: $682M → $658M (-$24.3M)

Holders
147
Holders Change
+16
Holders Change %
+12.21%
% of All Funds
4.23%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
22
Increased
59
Reduced
42
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Norges Bank
Norges Bank
Norway
+$9.73M
2
Millennium Management
Millennium Management
New York
+$6.51M
3
KAM
Keeley Asset Management
Illinois
+$4.75M
4
BMCMI
Bryn Mawr Capital Management Inc
Pennsylvania
+$3.65M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$2.44M

Top Sellers

1
PIM
Perkins Investment Management
Illinois
-$13.2M
2
IG
ING Group
Netherlands
-$4.6M
3
BFA
BlackRock Fund Advisors
California
-$3.36M
4
American Century Companies
American Century Companies
Missouri
-$2.17M
5
AQR Capital Management
AQR Capital Management
Connecticut
-$2.06M
Name Holding Trade Value Shares
Change 		Change in
Stake
American Century Companies
26
American Century Companies
Missouri
$4.09M -$2.17M -124,675 -35%
BIM
27
BlackRock Investment Management
Delaware
$3.77M -$273K -15,700 -7%
BGIM
28
Brandywine Global Investment Management
Pennsylvania
$3.74M -$245K -14,100 -6%
BMCMI
29
Bryn Mawr Capital Management Inc
Pennsylvania
$3.64M +$3.65M +210,057 New
Charles Schwab
30
Charles Schwab
California
$3.52M +$63.6K +3,663 +2%
AQR Capital Management
31
AQR Capital Management
Connecticut
$3.46M -$2.06M -118,617 -37%
RCAMU
32
Rothschild & Co Asset Management US
Connecticut
$3.02M -$34K -1,959 -1%
Invesco
33
Invesco
Georgia
$2.98M -$36.7K -2,115 -1%
NI
34
Numeric Investors
Massachusetts
$2.94M +$78.2K +4,500 +3%
PPA
35
Parametric Portfolio Associates
Washington
$2.9M +$223K +12,811 +8%
NFA
36
Nationwide Fund Advisors
Ohio
$2.81M -$64.9K -3,737 -2%
RFC
37
Russell Frank Company
Washington
$2.59M -$328K -18,904 -11%
JP Morgan Chase
38
JP Morgan Chase
New York
$2.58M +$516K +29,695 +25%
BCM
39
Bridgeway Capital Management
Texas
$2.38M -$16.5K -950 -0.7%
Jennison Associates
40
Jennison Associates
New York
$2.37M +$204K +11,713 +9%
BT
41
Beacon Trust
New Jersey
$2.35M – – –
Deutsche Bank
42
Deutsche Bank
Germany
$2.27M +$692K +39,848 +44%
New York State Common Retirement Fund
43
New York State Common Retirement Fund
New York
$2.21M +$17.4K +1,000 +0.8%
Public Sector Pension Investment Board (PSP Investments)
44
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$2.04M +$165K +9,498 +9%
California State Teachers Retirement System (CalSTRS)
45
California State Teachers Retirement System (CalSTRS)
California
$1.91M +$27.8K +1,600 +1%
TC
46
TFS Capital
Pennsylvania
$1.9M +$1.9M +109,525 New
RhumbLine Advisers
47
RhumbLine Advisers
Massachusetts
$1.72M -$12.5K -718 -0.7%
AllianceBernstein
48
AllianceBernstein
Tennessee
$1.71M – – –
VOYA Investment Management
49
VOYA Investment Management
Georgia
$1.64M – – –
PIM
50
Perkins Investment Management
Illinois
$1.63M -$13.2M -757,227 -89%
1
2
3 4 5

PFS Hedge Fund Activity: Q2 2014 in Review

147 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q2 2014, worth a combined $658M — down 3.6% from $682M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new PFS positions and 5 closed out — a net gain of 17 holders — while 59 added to existing stakes and 42 trimmed.

The largest buyer was Norges Bank, adding an estimated $9.73M. The largest seller was Perkins Investment Management, cutting an estimated $13.2M.

  • 147 institutional investors held Provident Financial Services (PFS) as of Q2 2014, up from 131 in Q1 2014.
  • Funds reported $658M of Provident Financial Services stock for Q2 2014, down 3.6% quarter-over-quarter.
  • 22 funds opened new Provident Financial Services positions in Q2 2014 and 5 closed out, a net change of +17 holders.
  • The largest Provident Financial Services buyer in Q2 2014 was Norges Bank, an estimated $9.73M added.
  • The largest Provident Financial Services seller in Q2 2014 was Perkins Investment Management, an estimated $13.2M sold.

Based on aggregated 13F filings for Q2 2014.