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Provident Financial Services
PFS

141 hedge funds and large institutions have $626M invested in Provident Financial Services in 2014 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 61 increasing their positions, 44 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

39% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 44

5% less capital invested

Capital invested by funds: $658M → $626M (-$32.4M)

4% less funds holding

Funds holding: 147 → 141 (-6)

4.46% less ownership

Funds ownership: 63.04% → 58.58% (-4.5%)

40% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 15

Holders
141
Holders Change
-6
Holders Change %
-4.08%
% of All Funds
4.09%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
61
Reduced
44
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MCM
Maltese Capital Management
New York
+$3.53M
2
Millennium Management
Millennium Management
New York
+$3.03M
3
Renaissance Technologies
Renaissance Technologies
New York
+$2.93M
4
Deutsche Bank
Deutsche Bank
Germany
+$2.28M
5
BMCMI
Bryn Mawr Capital Management Inc
Pennsylvania
+$2.02M

Top Sellers

Rank Fund Capital Flow
1
Norges Bank
Norges Bank
Norway
-$9.47M
2
American Century Companies
American Century Companies
Missouri
-$4.09M
3
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$3.25M
4
PIM
Perkins Investment Management
Illinois
-$1.63M
5
BFA
BlackRock Fund Advisors
California
-$1.58M
Name Holding Trade Value Shares
Change 		Change in
Stake
Renaissance Technologies
26
Renaissance Technologies
New York
$4.12M +$2.93M +173,514 +223%
California Public Employees Retirement System
27
California Public Employees Retirement System
California
$4.07M +$35.5K +2,100 +0.9%
BGIM
28
Brandywine Global Investment Management
Pennsylvania
$4.06M +$542K +32,040 +15%
Arrowstreet Capital
29
Arrowstreet Capital
Massachusetts
$3.94M -$614K -36,307 -13%
Acadian Asset Management
30
Acadian Asset Management
Massachusetts
$3.85M -$3.25M -192,406 -45%
RFC
31
Russell Frank Company
Washington
$3.62M +$1.12M +66,239 +43%
BIM
32
BlackRock Investment Management
Delaware
$3.6M +$41.4K +2,451 +1%
Charles Schwab
33
Charles Schwab
California
$3.39M +$61.6K +3,646 +2%
RCAMU
34
Rothschild & Co Asset Management US
Connecticut
$2.93M +$71.5K +4,230 +2%
Federated Hermes
35
Federated Hermes
Pennsylvania
$2.89M +$2.01M +118,817 +206%
PPA
36
Parametric Portfolio Associates
Washington
$2.79M +$53.9K +3,186 +2%
Invesco
37
Invesco
Georgia
$2.79M -$31K -1,831 -1%
NFA
38
Nationwide Fund Advisors
Ohio
$2.79M +$130K +7,669 +5%
Jennison Associates
39
Jennison Associates
New York
$2.77M +$549K +32,498 +24%
NI
40
Numeric Investors
Massachusetts
$2.68M -$105K -6,200 -4%
Citadel Advisors
41
Citadel Advisors
Florida
$2.61M +$1.17M +69,167 +77%
BCM
42
Bridgeway Capital Management
Texas
$2.24M – – –
BT
43
Beacon Trust
New Jersey
$2.22M – – –
Morgan Stanley
44
Morgan Stanley
New York
$2.16M +$1.39M +82,125 +164%
AQR Capital Management
45
AQR Capital Management
Connecticut
$2.16M -$1.15M -68,290 -34%
JP Morgan Chase
46
JP Morgan Chase
New York
$2.13M -$318K -18,832 -13%
First Trust Advisors
47
First Trust Advisors
Illinois
$1.93M +$711K +42,081 +55%
California State Teachers Retirement System (CalSTRS)
48
California State Teachers Retirement System (CalSTRS)
California
$1.82M +$20.8K +1,232 +1%
New York State Common Retirement Fund
49
New York State Common Retirement Fund
New York
$1.73M -$375K -22,175 -17%
Bank of America
50
Bank of America
North Carolina
$1.73M +$860K +50,898 +93%
1
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3 4 5

PFS Hedge Fund Activity: Q3 2014 in Review

141 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q3 2014, worth a combined $626M — down 4.9% from $658M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of PFS and 9 opened new positions — a net loss of 6 holders — while 44 trimmed existing stakes and 61 added.

The largest buyer was Maltese Capital Management, adding an estimated $3.53M. The largest seller was Norges Bank, cutting an estimated $9.47M.

  • 141 institutional investors held Provident Financial Services (PFS) as of Q3 2014, down from 147 in Q2 2014.
  • Funds reported $626M of Provident Financial Services stock for Q3 2014, down 4.9% quarter-over-quarter.
  • 9 funds opened new Provident Financial Services positions in Q3 2014 and 15 closed out, a net change of -6 holders.
  • The largest Provident Financial Services buyer in Q3 2014 was Maltese Capital Management, an estimated $3.53M added.
  • The largest Provident Financial Services seller in Q3 2014 was Norges Bank, an estimated $9.47M sold.

Based on aggregated 13F filings for Q3 2014.