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Provident Financial Services
PFS

154 hedge funds and large institutions have $1.06B invested in Provident Financial Services in 2017 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 55 increasing their positions, 53 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% more repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 53

4% less capital invested

Capital invested by funds: $1.1B → $1.06B (-$44.6M)

1.68% less ownership

Funds ownership: 64.07% → 62.39% (-1.7%)

3% less funds holding

Funds holding: 159 → 154 (-5)

25% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 16

Holders
154
Holders Change
-5
Holders Change %
-3.14%
% of All Funds
3.84%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
55
Reduced
53
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AAM
Aberdeen Asset Management
United Kingdom
+$4.67M
2
Northern Trust
Northern Trust
Illinois
+$3.3M
3
MCA
Mendon Capital Advisors
Florida
+$3.1M
4
Wellington Management Group
Wellington Management Group
Massachusetts
+$2.35M
5
Deutsche Bank
Deutsche Bank
Germany
+$2.08M

Top Sellers

1
Principal Financial Group
Principal Financial Group
Iowa
-$17.3M
2
BCM
Bridgeway Capital Management
Texas
-$2.81M
3
Russell Investments Group
Russell Investments Group
United Kingdom
-$2.7M
4
JP Morgan Chase
JP Morgan Chase
New York
-$2.59M
5
KTA
Keeley-Teton Advisors
Illinois
-$2.06M
Name Holding Trade Value Shares
Change 		Change in
Stake
AAM
26
Aberdeen Asset Management
United Kingdom
$4.78M +$4.67M +188,162 New
HAI
27
Hennessy Advisors Inc
California
$4.64M -$186K -7,500 -4%
MAM
28
Martingale Asset Management
Massachusetts
$4.63M -$47.2K -1,900 -1%
Bank of America
29
Bank of America
North Carolina
$4.61M -$181K -7,277 -4%
PPA
30
Parametric Portfolio Associates
Washington
$4.26M +$638K +25,680 +18%
Millennium Management
31
Millennium Management
New York
$3.81M -$2M -80,516 -35%
Deutsche Bank
32
Deutsche Bank
Germany
$3.75M +$2.08M +83,631 +130%
BCM
33
Bridgeway Capital Management
Texas
$3.48M -$2.81M -113,200 -45%
RhumbLine Advisers
34
RhumbLine Advisers
Massachusetts
$3.23M +$13.1K +528 +0.4%
MCA
35
Mendon Capital Advisors
Florida
$3.17M +$3.1M +125,000 New
Morgan Stanley
36
Morgan Stanley
New York
$3.05M -$199K -8,031 -6%
Legal & General Group
37
Legal & General Group
United Kingdom
$3.04M +$246K +9,905 +9%
Citadel Advisors
38
Citadel Advisors
Florida
$3.03M +$986K +39,689 +50%
PI
39
PineBridge Investments
New York
$2.99M -$16.1K -650 -0.5%
JP Morgan Chase
40
JP Morgan Chase
New York
$2.95M -$2.59M -104,118 -47%
Royal Bank of Canada
41
Royal Bank of Canada
Ontario, Canada
$2.81M -$79.8K -3,211 -3%
California State Teachers Retirement System (CalSTRS)
42
California State Teachers Retirement System (CalSTRS)
California
$2.77M -$272K -10,959 -9%
Swiss National Bank
43
Swiss National Bank
Switzerland
$2.65M +$169K +6,800 +7%
Wells Fargo
44
Wells Fargo
California
$2.53M -$228K -9,162 -8%
Canada Life
45
Canada Life
Manitoba, Canada
$2.21M +$72K +2,900 +3%
Robeco Institutional Asset Management
46
Robeco Institutional Asset Management
Netherlands
$2.15M – – –
AllianceBernstein
47
AllianceBernstein
Tennessee
$2.15M +$52.2K +2,100 +3%
UBS Group
48
UBS Group
Switzerland
$1.99M +$6.86K +276 +0.4%
PI
49
Putnam Investments
Massachusetts
$1.96M -$964K -38,800 -33%
Bessemer Group
50
Bessemer Group
New Jersey
$1.88M -$51.8K -2,086 -3%
1
2
3 4 5

PFS Hedge Fund Activity: Q2 2017 in Review

154 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q2 2017, worth a combined $1.06B — down 4.1% from $1.1B a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of PFS and 12 opened new positions — a net loss of 4 holders — while 53 trimmed existing stakes and 55 added.

The largest buyer was Aberdeen Asset Management, opening a new position worth an estimated $4.67M. The largest seller was Principal Financial Group, cutting an estimated $17.3M.

  • 154 institutional investors held Provident Financial Services (PFS) as of Q2 2017, down from 159 in Q1 2017.
  • Funds reported $1.06B of Provident Financial Services stock for Q2 2017, down 4.1% quarter-over-quarter.
  • 12 funds opened new Provident Financial Services positions in Q2 2017 and 16 closed out, a net change of -4 holders.
  • The largest Provident Financial Services buyer in Q2 2017 was Aberdeen Asset Management, an estimated $4.67M added.
  • The largest Provident Financial Services seller in Q2 2017 was Principal Financial Group, an estimated $17.3M sold.

Based on aggregated 13F filings for Q2 2017.