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Provident Financial Services
PFS

169 hedge funds and large institutions have $1.15B invested in Provident Financial Services in 2019 Q1 according to their latest regulatory filings, with 26 funds opening new positions, 62 increasing their positions, 54 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

117% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 12

15% more repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 54

8% more funds holding

Funds holding: 157 → 169 (+12)

5% more capital invested

Capital invested by funds: $1.1B → $1.15B (+$50.1M)

1.46% less ownership

Funds ownership: 68.04% → 66.58% (-1.5%)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
169
Holders Change
+12
Holders Change %
+7.64%
% of All Funds
3.66%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
26
Increased
62
Reduced
54
Closed
12
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Millennium Management
Millennium Management
New York
+$7.41M
2
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$6.43M
3
MAM
Martingale Asset Management
Massachusetts
+$3.56M
4
Invesco
Invesco
Georgia
+$2.82M
5
State Street
State Street
Massachusetts
+$2.75M

Top Sellers

1
BIAS
Beacon Investment Advisory Services
New Jersey
-$25.6M
2
Thrivent Financial for Lutherans
Thrivent Financial for Lutherans
Minnesota
-$12.9M
3
DGHMC
Dalton, Greiner, Hartman, Maher & Co
New York
-$8.12M
4
MCM
Moore Capital Management
New York
-$6.39M
5
Ameriprise
Ameriprise
Minnesota
-$5.91M
Name Holding Trade Value Shares
Change 		Change in
Stake
BCM
26
Bridgeway Capital Management
Texas
$5.52M – – –
ZIM
27
Zacks Investment Management
Illinois
$5.26M +$23.3K +890 +0.4%
Wells Fargo
28
Wells Fargo
California
$4.97M +$734K +28,008 +17%
RhumbLine Advisers
29
RhumbLine Advisers
Massachusetts
$4.85M +$16.8K +639 +0.3%
BIAS
30
Beacon Investment Advisory Services
New Jersey
$4.72M -$25.6M -974,719 -84%
California Public Employees Retirement System
31
California Public Employees Retirement System
California
$4.67M -$318K -12,116 -6%
MAP
32
Moody Aldrich Partners
Massachusetts
$4.21M +$351K +13,386 +9%
Legal & General Group
33
Legal & General Group
United Kingdom
$4.11M +$335K +12,783 +9%
BGIM
34
Brandywine Global Investment Management
Pennsylvania
$3.95M +$20.3K +774 +0.5%
Bessemer Group
35
Bessemer Group
New Jersey
$3.66M +$1.71M +65,200 +86%
Thrivent Financial for Lutherans
36
Thrivent Financial for Lutherans
Minnesota
$3.65M -$12.9M -491,034 -78%
TA
37
Teachers Advisors
New York
$3.59M +$90K +3,433 +3%
PNC Financial Services Group
38
PNC Financial Services Group
Pennsylvania
$3.26M -$125K -4,768 -4%
Swiss National Bank
39
Swiss National Bank
Switzerland
$3M +$91.8K +3,500 +3%
3C
40
361 Capital
Colorado
$2.67M +$2.71M +103,277 New
Bank of America
41
Bank of America
North Carolina
$2.57M -$709K -27,044 -21%
HIM
42
Hillsdale Investment Management
Ontario, Canada
$2.45M +$1.95M +74,400 +365%
ASRS
43
Arizona State Retirement System
Arizona
$2.45M -$5.19K -198 -0.2%
California State Teachers Retirement System (CalSTRS)
44
California State Teachers Retirement System (CalSTRS)
California
$2.43M -$80.9K -3,086 -3%
Robeco Institutional Asset Management
45
Robeco Institutional Asset Management
Netherlands
$2.25M +$2.28M +87,056 New
Canada Life
46
Canada Life
Manitoba, Canada
$2.2M -$210 -8 -0%
AllianceBernstein
47
AllianceBernstein
Tennessee
$2.16M +$23.6K +900 +1%
Carson Wealth (CWM LLC)
48
Carson Wealth (CWM LLC)
Nebraska
$2.11M +$2.42M +92,343 New
Citadel Advisors
49
Citadel Advisors
Florida
$2.05M -$24K -916 -1%
Grantham, Mayo, Van Otterloo & Co (GMO)
50
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$1.99M +$2.01M +76,700 New
1
2
3 4 5

PFS Hedge Fund Activity: Q1 2019 in Review

169 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q1 2019, worth a combined $1.15B — up 4.6% from $1.1B a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new PFS positions and 12 closed out — a net gain of 14 holders — while 62 added to existing stakes and 54 trimmed.

The largest buyer was Millennium Management, adding an estimated $7.41M. The largest seller was Beacon Investment Advisory Services, cutting an estimated $25.6M.

  • 169 institutional investors held Provident Financial Services (PFS) as of Q1 2019, up from 157 in Q4 2018.
  • Funds reported $1.15B of Provident Financial Services stock for Q1 2019, up 4.6% quarter-over-quarter.
  • 26 funds opened new Provident Financial Services positions in Q1 2019 and 12 closed out, a net change of +14 holders.
  • The largest Provident Financial Services buyer in Q1 2019 was Millennium Management, an estimated $7.41M added.
  • The largest Provident Financial Services seller in Q1 2019 was Beacon Investment Advisory Services, an estimated $25.6M sold.

Based on aggregated 13F filings for Q1 2019.