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Provident Financial Services

149 hedge funds and large institutions have $570M invested in Provident Financial Services in 2020 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 54 increasing their positions, 46 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

12,800% more call options, than puts

Call options by funds: $645K | Put options by funds: $5K

17% more repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 46

0.15% more ownership

Funds ownership: 66.87%67.02% (+0.15%)

11% less funds holding

Funds holding: 167149 (-18)

43% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 37

48% less capital invested

Capital invested by funds: $1.09B → $570M (-$518M)

Holders
149
Holders Change
-18
Holders Change %
-10.78%
% of All Funds
3.28%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
21
Increased
54
Reduced
46
Closed
37
Calls
$645K
Puts
$5K
Net Calls
+$640K
Net Calls Change
-$171K
Name Holding Trade Value Shares
Change
Change in
Stake
RhumbLine Advisers
26
RhumbLine Advisers
Massachusetts
$2.83M +$160K +7,855 +4%
Morgan Stanley
27
Morgan Stanley
New York
$2.48M -$2.71M -133,282 -41%
Legal & General Group
28
Legal & General Group
United Kingdom
$2.39M +$215K +10,590 +6%
Carson Wealth (CWM LLC)
29
Carson Wealth (CWM LLC)
Nebraska
$2.11M
BIAS
30
Beacon Investment Advisory Services
New Jersey
$2.1M -$9.3K -458 -0.3%
PPA
31
Parametric Portfolio Associates
Washington
$2.03M -$1.67M -82,179 -34%
Wells Fargo
32
Wells Fargo
California
$1.98M +$30.2K +1,486 +1%
Russell Investments Group
33
Russell Investments Group
United Kingdom
$1.87M +$552K +27,179 +23%
California Public Employees Retirement System
34
California Public Employees Retirement System
California
$1.78M -$219K -10,800 -7%
Public Sector Pension Investment Board (PSP Investments)
35
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.73M
BGIM
36
Brandywine Global Investment Management
Pennsylvania
$1.67M -$193K -9,493 -7%
State of New Jersey Common Pension Fund D
37
State of New Jersey Common Pension Fund D
New Jersey
$1.6M
Swiss National Bank
38
Swiss National Bank
Switzerland
$1.56M
WG
39
Winton Group
United Kingdom
$1.35M +$511K +25,180 +32%
MAM
40
Martingale Asset Management
Massachusetts
$1.29M -$579K -28,500 -22%
AllianceBernstein
41
AllianceBernstein
Tennessee
$1.22M -$20.9K -1,030 -1%
Los Angeles Capital Management
42
Los Angeles Capital Management
California
$1.21M +$1.46M +71,660 +322%
First Trust Advisors
43
First Trust Advisors
Illinois
$1.2M +$44.1K +2,171 +2%
California State Teachers Retirement System (CalSTRS)
44
California State Teachers Retirement System (CalSTRS)
California
$1.19M -$32K -1,573 -2%
Two Sigma Advisers
45
Two Sigma Advisers
New York
$1.09M +$1.24M +61,172 +257%
Two Sigma Investments
46
Two Sigma Investments
New York
$1.04M +$1.64M +80,932 New
D.E. Shaw & Co
47
D.E. Shaw & Co
New York
$1.01M +$938K +46,182 +143%
Canada Life
48
Canada Life
Manitoba, Canada
$1.01M +$36.8K +1,813 +2%
GT
49
Glenmede Trust
Pennsylvania
$950K
New York State Common Retirement Fund
50
New York State Common Retirement Fund
New York
$926K +$116K +5,700 +9%

PFS Hedge Fund Activity: Q1 2020 in Review

149 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q1 2020, worth a combined $570M — down 48% from $1.09B a quarter earlier.

Sellers outnumbered buyers: 37 funds closed out of PFS and 21 opened new positions — a net loss of 16 holders — while 46 trimmed existing stakes and 54 added.

The largest buyer was JP Morgan Chase, adding an estimated $12.3M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $7.08M.

  • 149 institutional investors held Provident Financial Services (PFS) as of Q1 2020, down from 167 in Q4 2019.
  • Funds reported $570M of Provident Financial Services stock for Q1 2020, down 48% quarter-over-quarter.
  • 21 funds opened new Provident Financial Services positions in Q1 2020 and 37 closed out, a net change of -16 holders.
  • The largest Provident Financial Services buyer in Q1 2020 was JP Morgan Chase, an estimated $12.3M added.
  • The largest Provident Financial Services seller in Q1 2020 was Manulife (Manufacturers Life Insurance), an estimated $7.08M sold.

Based on aggregated 13F filings for Q1 2020.