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Provident Financial Services
PFS

206 hedge funds and large institutions have $805M invested in Provident Financial Services in 2024 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 70 increasing their positions, 67 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

982% more call options, than puts

Call options by funds: $411K | Put options by funds: $38K

57% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 23

7% more funds holding

Funds holding: 193 → 206 (+13)

4% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 67

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1.11% less ownership

Funds ownership: 74.08% → 72.98% (-1.1%)

20% less capital invested

Capital invested by funds: $1.01B → $805M (-$205M)

Holders
206
Holders Change
+13
Holders Change %
+6.74%
% of All Funds
2.97%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
36
Increased
70
Reduced
67
Closed
23
Calls
$411K
Puts
$38K
Net Calls
+$373K
Net Calls Change
+$477K

Top Buyers

1
Balyasny Asset Management
Balyasny Asset Management
Illinois
+$9.91M
2
CSS
Cubist Systematic Strategies
Connecticut
+$4.44M
3
AQR Capital Management
AQR Capital Management
Connecticut
+$4.33M
4
Two Sigma Investments
Two Sigma Investments
New York
+$4.07M
5
Voloridge Investment Management
Voloridge Investment Management
Florida
+$3.78M

Top Sellers

1
WHG
Westwood Holdings Group
Texas
-$28.1M
2
Morgan Stanley
Morgan Stanley
New York
-$17M
3
N
Nuveen
North Carolina
-$6.6M
4
Victory Capital Management
Victory Capital Management
Texas
-$5.56M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$4.41M
Name Holding Trade Value Shares
Change 		Change in
Stake
MCA
26
Mendon Capital Advisors
Florida
$4.74M -$409K -25,721 -8%
CSS
27
Cubist Systematic Strategies
Connecticut
$4.41M +$4.44M +279,293 +1,198%
CRC
28
Curi RMB Capital
Illinois
$4.37M – – –
Two Sigma Investments
29
Two Sigma Investments
New York
$4.31M +$4.07M +256,264 +651%
HF
30
HRT Financial
New York
$4.29M +$1.03M +64,811 +28%
Squarepoint
31
Squarepoint
New York
$4.17M +$2.64M +165,853 +138%
Victory Capital Management
32
Victory Capital Management
Texas
$4.09M -$5.56M -349,674 -55%
N
33
Nuveen
North Carolina
$3.55M -$6.6M -415,100 -63%
RhumbLine Advisers
34
RhumbLine Advisers
Massachusetts
$3.53M +$9.47K +596 +0.2%
First Trust Advisors
35
First Trust Advisors
Illinois
$3.29M -$71.8K -4,519 -2%
Citigroup
36
Citigroup
New York
$3.18M +$419K +26,356 +14%
Legal & General Group
37
Legal & General Group
United Kingdom
$2.95M +$39.1K +2,461 +1%
BIAS
38
Beacon Investment Advisory Services
New Jersey
$2.94M +$7.95K +500 +0.2%
VOYA Investment Management
39
VOYA Investment Management
Georgia
$2.74M +$510K +32,063 +21%
D.E. Shaw & Co
40
D.E. Shaw & Co
New York
$2.69M +$2.59M +162,807 +757%
EF
41
Empowered Funds
Pennsylvania
$2.63M -$246K -15,464 -8%
SEI Investments
42
SEI Investments
Pennsylvania
$2.54M -$428K -26,928 -13%
Prudential Financial
43
Prudential Financial
New Jersey
$2.49M -$55.6K -3,500 -2%
Bank of America
44
Bank of America
North Carolina
$2.38M +$755K +47,507 +41%
Thrivent Financial for Lutherans
45
Thrivent Financial for Lutherans
Minnesota
$2.36M +$187K +11,745 +8%
Barclays
46
Barclays
United Kingdom
$2.31M -$458K -28,826 -15%
Public Sector Pension Investment Board (PSP Investments)
47
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$2.28M – – –
Rafferty Asset Management
48
Rafferty Asset Management
New York
$2.17M +$313K +19,720 +15%
BGIM
49
Brandywine Global Investment Management
Pennsylvania
$2.14M -$19.1K -1,205 -0.8%
Swiss National Bank
50
Swiss National Bank
Switzerland
$2.06M – – –
1
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PFS Hedge Fund Activity: Q1 2024 in Review

206 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q1 2024, worth a combined $805M — down 20% from $1.01B a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new PFS positions and 23 closed out — a net gain of 13 holders — while 70 added to existing stakes and 67 trimmed.

The largest buyer was Balyasny Asset Management, opening a new position worth an estimated $9.91M. The largest seller was Westwood Holdings Group, cutting an estimated $28.1M.

  • 206 institutional investors held Provident Financial Services (PFS) as of Q1 2024, up from 193 in Q4 2023.
  • Funds reported $805M of Provident Financial Services stock for Q1 2024, down 20% quarter-over-quarter.
  • 36 funds opened new Provident Financial Services positions in Q1 2024 and 23 closed out, a net change of +13 holders.
  • The largest Provident Financial Services buyer in Q1 2024 was Balyasny Asset Management, an estimated $9.91M added.
  • The largest Provident Financial Services seller in Q1 2024 was Westwood Holdings Group, an estimated $28.1M sold.

Based on aggregated 13F filings for Q1 2024.