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Provident Financial Services
PFS

125 hedge funds and large institutions have $598M invested in Provident Financial Services in 2013 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 53 increasing their positions, 35 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

143% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 7

51% more repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 35

8% more funds holding

Funds holding: 116 → 125 (+9)

3% more capital invested

Capital invested by funds: $578M → $598M (+$20.1M)

0.3% more ownership

Funds ownership: 61.42% → 61.72% (+0.3%)

Holders
125
Holders Change
+9
Holders Change %
+7.76%
% of All Funds
4.05%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
17
Increased
53
Reduced
35
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
IG
ING Group
Netherlands
+$4.22M
2
BFA
BlackRock Fund Advisors
California
+$3.93M
3
HAI
Hennessy Advisors Inc
California
+$3.29M
4
TA
Teachers Advisors
New York
+$2.77M
5
KAM
Keeley Asset Management
Illinois
+$2.3M

Top Sellers

1
ICM
IronBridge Capital Management
Illinois
-$13.3M
2
VOYA Investment Management
VOYA Investment Management
Georgia
-$9.86M
3
FG
FSI Group
Ohio
-$3.24M
4
AQR Capital Management
AQR Capital Management
Connecticut
-$1.75M
5
PIM
Perkins Investment Management
Illinois
-$1.59M
Name Holding Trade Value Shares
Change 		Change in
Stake
Jennison Associates
51
Jennison Associates
New York
$1.46M -$2.45K -145 -0.2%
CS
52
Credit Suisse
Switzerland
$1.41M +$436K +25,814 +42%
U
53
UBS
Switzerland
$1.41M +$82.1K +4,867 +6%
Millennium Management
54
Millennium Management
New York
$1.38M +$819K +48,499 +131%
Morgan Stanley
55
Morgan Stanley
New York
$1.27M +$261K +15,462 +25%
Los Angeles Capital Management
56
Los Angeles Capital Management
California
$1.25M +$357K +21,130 +38%
NFA
57
Nationwide Fund Advisors
Ohio
$1.22M +$17.1K +1,013 +1%
First Trust Advisors
58
First Trust Advisors
Illinois
$1.15M +$103K +6,088 +9%
SO
59
STRS Ohio
Ohio
$1.15M +$18.6K +1,100 +2%
CCMH
60
Cornerstone Capital Management Holdings
New York
$1.12M +$496K +29,400 +74%
BG
61
BlackRock Group
United Kingdom
$1.02M +$171K +10,143 +19%
RBA
62
Richard Bernstein Advisors
New York
$965K – – –
Comerica Bank
63
Comerica Bank
Texas
$954K +$38.5K +2,280 +4%
State of Tennessee, Department of Treasury
64
State of Tennessee, Department of Treasury
Tennessee
$934K +$972K +57,600 New
Barclays
65
Barclays
United Kingdom
$919K -$220K -13,042 -18%
TPSF
66
Texas Permanent School Fund
Texas
$915K -$64.3K -3,809 -6%
ProShare Advisors
67
ProShare Advisors
Maryland
$883K +$183K +10,862 +25%
MAM
68
Martingale Asset Management
Massachusetts
$836K +$10.1K +601 +1%
Royal Bank of Canada
69
Royal Bank of Canada
Ontario, Canada
$814K +$569K +33,707 +204%
MLICM
70
Metropolitan Life Insurance Company (MetLife)
New York
$809K -$8.42K -499 -1%
D.E. Shaw & Co
71
D.E. Shaw & Co
New York
$808K +$406K +24,035 +93%
Swiss National Bank
72
Swiss National Bank
Switzerland
$786K -$45.6K -2,700 -5%
Fidelity Investments
73
Fidelity Investments
Massachusetts
$780K +$812K +48,100 New
ASRS
74
Arizona State Retirement System
Arizona
$773K -$1.69K -100 -0.2%
AIG
75
American International Group
New York
$722K -$25K -1,484 -3%
1 2
3
4 5

PFS Hedge Fund Activity: Q3 2013 in Review

125 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q3 2013, worth a combined $598M — up 3.5% from $578M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new PFS positions and 7 closed out — a net gain of 10 holders — while 53 added to existing stakes and 35 trimmed.

The largest buyer was ING Group, opening a new position worth an estimated $4.22M. The largest seller was IronBridge Capital Management, exiting entirely with an estimated $13.3M sold.

  • 125 institutional investors held Provident Financial Services (PFS) as of Q3 2013, up from 116 in Q2 2013.
  • Funds reported $598M of Provident Financial Services stock for Q3 2013, up 3.5% quarter-over-quarter.
  • 17 funds opened new Provident Financial Services positions in Q3 2013 and 7 closed out, a net change of +10 holders.
  • The largest Provident Financial Services buyer in Q3 2013 was ING Group, an estimated $4.22M added.
  • The largest Provident Financial Services seller in Q3 2013 was IronBridge Capital Management, an estimated $13.3M sold.

Based on aggregated 13F filings for Q3 2013.