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Provident Financial Services
PFS

130 hedge funds and large institutions have $714M invested in Provident Financial Services in 2013 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 50 increasing their positions, 46 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 7

19% more capital invested

Capital invested by funds: $598M → $714M (+$115M)

4% more funds holding

Funds holding: 125 → 130 (+5)

9% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 46

0.05% more ownership

Funds ownership: 61.72% → 61.77% (+0.05%)

Holders
130
Holders Change
+5
Holders Change %
+4%
% of All Funds
3.77%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
50
Reduced
46
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$7.83M
2
TA
Teachers Advisors
New York
+$3.8M
3
HAI
Hennessy Advisors Inc
California
+$3.04M
4
Goldman Sachs
Goldman Sachs
New York
+$2.76M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$2.35M

Top Sellers

1
BA
BlackRock Advisors
Delaware
-$10.7M
2
PIM
Perkins Investment Management
Illinois
-$6.23M
3
Deutsche Bank
Deutsche Bank
Germany
-$3.59M
4
KCM
Kennedy Capital Management
Missouri
-$2.23M
5
Renaissance Technologies
Renaissance Technologies
New York
-$2.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
CS
51
Credit Suisse
Switzerland
$1.75M +$73K +3,968 +5%
U
52
UBS
Switzerland
$1.61M -$57.7K -3,137 -4%
Morgan Stanley
53
Morgan Stanley
New York
$1.54M +$27K +1,466 +2%
Deutsche Bank
54
Deutsche Bank
Germany
$1.52M -$3.59M -195,009 -71%
Millennium Management
55
Millennium Management
New York
$1.5M -$146K -7,914 -9%
Los Angeles Capital Management
56
Los Angeles Capital Management
California
$1.49M – – –
NFA
57
Nationwide Fund Advisors
Ohio
$1.42M -$29.2K -1,588 -2%
GT
58
Glenmede Trust
Pennsylvania
$1.38M +$515K +27,999 +64%
RBA
59
Richard Bernstein Advisors
New York
$1.36M +$196K +10,675 +18%
BG
60
BlackRock Group
United Kingdom
$1.33M +$115K +6,223 +10%
NCCM
61
Nine Chapters Capital Management
New Jersey
$1.21M +$427K +23,200 +59%
Federated Hermes
62
Federated Hermes
Pennsylvania
$1.09M +$658K +35,750 +175%
TPSF
63
Texas Permanent School Fund
Texas
$1.08M -$6.09K -331 -0.6%
Comerica Bank
64
Comerica Bank
Texas
$1.08M -$52.5K -2,851 -5%
SO
65
STRS Ohio
Ohio
$1.08M -$276K -15,000 -21%
State of Tennessee, Department of Treasury
66
State of Tennessee, Department of Treasury
Tennessee
$1.07M -$36.8K -2,000 -3%
Jacobs Levy Equity Management
67
Jacobs Levy Equity Management
New Jersey
$1.06M +$407K +22,100 +67%
MLICM
68
Metropolitan Life Insurance Company (MetLife)
New York
$976K +$10.7K +581 +1%
TC
69
TFS Capital
Pennsylvania
$973K +$558K +30,289 +151%
MAM
70
Martingale Asset Management
Massachusetts
$953K -$40.5K -2,200 -4%
Swiss National Bank
71
Swiss National Bank
Switzerland
$937K – – –
AIG
72
American International Group
New York
$865K +$3.35K +182 +0.4%
ASRS
73
Arizona State Retirement System
Arizona
$819K -$97.6K -5,300 -11%
Barclays
74
Barclays
United Kingdom
$813K -$271K -14,712 -26%
Citigroup
75
Citigroup
New York
$808K +$443K +24,064 +136%
1 2
3
4 5

PFS Hedge Fund Activity: Q4 2013 in Review

130 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q4 2013, worth a combined $714M — up 19% from $598M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new PFS positions and 7 closed out — a net gain of 5 holders — while 50 added to existing stakes and 46 trimmed.

The largest buyer was Acadian Asset Management, opening a new position worth an estimated $7.83M. The largest seller was BlackRock Advisors, cutting an estimated $10.7M.

  • 130 institutional investors held Provident Financial Services (PFS) as of Q4 2013, up from 125 in Q3 2013.
  • Funds reported $714M of Provident Financial Services stock for Q4 2013, up 19% quarter-over-quarter.
  • 12 funds opened new Provident Financial Services positions in Q4 2013 and 7 closed out, a net change of +5 holders.
  • The largest Provident Financial Services buyer in Q4 2013 was Acadian Asset Management, an estimated $7.83M added.
  • The largest Provident Financial Services seller in Q4 2013 was BlackRock Advisors, an estimated $10.7M sold.

Based on aggregated 13F filings for Q4 2013.