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Provident Financial Services
PFS

147 hedge funds and large institutions have $658M invested in Provident Financial Services in 2014 Q2 according to their latest regulatory filings, with 22 funds opening new positions, 59 increasing their positions, 42 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

340% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 5

40% more repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 42

12% more funds holding

Funds holding: 131 → 147 (+16)

1.25% more ownership

Funds ownership: 61.79% → 63.04% (+1.2%)

4% less capital invested

Capital invested by funds: $682M → $658M (-$24.3M)

Holders
147
Holders Change
+16
Holders Change %
+12.21%
% of All Funds
4.23%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
22
Increased
59
Reduced
42
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Norges Bank
Norges Bank
Norway
+$9.73M
2
Millennium Management
Millennium Management
New York
+$6.51M
3
KAM
Keeley Asset Management
Illinois
+$4.75M
4
BMCMI
Bryn Mawr Capital Management Inc
Pennsylvania
+$3.65M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$2.44M

Top Sellers

1
PIM
Perkins Investment Management
Illinois
-$13.2M
2
IG
ING Group
Netherlands
-$4.6M
3
BFA
BlackRock Fund Advisors
California
-$3.36M
4
American Century Companies
American Century Companies
Missouri
-$2.17M
5
AQR Capital Management
AQR Capital Management
Connecticut
-$2.06M
Name Holding Trade Value Shares
Change 		Change in
Stake
Citadel Advisors
51
Citadel Advisors
Florida
$1.56M +$664K +38,193 +73%
PGFC
52
Peapack-Gladstone Financial Corp
New Jersey
$1.54M +$1.26M +72,673 +454%
U
53
UBS
Switzerland
$1.45M +$99.7K +5,736 +7%
Renaissance Technologies
54
Renaissance Technologies
New York
$1.35M -$520K -29,936 -28%
Los Angeles Capital Management
55
Los Angeles Capital Management
California
$1.33M -$10.4K -600 -0.8%
First Trust Advisors
56
First Trust Advisors
Illinois
$1.31M -$16.5K -947 -1%
GT
57
Glenmede Trust
Pennsylvania
$1.23M -$347 -20 -0%
RBA
58
Richard Bernstein Advisors
New York
$1.22M – – –
MCM
59
Maltese Capital Management
New York
$1.21M +$1.22M +70,000 New
CS
60
Credit Suisse
Switzerland
$1.21M +$220K +12,638 +22%
SCM
61
Sterling Capital Management
North Carolina
$1.2M +$27.5K +1,583 +2%
State Board of Administration of Florida Retirement System
62
State Board of Administration of Florida Retirement System
Florida
$1.15M – – –
MAM
63
Martingale Asset Management
Massachusetts
$1.12M +$311K +17,900 +38%
NCCM
64
Nine Chapters Capital Management
New Jersey
$1.11M +$250K +14,400 +29%
Swiss National Bank
65
Swiss National Bank
Switzerland
$1.08M – – –
Federated Hermes
66
Federated Hermes
Pennsylvania
$998K +$32.2K +1,852 +3%
Bank of America
67
Bank of America
North Carolina
$947K -$87.4K -5,033 -8%
SO
68
STRS Ohio
Ohio
$947K +$15.6K +900 +2%
TPSF
69
Texas Permanent School Fund
Texas
$939K +$625 +36 +0.1%
BG
70
BlackRock Group
United Kingdom
$938K -$135K -7,763 -13%
Comerica Bank
71
Comerica Bank
Texas
$932K -$8.39K -483 -0.9%
CCMH
72
Cornerstone Capital Management Holdings
New York
$924K +$797K +45,850 +607%
State of New Jersey Common Pension Fund D
73
State of New Jersey Common Pension Fund D
New Jersey
$866K +$869K +50,000 New
MLICM
74
Metropolitan Life Insurance Company (MetLife)
New York
$865K – – –
Morgan Stanley
75
Morgan Stanley
New York
$864K -$638K -36,743 -42%
1 2
3
4 5

PFS Hedge Fund Activity: Q2 2014 in Review

147 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q2 2014, worth a combined $658M — down 3.6% from $682M a quarter earlier.

Buyers outnumbered sellers: 22 funds opened new PFS positions and 5 closed out — a net gain of 17 holders — while 59 added to existing stakes and 42 trimmed.

The largest buyer was Norges Bank, adding an estimated $9.73M. The largest seller was Perkins Investment Management, cutting an estimated $13.2M.

  • 147 institutional investors held Provident Financial Services (PFS) as of Q2 2014, up from 131 in Q1 2014.
  • Funds reported $658M of Provident Financial Services stock for Q2 2014, down 3.6% quarter-over-quarter.
  • 22 funds opened new Provident Financial Services positions in Q2 2014 and 5 closed out, a net change of +17 holders.
  • The largest Provident Financial Services buyer in Q2 2014 was Norges Bank, an estimated $9.73M added.
  • The largest Provident Financial Services seller in Q2 2014 was Perkins Investment Management, an estimated $13.2M sold.

Based on aggregated 13F filings for Q2 2014.