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Provident Financial Services
PFS

141 hedge funds and large institutions have $626M invested in Provident Financial Services in 2014 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 61 increasing their positions, 44 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

39% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 44

5% less capital invested

Capital invested by funds: $658M → $626M (-$32.4M)

4% less funds holding

Funds holding: 147 → 141 (-6)

4.46% less ownership

Funds ownership: 63.04% → 58.58% (-4.5%)

40% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 15

Holders
141
Holders Change
-6
Holders Change %
-4.08%
% of All Funds
4.09%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
61
Reduced
44
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MCM
Maltese Capital Management
New York
+$3.53M
2
Millennium Management
Millennium Management
New York
+$3.03M
3
Renaissance Technologies
Renaissance Technologies
New York
+$2.93M
4
Deutsche Bank
Deutsche Bank
Germany
+$2.28M
5
BMCMI
Bryn Mawr Capital Management Inc
Pennsylvania
+$2.02M

Top Sellers

Rank Fund Capital Flow
1
Norges Bank
Norges Bank
Norway
-$9.47M
2
American Century Companies
American Century Companies
Missouri
-$4.09M
3
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$3.25M
4
PIM
Perkins Investment Management
Illinois
-$1.63M
5
BFA
BlackRock Fund Advisors
California
-$1.58M
Name Holding Trade Value Shares
Change 		Change in
Stake
TC
51
TFS Capital
Pennsylvania
$1.66M -$136K -8,017 -7%
Public Sector Pension Investment Board (PSP Investments)
52
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.65M -$284K -16,800 -14%
RhumbLine Advisers
53
RhumbLine Advisers
Massachusetts
$1.63M +$2.54K +150 +0.2%
AllianceBernstein
54
AllianceBernstein
Tennessee
$1.61M -$8.45K -500 -0.5%
Jacobs Levy Equity Management
55
Jacobs Levy Equity Management
New Jersey
$1.59M +$802K +47,469 +96%
PGFC
56
Peapack-Gladstone Financial Corp
New Jersey
$1.45M – – –
CCMH
57
Cornerstone Capital Management Holdings
New York
$1.37M +$511K +30,200 +57%
Wells Fargo
58
Wells Fargo
California
$1.33M +$632K +37,394 +85%
U
59
UBS
Switzerland
$1.27M -$102K -6,036 -7%
Los Angeles Capital Management
60
Los Angeles Capital Management
California
$1.24M -$18.5K -1,097 -1%
CS
61
Credit Suisse
Switzerland
$1.23M +$88.6K +5,240 +8%
GT
62
Glenmede Trust
Pennsylvania
$1.19M +$22.3K +1,320 +2%
SCM
63
Sterling Capital Management
North Carolina
$1.17M +$37.9K +2,240 +3%
RBA
64
Richard Bernstein Advisors
New York
$1.15M – – –
State Board of Administration of Florida Retirement System
65
State Board of Administration of Florida Retirement System
Florida
$1.08M – – –
HCM
66
Highbridge Capital Management
New York
$1.06M +$884K +52,303 +412%
Swiss National Bank
67
Swiss National Bank
Switzerland
$1M -$16.9K -1,000 -2%
KTC
68
Kistler-Tiffany Companies
Pennsylvania
$973K +$982K +58,068 +4,160%
NCCM
69
Nine Chapters Capital Management
New Jersey
$928K -$122K -7,200 -11%
Stifel Financial
70
Stifel Financial
Missouri
$903K +$342K +20,234 +58%
Comerica Bank
71
Comerica Bank
Texas
$902K +$22.4K +1,324 +2%
SO
72
STRS Ohio
Ohio
$895K – – –
BG
73
BlackRock Group
United Kingdom
$863K -$24K -1,419 -3%
State of New Jersey Common Pension Fund D
74
State of New Jersey Common Pension Fund D
New Jersey
$819K – – –
TPSF
75
Texas Permanent School Fund
Texas
$800K -$91.2K -5,392 -10%
1 2
3
4 5

PFS Hedge Fund Activity: Q3 2014 in Review

141 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q3 2014, worth a combined $626M — down 4.9% from $658M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of PFS and 9 opened new positions — a net loss of 6 holders — while 44 trimmed existing stakes and 61 added.

The largest buyer was Maltese Capital Management, adding an estimated $3.53M. The largest seller was Norges Bank, cutting an estimated $9.47M.

  • 141 institutional investors held Provident Financial Services (PFS) as of Q3 2014, down from 147 in Q2 2014.
  • Funds reported $626M of Provident Financial Services stock for Q3 2014, down 4.9% quarter-over-quarter.
  • 9 funds opened new Provident Financial Services positions in Q3 2014 and 15 closed out, a net change of -6 holders.
  • The largest Provident Financial Services buyer in Q3 2014 was Maltese Capital Management, an estimated $3.53M added.
  • The largest Provident Financial Services seller in Q3 2014 was Norges Bank, an estimated $9.47M sold.

Based on aggregated 13F filings for Q3 2014.