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Provident Financial Services
PFS

151 hedge funds and large institutions have $826M invested in Provident Financial Services in 2016 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 61 increasing their positions, 44 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

39% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 44

0.8% less ownership

Funds ownership: 63.52% → 62.72% (-0.8%)

2% less capital invested

Capital invested by funds: $839M → $826M (-$13M)

4% less funds holding

Funds holding: 157 → 151 (-6)

26% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 19

Holders
151
Holders Change
-6
Holders Change %
-3.82%
% of All Funds
4.02%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
61
Reduced
44
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Allianz Asset Management
Allianz Asset Management
Germany
+$8.8M
2
Vanguard Group
Vanguard Group
Pennsylvania
+$3.95M
3
Jennison Associates
Jennison Associates
New York
+$3.33M
4
Invesco
Invesco
Georgia
+$2.23M
5
Goldman Sachs
Goldman Sachs
New York
+$2.23M

Top Sellers

Rank Fund Capital Flow
1
DRZID
DePrince Race & Zollo Inc (DRZ)
Florida
-$17M
2
KAM
Keeley Asset Management
Illinois
-$7.16M
3
Federated Hermes
Federated Hermes
Pennsylvania
-$6.8M
4
RFC
Russell Frank Company
Washington
-$5.61M
5
KTC
Kistler-Tiffany Companies
Pennsylvania
-$2.49M
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
51
UBS Group
Switzerland
$1.67M +$43.4K +2,286 +3%
Royal Bank of Canada
52
Royal Bank of Canada
Ontario, Canada
$1.57M -$4.81K -253 -0.3%
MCM
53
Maltese Capital Management
New York
$1.51M -$1.61M -85,000 -53%
VNA
54
Valley National Advisers
Pennsylvania
$1.46M +$13.6K +716 +1%
Bank of America
55
Bank of America
North Carolina
$1.44M +$188K +9,886 +16%
State Board of Administration of Florida Retirement System
56
State Board of Administration of Florida Retirement System
Florida
$1.33M – – –
Comerica Bank
57
Comerica Bank
Texas
$1.27M -$1.27M -66,704 -52%
PGFC
58
Peapack-Gladstone Financial Corp
New Jersey
$1.24M – – –
Susquehanna International Group
59
Susquehanna International Group
Pennsylvania
$1.23M -$481K -25,332 -29%
New York State Common Retirement Fund
60
New York State Common Retirement Fund
New York
$1.21M – – –
ZIG
61
Zurich Insurance Group
Switzerland
$1.17M +$1.1M +58,000 New
LSV Asset Management
62
LSV Asset Management
Illinois
$1.12M -$301K -15,828 -22%
Creative Planning
63
Creative Planning
Kansas
$1.07M – – –
Jacobs Levy Equity Management
64
Jacobs Levy Equity Management
New Jersey
$1.02M -$79.8K -4,200 -8%
State of New Jersey Common Pension Fund D
65
State of New Jersey Common Pension Fund D
New Jersey
$1.01M – – –
AIG
66
American International Group
New York
$988K +$39.5K +2,078 +4%
Citigroup
67
Citigroup
New York
$982K +$125K +6,580 +16%
MLICM
68
Metropolitan Life Insurance Company (MetLife)
New York
$981K +$79.7K +4,194 +9%
SO
69
STRS Ohio
Ohio
$959K -$15.2K -800 -2%
TPSF
70
Texas Permanent School Fund
Texas
$955K -$28.3K -1,490 -3%
State of Tennessee, Department of Treasury
71
State of Tennessee, Department of Treasury
Tennessee
$930K +$20.6K +1,085 +2%
EA
72
Emerald Advisers
Pennsylvania
$921K -$17.7K -931 -2%
VOYA Investment Management
73
VOYA Investment Management
Georgia
$864K – – –
Los Angeles Capital Management
74
Los Angeles Capital Management
California
$847K -$19K -1,000 -2%
Public Sector Pension Investment Board (PSP Investments)
75
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$844K +$24.7K +1,300 +3%
1 2
3
4 5

PFS Hedge Fund Activity: Q1 2016 in Review

151 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q1 2016, worth a combined $826M — down 1.5% from $839M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of PFS and 14 opened new positions — a net loss of 5 holders — while 44 trimmed existing stakes and 61 added.

The largest buyer was Allianz Asset Management, opening a new position worth an estimated $8.8M. The largest seller was DePrince Race & Zollo Inc (DRZ), exiting entirely with an estimated $17M sold.

  • 151 institutional investors held Provident Financial Services (PFS) as of Q1 2016, down from 157 in Q4 2015.
  • Funds reported $826M of Provident Financial Services stock for Q1 2016, down 1.5% quarter-over-quarter.
  • 14 funds opened new Provident Financial Services positions in Q1 2016 and 19 closed out, a net change of -5 holders.
  • The largest Provident Financial Services buyer in Q1 2016 was Allianz Asset Management, an estimated $8.8M added.
  • The largest Provident Financial Services seller in Q1 2016 was DePrince Race & Zollo Inc (DRZ), an estimated $17M sold.

Based on aggregated 13F filings for Q1 2016.