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Provident Financial Services
PFS

149 hedge funds and large institutions have $878M invested in Provident Financial Services in 2016 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 56 increasing their positions, 49 reducing their positions, and 11 closing their positions.

New
Increased
Maintained
Reduced
Closed

14% more repeat investments, than reductions

Existing positions increased: 56 | Existing positions reduced: 49

8% more capital invested

Capital invested by funds: $811M → $878M (+$67.6M)

0.61% more ownership

Funds ownership: 62.45% → 63.06% (+0.61%)

3% less funds holding

Funds holding: 153 → 149 (-4)

27% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 11

Holders
149
Holders Change
-4
Holders Change %
-2.61%
% of All Funds
3.98%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
56
Reduced
49
Closed
11
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BFA
BlackRock Fund Advisors
California
+$8.05M
2
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$4.6M
3
Goldman Sachs
Goldman Sachs
New York
+$3.43M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$2.89M
5
MAM
Martingale Asset Management
Massachusetts
+$2.74M

Top Sellers

1
Jennison Associates
Jennison Associates
New York
-$5.82M
2
KAM
Keeley Asset Management
Illinois
-$3.39M
3
PI
Putnam Investments
Massachusetts
-$1.4M
4
HAI
Hennessy Advisors Inc
California
-$1.34M
5
DGHMC
Dalton, Greiner, Hartman, Maher & Co
New York
-$1.29M
Name Holding Trade Value Shares
Change 		Change in
Stake
Canada Life
51
Canada Life
Manitoba, Canada
$1.69M +$72.3K +3,508 +5%
Bessemer Group
52
Bessemer Group
New Jersey
$1.61M +$1.57M +76,000 New
AQR Capital Management
53
AQR Capital Management
Connecticut
$1.52M -$328K -15,889 -18%
LSV Asset Management
54
LSV Asset Management
Illinois
$1.49M +$303K +14,700 +26%
Jennison Associates
55
Jennison Associates
New York
$1.45M -$5.82M -282,458 -80%
State Board of Administration of Florida Retirement System
56
State Board of Administration of Florida Retirement System
Florida
$1.33M +$2.47K +120 +0.2%
MAP
57
Moody Aldrich Partners
Massachusetts
$1.32M +$132K +6,410 +12%
New York State Common Retirement Fund
58
New York State Common Retirement Fund
New York
$1.31M – – –
Comerica Bank
59
Comerica Bank
Texas
$1.29M -$3.15K -153 -0.3%
ZIG
60
Zurich Insurance Group
Switzerland
$1.23M – – –
VNA
61
Valley National Advisers
Pennsylvania
$1.21M -$206K -9,984 -15%
Legal & General Group
62
Legal & General Group
United Kingdom
$1.2M +$830K +40,260 +249%
Creative Planning
63
Creative Planning
Kansas
$1.1M – – –
First Trust Advisors
64
First Trust Advisors
Illinois
$1.07M -$335K -16,245 -24%
Jacobs Levy Equity Management
65
Jacobs Levy Equity Management
New Jersey
$1.07M – – –
Citigroup
66
Citigroup
New York
$1.07M +$632K +30,644 +156%
State of New Jersey Common Pension Fund D
67
State of New Jersey Common Pension Fund D
New Jersey
$1.06M – – –
State of Tennessee, Department of Treasury
68
State of Tennessee, Department of Treasury
Tennessee
$978K – – –
TPSF
69
Texas Permanent School Fund
Texas
$969K +$8.12K +394 +0.9%
SO
70
STRS Ohio
Ohio
$965K -$53.6K -2,600 -5%
AIG
71
American International Group
New York
$960K +$1.94K +94 +0.2%
MLICM
72
Metropolitan Life Insurance Company (MetLife)
New York
$907K -$121K -5,877 -12%
Public Sector Pension Investment Board (PSP Investments)
73
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$887K – – –
UBS AM
74
UBS AM
Illinois
$856K – – –
RJA
75
Raymond James & Associates
Florida
$781K +$376K +18,221 +98%
1 2
3
4 5

PFS Hedge Fund Activity: Q3 2016 in Review

149 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q3 2016, worth a combined $878M — up 8.3% from $811M a quarter earlier.

Sellers outnumbered buyers: 11 funds closed out of PFS and 8 opened new positions — a net loss of 3 holders — while 49 trimmed existing stakes and 56 added.

The largest buyer was BlackRock Fund Advisors, adding an estimated $8.05M. The largest seller was Jennison Associates, cutting an estimated $5.82M.

  • 149 institutional investors held Provident Financial Services (PFS) as of Q3 2016, down from 153 in Q2 2016.
  • Funds reported $878M of Provident Financial Services stock for Q3 2016, up 8.3% quarter-over-quarter.
  • 8 funds opened new Provident Financial Services positions in Q3 2016 and 11 closed out, a net change of -3 holders.
  • The largest Provident Financial Services buyer in Q3 2016 was BlackRock Fund Advisors, an estimated $8.05M added.
  • The largest Provident Financial Services seller in Q3 2016 was Jennison Associates, an estimated $5.82M sold.

Based on aggregated 13F filings for Q3 2016.