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Provident Financial Services
PFS

154 hedge funds and large institutions have $1.06B invested in Provident Financial Services in 2017 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 55 increasing their positions, 53 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% more repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 53

4% less capital invested

Capital invested by funds: $1.1B → $1.06B (-$44.6M)

1.68% less ownership

Funds ownership: 64.07% → 62.39% (-1.7%)

3% less funds holding

Funds holding: 159 → 154 (-5)

25% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 16

Holders
154
Holders Change
-5
Holders Change %
-3.14%
% of All Funds
3.84%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
55
Reduced
53
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AAM
Aberdeen Asset Management
United Kingdom
+$4.67M
2
Northern Trust
Northern Trust
Illinois
+$3.3M
3
MCA
Mendon Capital Advisors
Florida
+$3.1M
4
Wellington Management Group
Wellington Management Group
Massachusetts
+$2.35M
5
Deutsche Bank
Deutsche Bank
Germany
+$2.08M

Top Sellers

1
Principal Financial Group
Principal Financial Group
Iowa
-$17.3M
2
BCM
Bridgeway Capital Management
Texas
-$2.81M
3
Russell Investments Group
Russell Investments Group
United Kingdom
-$2.7M
4
JP Morgan Chase
JP Morgan Chase
New York
-$2.59M
5
KTA
Keeley-Teton Advisors
Illinois
-$2.06M
Name Holding Trade Value Shares
Change 		Change in
Stake
CS
51
Credit Suisse
Switzerland
$1.79M -$547K -22,042 -24%
NFA
52
Nationwide Fund Advisors
Ohio
$1.72M -$1.93M -77,651 -53%
New York State Common Retirement Fund
53
New York State Common Retirement Fund
New York
$1.68M +$114K +4,599 +7%
Comerica Bank
54
Comerica Bank
Texas
$1.63M -$83.1K -3,344 -5%
Allianz Asset Management
55
Allianz Asset Management
Germany
$1.62M -$438K -17,642 -22%
State Board of Administration of Florida Retirement System
56
State Board of Administration of Florida Retirement System
Florida
$1.59M – – –
Citigroup
57
Citigroup
New York
$1.54M -$420K -16,911 -22%
ZIG
58
Zurich Insurance Group
Switzerland
$1.47M – – –
State of Tennessee, Department of Treasury
59
State of Tennessee, Department of Treasury
Tennessee
$1.4M – – –
Creative Planning
60
Creative Planning
Kansas
$1.32M – – –
Jennison Associates
61
Jennison Associates
New York
$1.3M +$62K +2,497 +5%
State of New Jersey Common Pension Fund D
62
State of New Jersey Common Pension Fund D
New Jersey
$1.27M – – –
AIG
63
American International Group
New York
$1.17M +$211K +8,480 +23%
TPSF
64
Texas Permanent School Fund
Texas
$1.12M +$12.9K +521 +1%
MLICM
65
Metropolitan Life Insurance Company (MetLife)
New York
$1.08M +$8.97K +361 +0.9%
SO
66
STRS Ohio
Ohio
$1.05M +$49.7K +2,000 +5%
First Trust Advisors
67
First Trust Advisors
Illinois
$1.03M -$594K -23,905 -37%
SIA
68
Sit Investment Associates
Minnesota
$1.01M +$202K +8,150 +26%
PAM
69
Panagora Asset Management
Massachusetts
$985K +$724K +29,144 +301%
VNA
70
Valley National Advisers
Pennsylvania
$942K -$4.05K -163 -0.4%
AQR Capital Management
71
AQR Capital Management
Connecticut
$931K -$418K -16,823 -31%
UBS AM
72
UBS AM
Illinois
$914K -$3.35K -135 -0.4%
TCOV
73
Trust Company of Vermont
Vermont
$884K +$865K +34,836 New
Fidelity Investments
74
Fidelity Investments
Massachusetts
$853K – – –
VOYA Investment Management
75
VOYA Investment Management
Georgia
$810K +$50.7K +2,042 +7%
1 2
3
4 5

PFS Hedge Fund Activity: Q2 2017 in Review

154 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q2 2017, worth a combined $1.06B — down 4.1% from $1.1B a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of PFS and 12 opened new positions — a net loss of 4 holders — while 53 trimmed existing stakes and 55 added.

The largest buyer was Aberdeen Asset Management, opening a new position worth an estimated $4.67M. The largest seller was Principal Financial Group, cutting an estimated $17.3M.

  • 154 institutional investors held Provident Financial Services (PFS) as of Q2 2017, down from 159 in Q1 2017.
  • Funds reported $1.06B of Provident Financial Services stock for Q2 2017, down 4.1% quarter-over-quarter.
  • 12 funds opened new Provident Financial Services positions in Q2 2017 and 16 closed out, a net change of -4 holders.
  • The largest Provident Financial Services buyer in Q2 2017 was Aberdeen Asset Management, an estimated $4.67M added.
  • The largest Provident Financial Services seller in Q2 2017 was Principal Financial Group, an estimated $17.3M sold.

Based on aggregated 13F filings for Q2 2017.