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Provident Financial Services
PFS

163 hedge funds and large institutions have $1.23B invested in Provident Financial Services in 2018 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 68 increasing their positions, 45 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

51% more repeat investments, than reductions

Existing positions increased: 68 | Existing positions reduced: 45

9% more capital invested

Capital invested by funds: $1.13B → $1.23B (+$99.4M)

0.55% more ownership

Funds ownership: 66.27% → 66.82% (+0.55%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

3% less funds holding

Funds holding: 168 → 163 (-5)

20% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 15

Holders
163
Holders Change
-5
Holders Change %
-2.98%
% of All Funds
3.73%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
12
Increased
68
Reduced
45
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
BlackRock
BlackRock
New York
+$13M
2
MCM
Moore Capital Management
New York
+$7.2M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$3.21M
4
Goldman Sachs
Goldman Sachs
New York
+$2.4M
5
Renaissance Technologies
Renaissance Technologies
New York
+$2.28M

Top Sellers

1
Millennium Management
Millennium Management
New York
-$12.5M
2
Wells Fargo
Wells Fargo
California
-$3.26M
3
KTA
Keeley-Teton Advisors
Illinois
-$3.26M
4
First Trust Advisors
First Trust Advisors
Illinois
-$2.47M
5
KTC
Kistler-Tiffany Companies
Pennsylvania
-$1.59M
Name Holding Trade Value Shares
Change 		Change in
Stake
New York State Common Retirement Fund
51
New York State Common Retirement Fund
New York
$1.92M +$95.1K +3,500 +5%
Comerica Bank
52
Comerica Bank
Texas
$1.77M +$12.6K +462 +0.7%
State Board of Administration of Florida Retirement System
53
State Board of Administration of Florida Retirement System
Florida
$1.73M – – –
Jennison Associates
54
Jennison Associates
New York
$1.66M -$501K -18,450 -23%
Citadel Advisors
55
Citadel Advisors
Florida
$1.44M +$304K +11,204 +27%
SIA
56
Sit Investment Associates
Minnesota
$1.43M – – –
State of New Jersey Common Pension Fund D
57
State of New Jersey Common Pension Fund D
New Jersey
$1.38M – – –
AIG
58
American International Group
New York
$1.31M +$224K +8,237 +21%
Citigroup
59
Citigroup
New York
$1.27M +$206K +7,588 +20%
UBS AM
60
UBS AM
Illinois
$1.19M -$135K -4,977 -10%
Victory Capital Management
61
Victory Capital Management
Texas
$1.15M +$22.4K +825 +2%
Bank of Montreal
62
Bank of Montreal
Ontario, Canada
$1.15M -$46.2K -1,702 -4%
State of Tennessee, Department of Treasury
63
State of Tennessee, Department of Treasury
Tennessee
$1.13M -$39K -1,434 -3%
SO
64
STRS Ohio
Ohio
$1.13M – – –
First Trust Advisors
65
First Trust Advisors
Illinois
$1.1M -$2.47M -90,875 -70%
TPSF
66
Texas Permanent School Fund
Texas
$1.08M -$24.7K -910 -2%
Public Sector Pension Investment Board (PSP Investments)
67
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.08M – – –
UBS Group
68
UBS Group
Switzerland
$959K +$649K +23,901 +218%
HCM
69
Highlander Capital Management
New Jersey
$901K – – –
GT
70
Glenmede Trust
Pennsylvania
$881K +$93.2K +3,430 +12%
Jacobs Levy Equity Management
71
Jacobs Levy Equity Management
New Jersey
$878K -$133K -4,900 -13%
SCM
72
Sterling Capital Management
North Carolina
$875K -$324K -11,928 -27%
Royal Bank of Canada
73
Royal Bank of Canada
Ontario, Canada
$865K +$1K +37 +0.1%
VNA
74
Valley National Advisers
Pennsylvania
$860K +$408 +15 +0%
ZIG
75
Zurich Insurance Group
Switzerland
$856K -$731K -26,900 -46%
1 2
3
4 5

PFS Hedge Fund Activity: Q2 2018 in Review

163 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q2 2018, worth a combined $1.23B — up 8.8% from $1.13B a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of PFS and 12 opened new positions — a net loss of 3 holders — while 45 trimmed existing stakes and 68 added.

The largest buyer was BlackRock, adding an estimated $13M. The largest seller was Millennium Management, cutting an estimated $12.5M.

  • 163 institutional investors held Provident Financial Services (PFS) as of Q2 2018, down from 168 in Q1 2018.
  • Funds reported $1.23B of Provident Financial Services stock for Q2 2018, up 8.8% quarter-over-quarter.
  • 12 funds opened new Provident Financial Services positions in Q2 2018 and 15 closed out, a net change of -3 holders.
  • The largest Provident Financial Services buyer in Q2 2018 was BlackRock, an estimated $13M added.
  • The largest Provident Financial Services seller in Q2 2018 was Millennium Management, an estimated $12.5M sold.

Based on aggregated 13F filings for Q2 2018.