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Provident Financial Services

149 hedge funds and large institutions have $570M invested in Provident Financial Services in 2020 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 54 increasing their positions, 46 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

12,800% more call options, than puts

Call options by funds: $645K | Put options by funds: $5K

17% more repeat investments, than reductions

Existing positions increased: 54 | Existing positions reduced: 46

0.15% more ownership

Funds ownership: 66.87%67.02% (+0.15%)

11% less funds holding

Funds holding: 167149 (-18)

43% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 37

48% less capital invested

Capital invested by funds: $1.09B → $570M (-$518M)

Holders
149
Holders Change
-18
Holders Change %
-10.78%
% of All Funds
3.28%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
21
Increased
54
Reduced
46
Closed
37
Calls
$645K
Puts
$5K
Net Calls
+$640K
Net Calls Change
-$171K
Name Holding Trade Value Shares
Change
Change in
Stake
UBS AM
51
UBS AM
Illinois
$851K -$92.3K -4,543 -6%
Bank of America
52
Bank of America
North Carolina
$828K -$476K -23,445 -27%
Thrivent Financial for Lutherans
53
Thrivent Financial for Lutherans
Minnesota
$812K +$311K +15,315 +32%
Deutsche Bank
54
Deutsche Bank
Germany
$802K +$714K +35,148 +129%
State Board of Administration of Florida Retirement System
55
State Board of Administration of Florida Retirement System
Florida
$781K
Comerica Bank
56
Comerica Bank
Texas
$778K +$35.8K +1,762 +3%
Bessemer Group
57
Bessemer Group
New Jersey
$737K -$264K -13,000 -18%
CIC
58
Cornercap Investment Counsel
Georgia
$722K +$1.14M +56,119 New
SOADOR
59
State of Alaska Department of Revenue
Alaska
$691K +$171K +8,434 +19%
UBS Group
60
UBS Group
Switzerland
$684K -$899K -44,260 -45%
VOYA Investment Management
61
VOYA Investment Management
Georgia
$675K +$20.1K +990 +2%
CFG
62
Citizens Financial Group
Rhode Island
$674K +$1.06M +52,375 New
TPSF
63
Texas Permanent School Fund
Texas
$657K +$203K +10,001 +24%
Barclays
64
Barclays
United Kingdom
$643K -$856K -42,159 -46%
Citadel Advisors
65
Citadel Advisors
Florida
$640K -$1.83M -89,998 -64%
CS
66
Credit Suisse
Switzerland
$612K -$49.6K -2,442 -5%
Squarepoint
67
Squarepoint
New York
$606K +$957K +47,098 New
AIG
68
American International Group
New York
$539K -$42.5K -2,090 -5%
AG
69
Aperio Group
California
$537K +$471K +23,177 +125%
Commonwealth Equity Services
70
Commonwealth Equity Services
Massachusetts
$498K +$7.78K +383 +1%
T. Rowe Price Associates
71
T. Rowe Price Associates
Maryland
$490K +$7.96K +392 +1%
Royal Bank of Canada
72
Royal Bank of Canada
Ontario, Canada
$468K +$268K +13,204 +57%
TCOV
73
Trust Company of Vermont
Vermont
$454K
Arrowstreet Capital
74
Arrowstreet Capital
Massachusetts
$453K -$1.83M -89,984 -72%
CSS
75
Cubist Systematic Strategies
Connecticut
$429K +$259K +12,749 +62%

PFS Hedge Fund Activity: Q1 2020 in Review

149 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q1 2020, worth a combined $570M — down 48% from $1.09B a quarter earlier.

Sellers outnumbered buyers: 37 funds closed out of PFS and 21 opened new positions — a net loss of 16 holders — while 46 trimmed existing stakes and 54 added.

The largest buyer was JP Morgan Chase, adding an estimated $12.3M. The largest seller was Manulife (Manufacturers Life Insurance), cutting an estimated $7.08M.

  • 149 institutional investors held Provident Financial Services (PFS) as of Q1 2020, down from 167 in Q4 2019.
  • Funds reported $570M of Provident Financial Services stock for Q1 2020, down 48% quarter-over-quarter.
  • 21 funds opened new Provident Financial Services positions in Q1 2020 and 37 closed out, a net change of -16 holders.
  • The largest Provident Financial Services buyer in Q1 2020 was JP Morgan Chase, an estimated $12.3M added.
  • The largest Provident Financial Services seller in Q1 2020 was Manulife (Manufacturers Life Insurance), an estimated $7.08M sold.

Based on aggregated 13F filings for Q1 2020.