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Provident Financial Services

188 hedge funds and large institutions have $904M invested in Provident Financial Services in 2023 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 59 increasing their positions, 70 reducing their positions, and 31 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.31% more ownership

Funds ownership: 71.86%73.17% (+1.3%)

4% less funds holding

Funds holding: 196188 (-8)

13% less capital invested

Capital invested by funds: $1.04B → $904M (-$133M)

16% less repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 70

26% less first-time investments, than exits

New positions opened: 23 | Existing positions closed: 31

29% less call options, than puts

Call options by funds: $144K | Put options by funds: $203K

Holders
188
Holders Change
-8
Holders Change %
-4.08%
% of All Funds
2.95%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
23
Increased
59
Reduced
70
Closed
31
Calls
$144K
Puts
$203K
Net Calls
-$59K
Net Calls Change
-$359K
Name Holding Trade Value Shares
Change
Change in
Stake
KTC
51
Kistler-Tiffany Companies
Pennsylvania
$1.49M -$643K -37,817 -29%
UBS AM
52
UBS AM
Illinois
$1.46M
AllianceBernstein
53
AllianceBernstein
Tennessee
$1.45M -$56.9K -3,345 -4%
Qube Research & Technologies (QRT)
54
Qube Research & Technologies (QRT)
United Kingdom
$1.42M +$1.48M +87,126 New
COPPSERS
55
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$1.39M +$95.4K +5,612 +7%
California State Teachers Retirement System (CalSTRS)
56
California State Teachers Retirement System (CalSTRS)
California
$1.39M -$83.7K -4,921 -5%
Bank of America
57
Bank of America
North Carolina
$1.31M -$783K -46,060 -36%
Voloridge Investment Management
58
Voloridge Investment Management
Florida
$1.29M -$468K -27,544 -26%
Canada Life
59
Canada Life
Manitoba, Canada
$1.26M -$93.8K -5,515 -7%
Fidelity Investments
60
Fidelity Investments
Massachusetts
$1.2M -$3.59K -211 -0.3%
Franklin Resources
61
Franklin Resources
California
$1.18M +$477K +28,050 +63%
Thrivent Financial for Lutherans
62
Thrivent Financial for Lutherans
Minnesota
$1.18M -$40.8K -2,397 -3%
HSBC Holdings
63
HSBC Holdings
United Kingdom
$1.15M -$725K -42,637 -38%
PNC Financial Services Group
64
PNC Financial Services Group
Pennsylvania
$1.09M -$31.4K -1,845 -3%
TPSF
65
Texas Permanent School Fund
Texas
$1.09M -$18.4K -1,081 -2%
PP
66
PDT Partners
New York
$1.07M +$825K +48,499 +289%
AQR Capital Management
67
AQR Capital Management
Connecticut
$1.03M +$850K +49,964 +389%
Connor, Clark & Lunn Investment Management (CC&L)
68
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$1.01M +$1.05M +61,824 New
Carson Wealth (CWM LLC)
69
Carson Wealth (CWM LLC)
Nebraska
$1M -$34.4K -2,025 -3%
D.E. Shaw & Co
70
D.E. Shaw & Co
New York
$949K -$813K -47,820 -45%
Jane Street
71
Jane Street
New York
$945K +$573K +33,720 +140%
State Board of Administration of Florida Retirement System
72
State Board of Administration of Florida Retirement System
Florida
$941K -$337K -19,820 -26%
SRC
73
Samson Rock Capital
United Kingdom
$928K +$966K +56,804 New
Commonwealth Equity Services
74
Commonwealth Equity Services
Massachusetts
$860K -$1.34K -79 -0.1%
T. Rowe Price Associates
75
T. Rowe Price Associates
Maryland
$816K +$14.8K +868 +2%

PFS Hedge Fund Activity: Q2 2023 in Review

188 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q2 2023, worth a combined $904M — down 13% from $1.04B a quarter earlier.

Sellers outnumbered buyers: 31 funds closed out of PFS and 23 opened new positions — a net loss of 8 holders — while 70 trimmed existing stakes and 59 added.

The largest buyer was Millennium Management, adding an estimated $19.1M. The largest seller was Janus Henderson Group, cutting an estimated $7.85M.

  • 188 institutional investors held Provident Financial Services (PFS) as of Q2 2023, down from 196 in Q1 2023.
  • Funds reported $904M of Provident Financial Services stock for Q2 2023, down 13% quarter-over-quarter.
  • 23 funds opened new Provident Financial Services positions in Q2 2023 and 31 closed out, a net change of -8 holders.
  • The largest Provident Financial Services buyer in Q2 2023 was Millennium Management, an estimated $19.1M added.
  • The largest Provident Financial Services seller in Q2 2023 was Janus Henderson Group, an estimated $7.85M sold.

Based on aggregated 13F filings for Q2 2023.