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Provident Financial Services
PFS

141 hedge funds and large institutions have $626M invested in Provident Financial Services in 2014 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 61 increasing their positions, 44 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

39% more repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 44

5% less capital invested

Capital invested by funds: $658M → $626M (-$32.4M)

4% less funds holding

Funds holding: 147 → 141 (-6)

4.46% less ownership

Funds ownership: 63.04% → 58.58% (-4.5%)

40% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 15

Holders
141
Holders Change
-6
Holders Change %
-4.08%
% of All Funds
4.09%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
61
Reduced
44
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MCM
Maltese Capital Management
New York
+$3.53M
2
Millennium Management
Millennium Management
New York
+$3.03M
3
Renaissance Technologies
Renaissance Technologies
New York
+$2.93M
4
Deutsche Bank
Deutsche Bank
Germany
+$2.28M
5
BMCMI
Bryn Mawr Capital Management Inc
Pennsylvania
+$2.02M

Top Sellers

Rank Fund Capital Flow
1
Norges Bank
Norges Bank
Norway
-$9.47M
2
American Century Companies
American Century Companies
Missouri
-$4.09M
3
Acadian Asset Management
Acadian Asset Management
Massachusetts
-$3.25M
4
PIM
Perkins Investment Management
Illinois
-$1.63M
5
BFA
BlackRock Fund Advisors
California
-$1.58M
Name Holding Trade Value Shares
Change 		Change in
Stake
VOYA Investment Management
76
VOYA Investment Management
Georgia
$780K -$797K -47,166 -50%
MAM
77
Martingale Asset Management
Massachusetts
$773K -$292K -17,250 -27%
State of Tennessee, Department of Treasury
78
State of Tennessee, Department of Treasury
Tennessee
$758K – – –
AIG
79
American International Group
New York
$754K +$12.6K +748 +2%
MLICM
80
Metropolitan Life Insurance Company (MetLife)
New York
$691K -$131K -7,731 -15%
ASRS
81
Arizona State Retirement System
Arizona
$612K -$8.45K -500 -1%
GC
82
Guggenheim Capital
Illinois
$593K -$18K -1,067 -3%
Marshall Wace
83
Marshall Wace
United Kingdom
$576K +$595K +35,168 New
ProShare Advisors
84
ProShare Advisors
Maryland
$544K -$101K -5,953 -15%
BA
85
BlackRock Advisors
Delaware
$537K -$10.7K -635 -2%
SCA
86
Secor Capital Advisors
New York
$534K +$552K +32,635 New
BAM
87
Berkshire Asset Management
Pennsylvania
$520K – – –
Ohio Public Employees Retirement System (OPERS)
88
Ohio Public Employees Retirement System (OPERS)
Ohio
$507K -$27.2K -1,611 -5%
GMIM
89
General Motors Investment Management
New York
$474K – – –
TRSOTSOK
90
Teachers Retirement System of the State of Kentucky
Kentucky
$435K – – –
CAM
91
Capstone Asset Management
Texas
$420K +$18.9K +1,120 +5%
LSERS
92
Louisiana State Employees Retirement System
Louisiana
$406K -$1.69K -100 -0.4%
New York State Teachers Retirement System (NYSTRS)
93
New York State Teachers Retirement System (NYSTRS)
New York
$390K – – –
UBS AM
94
UBS AM
Illinois
$349K – – –
PNC Financial Services Group
95
PNC Financial Services Group
Pennsylvania
$335K +$76.1K +4,501 +28%
Thrivent Financial for Lutherans
96
Thrivent Financial for Lutherans
Minnesota
$320K -$1.69K -100 -0.5%
CCM
97
Condor Capital Management
New Jersey
$311K – – –
Public Employees Retirement Association of Colorado
98
Public Employees Retirement Association of Colorado
Colorado
$304K – – –
Tudor Investment Corp
99
Tudor Investment Corp
Connecticut
$303K -$308K -18,238 -50%
HI
100
HBK Investments
Texas
$299K +$82.6K +4,888 +36%
2 3
4
5 6

PFS Hedge Fund Activity: Q3 2014 in Review

141 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q3 2014, worth a combined $626M — down 4.9% from $658M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of PFS and 9 opened new positions — a net loss of 6 holders — while 44 trimmed existing stakes and 61 added.

The largest buyer was Maltese Capital Management, adding an estimated $3.53M. The largest seller was Norges Bank, cutting an estimated $9.47M.

  • 141 institutional investors held Provident Financial Services (PFS) as of Q3 2014, down from 147 in Q2 2014.
  • Funds reported $626M of Provident Financial Services stock for Q3 2014, down 4.9% quarter-over-quarter.
  • 9 funds opened new Provident Financial Services positions in Q3 2014 and 15 closed out, a net change of -6 holders.
  • The largest Provident Financial Services buyer in Q3 2014 was Maltese Capital Management, an estimated $3.53M added.
  • The largest Provident Financial Services seller in Q3 2014 was Norges Bank, an estimated $9.47M sold.

Based on aggregated 13F filings for Q3 2014.